Tag Archive: Golden State


Governor Newsom Calls for Nation’s First Air Tax On California’s Wealthiest

Proceeds To Fund New Air Quality And Climate Change Programs

April 15 To Become A State Holiday 

SACRAMENTO – Following up on his proposed “digital dividend” levy on data usage, California Governor Gavin Newsom today called upon the state Legislature to approve the nation’s first surcharge on the consumption of air by the Golden State’s wealthiest households.

Privileged Californians with assets (i.e., homes, cars, stocks, mutual funds, bonds, savings accounts, furniture … ) exceeding $500,000 will be assessed an annual surcharge of 1 percent of their total gross wealth. The yearly progressive surcharge will escalate to 2 percent for those with more than $1 million in total assets, eventually capping at 10 percent for those with accumulated wealth exceeding $1 billion or more.

“California’s new Rarefied Air Tax (RAT) is initially projected to raise approximately $3 billion in additional revenues to enhance air quality, combat climate change, and to establish a complementary agency to the California Air Resources Board (CARB),” said Newsom.

“The Golden State is the recognized leader in the usage of progressive revenue schemes to extract and redistribute literally billions from California’s achievers by means of income, sales, property, gas, vehicle, water, corporate, payroll, liquor, and weed taxes and soon a surcharge for those who choose to consume O2.  If the wealthy wish to avoid the Rarefied Air Tax, they can simply opt out of oxygen usage,” Newsom said.

According to the non-partisan Tax Foundation, California has fallen from the top to second in total taxation among states. New Jersey is now #1, California #2 and New York #3.

“We intend to restore our rightful place as the number one state in terms of progressive redistributive taxation,” said Newsom. “The appropriate annual total assets surcharge for O2  usage by those with wealth reaching and exceeding six-seven-eight figures is recognition of their moral obligation to pay their fair share for the rarefied California air they breathe and consume.”

To recognize and celebrate California’s nationwide leadership in taxation, Newsom signed a proclamation declaring that each April 15 (or following Monday if tax day falls on a weekend) as a paid public holiday for all Golden State public employees. Newsom urged the federal government and all other states to follow suit.

Fully anticipating constitutional challenges by mean-spirited, hateful, racist, sexist, homophobic and unpleasant non-profit tax foundations, Newsom called upon the state Department of Justice to prepare a vigorous defense against expected questions about the legality of RAT total asset surcharges for California’s wealthiest … those with assets exceeding $500,000 in riches.

California telegenic governor will hold a news conference in Room 1190 of the State Capitol today at 1 pm PDT to provide more details about the RAT tax. Tax-free air will be provided to all media attending the event.

Following the news conference, Governor Newsom will be available for photographs and to autograph full, medium and wallet-size glossy images of himself for adoring reporters and correspondents.

https://taxfoundation.org/individual-income-taxes-2019-state-business-tax-climate-index/

https://almostdailybrett.wordpress.com/2015/02/08/golden-state-handcuffs/

https://www.foxnews.com/politics/california-goes-tax-wild-eyes-levies-on-everything-from-water-to-tires

 

 

As a young cub reporter, I cut my teeth on Proposition 13.

The political class and Punditocracy were steadfastly aligned against California’s tax-revolt initiative in 1978.

The electorate would not vote in their self-interest (e.g., their homes) and “devastate” the state’s infrastructure (i.e., schools, libraries and fire stations). Surely, not.

Surely, yes.presspass

We were told the sun would not rise on Wednesday, June 7, if Proposition 13 was approved the day before.

El Sol did indeed rise over the east hills of the Golden State that very morning. The birds were chirping. The bees were buzzing. Love was in the air. And Sacramento subvened its $4 billion surplus to the state’s 58 counties.

Homes were saved. Libraries remained open. Fire houses were not closed. Life moved on … as it always does. Fiscal Armageddon did not occur.

The author of Almost DailyBrett learned a valuable lesson: The voters are not as unaware as the political elites believe.

They will vote in the interest of their homes, families, wallets and purses.

