Blue state gov's shocking tax proposal sparks warning of domino effect for other states
Blue state gov's shocking tax proposal sparks warning of domino effect for other states
Seattle radio host Jason Rantz on Washington Gov. Jay Inslee proposing a 1% wealth tax on individuals making over $100 million. #FOXBusiness
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This "Wealth Tax" sounds as though it’s designed to drive private wealth OUT of Washington State. Wealthy people always have options. If this is passed into law, they will, surely, exercise their option to live elsewhere, taking their wealth with them. This bill should be labeled the "Let’s Turn Washington Into A Welfare State" Act.
They have fixed the elections here we don’t want Him!!!
To get money you have to go where money is. The rich are big targets!
The wealth tax has NEVER successfully worked long term.
And now we have Ferguson, even worse!
I’m from Washington and I’m ready for these guys to go. Cost of living is nuts here and I’m over it.
I live here in Wa and they send tax money on hair removal and gender affirming care for inmates. For people in prison!! it’s ridiculous how they spend others money on dumb things.
Democrats taxing you for living,democrats destroying America every chance they can.
Spend less money !!! Rich people
Will just leave. Unrealized gains. ?? Spend less money
Inslee is awful for this state and Ferguson will just be Inslee 2.0. SMH. When will people learn?
Democrats always want more taxes, more of your money. Instead of being fiscally responsible. Why I stopped voting Democrat.
I don’t understand how anyone could still be a democrat and I understand republicans aren’t much better but at least they pretend to still work for the people
As long as Washington State remains an "all mail-in ballot" state, the criminals that currently run it will remain in power…!!!
Yes, the things that some other commenters have said are fully true. A "wealth tax" does not actually tax the wealthy but it does tax the middle class. In fact, another term for a wealth tax is a tax on "unrealized gains". That means that if you own a home and it went up in value, then you will get a hefty tax bill in addition to the property taxes. We were taught in school about the main method for taxing the rich, which is the "progressive income tax". Today, the progressive income tax is a joke because the highest bracket is only 37% and most of that is usually offset by numerous deductions and loopholes, thus allowing many wealthy people to pay zero income tax. The politicians say that income taxes are flawed, but the truth is that most of the politicians are rich and they wrote the loopholes into the tax code. It seems like the government is doing everything they can to make sure that the rich don’t have to pay a lot of taxes. Most politicians who say they want to make the rich pay their fair share, pull a bait and switch, which means that they actually end up trying to raise taxes on the poor and middle class! But it’s not working. The poor and middle class have nothing more to give. Enter the Wealth tax, which will attempt to steal the equity from middle class homeowners. This is meant to make sure that 95% of the population will own nothing at all! We have no choices. Both parties are cutting taxes for the rich, and any politician who says he is going to tax the rich ends up passing laws against the poor instead! There is nothing we can do. Violence won’t work, and Independent candidates are unelectable. PREPARE FOR ABSOLUTE OLIGARCHY!
Communist
Who on God’s green Earth would want to live in Washington state with this kind of theft being perpetrated on citizens by their own Governor? This guy has lost cabin pressure…
He is building his retirement house in northern Idaho. Why stop at screwing up one state!
Let me keep my money… NO NEW TAXES!!!!!
Let the rich keep their money.
If the 1% goes through, it will eventually be pushed down to EVERYONE!!!!!
The rumor is that Jay Inslee is moving to Idaho after his term is up. Ironic that he would ruin the state with his broken policies and then head out afterwards.
We outnumber all politicians 1 million to 1 why do we put up with this nonsense year after year?
WEALTH TAX…..
A TAX THAT MAKES THE GOVERNMENT AND THOSE IN IT
WEALTHY 💸💵💸💸💸💸💸💸$$$$$$.
🤣💥💥🤣🔥🤡😂💥💥🔥🫏🫏🤡🫏🤡🫏
It will soon be everyone paying state income tax in addition to our sales tax (10% around us). At that point I will move to a non income tax state.
This is blatantly against the Washington state constitution, but when has the democrats in Washington ever cared about that article.
I live in WASHINGTON. This governor is a pos.
This is why the country is moving to the right. The American people are sick of these communists.
No authority property or assets out of state. Period.
Bob Ferguson after Jay Inslee is like the Syth Lord taking over after Darth Vader. Idiot Inslee cost me my business and putt 22 young men making good money on the streets with his latest idiotic law that says Contractors can no longer Sub Contract out Electrical or Plumbing under penalty of law. God help us if he ever becomes President.
Why don’t they ever talk about budget cuts? Always higher taxes.
Good ol’ Governor Jay Insleaze… AKA KKKalifornia Jr.
Get rid of tax the government prints they own money
Funny and sad that these wealth tax always filters down to folks making less than minimum wages also
Did everyone see the NYT’s publication on the net migration patterns in 2023? When the census is redone in a few years, blue states could lose an aggregate of 10 electoral votes because so many people are fleeing them. Texas, Florida, Arizona, and NC could all gain a total of 10 electoral votes distributed amongst them because of their population increases from NY, CA, IL, and WA. The left went so extreme left, they are punishing their future bids in the electoral college.
No change in Washington…going deeper and deeper blue, yet somehow, it’s all the fault of conservatives. The new state administration is going to be as bad or worse.
My sister in law said the next civil disobedient will be not paying taxes.. She was right about the left going after Christians, normalizing pedos, and tearing down statues.
Public exposure is the only way to stop Inslee, the blue WA legislature, and the entirely Democrat WA State Supreme Court. By the way outside the I-5 corridor, WA is all red (especially in the rear).
Decades ago, as a young tax accountant, I was taught the "ABC’s of State Tax Planning". It was Anywhere(A) But(B) California(C). As I listen to these "wealth tax" theories and proposals, I cannot help but think that a broader acronym needs to be created that will include ANY state that passes such a tax. Consistently, I cannot find a single person who THINKS they are for such a tax that maintains their support after the ramifications are explained to them. And for those who say it will only apply to the "rich", never forget that when the income tax was initially enacted it was only applied to people who made the equivalent of $11 million dollars per year in today’s dollars.
The wealthy in Washington State will pickup and leave if he gets his tax increase.
This is why I left Washington!
The only thing this will do is cause people with money to leave the state and they’ll take their money and jobs with them! In the end it will cause the state to collect LESS taxes.
Inslee has TDS. He’s way out of his depth with this proposal. He’s taking those rumors of possibly being a future Democratic Party V.P. pick too seriously.
In WA we use timber money to pay for schools and we simultaneously don’t cut enough trees nor should we. That’s one example of how stupid our state government is 😂😂😂. Socialism just doesn’t fuggin work.
If the blue states quit taxing, spending and wasting money on criminals and the lazy freeloading homeless they would not be in debt🤔🫢
All the poor’s in the comment section, explaining why they are poor. LOL.
Start with cutting your salaries by 50% and then we’ll talk.
Not a single republican holds statewide office in Washington state. In the last four election cycles only one time did a republican win. We’re a blue state. We’ll do what we want. Not a thing you MAGASHEEP can do about it. But we do enjoy your sky-screaming.
This guys a nut job. Stirring up more mess before he leaves and hands it off to another democrat. All Inslee has done is make it harder on the working class and created a silo for people to take advantage of. We need politicians with backbone in WA.
The endless black hole of revenue…
🤮
I’m so glad we fled WA. Governor Inslee has RUINED that state in his 12yrs.