California trying to pass state taxes even if you leave

[rawimpact]

This wont apply to 99% of people, but still, how crazy is California for trying to pass this? Quite the slippery slope. Those on the verge may leave before this gets passed.


California’s proposed wealth tax includes an unusual twist — the tax would apply to former residents for 10 years. The pace of departures among California’s wealthy may have reached the point that lawmakers anticipate a rush to the exits if they adopt a first-in-the-nation wealth tax that’s projected to raise $7.5 billion annually from about 30,000 residents. The proposed wealth tax (https://www.bizjournals.com/sanfrancisco/news/2020/08/13/proposed-california-wealth-tax-called-embarrassin.html#:~:text=In%202012%2C%20California %20voters%20adopted%20the%20nation%E2%80%99s%20hig hest,tax%20increases%20will%20be%20on%20the%20Nove mber%20ballot.) would charge a rate of 0.4% on net worth above $30 million.
As proposed, AB 2088 would tax former Californians 90% of their in-state levy in the first year after they leave the state, 80% in the second year until phasing out completely over a decade, the bill’s author, Assemblymember Rob Bonta (https://www.bizjournals.com/sanfrancisco/search/results?q=Rob%20Bonta), D-Oakland, told Fox Business Network anchor Neil Cavuto (https://www.bizjournals.com/sanfrancisco/search/results?q=Neil%20Cavuto) on Aug. 14.
Cavuto captured the likely mood of many wealthy Californians when he told Bonta, “Wait, whoa, whoa, whoa, whoa. Are you saying that after they move, they’ve left, you are still taxing them? They’re no longer California residents, you can’t legally do that.”
Bonta sees things differently.
“For 10 years, the wealth was accumulated during their time in California … and that is what we’re proposing in our bill. We believe that we can do that,” Bonta said. A summary of the wealth tax bill points out that the number of California millionaires and billionaires has climbed even after the state adopted the nation’s highest individual income tax rate of 13.3%. (California lawmakers are now considering raising that top rate to 16.8% (https://www.bizjournals.com/sanfrancisco/news/2020/07/30/california-s-proposed-retroactive-income-tax-hike.html).)
“Sounds like they’d be prisoners of California,” Cavuto said of the plan to tax former California residents (https://www.bizpacreview.com/2020/08/15/cavuto-clobbers-lawmaker-over-10-year-wealth-tax-required-to-leave-state-you-cant-legally-do-that-960553). “It hasn’t been just an exodus, it’s been a jailbreak.”

https://www.bizjournals.com/sanfrancisco/news/2020/08/18/will-affluent-residents-leaving-california-still-h.html

[BigKobeFan]

California is a shithole. Its only good for the unemployed like theman, rrr, highweight

[Patrick Chewing]

Californians love to suffer.

[Kblaze8855]

California is one of the most amazing places in the world. Certainly in North America. There is almost nothing you can’t do in California. Mostly due to its size and location but fact remains...California is pretty incredible. You have cities full of world class everything, the desert, mountains, amazing coasts, quiet little towns, and rivers, lakes, and massive tech companies all in one place. How many places can you see giant redwoods, post card picturesque mountains, beaches and coasts that look like cgi, and do everything from ski to scuba dive and find chefs or artists ranging whatever at the very top of their field no matter what the field is?

For all the shit talking about it there sure are a lot of people there and will be forever despite whatever you think would make people leave.

That said I’m still wondering how you practically apply a wealth tax in America. When it’s not cash....who determines how wealthy you are and comes to take a cut?

Does the state want one of your valuable assets? What if your wealth is largely art?


I’d like to read the actual plan to evaluate and take wealth in whatever form it comes. People rich enough would always have a way to get some liquid cash I’m sure but I just wanna read the specific plan to track it and collect.

[Shogon]

California is one of the most amazing places in the world. Certainly in North America. There is almost nothing you can’t do in California. Mostly due to its size and location but fact remains...California is pretty incredible. You have cities full of world class everything, the desert, mountains, amazing coasts, quiet little towns, and rivers, lakes, and massive tech companies all in one place. How many places can you see giant redwoods, post card picturesque mountains, beaches and coasts that look like cgi, and do everything from ski to scuba dive and find chefs or artists ranging whatever at the very top of their field no matter what the field is?

For all the shit talking about it there sure are a lot of people there and will be forever despite whatever you think would make people leave.

That said I’m still wondering how you practically apply a wealth tax in America. When it’s not cash....who determines how wealthy you are and comes to take a cut?