As Jean Baptist-Colbert, French Minister of Finances under Louis XIV, said:

“The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.”

There was plenty of hissing to go around in the late spring of 1978.

The Initiative, The Referendum, The Recall

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The name Hiram Warren Johnson would probably stump everyone except the most avid player of political Trivial Pursuit.

The progressive Republican Governor of California from 1911-1917, who also served as the running mate for Teddy Roosevelt in 1912, will go down in history as the man who introduced to the Golden State and the world: the initiative, the referendum and the recall.

These three political equivalents of nuclear weapons would remain in virtual hibernation until the days of the Great Inflation in the 1970s, which plagued the subsequent administrations of Nixon, Ford and Carter. With annualized inflation running between 15-18 percent per year, county assessors (e.g., Alexander Pope in Los Angeles) were sending property tax bills that were around 30 percent higher every two years.

You don’t have to be a math wizard to realize that 15 percent compounded annualized inflation-driven property-tax increases were threatening the ability of literally millions to pay their property tax bills. And what did the virtual one-party state Legislature do about it?

Nothing.

It was only a matter of time for two former gadflies, Howard Jarvis and Paul Gann, to become heroes and villains at the same time with one vehicle, the initiative, namely Proposition 13.

Anxiety, Apprehension, Anger

“Despite a torrent of horror stories from teachers’ unions, politicians, newspapers and corporate lobbyists in Sacramento about the potentially devastating effects of Proposition 13, more than 60 percent of the voters took a gamble and approved the ballot measure.” – Stephen Moore, Cato Institutenewsweekprop13

The author of Almost DailyBrett vividly remembers that Californians were disgusted with politicians and everything Sacramento in 1978. They voted for Proposition 13 to send an unmistakable message to the political class: We are not as unaware and ignorant as you think we are.

Exactly 25 years later, another generation of Californians brought to the forefront another of Hiram Johnson’s reforms, the recall. The target in 2003 was Governor Gray Davis, who magically transformed a $14 billion “surplus” into a $38 billion deficit.

The net result was the election of charming media-celebrity, body-builder-turned-movie-star-turned Gubernator, Arnold Schwarzenegger.

Fast forwarding to today, Washington Post columnist Charles Krauthammer used three “A”s to describe the political mood of the electorate. He could have easily added another “A” with a Teutonic twist: Angst.

Just as the California electorate was volatile and unpredictable in 1978 and 2003 and willing to take matters into their own collective hands, the same seems to hold true this year on a national scale.timejarvis

To date, Almost DailyBrett has been totally wrong on which parties delegate race would conclude first, and how a celebrity candidacy would end once the electoral calendar moved from the Silly Season to the Serious Season.

There are plenty of polls and Electoral College projections, but in the end analysis the two respective parties are nominating candidates with unprecedented nearly 60 percent unfavorable ratings at a time when the nation’s right track/wrong track barometer is two-to-one in the wrong direction.

Not only are we politically gridlocked at home, we are seen as nation in decline overseas. And heaven forbid – how will an exogenous event striking the homeland upset the scant political equilibrium that does exist?

If you were serving as the head of communications or press secretary for either of the two candidates with nearly 100 percent name identification (not necessarily a good thing), sleep is going to be a precious commodity between now and November.

Strap on your seat belts for a rough ride. And don’t forget the electorate. The voters are not as dumb as everyone in Washington D.C., and Midtown Manhattan thinks they are.

https://www.washingtonpost.com/opinions/donald-hillary-and-the-bernie-factor/2016/05/19/cc594044-1de6-11e6-9c81-4be1c14fb8c8_story.html

https://almostdailybrett.wordpress.com/2011/10/04/taxing-the-fab-four-exiling-the-stones/

https://almostdailybrett.wordpress.com/2015/02/08/golden-state-handcuffs/

http://bioguide.congress.gov/scripts/biodisplay.pl?index=j000140

http://www.u-s-history.com/pages/h1984.html

http://www.cato.org/publications/commentary/proposition-13-then-now-forever

http://quoteinvestigator.com/2014/04/04/tax-tree/

 

 

 

 

 

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