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Passions in Poetry

Suing Big Bucks For Divorce

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Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


0 posted 11-01-2012 07:16 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


Letís say youíre Governor Jerry Brown of California.  You have a huge
deficit and state employee pension problem.  One of your fixes is to charge
a millionaireís tax on any household earning $250,000 or more.  Problem is
those people are leaving by the thousands every week for other states like
Texas.   Now Jerry doesnít care so long as he gets their money so what can
he do?   One idea I had was have a state exit tax and more aggressively
seek state alimony in the form of a percentage on any future earnings.
What prevents that legally?  What are other possibilities, (think liberally)?


I was thinking about this because my Illinois is ranked 48th just above New York
and California as a state attractive for business.  Next door is Indiana which
is ranked 5th.   Itís not all that hard to move across the state line and thereby
avoid the taxes that will shortly and surely be necessary for Illinois to meet its costs
and obligations.


.
Grinch
Member Elite
since 12-31-2005
Posts 2710
Whoville


1 posted 11-02-2012 07:30 PM       View Profile for Grinch   Email Grinch   Edit/Delete Message      Find Poems  View IP for Grinch


quote:
Problem is those people are leaving by the thousands every week for other states like Texas.


How many 'thousands' exactly and how many thousands are moving to California from other states like Texas? What's the migration ratio of rich versus non-rich and are all those rich folk going to states with the lowest taxes?

Those figures are important.

One last question, California has had a comparatively high level of taxes for a long time, how come the rich folk haven't migrated in the past?


.
Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


2 posted 11-02-2012 08:52 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.

http://ricochet.com/main-feed/The-Golden-State  


Listen in starting at 37:00 minutes to Victor talk about the state of his state . . .  I can't remember if it's
2,500 or 2,000 a week . . .   And they have been
migrating in the past according to the last census.


If you would rahter read:


"California may face the nationís largest budget deficit at $16 billion. It may struggle with the nationís second-highest unemployment rate at 10.6 percent. It will soon vote whether to levy the nationís highest income and sales taxes, as if to encourage others to join the 2,000-plus high earners who are leaving the state each week."

http://www.nationalreview.com/articles/329772/bankrupt-california-victor-davis-hanson


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Grinch
Member Elite
since 12-31-2005
Posts 2710
Whoville


3 posted 11-02-2012 09:48 PM       View Profile for Grinch   Email Grinch   Edit/Delete Message      Find Poems  View IP for Grinch


To be honest I'd rather have the true figures Ė folks tend to bend the truth when they're trying to prove a point.

For instance the number leaving might be as high as 2500 but the the number replacing them could be even higher Ė  which paints a whole different picture.

Even if the rich are leaving in large numbers where they're going is important too Ė if they're all flocking to a state with only a marginally smaller tax rate then the argument that tax rates determine where the rich choose to live holds a lot less water.

.
Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


4 posted 11-03-2012 01:22 AM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


I take Victor to be an honest man;
as much or more so than most . . .

Let's accept that those high earners are not
being replaced by other high earners.  What then?


.


moonbeam
Deputy Moderator 1 TourDeputy Moderator 1 TourDeputy Moderator 1 TourDeputy Moderator 1 Tour
Member Elite
since 12-24-2005
Posts 2038


5 posted 11-03-2012 09:19 AM       View Profile for moonbeam   Edit/Delete Message      Find Poems  View IP for moonbeam

Victor can't be an honest man, he never ever seems to agree with ANY Democratic Party policies or opinions these days. Am I wrong about that? Humm.
Huan Yi
Member Ascendant
since 10-12-2004
Posts 6334
Waukegan


6 posted 11-04-2012 09:24 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


"Victor can't be an honest man, he never ever seems to agree with ANY Democratic Party policies or opinions these days"


The comment speaks for itself.


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