Now that Democrats have a virtual monopoly on power in the
erstwhile Land of Milk and Honey, they are dead set on further raising taxes on
milk and honey. And on guns, oil, gas, automotive batteries, painkillers,
tires, snacks, pop, water, and most everything else.
Except
for marijuana. They have a plan to reduce taxes on pot. Why? Because
existing taxes and regulations on California’s domestic marijuana industry have
led to largescale smuggling and underground production of cannabis, weed that
the state can’t tax.
What
are potheads going to do when they get the munchies or need to quench their
thirst and find that they can no longer afford to buy food or drink?
Democrats
in the formerly Golden State are also planning to raise taxes on corporations
earning more than $10 million and want to
base that tax on how much each corporation pays its CEOs in relation to its
average employee. They figure this Rube Goldberg tax scheme will net the
state another $2.5 billion, with the “revenue” earmarked for children, meaning
the teacher’s unions. (Memo to Democrats: you don’t need to up your bribe money
to groups who are going to vote for you no matter what). This new tax, if
implemented, would make California surpass New Jersey as the state with the
most punitive business taxes.
If
Governor Gavin (“free” health care for illegals) Newsom signs off on these new
taxes, California will inarguably become the highest-taxed state in the nation,
which would match its title as the state with the highest poverty rate. It’s
almost as if there were some kind of correlation. (See also, Venezuela).
California
legislators must have smoked a ton of pot themselves if they can’t figure out
that raising taxes on any and all other products (or services) will have the
same affect as it did with marijuana. To contemplate raising taxes on a myriad
of goods and businesses while at the same time lowering taxes on marijuana
defies logic and boggles a sane mind. Whether in the Land of Bilked Money or
anywhere else, you get less of what you over-tax and over-regulate and more of
what you subsidize.
If the
tax bills pass, there will soon be fewer businesses in California.
The
taxes will be higher, and the citizens will be, too.
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