Does the state want one of your valuable assets? What if your wealth is largely art?


I’d like to read the actual plan to evaluate and take wealth in whatever form it comes. People rich enough would always have a way to get some liquid cash I’m sure but I just wanna read the specific plan to track it and collect.

Oh of course geographically California is absolutely ****ing amazing and pretty much everything in the world to do is there. But the people running things and the voting base are absolutely batshit off the rails crazy and it's only going to get worse and worse. Despite being a huge destination and huge tourist spot, they still can't meet their budget. They're a bunch of ****ups that believe in bigger and bigger government with virtually no stopping point. I was going to move to California but I ended up settling on another state instead. **** those guys.

If the state wasn't so incredibly blue with such incredibly shitty taxes, that's where I would have went. It was #1 on my list, weather and geography considered, after doing hours upon hours of looking into places to relocate.

[BigKobeFan]

California is one of the most amazing places in the world. Certainly in North America. There is almost nothing you can’t do in California. Mostly due to its size and location but fact remains...California is pretty incredible. You have cities full of world class everything, the desert, mountains, amazing coasts, quiet little towns, and rivers, lakes, and massive tech companies all in one place. How many places can you see giant redwoods, post card picturesque mountains, beaches and coasts that look like cgi, and do everything from ski to scuba dive and find chefs or artists ranging whatever at the very top of their field no matter what the field is?

For all the shit talking about it there sure are a lot of people there and will be forever despite whatever you think would make people leave.

That said I’m still wondering how you practically apply a wealth tax in America. When it’s not cash....who determines how wealthy you are and comes to take a cut?

Does the state want one of your valuable assets? What if your wealth is largely art?


I’d like to read the actual plan to evaluate and take wealth in whatever form it comes. People rich enough would always have a way to get some liquid cash I’m sure but I just wanna read the specific plan to track it and collect.

Canada does it by increasing a tax on luxury goods, such as a car over $50k. which is ridiculous.

[rawimpact]

As someone who grew up in costa mesa and my parents still live there I can say I am happy to be out of there.

I feel bad for my parents. They lived in the nicest area of Chicago (Barrington Hill Estates) and property tax rates and corruption pushed them out of there in the late 80s.

Moved to California where lawmakers have forced bullshit down their throats. raising taxes on gas, electricity etc. etc.

Then California provided tax incentives for electric vehicles like Tesla... those tax dollars are made up by a majority that can't even afford a Tesla in CA...

I remember going to Venice beach when it was clean and an actual tourist attraction. It's pretty much skid row now because the laws allow the homeless to setup almost permanent structures there. Don't even get me started about the permits there....

Anyways it would be easy to know who to look into for this wealth tax. The state already knows the assessed value of a home as well as money in interesting bearing accounts (1099-INT). If one year that state income tax stops coming in i'm sure an audit is in place.

[Kblaze8855]

Who to look into yes. I’m sure the government knows who is rich. What I’m wondering is how do you account for wealth which is usually abstract. A lot of things are wealth that you can’t exactly pay a percentage of. It being local not federal....do they create a mew small agency to evaluate abstract wealth and force people to liquidate it?

If I own a Picasso do you tax it at what I paid or what you “feel” it’s worth now? What happens when we disagree on its value? Does a wealthy by land value but real life middle class farmer owe on his net worth or his income? Obviously that wouldn’t be a factor if you set the minimum high enough but it does make you ask...what is rich?

I like to know the practical plan for such things.

[falc39]

Canada does it by increasing a tax on luxury goods, such as a car over $50k. which is ridiculous.

Curious- is that applied at the time you buy it?

This California tax proposal is obviously ridiculous and not even sure how it would be legal.

[BigKobeFan]

Curious- is that applied at the time you buy it?

This California tax proposal is obviously ridiculous and not even sure how it would be legal.

I was told it was like a sales tax.

[~primetime~]

Who to look into yes. I’m sure the government knows who is rich. What I’m wondering is how do you account for wealth which is usually abstract. A lot of things are wealth that you can’t exactly pay a percentage of. It being local not federal....do they create a mew small agency to evaluate abstract wealth and force people to liquidate it?

If I own a Picasso do you tax it at what I paid or what you “feel” it’s worth now? What happens when we disagree on its value? Does a wealthy by land value but real life middle class farmer owe on his net worth or his income? Obviously that wouldn’t be a factor if you set the minimum high enough but it does make you ask...what is rich?

I like to know the practical plan for such things.
A Picasso wouldn't be taxed unless you sell it, and there would be no disagreement on value because the value is what you sold it for.

