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Old 06-06-2016, 09:57 AM
 
Location: Los Angeles (Native)
25,274 posts, read 15,401,487 times
Reputation: 12121

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https://www.rt.com/usa/345262-la-cou...llionaire-tax/

The proposed plan is to tax those making $1million or more per year.
Sadly not in that group. But, if they did pass this. I could see them starting with those making $1 million and then starting to implement the tax on people making a lot less than that.

What do you guys think?
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Old 06-06-2016, 10:08 AM
 
Location: Earth
17,446 posts, read 23,975,021 times
Reputation: 7282
Great news for Ventura County, OC and maybe even for San Bernardino County.
Might mean a little more housing available at the high end of the market but not enough to trickle down to produce sales. May mean a little more vacant high end rental housing on the market - which could trickle down to the middle.
This will definitely drive the wealthy out of LA county (not sure to what extent) and will mean fewer jobs.
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Old 06-06-2016, 10:12 AM
 
Location: La La Land
1,565 posts, read 2,001,062 times
Reputation: 2621
Quote:
Originally Posted by jm1982 View Post
https://www.rt.com/usa/345262-la-cou...llionaire-tax/

The proposed plan is to tax those making $1million or more per year.
Sadly not in that group. But, if they did pass this. I could see them starting with those making $1 million and then starting to implement the tax on people making a lot less than that.

What do you guys think?
What, in all the articles, videos, and discussions regarding the use of millionaire taxes has given you the idea that those taxes would move down the income scale? Every word has always indicated moving up the scale.

Even many of the 1% have acknowledged and accepted the fact that they can better afford to contribute to tax revenues better than any other members of our society.
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Old 06-06-2016, 11:35 AM
 
Location: Los Angeles (Native)
25,274 posts, read 15,401,487 times
Reputation: 12121
When federal income taxes were first proposed they were intended to be just for the wealthy as well.
Also if this tax on the millionaires doesn't happen, the other idea is an increase in the sales tax for everyone.
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Old 06-06-2016, 12:50 PM
 
5,153 posts, read 2,776,829 times
Reputation: 4730
Quote:
Originally Posted by jm1982 View Post
https://www.rt.com/usa/345262-la-cou...llionaire-tax/

The proposed plan is to tax those making $1million or more per year.
Sadly not in that group. But, if they did pass this. I could see them starting with those making $1 million and then starting to implement the tax on people making a lot less than that.

What do you guys think?
Another terrible democrat politician theft program aimed at redistributing wealth to pander for votes, yet chase high earners, jobs, and tax revenue out of the city, which in turn will exacerbate the original problem; free stuff isn't ever really free.

You can't make promises like "$100 million to help the homeless" without figuring out how it's going to be paid for in the first place. Why do people vote for idiots like County Supervisor Mark Ridley Thomas?
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Old 06-06-2016, 02:44 PM
 
271 posts, read 153,938 times
Reputation: 184
There are 2 major problems with this proposal:

1) it's an income tax levied by the county. This is completely unprecedented. If you really need to raise money for something at the County level then do it with a sales tax like any other measure.

2) It makes absolutely no mention of what exactly the money raised is going to do? I want to see a program that causes homeless rates to go DOWN. Not give assistance to current homeless. I'm willing to pay for the former, not the latter.
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Old 06-06-2016, 03:13 PM
 
Location: Los Angeles
2,919 posts, read 1,964,918 times
Reputation: 2450
This will simply attract more homeless to LA. Free housing! Let's take a bus to LA!
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Old 06-06-2016, 04:36 PM
 
399 posts, read 299,739 times
Reputation: 1458
More idiot politicians pandering for votes, and the losers that make up this LAme city will eat it up. You gotta understand: Most poor people in America are poor because they're stupid. It shouldn't surprise anyone that they support such stupid ideas. It's literally legalized theft. Leftists are a joke. Bunch of thieves and failures who want to bring the whole world down to their pathetic level.
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Old 06-06-2016, 05:11 PM
 
Location: Los Angeles (Native)
25,274 posts, read 15,401,487 times
Reputation: 12121
While apparently a majority of people are for this , most of them probably aren't making $1million a year.

Would be interesting to see how popular this is among the people making $1million + a year...since they will be paying for it after all.

Let's say if one is making $1million that's $10,000 if they made $10million a year that's $100,000.

Might not seem like that much to them, but it's still their money and I could see it being one thing that might motivate them to make another state their home state.

They also might think. 1 percent this year...what's next will it be 2%,3% etc?
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Old 06-06-2016, 05:20 PM
 
271 posts, read 153,938 times
Reputation: 184
Quote:
Originally Posted by KazChasey View Post
More idiot politicians pandering for votes, and the losers that make up this LAme city will eat it up. You gotta understand: Most poor people in America are poor because they're stupid. It shouldn't surprise anyone that they support such stupid ideas. It's literally legalized theft. Leftists are a joke. Bunch of thieves and failures who want to bring the whole world down to their pathetic level.


So those poor immigrant Jewish families that came here in the 19th and 20th centuries with literally nothing were all stupid huh?
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