California Democrats propose a wealth tax which taxes you even after you leave the state

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Theo520 said:
What’s unusual is that the tax on your net worth would apply up to 10 yrs after you moved from California
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This is such a bad idea that only a few Democrats will support it. It is also unconstitutional and impractical. California would spend more trying to defend it in court than the tax brought in if it did pass. It is just another nutty idea from the old political slogan:

Don’t tax me
and don’t tax thee
tax the man behind the tree.

After California legistators discover they can not tax citizens of other states, maybe they will vote to tax Mexicans, Canadians, and the Chinese. Their last choice would be to cut spending, but that won’t happen until they are completely broke.
 
Trader said:
This is such a bad idea that only a few Democrats will support it.
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Yes, it will never pass. But that it was even proposed is telling.
Trader said:
Their last choice would be to cut spending, but that won’t happen until they are completely broke.
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Like dealing with an addiction, sometimes you have to hit rock bottom before you are willing to change.
 
Theo520 said:
Like dealing with an addiction, sometimes you have to hit rock bottom before you are willing to change.
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Yeah, having the power to give away other people’s money is as adicting as meth, cocaine, or heroin. It makes them feel good about themselves to be so generous, even if it is a lie that addicts of all types tell themselves.
 
More proposed tyranny and draconianism. When are the people going to wake up?
 
The Constitutional issues did not even mention the sticky issue of taxing residents of other states 10 years after they leave California. This then becomes an interstate commerce issue. I do not like this law, as I see it driving more of their residents to Texas and spending us into ruin as well.
 
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All taxes are good when you think the other person is paying them and not you … so “people” only wake up when they realize the state and or the Fed is reaching into their pocket and not the “other” persons …

That is why Bernie and Elisabeth Warren [and the Left - AKA Dem party now that it has shifted so far] have such a big following … Free everything that the “rich” will be taxed to pay for … the people just dont realize that the definition of rich will reach down to them … until its too late of course … they think “rich” means Warren Buffet, Bill Gates, Jeff Bezos, Bloomberg and the other billionaires … but it will include those who make far far less than that -
 
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