Biden's plan is based around income, not net worth...he's going to hike taxes on those who make more than $400k...everyone below that level sees no tax hike.

[Kblaze8855]

Ok....say you’re rich off stock in a company. You have great wealth. Government wants its wealth tax so I guess you’re forced to sell. You now pay capital gains taxes on the withdrawal and then the wealth tax with what’s left. You pay taxes to liquidate your wealth to pay taxes with it....

If I sell land to pay my wealth tax...I pay taxes on the money from the land.



Feels like an extra layer for no good reason. The government gets its cut no matter what.

[starface]

Ok....say you’re rich off stock in a company. You have great wealth. Government wants its wealth tax so I guess you’re forced to sell. You now pay capital gains taxes on the withdrawal and then the wealth tax with what’s left. You pay taxes to liquidate your wealth to pay taxes with it....

If I sell land to pay my wealth tax...I pay taxes on the money from the land.



Feels like an extra layer for no good reason. The government gets its cut no matter what.


I thought you said you didn't mind throwing in some extra money so every illegal immigrant child can eat lunch or something?

They can chalk this up to paying for stuff like that, and you should have no complaints.

Right?

[Kblaze8855]

A Picasso wouldn't be taxed unless you sell it, and there would be no disagreement on value because the value is what you sold it for.

Biden's plan is based around income, not net worth...he's going to hike taxes on those who make more than $400k...everyone below that level sees no tax hike.

If I have a Picasso worth 50 million I’m wealthy even if I have no cash. Wouldn’t a wealth tax want a cut of the abstract value of my art? Isn’t that how it works. Someone decides on your wealth which is always abstract. Everything but legal tender is abstract bit cash is not the wealth of most rich people.

You would have to have someone deciding what this and that are worth wouldn’t you?

[Kblaze8855]

I thought you said you didn't mind throwing in some extra money so every illegal immigrant child can eat lunch or something?

They can chalk this up to paying for stuff like that, and you should have no complaints.

Right?


I don’t care about the government spending money on the poor even if some of it is fraud which is unavoidable.

And taxes don’t work like that anyway. They can say this goes there all they want it’s mostly just offsets not directed state income like say...an education lottery.

It goes into a pot then goes out to wherever. I don’t have to agree with all methods to fill the pot because I’m fine with where some of the money goes.

Besides I don’t care much about a wealth tax fundamentally I care about inefficiency and practical approaches. If you’re doing something I don’t wanna hear pie on the sky. I wanna read the plan and see how it works. I wouldn’t be the guy signing bills I had not read or understood. Show me how it works in the real world.

[~primetime~]

If I have a Picasso worth 50 million I’m wealthy even if I have no cash. Wouldn’t a wealth tax want a cut of the abstract value of my art? Isn’t that how it works. Someone decides on your wealth which is always abstract. Everything but legal tender is abstract bit cash is not the wealth of most rich people.

You would have to have someone deciding what this and that are worth wouldn’t you?
Yeah I don't think Biden has a wealth tax like that in mind...how something like that would be implemented would probably be very complicated.

[tpols]

Yeah I don't think Biden has a wealth tax like that in mind...how something like that would be implemented would probably be very complicated.

not really that complicated... it's whatever it would sell for at the current time. There are computer simulation models that could easily calculate a median value.

[~primetime~]

not really that complicated... it's whatever it would sell for at the current time. There are computer simulation models that could easily calculate a median value.
I meant collecting the tax...if one owns a Picasso and can't pay the tax on the estimated value, are they forced to sell the painting?...It would probably work like an inheritance tax, and some states have that...so I'm sure this scenario actually happens

[tpols]

I meant collecting the tax...if one owns a Picasso and can't pay the tax on the estimated value, are they forced to sell the painting?...It would probably work like an inheritance tax, and some states have that...so I'm sure this scenario actually happens

If somebody owns a picasso they definitely have enough money and capital to pay off a small tax on it. But I see what you're saying smart (greedy) super rich people would just stash their cash somewhere offshore, and keep most of their wealth in assets so they could be like "look, i cant afford the tax!" when really they're just being scumbags and gaming the system... fraud basically.

[Kblaze8855]

Wanted to get to a computer to respond to this....


If the state wasn't so incredibly blue with such incredibly shitty taxes, that's where I would have went. It was #1 on my list, weather and geography considered, after doing hours upon hours of looking into places to relocate.


