OskiMD;842311953 said:
I have only one question for you. Are you subject to Prop 30? If you have at least $250k tax burden, you will be paying an additional 1% (on top of an already eye popping 8.3% previously) for more State taxes. For a $250,000 income, that means an additional $25,000 of your hard earned income going to pay CALPERS pension funds. If not, your opinion is pretty worthless since you're advocating taxing other people, which is always so easy to do.
For physicians, dentists, pharmacists, and other professionals who accumulate huge amounts of debt that they actually have to pay back (20 years of making 10% of income payments and discharge the rest doesn't apply here), that makes living in CA really financially unattractive. Obviously, you don't care (apparently they should feel obliged to pay more taxes), but many people affected by Prop 30 are not 1%ers like Donald Sterling.
OK here is my 2 cents.
I too voted for Prop 30.
I make more than $250,000
and I give back to Cal.
I appreciate what those who built up the State of California and the University of California.
I grew up poor and attended Cal in the 1960's when tuition was $100/semester and I was able to work my way through Cal and wind up with $0 debt when I graduated.
I paid for law school with the GI bill and again graduated with $0 debt thanks to the government program to help Vets.
I have benefitted greatly from a mostly "free" public education at the GREATEST UNIVERSITY IN THE WORLD.
Sure without Prop 30 and without my donations to Cal I would have a lot more spending cash. But I am making more than I ever thought possible when I was a kid. I want to do my bit to help the State of California and the University of California. When you shrug off this mortal coil, what does it matter how many cars you have, or how big your house is, or how many vacations in the South of France you had.
I am not speaking of the middle income citizens; but of those earning over $250,000 (and those earning well over $250,000). The thought that I would leave the state and the University that allowed me to gain the skills that I needed to make my life a success, and move to a low-tax state so that I could keep to myself more of the money that my education allowed me to earn, is inconceivably selfish.
Imagine if you had parents who scrimped and saved to give you a good education, and you abandoned them in their old age living in a hovel on the wrong side of the tracks. Sorry Mom and Dad I would like to help you buy this week's groceries; but i have my country club dues to pay and I can't spare you any of my money.
But this is America and those that disagree with me are free to do so.