California Is Dying a Slow and Painful Death (msn.com)
So, people are leaving California, and some other states that have state income taxes, to go to Florida, and other states that don't have them.
The linked article talks about features that might, under different circumstances, draw people to California ("numerous attractions...booming tech industry and world class universities...beautiful landscapes and cultural richness"), but not if people have to give up any of their money to be there.
And the article also specifies how much of someone's income California wants: up to 13.3%, but only if your taxable income is over $1M. So, if you have taxable income of $1M, California wants $133K, which leaves you with $867K. If you have $5M of taxable income, California wants $665K, which leaves you with $4.335M. Etc.
Do we wonder how anyone is supposed to live on $867K or $4.335M, or do we acknowledge that no one "earns" that kind of money? They just have ways of getting it. And since the vast, vast, vast majority of people who get money are not counterfeiters (they don't create their own money), then the money they get they take from someone else.
And taking money from other people, and not being concerned about the consequences for those other people, is what they want to do. The more, the better. And they don't want to share. Or "give back." They'd rather move to Florida, or Texas, or some state that won't take any of their money.
Does the title of this post sound like something a selfish child might say? It did to me, too. I suppose that's why I chose it.
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