Im not saying there arent downsides to being in Cali...what im saying is people are so quick to say things like its a shithole and complain like its terrible somehow and compared to most of America it just feels disingenuous. The blue states...blue areas of red states even? Theres a reason those are population centers.

Almost everywhere you can think of to go....is blue. Yes there are those who dont like Cali...New York...will talk about crime stats in Chicago. But guess what?

Nobody ever said "You know what? Im moving to Alabama! Thats where the action is!".

Purple states/swing states? Generally decent. Blue states? The entire north east and Cali. Places we all know we would want to land over damn North Dakota. Look at the steady red states the last 30 years.

Alabama
Mississippi
Louisiana
South Carolina
North and South Dakota
Georgia
Nebraska
Oklahoma
Wyoming
Idaho

And on and on.

Then you have Texas which is clearly significant...but not Houston, Dallas, Austin, or San Antonio. They all went blue. 35ish of the top 50 cities in America have blue mayors and half of the rest are super moderate republicans in states that often lean blue.

Red vs blue location wise is pretty much every iconic non natural park place in the Nation....and then big empty places you dont wanna live. Wyoming is absolutely beautiful in pictures.

Less people live there than live in upstate SC. The greater Greenville area has more people than Wyoming.

Nebraska...ok. Theres corn. Im sure something else I dont know. It sure as hell isnt where you wanna spend a month exploring. And even in red states the places you would usually wanna go are blue or purple.

The people in Greenbow Alabama and Boonville Idaho can talk all the shit they want about Cali and New York...if Aliens show up and have to decide on the capital of Earth on which to present themselves New York is on the short list(though I assume somewhere in Asia would win).

There are 300 billionaires between NY and Cali but we hear about them being inhospitable to business and chasing off tax payers...

We hear about how those places are whats wrong with America. Cali paid 250 billion in federal taxes by far the most in the country. Obviously some business is going on.

The big blue states are the rich crazy uncle funding the family and having shit talked behind their back as if anyone wants to go live with aunt West Virginia or cousin Kentucky.

Yea....there are homeless people. Lot of them. Because there are more people period...and because incredible sums of money flying around make the rent too high.

You'll never see 200 homeless people in the same place in Possum Kingdom South Carolina(real place...ive been there) because there arent 200 people in possum kingdom. Cant say that about LA. Put 19 million people anywhere a lot of them will be doing poorly.

Big cities create big issues but they are big for a reason. Shit is going on. Jobs are there. Opportunity. Resources and infrastructure.

Leeds Kansas might have a higher ______ rating but guess what? Given that information people still dont move there because thats Kansas and its ****ing boring.

The places people would think to go....people recognize things about?

Generally blue. The places 200 miles away you never heard of...thats red.

Im sure Rome at its height was a shithole in places worse than the surrounding picturesque countryside with clean water and less stress.

But you dont even know the names of those places because nothing worth recording in history happened there.

California is one of the greatest places on earth. Its beautiful, varied, and significant. The taxes are too high. There are issues. There are issues everywhere. The more people the bigger the potential issues....but the people are there for a reason. An awful lot of it is proximity to water like most great cities of the world spring up near oceans or rivers if available. These giant cities and great places arent great because they are blue. That isnt the point. They are great because for whatever reason they attract people and that attracts business and significant people.

The people in the trailer parks talk shit about them but im not joining them in Bismark and Arkansas.

If thats the life you want im not gonna judge. Me? I like nice restaurants and things to do too much. I travel through Alabama to get to where im going. Im damn sure not going TO Alabama.

[rmt]

A Picasso wouldn't be taxed unless you sell it, and there would be no disagreement on value because the value is what you sold it for.

Biden's plan is based around income, not net worth...he's going to hike taxes on those who make more than $400k...everyone below that level sees no tax hike.

If Biden gets rid of the Trump tax cut, even middle class families will pay more taxes - family of 4 making $73k will pay $2k more in taxes (these are 2019 figures).

Thanks to tax reform, middle class families are seeing increased take-home pay:
A family of four with annual income of $73,000 (median family income) will see a tax cut of more than $2,058, a 58 percent reduction in federal taxes.
A single parent with one child with annual income of $41,000 will see a tax cut of $1,304, a 73 percent reduction in federal taxes.
Married small business owners with annual income of $100,000 will see a tax cut of $2,603, a 24 percent reduction in federal taxes.

https://www.atr.org/10-facts-media-won-t-tell-you-about-gop-tax-cuts

Harris said on day one, they are gonna get rid of Trump tax cut - so expect your taxes to go up.

