Before I arrived home from work this evening I stopped at the local Krauszer’s to grab an extra-large cup of java which I reserve as my 5 AM awakening elixir. These days it seems I drink more cold coffee than ever. Fortunately, I take my coffee black (like my Marxist presidents).
As I prepared to leave the store, I gazed down at a copy of the Newark Star-Ledger that featured the following article just under the mast head: “How Dems may outfox Christie on millionaires tax.”
Gee…how could that be possible? How could anyone outfox The Great Bloviator?
If Christie continues to shield the rich in the budget process this year, Democratic leaders in Trenton say they’ll play their trump card: a legislative maneuver that would put the issue on the 2013 ballot as a constitutional amendment.
“If we need to do this by referendum because the governor refuses to bend, then so be it,” said Assembly Majority Leader Lou Greenwald (D-Camden). “But then the public should know that they waited for two years because the governor sided with the wealthiest 1 percent over the 99 percent.”
Hmmm. But surely the enlightened electorate of the Garden State – they who elected the Great Bloviator a scant three years ago – understand that by punishing the highest percentile of income earners (who, not coincidentally, happen to pay the highest percentage of taxes in the state) with yet higher tax rates, they will succeed only in driving yet more job creators out of the state? Yes?
“It’s a no-brainer,” said Sen. Shirley Turner (D-Mercer), who introduced the bill last year. “People would break their necks getting to the polls to support it.”
According to polls, New Jersey voters favor the millionaire’s tax by overwhelming margins. The measure would raise the highest tax rate from 8.97 percent to 10.75 percent, but only on income above $1 million. New Jersey has an estimated 16,000 millionaires, and it would bring roughly $600 million per year, supporters say.
“No-brainer” is a perfect descriptor. Although my first instinct is to question the source and methodology of the polling data, the fact that we are discussing the New Jersey electorate – arguably the most supinely ignorant and irremediably stupid demographic outside of California – is sufficient to accept the data as accurate. Apparently, stupidity thrives on coastal breezes:
California voters strongly support Gov. Jerry Brown‘s new proposal to increase the sales tax and raise levies on upper incomes to help raise money for schools and balance the state’s budget, according to a new USC Dornsife/Los Angeles Times poll.
Sixty-four percent of those surveyed said they supported the governor’s measure, which he hopes to place on the November ballot. It would hike the state sales tax by a quarter-cent per dollar for the next four years and create a graduated surcharge on incomes of more than $250,000 that would last seven years. A third of respondents opposed the measure.
Brown’s new plan, rewritten recently amid pressure from liberal activist and union groups that had a competing proposal, relies on a larger share of revenue from upper-income earners than his original measure. Correspondingly, it leans less upon sales taxes, which are paid by all California consumers. The poll shows that taxing high earners is overwhelmingly popular.
Mind you, New Jersey’s overall debt obligation has climbed into the BILLIONS column – thanks mostly to the public sector union leeches who continue to bleed taxpayers dry as they featherbed their Florida retirement townhouses. Needless to say, $600 million is a mere bagatelle – and even that figure isn’t fixed in stone, because it naively assumes that all 16,000 millionaires currently residing in the Garden State will stay put and happily consent to being fleeced. I can assure you, dear reader, that many of them will not and the implementation of this “Millionaire’s Tax”will simply drive even more of the productive class out of New Jersey and into the embrace of Red States that believe in free enterprise.
If this amendment is placed on the ballot along with the question of legalizing marriage for same-sex couples, both will pass handily – a victory that will complement Barack Obama’s likely re-election.
I predict that, in the months following the debacle in November, a record number of residents will begin emigrating from the Garden State to the Carolinas, Georgia, Texas, Wyoming, Montana and the Dakotas.
I finally predict that the last sane patriot to abandon this sinking ship of state will be sure to leave the lights on: it’s only fitting that the idiots who remain take full measure of those who will politically and economically sodomize them.