Wednesday, May 17, 2006

Phil Angelides: Tax Raiser

  • California Gubernatorial candidate Phil Angelides is distinctively anti-Objectivist. Phil Angelides holds the belief that high-income taxpayers in California can be punished and punished and, due to California’s great climate, eccentric population, and remarkable culture, would never leave. Phil Angelides does not believe that individuals who go to graduate (or professional school), spend a great deal of hours gaining experience, and who truly work hard and “play by the rules” (to use a Democratic slogan) should reap the benefits in this state.

  • Phil Angelides wants to punish the productive class. Phil Angelidehas promised that his first act as governor would be to punish the individuals who work the hardest, pay the highest share of taxes, and who generate billions in state economic activity. This philosophy indicates that he wants to re-radically re-establish our system of punishment and rewards. Thus, if an individual starts a business, that person must be punished the moment that they become “wealthy” (according to the definition of the elite politicians.).
  • Phil Angelides is a closet socialist. Phil Angelides, like many Soviet Union-era politician, holds the belief that government agents ought to control the population by controlling the economic activity of the state. This is exactly what Mr. Angelides wants to do: he wants to raise taxes so that the government, not the private sector, will have more funds. Further, Mr. Angelides wants to channel this money towards the parasitic class. In this particular election, the parasitic class’ pet project is “universal pre-school”—which already exists! (There is a federal program called “Head Start”—which is means tested to ensure that only the rift-raft class is eligible).
  • Mr. Angelides is a good deal for the parasites, but not for the productive. The same politician who wants to punish the hard working wants to reward the worthless class of parasites. For instance, Phil Angelides believes that the parasites, the rift-raft population, the illegal alien, the gangsters who terrorize our government-run schools, the child rapists, and the unproductive welfare queens should be rewarded. In this present election, Phil Angelides wants to impose an additional 1% income tax on individuals earning more than $400,000 ($800,000, for those lucky enough to be married; perhaps we could call this the ‘discrimination against those who are too ugly, sick, or are too gay to get married’) so that illegal aliens can send their ten kids to pre-school. In contrast, Mr. Angelides wants to lavish these groups of people with more subsidies—even though it will not cause them to be more productive or change their behavior. They will be just as worthless to the state of California as before, but the productive will be harmed.
  • California’s high income tax rate has chased away the very rich people that Mr. Angelides wants to tax! Venus Williams and Tiger Woods are the most notable high income earners who have left California for state income tax-free Florida. Apparently they were not convinced that they should “sacrifice” their income for the benefit of the parasite class. Income tax rates do affect human behavior. Mr. Angelides is either na├»ve or stupid if he believes that he can raise tax rates and increase tax revenue. More than likely, the higher tax rates will be a tax loser as the productive class leaves, leaving the middle class on the hook to pay for the voracious appetite of the parasite class. Is there any surprise that Bill Gates lives in state income-tax free Washington state?

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