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🚨 WASHINGTON’S SOCIALIST NIGHTMARE EXPLODING! Voters are about to REPEAL the insane “Millionaires Tax” — and the rats are already fleeing the sinking ship! 💰 55% of WA business leaders say they’re eyeing the exits. Governor Bob Ferguson rammed through a brutal 9.9% tax on income over $1M… and...

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🚨 BREAKING: Washington Democrats just RAMMED through their FIRST-EVER income tax (9.9% on millionaires)... and BOOM—Starbucks billionaire Howard Schultz yanks his family to sunny, tax-free Florida the SAME DAY! ☕🌴 Corporate ops fleeing to Nashville too. This is what happens when you tax success: The golden geese fly away. Blue state suicide in real time! Who's next? #WealthExodus #TaxTheRichFail #DemocratDisaster
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🚨 BREAKING: Washington Democrats just RAMMED through their FIRST-EVER income tax (9.9% on millionaires)... and BOOM—Starbucks billionaire Howard Schultz yanks his family to sunny, tax-free Florida the SAME DAY! ☕🌴 Corporate ops fleeing to Nashville too. This is what happens when you tax success: The golden geese fly away. Blue state suicide in real time! Who's next? #WealthExodus #TaxTheRichFail #DemocratDisaster

Reverend Jordan Wells

105,716 Aufrufe • vor 5 Monaten

🚨 JUST IN: Missouri voters are preparing to storm the polls to ABOLISH the state income tax FULLY on August 4th This is a no-brainer! Missouri is about to go the way of Florida and should do PROPERTY TAXES next 🔥 GOV. MIKE KEHOE: "Look at New York. People are dying to get out of what's happening in that socialist state and that socialist town now!" 💯 "Many states are looking at this policy because they've seen the growth and success of states with the no income tax policies right now." Lara Trump
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🚨 JUST IN: Missouri voters are preparing to storm the polls to ABOLISH the state income tax FULLY on August 4th This is a no-brainer! Missouri is about to go the way of Florida and should do PROPERTY TAXES next 🔥 GOV. MIKE KEHOE: "Look at New York. People are dying to get out of what's happening in that socialist state and that socialist town now!" 💯 "Many states are looking at this policy because they've seen the growth and success of states with the no income tax policies right now." Lara Trump

Eric Daugherty

48,388 Aufrufe • vor 1 Monat

Democrat morons in Washington state advanced their millionaires tax, which taxes people making over $1 million at 9.9% on anything above that threshold. Former Starbucks CEO Howard Schultz announced that he and his wife are moving from Seattle to Florida after more than four decades in the city. Many more rich people will follow. So not only will Washington fail to get the additional tax revenue it wanted, it will actually lose tax revenue. Well done, you Democrat morons. (king5news on TT)
1:03

Democrat morons in Washington state advanced their millionaires tax, which taxes people making over $1 million at 9.9% on anything above that threshold. Former Starbucks CEO Howard Schultz announced that he and his wife are moving from Seattle to Florida after more than four decades in the city. Many more rich people will follow. So not only will Washington fail to get the additional tax revenue it wanted, it will actually lose tax revenue. Well done, you Democrat morons. (king5news on TT)

Paul A. Szypula 🇺🇸

281,266 Aufrufe • vor 5 Monaten

🚨 EVEN JAMIE DIMON & WALL STREET ARE SOUNDING THE ALARM: JPMorgan CEO just warned that Socialist NYC Mayor Zohran Mamdani’s radical anti-business policies are DRIVING wealth, jobs, and companies OUT of the city. No surprise. “Tax the rich,” crush businesses, sky-high regulations, and open borders = businesses and billionaires fleeing to Texas and red states while New Yorkers get crushed with crime, taxes, and failing services. This is the predictable result of socialist governance. The golden geese are flying away. New Yorkers: You voted for this. Enjoy the collapse.
3:54

🚨 EVEN JAMIE DIMON & WALL STREET ARE SOUNDING THE ALARM: JPMorgan CEO just warned that Socialist NYC Mayor Zohran Mamdani’s radical anti-business policies are DRIVING wealth, jobs, and companies OUT of the city. No surprise. “Tax the rich,” crush businesses, sky-high regulations, and open borders = businesses and billionaires fleeing to Texas and red states while New Yorkers get crushed with crime, taxes, and failing services. This is the predictable result of socialist governance. The golden geese are flying away. New Yorkers: You voted for this. Enjoy the collapse.

