I don’t get why it’s “blue states.” Plenty of people in all states would love to see the wealthy and the corporations pay their fair share of taxes to keep this nation running efficiently and able to provide for the common good.
Trump cut taxes on the wealthiest among us and thereby increased the national debt by over 7 TRILLION dollars. And he had promised to eliminate the deficit.
US Rep. Chip Roy says he’ll use debt ceiling threat to push through his border security planJan. 25, 2023WASHINGTON — U.S. Rep. Chip Roy said he will employ brinkmanship over the federal debt ceiling debate — threatening to allow the U.S. to default on its loans — to push through his border security plan that has been criticized by members of his own party for being too extreme.
A dozen European countries had a wealth tax in 1990, but most abandoned them because they were ineffective and expensive to administer. In part, the taxes failed to raise much revenue because wealthy individuals easily moved their assets across borders to avoid taxation. Norway and Switzerland still have it, and I think Belgium and/or Spain. The rates in those countries vary but are generally well under 1%. The rate is relatively low compared to what Bernie and Liz Warren typically propose, which is as high as 5-6%. CA is proposing 1.5% on WORLDWIDE wealth, so they believe they can tax my yacht and villa in the Riviera because I live in Monterey for 6 months a year. I don’t imagine that will hold legal water, so it’s not a solution to preventing people from moving assets out of CA. And why should I be taxed on the original Edward Hopper I purchased, every year, even though I permanently loaned it to the MFA in Boston?
At least some Libs are finally recognizing there is a difference between income and assets. Mostly they just tantrum for higher income taxes on ‘the rich’ without insight that a rich person may have no, or little, income.
And yet the Blue States are the ones supporting the Red States with federal assistance. Then again, nobody ever accused Loony Lisa of being an economics expert.
Richie Rich protectionism here plain and simple. Keep the IRS expansion, start auditing more high earners than middle class, drop the SSI cap for high earners and raise the capital gains tax back to where it is equitable with wage taxation. Then we can talk.
I notice that the donkeys are in a sailing ship and the rich folks are in a motor yacht. It’s almost as if Lisa is trying to say “Stupid poor people, the rich are always going to beat you”.
ncrist over 1 year ago
I sure hope so
LVObserver over 1 year ago
Unconstitutional – never happening. Cannot stop freedom of movement between states.
Say What Now‽ Premium Member over 1 year ago
Don’t worry Lisa, the repubs will save those poor rich people! They’ll cut social welfare programs in order to afford them not paying their taxes.
Daeder over 1 year ago
It would be so evil for everyone to have to pay their fair share! Derp!
Much better to let the rich parasites live off everyone else’s hard work. /s
GOGOPOWERANGERS over 1 year ago
Sad to see common sense go down the drain
DC Swamp over 1 year ago
Keep taxing liberal states! The exodus continues!
stealth694 over 1 year ago
ROFL,, How many Politicians, Red or Blue are Rich, and will be effected by this law? Not to mention their Campaign Donators.
Durak Premium Member over 1 year ago
Lisa is ok with the rich taxing the poor to into serfdom.
Johnnyrico over 1 year ago
So, if you leave California, move to Texas and establish residency there….How is it than California can still tax you? How does that work?
RitaGB over 1 year ago
I don’t get why it’s “blue states.” Plenty of people in all states would love to see the wealthy and the corporations pay their fair share of taxes to keep this nation running efficiently and able to provide for the common good.
suzalee over 1 year ago
Trump cut taxes on the wealthiest among us and thereby increased the national debt by over 7 TRILLION dollars. And he had promised to eliminate the deficit.
Durak Premium Member over 1 year ago
How is it unreasonable to tax the people with the money? Especially all those people whose money makes more money for them? How is that a bad thing?
The Nodding Head over 1 year ago
Oligarchy is good?
studiotyler over 1 year ago
Don’t worry, Lisa- remember, you’re a cartoonist. You’ll NEVER be in danger of getting hit by wealth taxes.
davidthoms1 over 1 year ago
Give me one good reason the rich should pay less, percentage wise, on their income than poor and working people?
VKent over 1 year ago
Top 1% pay 42.3 of all Federal Income Tax. Just saying.
Valiant1943 Premium Member over 1 year ago
And those moneys are spent on the poor in red states
ladykat over 1 year ago
It’s about time the rich paid their fair share!
fusilier over 1 year ago
Skull-and-crossbones is flying from the wrong vessel.
