From: punditster@gmail.com   
      
   On 2/19/2026 4:26 PM, Noah Sombrero wrote:   
   > On Thu, 19 Feb 2026 15:16:31 -0800, Dude  wrote:   
   >   
   >> On 2/19/2026 2:43 PM, Noah Sombrero wrote:   
   >>> On Thu, 19 Feb 2026 14:18:20 -0800, Dude  wrote:   
   >>>   
   >>>> On 2/19/2026 2:02 PM, Noah Sombrero wrote:   
   >>>>> On Thu, 19 Feb 2026 16:47:12 -0500, Wilson    
   >>>>> wrote:   
   >>>>>   
   >>>>>> On 2/19/2026 4:38 PM, Dude wrote:   
   >>>>>>> On 2/19/2026 12:43 PM, Noah Sombrero wrote:   
   >>>>>>>> On Thu, 19 Feb 2026 12:39:03 -0800, Dude  wrote:   
   >>>>>>>>> Critics, argue it could negatively impact working people and that the   
   >>>>>>>>> top 1% already pay nearly half of the state's income taxes.   
   >>>>>>>>   
   >>>>>>>> And so it is that the labor movement has become thugs and a cabal of   
   >>>>>>>> communist academics.  Nah, you can't fool me with that shit.   
   >>>>>>>>   
   >>>>>>> That's because you have not thought this through. Otherwise, you would   
   >>>>>>> have posted your arguments, pro or con, to this list, instead of   
   >>>>>>> infantile emotional outbursts.   
   >>>>>>>   
   >>>>>>> The taxable obligation is wholly detached from a liquidity event!   
   >>>>>>>   
   >>>>>>> Unlike income and capital gains taxes, a wealth tax is entirely   
   >>>>>>> untethered from a liquidity event. “Asset-rich, cash-poor”   
   taxpayers may   
   >>>>>>> be forced to sell assets to meet their tax obligations, risking   
   >>>>>>> destabilizing asset and capital markets.   
   >>>>>>>   
   >>>>>>> Also, on a more personal level, consider whether one or both spouses   
   are   
   >>>>>>> California residents, the tax is imposed at a household level, so a   
   >>>>>>> couple with a combined net worth of $1 billion or more is subject to   
   the   
   >>>>>>> tax, whereas two unmarried individuals with just under $1 billion   
   apiece   
   >>>>>>> would not be taxed.   
   >>>>>>   
   >>>>>> Reportedly, some high net worth couples are seriously considering   
   >>>>>> divorce to avoid the proposed Cali billionaire wealth tax.   
   >>>>>   
   >>>>> Suits me.  It is not up to us to preserve their marriages.  Pay your   
   >>>>> damn taxes.   
   >>>>>   
   >>>> Wealthy people already pay most of the federal and state income tax.   
   >>>>   
   >>>> You get to work! Pay your fair share of income tax! How about 50% of all   
   >>>> income, including government pension and social security?   
   >>>>>   
   >>> If I were a billionaire,   
   >>>   
   >> You just proved my point. Not everyone is a billionaire and most are   
   >> wealthy on paper only.   
   >   
   > So those of us who lack a billion $ (paper or not) should be allowed   
   > to pay less and they should be required to pay more.   
   >   
   Key word: Progressive   
     The United States has a progressive federal income tax system, meaning   
   that tax rates increase as taxable income rises.   
      
   Under this system, higher-income households pay a larger percentage of   
   their income in federal taxes compared to lower-income households, who   
   may none at all.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)