SACRAMENTO, Calif. (AP) — Gov. Jerry Brown on Wednesday defended his characterization that his tax initiative primarily helps schools, rejecting criticism from the backer of a rival tax proposal who says he is distorting the benefits.
Los Angeles attorney Molly Munger told The Associated Press last week that Brown is being untruthful by saying most of the money from his initiative will go to schools. She said she started running TV commercials about her initiative to “get the truth out.”
As recently as last week, Brown told reporters “100 percent” of the taxes he’s proposing would go to education. […]
Brown also defended calling his proposal a “millionaires tax” on his initiative campaign website, even though the income threshold would be $250,000.
“Anybody who makes $250,000 becomes a millionaire very quickly if you save it. You just need four years,” Brown said. “It is a millionaires tax. It taxes millionaires, right? And it’s for schools. And it protects public safety.”
San Francisco’s $10+ an hour minimum wage law has killed the $5 foot long at Subway. Someone needs to picket the mayor’s office with signs that read “Unfair!”
Sadly, this isn’t the first time a politician has said something like this. I believe Algore said the same thing about ten years ago.
I’m actually surprised they haven’t reduced the income for a “millionaire” to $100,000 a year. Hey, in ten years, you’ve made a million, right?!
Gross = net apparently. Which is a rather strikingly lie to tell when you’re specifically talking about making the difference even larger.
rather striking lie
Hey, don’t look at me! I didn’t vote for the twit, I had enough of Jerry’s act in the 70’s.
bah ahhha hhhaaa haaa … he didn’t say that, did he?
What a fucking idiot.
And, given the tax rates in California, it would take you a bit longer than 4 years to have a million bucks “save” up.
I wonder if the people of California should take him up on his statement and only pay taxes on their net income…
Living in Clownifornia, I must tell you one of life’s great mysteries is why the whole thing hasn’t collapsed yet.
All I can figure is that nearly everyone who does business here must be, to various extents, breaking, ignoring, or avoiding laws and regulations. From bribes to hiring under the table to acting without “proper” licenses and permits. Because you practically need a permit to open a can of tuna here.
Let’s say you’re maxing out your 401k, the housing market isn’t moving against you and you’re saving more than the average of your discretionary income.
Even doing everything right (which would include moving out of Cali where you’re paying around 9% more for nothing), it would probably take Brown’s IQ points in years to save a million.
it would probably take Brown’s IQ points in years to save a million
So, less than five?
Heh. I was being a bit more generous with my estimate.
All I can figure is that nearly everyone who does business here must be, to various extents, breaking, ignoring, or avoiding laws and regulations.
Of course. Just like Greece.
Hell those people don’t even pay their (95%) taxes. They hide swimming pools…
Not too long ago some Democrat (I think she was asian?) activist in CA was causing a fuss because the bank was foreclosing on their home. Throwing them out into the street.
It turns out it was her $750,000.00 second home. She’s out there with the bums who get thrown out of their fannie mae homes, because she borrowed 3/4 of a million and now she doesn’t want to pay it back or give up her summer house.
Who knows, maybe she goes to Whole Foods and pays with her EBT card.
As always:
“Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s not a bunch of boy scouts you’re up against… We’re after power and we mean it… There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be
much easier to deal with.”
“Anybody who makes $250,000 becomes a millionaire very quickly if you save it. You just need four years,” Brown said.
“Anybody who registers Democrat becomes an asshole very quickly if you vote straight party line. You just need four years,” BuddyPC said.
I have a bad feeling about this. This is the very year, since I got my first job pumping gas at the Phillips 66 after school til this very year, when my life time earnings reached a million gross.
Kind of a mixed blessing I guess, my taxes are going up, but I’m a millionaire*!
*if only I woulda saved it for [3]4 years.
It’s that easy!
Who knew?
No megamillions in California.
If you win the MM lottery this week, your winnings would only fund the federal government for 80 minutes. (saw that somewhere on FB)
I think the plan is to never let anyone ever get to a $1,000,000 and to reduce everyone over that threshold down under it post haste.
Brown probably loves this guy http://www.timesunion.com/opinion/article/Deepening-of-inequality-3445758.php
This clown conflates Trayvon Martin and income inequality in his article and finishes with this piece of horseshit: “If we don’t implement policies that redistribute income and wealth to the vast majority of Americans who need it, or nation will become increasingly – and dangerously – divided”
Well, so much for any plans on making serious coin, then.
Why would I bother. Indeed, why would anyone?
Malaise.
Peter Berkowitz in the WSJ, How California’s Colleges Indoctrinate Students:
Stage 1: Raise taxes to the point that 20% leave the state.
Stage 2: Sink the state so far into debt that another 10 to 15% leave the state.
Stage 3: Burn California down for the insurance money.
I doubt you could do it that fast….
Okay George Orwell, you beat me to it.
I love it though. I was thinking something around 20 but was still twice reminded that when speaking of Brown’s IQ it’s important to pay a great deal of attention to the lower possibilities.
Good times.