[Rocket]

I feel sorry for any sane people left in the Peoples Republic of California. The weather and scenery are great but years of unchecked batshit crazy leftism has turned the state into a cesspool. As people leave the state to move to other states I certainly hope they realize what has caused California's demise and vote the other way in their new states.

[~primetime~]

If Biden gets rid of the Trump tax cut, even middle class families will pay more taxes - family of 4 making $73k will pay $2k more in taxes (these are 2019 figures).

Thanks to tax reform, middle class families are seeing increased take-home pay:
A family of four with annual income of $73,000 (median family income) will see a tax cut of more than $2,058, a 58 percent reduction in federal taxes.
A single parent with one child with annual income of $41,000 will see a tax cut of $1,304, a 73 percent reduction in federal taxes.
Married small business owners with annual income of $100,000 will see a tax cut of $2,603, a 24 percent reduction in federal taxes.

https://www.atr.org/10-facts-media-won-t-tell-you-about-gop-tax-cuts

Harris said on day one, they are gonna get rid of Trump tax cut - so expect your taxes to go up.

"Biden says his plan will not raise taxes on Americans earning less than $400K per year, according to fact-checkers" https://twitter.com/i/events/1314060544765165569?s=09

[ZenMaster]

"Biden says his plan will not raise taxes on Americans earning less than $400K per year, according to fact-checkers" https://twitter.com/i/events/1314060544765165569?s=09


https://www.youtube.com/watch?v=W3IBjYaQgAs&ab_channel=TheNewsJunkie%27sCartoons


https://www.youtube.com/watch?v=a2rJr7pntqQ&ab_channel=AmericansforTaxReform

[rmt]

"Biden says his plan will not raise taxes on Americans earning less than $400K per year, according to fact-checkers" https://twitter.com/i/events/1314060544765165569?s=09

I am referring to Biden getting rid of Trump's tax cuts - Biden and Harris have said that on day 1, they will get rid of Trump's tax cuts (which cut average family of 4 tax by $2k). If this happens, almost everyone including those making less than $75k will be paying more taxes.

[rmt]

https://www.youtube.com/watch?v=W3IBjYaQgAs&ab_channel=TheNewsJunkie%27sCartoons


https://www.youtube.com/watch?v=a2rJr7pntqQ&ab_channel=AmericansforTaxReform

Yep - I forgot about the individual mandate (that's 2.5% of household income), carbon tax, capital gains tax (40% instead of 0/15/20% depending on income bracket) in addition to repealing Trump's tax cuts (avg $2k).

[~primetime~]

I am referring to Biden getting rid of Trump's tax cuts - Biden and Harris have said that on day 1, they will get rid of Trump's tax cuts (which cut average family of 4 tax by $2k). If this happens, almost everyone including those making less than $75k will be paying more taxes.

read all the follow ups...he is replacing Trump's tax reform with his own that will NOT raise taxes on anyone who makes less than $400k

[~primetime~]

https://www.investopedia.com/explaining-biden-s-tax-plan-5080766

^^^ there is a break down of Biden's tax plan

[Shogon]

Wanted to get to a computer to respond to this....




Im not saying there arent downsides to being in Cali...what im saying is people are so quick to say things like its a shithole and complain like its terrible somehow and compared to most of America it just feels disingenuous. The blue states...blue areas of red states even? Theres a reason those are population centers.

Almost everywhere you can think of to go....is blue. Yes there are those who dont like Cali...New York...will talk about crime stats in Chicago. But guess what?

Nobody ever said "You know what? Im moving to Alabama! Thats where the action is!".

I just moved from a red state last election to a blue state this election so you don't have to lecture me on red vs blue. Blue is ok... ultra blue is not. California is just too far gone and their shitty policies have produced the ramifications that they always would. California is probably at the point where it's damn near undeniably the worst run state in the union. And why's that? Because it is so incredible blue. Blue is ok. Ultra blue is not. Look at New York City? It's rapidly becoming an abandoned shit hole under blue leadership despite having so many amazing things going for it. But New York has problems that also extend beyond governance, I will concede that.


Purple states/swing states? Generally decent. Blue states? The entire north east and Cali. Places we all know we would want to land over damn North Dakota. Look at the steady red states the last 30 years.

Alabama
Mississippi
Louisiana
South Carolina
North and South Dakota
Georgia
Nebraska
Oklahoma
Wyoming
Idaho

And on and on.

