I would love to see them try this

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Seriously. From The Western Journal:

California Bill Would Apply Wealth Tax to Residents Who Fled the State in the Last 10 Years
A new so-called wealth tax in California would send tax bills even to people who have moved out of the liberal state.

The Democrats’ proposal for “an annual tax of 0.4 percent upon the worldwide net worth of every resident in this state,” according to the text of AB 2088, which would create the tax on a vast list of untaxed assets California wants to tax.

The tax would target not only current residents but anyone who has what the bill classifies as wealth and who has lived in California any time in the past 10 years. It would use a sliding scale based on the number of years a taxpayer lived in the state.

Jon Healey, the deputy editorial page editor of the Los Angeles Times, cast a jaundiced eye upon the proposal in an Op-Ed in which he noted that “the tax would also be imposed on former residents who left within the past decade, presumably to catch those who fled the state’s income tax rates, which already are the highest in the country.”

“It also would apply the highest wealth-tax rate to anyone who’d spent a decade or more in California, a bizarre choice that would only increase the incentive for longtime residents to move out,” he wrote.

How about making a budget and sticking to it. How about maintaining your infrastructure instead of funding "sexy" new projects (hello high-speed train to nowhere, hello going carbon free, hello...)

Time for another UHaul index - how about San Francisco to Butte, Montana
(been to Butte a couple times - gorgeous old town with a lot of culture and fun stuff to do):

20200824-sf-butte.jpg

20200824-butte-sf.jpg

$2,187 one way and $583 the other. That is a 375% difference. Almost four times. Again, this is You and Me doing the move - people with more money will hire the whole process out. Even if this DOES pass, I would love to see them try to collect.

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This page contains a single entry by DaveH published on August 24, 2020 7:27 PM.

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