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  #1    
Old 08-08-2008, 11:13 PM
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Default The California Wealth Tax...
Fucking unreal....
Quote:
SECTION 2. The people of the State of California find and declare all of the following :

(a) The concentration of private wealth in the hands of the few is inconsistent with the tenets of a democratic society.

(b) Staggering sums of wealth have come to be concentrated in the hands of a tiny percentage of the population coinciding with growing poverty for tens of millions of persons, declining living standards and worsening economic security for tens of millions more.

(c) There has been, in recent decades, a massive shift in wealth and income from the poor and middle class to the rich and wealthy. The process by which the targets of this initiative acquired their wealth in the first instance was the most radical transfer of wealth in American history, and this measure is a modest attempt to redress the increasingly dangerous imbalances that this concentration of social power has created.
Get this...
Quote:
The monies in this fund would be used to acquire a majority interest in outstanding voting common stock of various petroleum, automotive, and financial companies, as well as for other environmental protection-related purposes.
Money from the new taxes, estimated by the state director of finance to be "in the low hundreds of billions," that would be used by the state to buy a majority interest in ExxonMobil, ConocoPhillips, Chevron, General Motors and Ford
That's what we need! The state controlling business because they've done such a wonderful job controlling the budget!

Want more?...
Quote:
The initiative would impose a one-time 45 percent tax on the value of all property exceeding $40 million held by a California resident or owned in California by a nonresident. It also puts another tax, (ranging from 26 percent to 44 percent) on property worth more than $5 million when a resident dies or leaves California. Those with an annual income of $150,000 or more would pay an additional 17.5 percent tax, increasing to 35 percent for those making more than $1 million.
Please note the underlined. Now, if you're wealthy and you try to move....The state will tax your ass.

Initiative 07-0029 The McCauley -Rooker Wealth Tax and Oceans Preservation Act
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Old 08-09-2008, 02:18 AM
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i think they have good intentions...to spread out wealth a little and make the rich ones reach into their pockets a little deeper...cuz they can...and to help the middle to lower class people. its maybe not the best way to go about it...but i understand the intent
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Old 08-09-2008, 08:14 AM
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Originally Posted by sarah22 View Post
i think they have good intentions...to spread out wealth a little and make the rich ones reach into their pockets a little deeper...cuz they can...and to help the middle to lower class people. its maybe not the best way to go about it...but i understand the intent
do you really understand the intent? after bringing the richest state in the union to the brink of bankruptcy, our government is attempting to reach a little further into the pockets of its citizens to make up for its own mismanagement. under the guise of protecting the environment and aiding the poor, these bureaucratic louts are trying to fund their do-nothing social programs and open door immigration policies by raping their citizens and taking control of those businesses they have painted as evil. the intent is not to spread the wealth, but to consolidate control within the corrupt halls of government and strip the people of their rewards for the risk and effort involved in succeeding in a state that is already far from business friendly. they are essentially saying, "go ahead and work your ass off, but we're gonna take half of it as soon as you're done".

the result of such legislation is obvious, the mass exodus of private wealth from the state and the creation of a socialist welfare state in what was once a thriving economy. after decades of wasting taxpayer money on nanny state regulations and welcoming every illegal alien criminal with open arms through the creation of sanctuary cities and "don't ask - don't tell" type policies, we are now being told that these excesses must be supported by stripping our citizens of the right to excel. we have been told that immigrant labor is essential, while our own poor either languish or are supported by the state. we have been told that our own sacrifice is needed, while government freely spends in order to expand its own popularity among the influx of the poor and to increase its own wealth. we are now being told that success is unacceptable and that mediocrity is demanded.

after living in this state my entire life, i have watched as the last vestiges of fiscal conservatism have been invaded and overwhelmed by the rabid forces of government waste and the overflow of poverty from our neighbors to the south. i have watched as the movements for freedom and individuality have been usurped by those who desire only the power to control our population and their ideals twisted by totalitarian puppets. there is little hope of a turnaround, get out while you can.
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Old 08-09-2008, 11:10 AM
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get out while you can.

My mom told her family, all 7th generation Cali residents at the time, the same thing, back round '95. Right after she sold her small business and fled.....
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Old 08-09-2008, 11:14 AM
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What a great Idea!!! ~LOL~LOL~LOL~LOFLMAO~ Fuck them rich bitches, payback time.
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Old 08-09-2008, 11:22 AM
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Take a look at the legislation ...

Fascism to the core.

Vi
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Old 08-09-2008, 11:24 AM
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Libs Only Fucking Love Man Always Oppressed?
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Old 08-09-2008, 11:30 AM
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Go to the site provided by Dave and print it out. Everyone read it. Unbelievable!

Here's my prediction ... The people with assets protect those assets. You can bet that prior to this legislation passing, assets held in Commiefornia will be moved out of state before this becomes law.

California ... it was nice knowing you.


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Last edited by ViRedd; 08-09-2008 at 11:34 AM..
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Old 08-09-2008, 11:32 AM
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Originally Posted by ccodiane View Post
Libs Only Fucking Love Man Always Oppressed?
What are you trying to say. You're so pissed off you're foaming at the mouth,~LOL~.
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Old 08-09-2008, 11:33 AM
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Quote:
Originally Posted by ViRedd View Post
Go to the site provided by Dave and print it out. Everyone read it. Unbelievable!

Vi
Hey Vi, there goes the yacht,~LOL~.
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