Then you have Texas which is clearly significant...but not Houston, Dallas, Austin, or San Antonio. They all went blue. 35ish of the top 50 cities in America have blue mayors and half of the rest are super moderate republicans in states that often lean blue.

Red vs blue location wise is pretty much every iconic non natural park place in the Nation....and then big empty places you dont wanna live. Wyoming is absolutely beautiful in pictures.

You say big empty places I don't want to live but I'm heavily considering relocating to somewhere like Maine's northern most points sitting on 100 acres with nobody to hear the screams.

[Shogon]

Yea....there are homeless people. Lot of them. Because there are more people period...and because incredible sums of money flying around make the rent too high.

That's bullshit. There are a lot of homeless there because the policies are friendly to them and because the weather is good. It's not because the rent is too damn high. They could have just moved. And if you can't afford a couple of tanks of gas to relocate and start over, you were always going to end up homeless anyways.


You'll never see 200 homeless people in the same place in Possum Kingdom South Carolina(real place...ive been there) because there arent 200 people in possum kingdom. Cant say that about LA. Put 19 million people anywhere a lot of them will be doing poorly.

Big cities create big issues but they are big for a reason. Shit is going on. Jobs are there. Opportunity. Resources and infrastructure.

Leeds Kansas might have a higher ______ rating but guess what? Given that information people still dont move there because thats Kansas and its ****ing boring.

Well you're right about bigger cities having bigger homeless population sizes by default but, weather aside, it's predominantly the government policy that leads to such things. Florida is very bum friendly in terms of climate, not quite as friendly as parts of Cali, but still friendly... and there is no where near that type of problem in ANY of the cities in Florida. Yes, there are issues, but nothing on that scale. It's at least half the government's fault/doing.


California is one of the greatest places on earth. Its beautiful, varied, and significant. The taxes are too high. There are issues. There are issues everywhere. The more people the bigger the potential issues....but the people are there for a reason. An awful lot of it is proximity to water like most great cities of the world spring up near oceans or rivers if available. These giant cities and great places arent great because they are blue. That isnt the point. They are great because for whatever reason they attract people and that attracts business and significant people.

California is one of the greatest places on Earth but a significant portion of the people are pretty detached from reality and, as a result, so is their government.


If thats the life you want im not gonna judge. Me? I like nice restaurants and things to do too much. I travel through Alabama to get to where im going. Im damn sure not going TO Alabama.

You can get nice restaurants and things to do in places besides California... the people in California are NOT what makes California special, lol... the thing about Cali that can't be replaced is that certain parts of it typically stay VERY comfortable, relatively speaking, in terms of weather. And it's one of those few places that is a short drive from nice beaches, mountains, and everything in between.

[ZenMaster]

read all the follow ups...he is replacing Trump's tax reform with his own that will NOT raise taxes on anyone who makes less than $400k

Do you know what has changed in his reform proposal since he said everyone's taxes will be raised? It must be a major thing.

[Norcaliblunt]

I remember going to Venice beach when it was clean and an actual tourist attraction.



Lol Wtf

Venice has always been a ghetto freak show circus San Francisco on the beach kind of place. Shits been a hood for forever. In fact the last few years people were starting to complain it had become too nice with all the tech companies moving in. But homeless in Venice has always been a thing.

[rawimpact]

Lol Wtf

Venice has always been a ghetto freak show circus San Francisco on the beach kind of place. Shits been a hood for forever. In fact the last few years people were starting to complain it had become too nice with all the tech companies moving in. But homeless in Venice has always been a thing.

I'm not talking about a freak show circus. Obviously places with tourists are going to have some scum looking to make money. I'm referring to homelessness, like tent cities like skid row.

[Long Duck Dong]

Bill Maher on California taxes 3 days ago with Adam Schiff. Schiff slips up and admits California is no longer the "Golden State" :oldlol:.


https://youtu.be/W2hIUY6hEmk

I wonder why it's not great anymore. Hmmm. What's changed in the last 30 years or so?

Make California Golden again

[Nanners]

https://www.investopedia.com/explaining-biden-s-tax-plan-5080766

^^^ there is a break down of Biden's tax plan

Increasing the corporate tax rate from 21 to 28% is a TERRIBLE idea, and it will utterly devastate any of the small businesses that manage to survive the covid lockdowns.

Giant corporations like Apple and Google who can theoretically afford a tax hike like this will not pay an extra penny, they will just continue to hide their income overseas like they have been doing for years.... meanwhile, the small businesses that cannot afford to setup a corporate headquarters in Ireland or whatever will lose a flat 7%... brutal.