Comments on: John Chiang Blazes Future of CA Politics https://calwatchdog.com/2011/06/27/john-chiang-blazes-future-of-ca-politics/ Wed, 25 Mar 2015 05:57:12 +0000 hourly 1 By: Adelita por libertad https://calwatchdog.com/2011/06/27/john-chiang-blazes-future-of-ca-politics/#comment-5466 Tue, 28 Jun 2011 10:31:40 +0000 http://www.calwatchdog.com/?p=19323#comment-5466 Rogue Elephant, what a great idea!!! That should be an initiative! I’ll help gather signatures, even if SB 448, which has passed in the State Senate already, passes in the Assembly and we have to wear big dorky signs around our necks while we gather the signatures. http://www.citizensincharge.org/videos/paul-jacob-and-his-yellow-badge-head-to-california We can always wear another sign too, that tells why we defy being shamed into silence and serfdom.

]]> By: Rogue Elephant https://calwatchdog.com/2011/06/27/john-chiang-blazes-future-of-ca-politics/#comment-5465 Mon, 27 Jun 2011 22:05:47 +0000 http://www.calwatchdog.com/?p=19323#comment-5465 Here’s some audacity, for you. Here’s an idea to help solve the budget and pension crises – a Windfall Pensions Tax! It would work like this:

For every $10K in state/local pensions received (cumulative for those collecting multiple pensions) over the state’s median houshold income (two-person household), that income would be taxed at an extra 2%.

The median household income (two-person) is around $39K. So, a pensioner receiving a $60K pension would be taxed an additional 4% (2 * .02), or $2400. A pensioner receiving a $100K pension would be taxed an extra 6% ($6000). A pensioner receiving $200K would be taxed an extra 32% ($64K), while those reeceving $400K would be taxed an extra 72% (leaving them with $112K, almost 3x the median income). Those being paid $500K (and, yes, there are some) would be taxed at 92%, leaving them w/ $40K – just around the median income. (Okay, maybe we could cap it at, say, 50%.)

This tax would punish the greedy, who are trampling on California’s working people. It would also eliminate the need for pension reform. (After all, pension reform can do nothing about past pension commitments, only prospective pension commitments.) If you can’t beat ’em, tax ’em!

C’mon, GOP! Here’s a tax you can support!

]]> By: Bev Miller https://calwatchdog.com/2011/06/27/john-chiang-blazes-future-of-ca-politics/#comment-5464 Mon, 27 Jun 2011 19:53:17 +0000 http://www.calwatchdog.com/?p=19323#comment-5464 I’m very proud of State Controller Chiang. I called him and thanked him for staying firm. You can too!! (Sac office: (916) 445-2636 Office; (916) 322-4404 FAX; or LA office:(213) 833-6010 Office; (213) 833-6011 FAX)

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