Gunther Eagleman™

56,759 Aufrufe • vor 3 Monaten

NY’S $111 BILLION NIGHTMARE: 11K Jobs Just Fled NYC for Texas — Thanks to Mamdani’s Socialist Tax Spree NY’s corporate tax rate is a crushing 17.44%. Texas? 0%. IRS data just dropped and even Governor Hochul is “shocked” — 892 companies already bolted with billions. This video isn’t about Goldman Sachs. It’s about the businesses and New Yorkers who can’t leave, getting stuck with the bill. Mamdani’s answer? Raise taxes even more! 🤔 Corporate choices are easy: Blue policies = economic suicide. Red states = freedom and jobs. This is month 3 of .Mayor Zohran Kwame Mamdani Mamdani. We tried to warn you, New York.🇺🇸
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NY’S $111 BILLION NIGHTMARE: 11K Jobs Just Fled NYC for Texas — Thanks to Mamdani’s Socialist Tax Spree NY’s corporate tax rate is a crushing 17.44%. Texas? 0%. IRS data just dropped and even Governor Hochul is “shocked” — 892 companies already bolted with billions. This video isn’t about Goldman Sachs. It’s about the businesses and New Yorkers who can’t leave, getting stuck with the bill. Mamdani’s answer? Raise taxes even more! 🤔 Corporate choices are easy: Blue policies = economic suicide. Red states = freedom and jobs. This is month 3 of .Mayor Zohran Kwame Mamdani Mamdani. We tried to warn you, New York.🇺🇸

Tosca Austen

242,934 Aufrufe • vor 5 Monaten

🚨 NEW YORK’S MILLIONAIRE EXODUS EXPLODES UNDER SOCIALIST MAYOR – $11 BILLION TAX REVENUE GONE! Fox hitting hard: NY’s share of U.S. millionaires crashed from 12.7% in 2010 to 8.7% in 2022, and it’s accelerating. IRS data doesn’t lie. People and businesses are bolting to Florida, Texas, Tennessee. Why? Sky-high taxes, punishing success, crime, and radicals like Mayor Mamdani screaming for wealth taxes on anyone making $300k+ (which is “middle class” in NYC apparently 😂). Ken Griffin? Targeted by Mamdani’s mob outside his building. Griffin’s response: Pulling investments from NY and expanding in Miami instead. Smart money votes with its feet. Covid proved remote work works. High rents + taxes + “collectivism” nonsense = no incentive to stay. Florida’s booming with $21 BILLION in net wealth migration. NY lost $11 billion in tax revenue in just one year. The producers leave, the takers stay, and everyone else gets stuck with the bill. Mayor dismisses it all, claiming past tax hikes brought “more millionaires.” Delusional. Data says otherwise — they’re fleeing the punishment. This is the socialist blueprint: Tax the rich until they’re gone, then wonder why services collapse. Low taxes, freedom, and opportunity win every time. Blue cities are proving it daily.
4:44

🚨 NEW YORK’S MILLIONAIRE EXODUS EXPLODES UNDER SOCIALIST MAYOR – $11 BILLION TAX REVENUE GONE! Fox hitting hard: NY’s share of U.S. millionaires crashed from 12.7% in 2010 to 8.7% in 2022, and it’s accelerating. IRS data doesn’t lie. People and businesses are bolting to Florida, Texas, Tennessee. Why? Sky-high taxes, punishing success, crime, and radicals like Mayor Mamdani screaming for wealth taxes on anyone making $300k+ (which is “middle class” in NYC apparently 😂). Ken Griffin? Targeted by Mamdani’s mob outside his building. Griffin’s response: Pulling investments from NY and expanding in Miami instead. Smart money votes with its feet. Covid proved remote work works. High rents + taxes + “collectivism” nonsense = no incentive to stay. Florida’s booming with $21 BILLION in net wealth migration. NY lost $11 billion in tax revenue in just one year. The producers leave, the takers stay, and everyone else gets stuck with the bill. Mayor dismisses it all, claiming past tax hikes brought “more millionaires.” Delusional. Data says otherwise — they’re fleeing the punishment. This is the socialist blueprint: Tax the rich until they’re gone, then wonder why services collapse. Low taxes, freedom, and opportunity win every time. Blue cities are proving it daily.

