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Politics : American Presidential Politics and foreign affairs
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From: pcstel11/8/2012 2:38:40 PM
2 Recommendations  Read Replies (2) of 71588
 
California Proposition 30

A mandate from the masses to tax the rich?

Perhaps, actually a clever tactic to get the Proposition passed while taxing everyone equally.

The basis of Proposition is that the bulk of the revenue will come via taxation of the rich (upper 1%).

However, the rich, like those on the lower portion of the income range always find loopholes and dodges around punitive taxing schemes, or entitlement requirements. The amount of infrastructure required by the government to prevent wide scale abuse on both the high-end and low-end is too costly and onerous to actually police.

The liberals claim that it is the rich who's moral values should dictate that they not employ simple accounting tactics to avoid paying the higher tax rate, while a blind eye should be turned on the lower portion of the income range that employ similar strategies to enjoy the fruits of entitlement.

In this case, Californian's choose to vote to tax the 1% of the population at a higher rate than the other 99%. While in reality, those that are in the target 1% group, are the most financially capable of devising legal schemes to avoid payment of the extra tax entirely.

The end game is that what we end up with is a simple increase of the state sales tax which whose impact will be shared equally amongst all income brackets.

A situation that some believe that would not have passed, if California had simply proposed raising the "sales tax" across the board, without the "tax the rich scheme" added in.

PCSTEL
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