Liberty. It’s a simple idea, but it’s also the linchpin of a complex system of values and practices: justice, prosperity, responsibility, toleration, cooperation, and peace. Many people believe that liberty is the core political value of modern civilization itself, the one that gives substance and form to all the other values of social life. They’re called libertarians.
Tuesday, November 13, 2012
More Californians Will Flee State After Recent Tax Increases
California Gov. Jerry Brown on Sunday said California would start a
tax-increase wave across the nation, but recent history suggests
California's tax increases will only accelerate the number of people who
will leave California to other states with better tax climates.
When asked whether California was going to start a "tax-increase sweep" across the nation on CNN's "State of the Union," Brown agreed.
He said more people nationally will have to "share" more of the wealth they "extracted" to fund "collective" government.
But a Manhattan Institute study released
in September found excessive regulations and high taxes forced business
and California residents to flee the state en masse since 1990 to more
economically friendly states like Texas.
study found that 225,000 California residents are leaving the state per
year, and most of the “destination states favored by Californians have
Tuesday, Californians approved Proposition 30, which was Brown's plan
to raise rates on incomes above $250,000, with those making over $1
million having to pay a top marginal state income tax rate of 13.3%,
which is the highest such rate of any state. Voters also approved of a
statewide sales-tax increase.
Democrats also now have a supermajority in the state legislature,
which means they can pass more tax increases. Proposition 13 amended
the state Constitution to require a two-thirds majority in both houses
of the state legislature for any increase in taxes.
in Carmel-by-the-Sea, where Clint Eastwood served as mayor, voted to
increase the sales tax by one- cent for 10 years, which will be used to
fund pensions and capital projects like maintaining streets. Voters in
Healdsburg and Santa Clara County approved of half-cent sales-tax
municipalities whose residents voted for sales-tax increases include:
Fresno, Marin, Napa, and Santa Clara counties and the cities of Albany,
Capitola, Culver City, Moraga, Orinda, Salinas, Vacaville and Williams.
more people who actually pay taxes in California begin leaving the
state at a faster rate, California and its municipalities will have
trouble finding enough people to tax and attracting business
and entrepreneurs to the state.