Homepage › Forums › Current Events Board › More tax breaks for the rich.
- This topic has 7 replies, 4 voices, and was last updated 1 year ago by
Mick1.
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March 20, 2025 at 4:57 pm #9929
cardcrimsonParticipantHeard on KCBS that Newsom is giving a $300 million tax break to 51 film producers in the state as an incentive to film in the state. That’s $6 million of your tax dollars going to each of them, because the Dems have made everything so damn expensive here.
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March 21, 2025 at 11:28 am #9931
Mick1ParticipantMy first thought: AYFKM?
My second thought: Why would I be surprised? Hollywood is a Democratic backbone, maybe the Dem backbone. Of course, they take care of their own.
Hollywood is the epitome of “Rules for thee, but not for me” attitude. I know the most prominent divorce attorney in Hollywood. This woman is exceedingly tough and difficult and she knows it. She was looking for an assistant (she goes through them quickly) and she has only one prerequisite: they have to have experience as a Hollywood assistant, for an A-list producer, director or actor. Why? Because they’ve already had to work for an abusive boss and would be accustomed to 24/7 BS.
And Newsom can’t afford to lose Hollywood. He’s lost the entire agribusiness industry, labor, small business and big business. He’s got to be able to keep finance, silicon valley, big media, big law, and big academia.
51 Productions Secure California Tax Credits in a Bid to Keep Filming Local
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This reply was modified 1 year ago by
Mick1.
Audaces fortuna iuvat
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This reply was modified 1 year ago by
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March 21, 2025 at 11:36 am #9933
Mick1ParticipantMore on Newsom and state finance. Did you know that the State of California budget in 2020 was $200 billion…but in just two years, the 2022 budget increased to $300 billion?
If you’re a Republican who wants to game plan against Democrats in general and Newsom in particular…just read these two articles, a horrorshow of financial malfeasance in which a $97.5 billion surplus is transformed into a $73.5 billion deficit by the least competent governor that California has ever had:
California’s Budget Black Hole: Where Did the $97.5 Billion Surplus Go? – California Globe
Audaces fortuna iuvat
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March 22, 2025 at 5:00 pm #9945
BeyondThunderdome
ParticipantThese are incentives to do business in California. But perhaps we can agree that increasing income and capital gains taxes on rich individuals makes sense.
NO MALARKEY
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March 22, 2025 at 5:28 pm #9946
cardcrimsonParticipantMore money for FOGs . . . .
How about taxing the endowment income of institutions of allegedly higher learning?
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March 22, 2025 at 8:14 pm #9949
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March 25, 2025 at 11:08 pm #9961
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March 26, 2025 at 9:14 am #9962
Mick1ParticipantThese are incentives to do business in California. But perhaps we can agree that increasing income and capital gains taxes on rich individuals makes sense.
I could agree to it, particularly given its inevitability. I think GR’s wealth tax would be a good idea.
Of the many, many things I’ll never understand about Kamala Harris is the fact that she started a “soak the rich” tax plan…and then dropped it. It was her only good idea, the only thing Trump wouldn’t do, and the only thing that could set her apart.
I’m being disingenuous, of course. I know exactly why she dropped it. Because 178 billionaires backed Biden and the Dems. Because she raised well over a billion dollars from the same rich technologists, financiers, industrialists, investors, entertainers, lawyers, media personalities and everyone else who told her to shut the f up or they would dry up the money…the exact, same thing they told Bernie Sanders eight years ago.
The real third rail of American politics isn’t social security. It’s low taxes on the rich.
Audaces fortuna iuvat
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