Roll Tide -- AL Going Green

[First Shirt]

be shame if the balloon went up again and this time all the ordnance mfg was located in red states (ironically mostly in the South).

Grandpa used to say "We ain't still fightin' the Civil War, but we did hold onto our Confederate money, in case we do decide to fight it over again, and it comes out different next time."

Maybe he saw this coming?

[Kommander]

While there is no shortage of childishness and magical thinking from our would-be Democratic overlords in Sacramento, they haven't yet so abandoned their senses to imagine that they can restrict people's rights of free movement or association and decree upon whose fiefdom and manor the serfs must plow.

Did they not try something like that with retirees a few years ago?

I recall hearing an idea where a pension would have to pay taxes to the state it was earned in. So if someone moved to a new state they would have to pay taxes on the income to both their new and old state. I think stuff like that has a much better chance of getting through than overt population controls.

[Aglifter]

I'll struggle to assure that the Constitution never goes away by legal means, but I'll be damned if I'd let anyone set the clock back to pre-Magna Carta with nothing more forceful than a petition and court challenge.

Congress, under W and a GOP-controlled Senate and house, already prevented the wealthy from being able to leave the country…

[MiddleAgedKen]

Ah, yes, exit taxes. The interstate commerce clause (I think) prevents the states from doing it internally, but the feds (as we have seen) are under no such restriction.

[Termite]

Ah, yes, exit taxes. The interstate commerce clause (I think) prevents the states from doing it internally, but the feds (as we have seen) are under no such restriction.

You do know that with proper planning it is virtually impossible to enforce.............

[Aesop]

While there is no shortage of childishness and magical thinking from our would-be Democratic overlords in Sacramento, they haven't yet so abandoned their senses to imagine that they can restrict people's rights of free movement or association and decree upon whose fiefdom and manor the serfs must plow.

Did they not try something like that with retirees a few years ago?

CA, NFY, and other both-hands-in-your-pockets states had a policy of taxing the pensions of retirees from companies located there, despite said retirees moving to reside in low- or no-tax states (mom, God bless her, retired to Reno. She said she'd always wanted to move west of L.A.).

Once several thousands of retirees all robbed at gunpoint by state governments got their class suit to federal court, the feds pointed out to the state m*****f****** pocket pickers in no uncertain terms that their jurisdiction ended at the state line, and that bank and wire fraud and robbing retirees was naughty, they had to give it all back, with interest, IIRC. Unfortunately, none of the offenders were properly staked naked over anthills as ought to have been customary.

I'll struggle to assure that the Constitution never goes away by legal means, but I'll be damned if I'd let anyone set the clock back to pre-Magna Carta with nothing more forceful than a petition and court challenge.

Congress, under W and a GOP-controlled Senate and house, already prevented the wealthy from being able to leave the country…

Not quite. They've made it difficult to do so with everything you own, but difficult is not the same as non-possible, and the bar weeds out the incompetent, so its chief effect is to keep the non-bright rich people here indefinitely.
Thus more than anything else, it's a tax on stupidity, of which I heartily approve.
Now if they'd just apply it at the other end of the economic bell curve...

[Erik]

I recall hearing an idea where a pension would have to pay taxes to the state it was earned in. So if someone moved to a new state they would have to pay taxes on the income to both their new and old state. I think stuff like that has a much better chance of getting through than overt population controls.

In EU, the policy was that you have to pay any taxes you saved by moving to the old country. So if country A taxed pension as income with 30%, and you decided to move to country B that only taxed at 5%, country A would still grab the 25% not taken by country B. They originally wanted to take a full 30%, but that got country B upset, so the policy was to only take it's "fair share".

Not sure if that's still the active policy now, but there are agreements against "double taxation", which means you wont get taxed in two countries for the same income, i.e. you wont get stuck with 30+5=35%. And pensions are still taxable.

[Aglifter]

As I recall, in the US, the exit tax is paying the capital gains rate, on your entire net worth. Not sure how anyone would plan to avoid that, barring just not paying, after liquidating and transferring out your US assets - of course, that would preclude ever coming back to the US. (Not the best option for most folks.), and having to dodge a warrant.

As far as a tax on the "stupid" rich - one of the co-founders of FB had to pay a rather large sum to change his citizenship to Singapore, so… Not sure what source you guys have.

[Aglifter]

Sweden used to have a tax treaty w. the US where income made in the US was taxed at US rates, and exempt from Swedish - long ago.

We will see, almost, the end of serious American wealth in the fairly near future. Europeans are, just about, exempted from death tax - no idea about the Chinese - but the people who grow up wealthy in the US seem to mostly be European, now.

As long as the US keeps that particular bit of Communism, we are destined to be completely corporate owned.

[Jericho941]

I wonder what it's like to be rich enough to have those problems.