Wealthy exodus to escape new tax rules worries California Democrats | WHAT REALLY HAPPENED


Wealthy exodus to escape new tax rules worries California Democrats

The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians: Will high taxes lead the state’s wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas?

Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents.

But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state’s Democrats suddenly are singing the GOP song about a potential millionaire exodus.

“People with higher incomes pay a lot more money, and some of them may be tempted to leave,” Gov. Jerry Brown said when he unveiled his 2018-19 budget proposal last week. “This was an assault by the Republicans in Congress against California.”

Webmaster's Commentary: 

Governor Brown, that last statement was pure bull-biscuits, sir, and you know it!!

In this country, every individual has the right to "vote with their feet", as a lot of well-to-do Californians have already done. When a state's tax burden becomes too high (as California's already is), and there is really nothing to show for the money spent, like a consistently dysfunctional educational system; health care which cannot deliver; a massive gap between wages and corporate profits; and the voluntary saddling of the state's infrastructure with illegal immigrants whose presence has bled the State of California dry, through entitlements, etc., you have.... a non-functional, failed US State.

And Governor Brown, this is precisely where California stands right now. In fact, if you have chosen NOT to read it, I highly commend the following article in the LA Times: Why is liberal California the poverty capital of America?

The hard and true reality is this; for quite some time, legislation made on the State level, has brought California to its knees, in terms of stopping it from being the kind of growth engine one wants to see, and should see, here.

And California, its citizens and businesses, are paying the price for many amazingly lousy legislative decisions made by people who do not have a clue how business works, and how they profit, because they have always had various jobs with the State before they run for public office.

So to those tax/infrastructure/fed up better-to-do Californians who are really ready to vote with their feet, let me encourage you to do so; the State of California has brought this upon itself, and if it cannot fix it, you have every right to leave for states with better, more sensible tax structures than does California.

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