Author Topic: What's wrong in CA, summed up in 1 paragraph  (Read 1195 times)

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Plane

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Re: What's wrong in CA, summed up in 1 paragraph
« Reply #15 on: March 17, 2012, 10:30:59 PM »
   I wonder if this question can be answered;
     Does a progressive tax produce a gap between the rich and the rest?

     I think it does, somewhere around the top of the middle class taxes start being a handicap to wealth, but the very wealthy can outrun the taxes. So there forms a gap in the spectrum between the upper middle class and the very wealthy.

     I am not sure that this can be found by research and experiment, perhaps by historical comparisons?

sirs

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Re: What's wrong in CA, summed up in 1 paragraph
« Reply #16 on: March 18, 2012, 05:14:06 AM »
   I wonder if this question can be answered;
     Does a progressive tax produce a gap between the rich and the rest?

What it does, is that "the rich" have the resources to move themselves, and any businesses (jobs) they would have been considering, if not already in place, and take them to a more hospitable tax climate, in another state, leaving less and less of "the rich" to pay for more and more of all the rest that remain.

"The worst form of inequality is to try to make unequal things equal." -- Aristotle

kimba1

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Re: What's wrong in CA, summed up in 1 paragraph
« Reply #17 on: March 18, 2012, 11:39:36 AM »
Not the whole story

Here almost a decade ago we had a thing called a black flight. Alot of black home owners got feed up with rising taxes and less return for it and simply sold thier houses and leave. I believe the same is going on in for the rich in california. The taxes are raising but notice absolutely no talk of cleaner streets or safer neighborhoods.

The focus of raising taxes should always coincide with the topic how does it get spent.

sirs

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Re: What's wrong in CA, summed up in 1 paragraph
« Reply #18 on: March 18, 2012, 02:51:22 PM »
In CA, it's spent on unions, their pensions, prisoners, and 1/3 of all welfare recients in the country.  All the while the tax base that pays for it, get smaller with higher taxes on them
"The worst form of inequality is to try to make unequal things equal." -- Aristotle