Posted by Tina Grazier
A republican website posted this excerpt from an article in the LA Times:
States Voters Agreeable To New Tax
Despite widespread taxpayer aversion to new taxes, there is one that most Californians don’t seem to mind: the one that they don’t have to pay. Supporters of a measure on the November ballot are seizing on the sentiment to push for a vast expansion of services for the mentally ill. Their plan is to let millionaires pay the bill. And, so far, judging by polls, it is proving to be quite effective. The proposal targets a small group of taxpayers for one of the largest state tax hikes in recent history.
Theres only one problem, if I heard Newt Gingrich correctly today on Sean Hannitys program when he said that:
HALF OF CALIFORNIAS DEFICIT CAN BE ATTRIBUTED TO THE FACT THAT MILLIONAIRS HAVE LEFT THE STATE DUE TO HIGH TAXES.
And thats the problem with punishing taxation. People change behaviors. The best way to ensure money continues to flow into government coffers is by making policy that doesnt overburden or restrict people. A punishing tax policy drives people away…and they take money and jobs with them.