Gunther Eagleman™

156,493 Aufrufe • vor 1 Monat

🚨 NEW YORK BLEEDING MILLIONAIRES DRY – SOCIALIST DREAM TURNS INTO TAXPAYER NIGHTMARE! Fox just dropped the receipts: A new study shows New York’s share of U.S. millionaires plummeted from 12.7% in 2010 to just 8.7% in 2022. The biggest drop of any state. Billions in tax revenue? Gone. Poof. Straight to low-tax havens like Florida and Texas. Mayor (and the usual suspects) still pushing “tax the rich” harder, claiming NYC millionaires (making $300k+ is “middle class” there? 😂) can “do a little more” for the “wealthiest city in history.” Newsflash, socialists: Money votes with its feet. High taxes, crime, regs, and “room for everyone” (except the producers) = mass exodus. The top 1% already shoulder ~40-44% of the income taxes. Keep punishing success and watch the golden goose fly south. This is what happens when you listen to the “tax the rich” crowd. They leave. The middle class gets crushed with the bill. Businesses follow. Cities crumble.
1:26

🚨 NEW YORK BLEEDING MILLIONAIRES DRY – SOCIALIST DREAM TURNS INTO TAXPAYER NIGHTMARE! Fox just dropped the receipts: A new study shows New York’s share of U.S. millionaires plummeted from 12.7% in 2010 to just 8.7% in 2022. The biggest drop of any state. Billions in tax revenue? Gone. Poof. Straight to low-tax havens like Florida and Texas. Mayor (and the usual suspects) still pushing “tax the rich” harder, claiming NYC millionaires (making $300k+ is “middle class” there? 😂) can “do a little more” for the “wealthiest city in history.” Newsflash, socialists: Money votes with its feet. High taxes, crime, regs, and “room for everyone” (except the producers) = mass exodus. The top 1% already shoulder ~40-44% of the income taxes. Keep punishing success and watch the golden goose fly south. This is what happens when you listen to the “tax the rich” crowd. They leave. The middle class gets crushed with the bill. Businesses follow. Cities crumble.

Gunther Eagleman™

129,907 Aufrufe • vor 1 Monat

"Washington state raising taxes on millionaires, to 9.9%; first state income tax. There's nothing voters can do about it, either. The state supreme court ruling that the new tax cannot be challenged by a voter referendum." ... There IS something voters can do about it. In the coming election an unprecedented 5 of the 9 Supreme Court seats will become vacant. Supreme Court seats are often ignored by most voters, but if voters come out in force and elect new justices committed to upholding the state's constitution, our state can still be saved.
0:27

"Washington state raising taxes on millionaires, to 9.9%; first state income tax. There's nothing voters can do about it, either. The state supreme court ruling that the new tax cannot be challenged by a voter referendum." ... There IS something voters can do about it. In the coming election an unprecedented 5 of the 9 Supreme Court seats will become vacant. Supreme Court seats are often ignored by most voters, but if voters come out in force and elect new justices committed to upholding the state's constitution, our state can still be saved.

Vijay

33,852 Aufrufe • vor 3 Monaten

Yesterday, Governor Bob Ferguson signed Washington state’s first income tax into law. Voters rejected an income tax as recently as 2010. In 2024 they went further — passing Initiative 2111, which explicitly banned the state from enacting one. Democrats amended that ban and passed it anyway. 51-46 in the House. 27-22 in the Senate. Senate Bill 6346 imposes a 9.9% tax on household income above $1 million. The bill includes a “necessity clause” that blocks a public referendum. Opponents cannot put repeal to a vote. The Washington State Supreme Court ruled in 1933 that income is property and must be taxed uniformly. That precedent has stood for 93 years. Democrats didn’t pursue a constitutional amendment. Instead they redefined the tax as a levy on the “receipt” of income — not income itself — and are relying on a current court to accept the distinction. A lawsuit was filed the same day Ferguson signed it. Washington was already ranked 45th in state tax competitiveness. New Jersey introduced its income tax in 1976 with a 2.5% top rate. It is now 10.75%. Two years ago voters banned the income tax. Democrats wrote an exception into that ban, shielded it from referendum, and signed it anyway.
2:09

Yesterday, Governor Bob Ferguson signed Washington state’s first income tax into law. Voters rejected an income tax as recently as 2010. In 2024 they went further — passing Initiative 2111, which explicitly banned the state from enacting one. Democrats amended that ban and passed it anyway. 51-46 in the House. 27-22 in the Senate. Senate Bill 6346 imposes a 9.9% tax on household income above $1 million. The bill includes a “necessity clause” that blocks a public referendum. Opponents cannot put repeal to a vote. The Washington State Supreme Court ruled in 1933 that income is property and must be taxed uniformly. That precedent has stood for 93 years. Democrats didn’t pursue a constitutional amendment. Instead they redefined the tax as a levy on the “receipt” of income — not income itself — and are relying on a current court to accept the distinction. A lawsuit was filed the same day Ferguson signed it. Washington was already ranked 45th in state tax competitiveness. New Jersey introduced its income tax in 1976 with a 2.5% top rate. It is now 10.75%. Two years ago voters banned the income tax. Democrats wrote an exception into that ban, shielded it from referendum, and signed it anyway.

