"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Thursday, February 16, 2012

Billionaires for Marxism

Bend over and spread your cheeks  -  The Democrats have a tax for you.
Marxist Billionaires are funding both the creation of and increase in state income taxes. 

Billionaires for Marxism . . . . only in America.
  • The ultra-wealthy and labor unions are bankrolling increasing the already super-high Marxist income tax in California.
  • Just as the ultra-wealthy and labor unions bankrolled the creation of a brand new income tax in the state of Washington.
  • The ultra-rich want to FORCE those making far, far less money to re-distribute their wealth to labor unions and statist welfare programs.

Comrade Governor Jerry Brown of the People's Republic of California is pissed off.

Comrade Brown is gearing up to put a proposition on the November ballot to fuck over those who create jobs with even higher taxes . . . . plus Brown wants to screw everyone with a higher sales tax.

Now there might be three initiatives on the ballot at the same time all wanting to fuck over those who dare create jobs and wealth.  The proponents of two other proposed tax initiatives pledged that they will have enough money to get their initiatives on the ballot and declined to back down despite entreaties from the Socialist governor.

Molly Munger, a wealthy attorney and civil rights advocate from Los Angeles, outlined her proposal in Sacramento to a supportive crowd at a statewide meeting of the California Parent Teacher Association. The PTA helped draft the initiative, which would increase income taxes on a sliding scale and raise $10 billion annually for 12 years.

"We are going to get this on the ballot and we are going to win, because we're prepared to not only get it on the ballot, but be sure that it has a very strong campaign behind it," Munger told reporters after her speech reports Deseret News.

The political novice, who is the daughter of billionaire Berkshire Hathaway partner Charles Munger, a partner of Warren Buffett, said she is prepared to fund a multimillion-dollar signature-gathering campaign on her own. She already has contributed $800,000 to the initiative.

Also Monday, supporters of a so-called millionaires' tax said they were ready to hit the streets with a signature-gathering effort for their own proposal, which would raise income taxes on those who make more than $1 million a year.

But there is a small problem.  The number of Californians with $500,000-plus annual incomes declined dramatically from 2007 to 2009 as the state's economy stagnated, leaving fewer to tax, the California Taxpayers Association points out in a compilation of data from the Franchise Tax Board.

The latest FTB statistical report covers the 2009 tax year, and Cal-Tax points out that it listed just 98,610 California tax returns with adjusted gross income of $500,000 or more, down nearly a third from the 146,221 in 2007. Data for 2010 are not yet available.

Socialist Democrats are fucking morons.  They should encourage the creation of wealth.  With more rich people there would be more tax money to tax and spend.  But they are idiots.  (Deseret News)

Microsoft Marxism in Washington State

In 2010 an alliance of Microsoft billionaires and labor unions tried to force an income tax on Washington state.

Microsoft CEO and billionaire Steve Ballmer (estimated wealth $14 billion) helped bankroll creating a new income tax to re-distribute the wealth . . . . the wealth mostly to public employee labor unions.

Bankrolling the project was Ballmer, Bill Gates, Sr., other fellow traveler Marxist businessmen, teacher's unions and public employee unions wanted to re-distribute the wealth of those making $200,000 or more from private bank accounts directly into union bank accounts.

The voters saw through the Bullshit shoveled by these Socialist clowns and defeated the tax 64% to 36%.  Sure the income tax would "soak the rich" (those who create jobs) at first, but like all income taxes it would creep down to include the working class where most of the money is.

The beginning and end of the tax is to grow labor unions.  No more.  No less.
(Billionaire Marxist Income Tax)

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