Why am I not surprised?
fusilier
James 2:24
Masterskrain Premium Member over 1 year ago
ABOUT DA** TIME, TOO!!!
Radish the wordsmith over 1 year ago
You have to tax the rich, they are the only people who have any money.
WaitingMan over 1 year ago
Democrats support tax increases for people living in luxury.
Republicans support tax increases for people living in poverty.
Radish the wordsmith over 1 year ago
Republicans plan to hold the USA hostage.
US Rep. Chip Roy says he’ll use debt ceiling threat to push through his border security planJan. 25, 2023WASHINGTON — U.S. Rep. Chip Roy said he will employ brinkmanship over the federal debt ceiling debate — threatening to allow the U.S. to default on its loans — to push through his border security plan that has been criticized by members of his own party for being too extreme.
BB71 over 1 year ago
Without red states, blue states don`t eat.
guyjen2004 Premium Member over 1 year ago
A dozen European countries had a wealth tax in 1990, but most abandoned them because they were ineffective and expensive to administer. In part, the taxes failed to raise much revenue because wealthy individuals easily moved their assets across borders to avoid taxation. Norway and Switzerland still have it, and I think Belgium and/or Spain. The rates in those countries vary but are generally well under 1%. The rate is relatively low compared to what Bernie and Liz Warren typically propose, which is as high as 5-6%. CA is proposing 1.5% on WORLDWIDE wealth, so they believe they can tax my yacht and villa in the Riviera because I live in Monterey for 6 months a year. I don’t imagine that will hold legal water, so it’s not a solution to preventing people from moving assets out of CA. And why should I be taxed on the original Edward Hopper I purchased, every year, even though I permanently loaned it to the MFA in Boston?
piper_gilbert over 1 year ago
Taxes are for little people. Ask Kyrsten Sinema.
ShadowMaster over 1 year ago
Do the rich remember the French Revolution?
Kurtass Premium Member over 1 year ago
The ones that can most afford to pay taxes, cry the loudest about paying taxes. Unpatriotic deadbeat snowflakes.
librarylady59 over 1 year ago
Blue high-tax states fund red low-tax states, 2017
https://www.foxbusiness.com/markets/ap-fact-check-blue-high-tax-states-fund-red-low-tax-states
Most & Least Federally Dependent States, 2022
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700
Who Gives and Who Gets?Explore the Balance of Payments between States and the Federal Government, 2022
https://rockinst.org/issue-areas/fiscal-analysis/balance-of-payments-portal/
State bailouts and federal spending: Which states give, and which receive?, 2020
https://www.cbsnews.com/news/state-bailouts-federal-spending-give-receive/
Holden Awn over 1 year ago
At least some Libs are finally recognizing there is a difference between income and assets. Mostly they just tantrum for higher income taxes on ‘the rich’ without insight that a rich person may have no, or little, income.
DrDon1 over 1 year ago
Lisa Benson — ‘Champion of the Uptrodden and Overdogs!’
Addled Brain over 1 year ago
It’s about time the rich paid their fair share to support the Country that has done so much and provided such great opportunity for them.
Drgnslr Premium Member over 1 year ago
Has anybody ever said what they were going to use the taxes collected for? Just wondering why they need the extra money.
Patjade over 1 year ago
And yet the Blue States are the ones supporting the Red States with federal assistance. Then again, nobody ever accused Loony Lisa of being an economics expert.
Free Radical over 1 year ago
Richie Rich protectionism here plain and simple. Keep the IRS expansion, start auditing more high earners than middle class, drop the SSI cap for high earners and raise the capital gains tax back to where it is equitable with wage taxation. Then we can talk.
DrPawl over 1 year ago
I notice that the donkeys are in a sailing ship and the rich folks are in a motor yacht. It’s almost as if Lisa is trying to say “Stupid poor people, the rich are always going to beat you”.
Rich Douglas over 1 year ago
As it should be. It’s time for them to pay their fair share.
Up Your's over 1 year ago
Hopefully along with the blue addresses they abandon their blue voting habits.
sedrelwesley2 Premium Member over 1 year ago
heaven forbid! that 30% national sales tax ought to teach them there hoi polloi!!!
chancetoigo over 1 year ago
The rich always weasel out of paying their fair share, TRUMP!
washatkc Premium Member about 1 year ago
Only a liberal communist would think they own a person and there money,