Jake

209,451 Aufrufe • vor 5 Monaten

Washington State Democrats lied. Their new income tax on millionaires isn’t just for people making over $1 per year “It’s not just the millionaires who are gonna face this tax. In fact, couples whose combined income is a million dollars or more will also be taxed. Tax experts call it the marriage penalty. So if you have two individuals who each make $600,000, neither would pay the state income tax if they filed as individuals, but if they are married and they file jointly, they would owe a tax of about $20,000” And so it begins… next they’ll start lowering the threshold and it’ll soon apply to everyone
1:24

Washington State Democrats lied. Their new income tax on millionaires isn’t just for people making over $1 per year “It’s not just the millionaires who are gonna face this tax. In fact, couples whose combined income is a million dollars or more will also be taxed. Tax experts call it the marriage penalty. So if you have two individuals who each make $600,000, neither would pay the state income tax if they filed as individuals, but if they are married and they file jointly, they would owe a tax of about $20,000” And so it begins… next they’ll start lowering the threshold and it’ll soon apply to everyone

Wall Street Apes

213,721 Aufrufe • vor 5 Monaten

Democratic Socialist Seattle Mayor Katie Wilson is getting a BRUTAL REALITY check after laughing off the idea of millionaires fleeing her city — just as a new survey reveals that 44% of Washington business leaders are now considering moving their personal residences out of the state. Mayor Katie Wilson: “I think the claims that millionaires are going to leave our state are like super overblown, and if the ones that leave — bye.” NOTE: Washington state passed the Millionaires Tax in March 2026, that will impose a 9.9% tax on income over $1M per household that takes effect on January 1, 2028. It combines with the state’s new 9.9% capital gains tax on gains above $1M that went into effect last year.
1:56

Democratic Socialist Seattle Mayor Katie Wilson is getting a BRUTAL REALITY check after laughing off the idea of millionaires fleeing her city — just as a new survey reveals that 44% of Washington business leaders are now considering moving their personal residences out of the state. Mayor Katie Wilson: “I think the claims that millionaires are going to leave our state are like super overblown, and if the ones that leave — bye.” NOTE: Washington state passed the Millionaires Tax in March 2026, that will impose a 9.9% tax on income over $1M per household that takes effect on January 1, 2028. It combines with the state’s new 9.9% capital gains tax on gains above $1M that went into effect last year.

RedWave Press

165,335 Aufrufe • vor 2 Monaten

"It's the tradition of WA state that we don't have a state income tax," says Washington State GOP Rep. Jim Walsh . "We rely at the state level on other taxes, like property tax, sales tax and the B and O tax. These are the three legs of the tax policy stool in WA state. "Through our traditions in WA state, we are not an income tax state. And that's part of the reason that we attract innovative industry. That's the reason the great timber barons were here. That's the reason Boeing grew into an aerospace power when it was here. That's the reason that Microsoft was able to take off and Amazon after that and a whole bevy of high-tech companies in WA. "By screwing up that tradition, we not only run the risk of chasing those great companies and business off, the real risk is that the next Microsoft or Amazon will set up shop and succeed in Austin, Texas, or Orlando, Florida. That's the real risk of Governor Bob Ferguson's poorly drafted state income tax scheme." King County GOP WA Senate Republicans WA House Republicans
10:05

"It's the tradition of WA state that we don't have a state income tax," says Washington State GOP Rep. Jim Walsh . "We rely at the state level on other taxes, like property tax, sales tax and the B and O tax. These are the three legs of the tax policy stool in WA state. "Through our traditions in WA state, we are not an income tax state. And that's part of the reason that we attract innovative industry. That's the reason the great timber barons were here. That's the reason Boeing grew into an aerospace power when it was here. That's the reason that Microsoft was able to take off and Amazon after that and a whole bevy of high-tech companies in WA. "By screwing up that tradition, we not only run the risk of chasing those great companies and business off, the real risk is that the next Microsoft or Amazon will set up shop and succeed in Austin, Texas, or Orlando, Florida. That's the real risk of Governor Bob Ferguson's poorly drafted state income tax scheme." King County GOP WA Senate Republicans WA House Republicans

