Mitt Romney thinks almost half the nation is a bunch of crybaby, irresponsible victims living on the public dole rather than paying their own way. To his way of thinking, asking the wealthy to pay taxes to carry their freight is at the center of a class war that persecutes the rich.
Mitt, consider yourself lucky, there is a move afoot in France to up the tax rate on the wealthy to 75%. If you want persecution, move yourself and your money out of the U.S. and into that cute little winery in Provence you’ve had your eye on.
According to the San Jose Mercury News, the states with the highest taxes on the wealthy also have the highest per capita number of millionaires. As Mitt knows first-hand, apparently hiding your money in the Caymans is preferable to actually moving there.
This statistic seems odd when the conventional Republican wisdom is that higher taxes on the wealthy will lead to a mass exodus to escape the unfairness of it all.
California, with the second highest “millionaire tax” in the nation at 10.3%, has a statewide proposition pending to raise the tax rate on the wealthy to an outrageous 13.3%. The bulk of the money would go to schools that benefit the wealthy by training workers they now import from overseas because they claim they can’t get them here. I believe you call this “growing jobs”. Some of the money would go to fixing Third World style roads on which you drive your limos and cutting the debt you so decry.
As a point of reference, I ain’t no millionaire and 13.3% is considerably less than what I pay.
Unlike Mitt, I can’t throw a few extra dollars the Mormon Church’s way to lower my “burden”. I don’t make enough. Still, I throw plenty at places where it goes to feeding and housing ultra-low end 47 Percenters rather than casting big-ass, tax-free gold statues of the angel Moroni.
I can’t move my vast financial empire to the Caymans or into Swiss bank accounts. I don’t make enough. My wife does own two horses, one of which is permanently lame and the other for sale. Neither is an Olympic dancing horse.
I do take a miniscule deduction on my almost paid off mortgage. I’d guess that Mitt’s write off on, say, a Malibu Barbie Ann beach house, financed by a below market, low-interest loan from Bain, would be considerably larger than mine.
So California wealthy people, stop carpet-bombing the rest of us with ads foretelling financial Armageddon if you pay a 3% tax increase which, because of your available tax dodges, will amount to an actual increase of almost zero. If you haven’t run away from such a dastardly and onerous imposition already, I’d guess you wouldn’t now.
BTW, don’t worry about skipping out on your share. I’m sure my higher taxes will make up the difference. I wouldn’t want you to lose sleep over it.
It looks like most of the 53% are victims too.
Cross posted at The Omnipotent Poobah Speaks! More than politics, more than pop culture & humor.