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Public Notice Executive Director Gretchen Hamel on the impact of tax hikes on the wealthy.
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They have a point and isn't -- bit rich for states and countries pushing higher taxes on the rich to assume they'll get much more know.
From the rich after they do history suggests just the opposite.
Tax watchdog -- -- -- here -- questions.
I can't blame these guys.
You know for wanted to go elsewhere when just the cost of being where they are gets is prohibitive as it's become.
Absolutely and this -- that you know case where we see higher taxes being counterproductive.
And in -- costing states and costing countries.
Billions of dollars because he had these high wealth high profile individuals who just decide to leave.
-- Americans make these decisions every day ticket they make decisions about where they spend their money at their taxes go up -- Like art Laffer and statement.
I have more solve between 1990 and 200711100.
People daily day in and day out 360 -- -- year.
Let's high in -- tax states to go to low income tax states and that shows that people vote with their feet.
Well California's experience that -- -- -- had a few years ago when they start out in this.
This wealth light of all of them.
Upper income Californians visibly moved next door to a much lower tax state of Nevada -- that and that has firing on all cylinders but the bottom line was.
That it says a lot about the well to do war or even though slightly.
Better off of them than others sued -- when their attacks today helped a little details and -- well it's a global trend here what are we to make of that.
What I think it's something that we need to take into consideration as we're about to head into you.
Basically four months of long fiscal debate hearing on Capitol Hill when he can see you.
That bad -- when it had skewed the sequestering continuing resolution the president has made it clear that he wanted balance approach and that he wants taxes to be on the table and it's not a -- she's not but it's.
It's not announced that all.
But we need to take this -- consideration that we raise taxes once every one is seeing less money in their paycheck and now we're gonna ask people that don't pay even more many.
These companies are gonna start looking for other places too timid to and that's why we've seen a lot of kind a lot of companies move ever see it's not just to move out to other states -- move overseas because of the cost -- doing business here.
Because of regulations and it hasn't taxes it's just not conducive and we need to create an environment where the economy can pride and that where we get to the root of the problem here and -- the problem is spending -- -- it has become a drag on the economy and spinning -- becoming a drag.
-- businesses and individuals who want to succeed here in the US.
By the way Girardeau diverted to go anywhere he wants.
I'd saved France's lucky no I'm not to have them but but.
My point with a lot of this stuff polls -- here my taxes went on.
On I generally was prepared for that -- -- elections have consequences taxes on the upper income of one another and I except that I didn't like get accepted it but I would have been.
Better -- it if if I knew there was a corresponding zeal to cut spending in other words for the extra taxes on giving and -- There is -- resolve -- to cut the waste and abuse in government spending and I don't see that quid pro quo so I feel like I'm doubly screwed.
That -- added that it it is one thing you know to fund this nonsense but then -- to get a bill that to fund more than it is is is doubly insults.
In American people are just that same mindset we released the -- just last week that said.
You know over 70% of Americans believe that -- that the government is spending too much money they don't you don't believe that these tax dollars are going to the problem and.
And I -- president doesn't even bring it up in his inaugural address even in the broadest of terms.
My my aren't isn't dead it's not even on the agenda so when it's not a -- Eminem made he'll come out in the state of the united front.
-- -- -- -- -- You know I'm not encouraged either -- I think right now we're at a tipping point sixteen point four trillion dollars and that we have an opportunity here we all need to be holding our members accountable and letting them know that talk is cheap and that we can -- continue on this path because our economy and our future and our generation can't afford it.
-- your generation because on this -- mind yours is albums and I don't know about you yeah -- -- OK well he would defend yourself like -- and thank you very much -- -- again.
Think yes well.