Washington State GOP

12,595 Aufrufe • vor 6 Monaten

A campaign to defeat Initiative 645 launched Tuesday, with a boost from the governor and a major labor union, setting up what is expected to be one of Washington's most expensive and closely watched ballot fights this fall. The "No on 645" campaign, joined by Gov. Bob Ferguson, food assistance advocates, parents, small-business owners and supporters of Washington's new "millionaires' tax," argued the initiative would reverse tax breaks and funding commitments passed by lawmakers earlier this year. Initiative 645, backed by Let's Go Washington founder Brian Heywood, seeks to repeal the state's new 9.9% tax on annual income above $1 million. Link: #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #MillionairesTax #BobFerguson #I645 #LetsGoWashington
1:28

A campaign to defeat Initiative 645 launched Tuesday, with a boost from the governor and a major labor union, setting up what is expected to be one of Washington's most expensive and closely watched ballot fights this fall. The "No on 645" campaign, joined by Gov. Bob Ferguson, food assistance advocates, parents, small-business owners and supporters of Washington's new "millionaires' tax," argued the initiative would reverse tax breaks and funding commitments passed by lawmakers earlier this year. Initiative 645, backed by Let's Go Washington founder Brian Heywood, seeks to repeal the state's new 9.9% tax on annual income above $1 million. Link: #komo #komonews #komo4 #komo4news #seattle #seattlenews #washingtonnews #MillionairesTax #BobFerguson #I645 #LetsGoWashington

KOMO News

16,988 Aufrufe • vor 1 Monat

They did it. Washington Democrats just PASSED $9.5 BILLION in taxes “This is the biggest tax increase in Washington state history.” “We are looking at somewhere in the neighborhood of $8-$10 billion in NEW TAXES on the people of Washington. That's just the taxes to fund the operating budget that doesn't include all the taxes and fees, including a new gas tax and diesel tax to fund the transportation budget, but $8-$10 billion of taxes. This is the biggest tax increase in Washington state history. Despite Democrats' attempts to target those taxes to wealthy Washingtonians and big businesses, they're actually gonna hit ordinary everyday Washingtonians through things like higher housing costs, higher health care costs, higher grocery and food prices. That's unacceptable. — Unfortunately, through the biggest tax increase in Washington state's history, despite the attempts and and claims that it's gonna hit wealthy Washingtonians, a big business, it's just not true. It's gonna hit regular people and your cost of housing, fuel, gas, groceries, health care, all gonna go up, unfortunately.
0:53

They did it. Washington Democrats just PASSED $9.5 BILLION in taxes “This is the biggest tax increase in Washington state history.” “We are looking at somewhere in the neighborhood of $8-$10 billion in NEW TAXES on the people of Washington. That's just the taxes to fund the operating budget that doesn't include all the taxes and fees, including a new gas tax and diesel tax to fund the transportation budget, but $8-$10 billion of taxes. This is the biggest tax increase in Washington state history. Despite Democrats' attempts to target those taxes to wealthy Washingtonians and big businesses, they're actually gonna hit ordinary everyday Washingtonians through things like higher housing costs, higher health care costs, higher grocery and food prices. That's unacceptable. — Unfortunately, through the biggest tax increase in Washington state's history, despite the attempts and and claims that it's gonna hit wealthy Washingtonians, a big business, it's just not true. It's gonna hit regular people and your cost of housing, fuel, gas, groceries, health care, all gonna go up, unfortunately.

Wall Street Apes

549,692 Aufrufe • vor 1 Jahr

🚨 Businesses are ABANDONING New York in droves nearly 5,000 gone in a single year. Sky-high taxes, crushing regulations, rampant crime, and socialist experiments under Mayor Mamdani have turned the Empire State into a “get out while you can” zone. JPMorgan now employs more people in Texas than NYC. Apollo is eyeing a Southern HQ. This isn’t a “transition.” It’s an exodus. The tax-the-rich crowd is killing the golden goose and New Yorkers are left with empty buildings and lost jobs. Who’s next? #BusinessExodus #NewYorkFailing #TaxFlight
4:11

🚨 Businesses are ABANDONING New York in droves nearly 5,000 gone in a single year. Sky-high taxes, crushing regulations, rampant crime, and socialist experiments under Mayor Mamdani have turned the Empire State into a “get out while you can” zone. JPMorgan now employs more people in Texas than NYC. Apollo is eyeing a Southern HQ. This isn’t a “transition.” It’s an exodus. The tax-the-rich crowd is killing the golden goose and New Yorkers are left with empty buildings and lost jobs. Who’s next? #BusinessExodus #NewYorkFailing #TaxFlight

Brigitte Gabriel

45,153 Aufrufe • vor 3 Monaten

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast
2:35

SHOULD GOVERNMENT BE ALLOWED TO TAKE PRIVATE PROPERTY? “People are waking up to the fact that the asset seizure tax is an elimination of private property rights, that fundamentally what you're saying [is] that private property now becomes public property. Because as soon as you give the government the right to collect your post-tax assets through a legislative vote, you are basically saying that you no longer have private property — because at any point in the future the government can vote to say I'm going to take your private property — which is different than an income tax. [An income tax] is when you earn something that you didn't have before, and they take a percentage of your earnings (of your income). The statement now is after you've made your income (it's now your private property) — they can come and take it. And so that is a distinction that has never existed in the United States. And I will make the retort right now to property tax, because people always say to me: ‘what about property tax?’ A property tax is a service fee on a particular, specific asset. The money that is collected provides services for that asset to make it more valuable. So you get roads, infrastructure, policing, fire, schools… All the stuff that comes with property tax makes that property [more valuable]. And you have the option at any point you want to sell that property and stop paying that property tax. You have the option at any point to downgrade your property and get a cheaper property and pay [a lower tax]. And here's the other important point about property tax: it’s uniform. Uniform means that everyone pays the same percentage, the same property tax rate in a county. This asset seizure tax that's being proposed is a demographic tax — meaning that the state or the legislature defines a specific group of individuals (in this case, they're saying anyone with a net worth over a billion dollars) and then they can go and take assets from only that group. That is nonuniform taxation. It means that for the first time we're saying based on the demographics of a person meaning whatever you want to use to define that person (in this case their wealth) — you are going to be treated differently. And that is different than an income tax, because remember when you have graduated income tax rates (and you say high earners get taxed more) — what you're taxing is the earnings, not the individual. You're not looking through to the individual to determine whether or not they're wealthy. All you're doing is looking at the independent earnings amount that's coming in. And so a uniformity clause is supposed to protect people from being demographically discriminated against. And you may roll your hand and be like: ‘Oh, who cares about the billionaires? Eat the rich. That's great.’ But fundamentally, you're giving the government, the legislature, the ability to in the future take any demographic definition they want and go in and take any percentage they want of after-tax property from you. That is why this is so troubling.” david friedberg The All-In Podcast

Ron Pragides 

258,567 Aufrufe • vor 7 Monaten

>Downtown Seattle Association: "Seattle’s JumpStart Tax has jump-started Bellevue’s economy. Not Seattle’s..." >Seattle Director of Economic Development: "We definitely need to start thinking better about how we really activate our economic development plan beyond the JumpStart and other progressive taxes that we’ve been implementing." >Amazon: 'We're continuing to move to Bellevue in part because of the JumpStart Tax...' >Starbucks: 'We are leaving Seattle due to high taxes and a poor business climate...' >30,000 jobs: GONE since the JumpStart Tax was implemented Response from Seattle Mayor Katie Wilson: "We are looking at new revenue options. Nothing is off the table [with the JumpStart Payroll Tax]..." Hana Kim | FOX 13 Seattle 'New taxes on the table as Mayor Wilson looks to balance budget deficit' Article:
3:19

>Downtown Seattle Association: "Seattle’s JumpStart Tax has jump-started Bellevue’s economy. Not Seattle’s..." >Seattle Director of Economic Development: "We definitely need to start thinking better about how we really activate our economic development plan beyond the JumpStart and other progressive taxes that we’ve been implementing." >Amazon: 'We're continuing to move to Bellevue in part because of the JumpStart Tax...' >Starbucks: 'We are leaving Seattle due to high taxes and a poor business climate...' >30,000 jobs: GONE since the JumpStart Tax was implemented Response from Seattle Mayor Katie Wilson: "We are looking at new revenue options. Nothing is off the table [with the JumpStart Payroll Tax]..." Hana Kim | FOX 13 Seattle 'New taxes on the table as Mayor Wilson looks to balance budget deficit' Article:

Future 42

10,234 Aufrufe • vor 2 Monaten