One of Obama’s several autobiographies is entitled Dreams from My Father. His father floated the idea of 100% taxation. This dream could come true in Democrat-dominated California.
The Hill reports:
California Gov. Gavin Newsom (D) on Wednesday said he will impose a 100 percent tax on state residents who receive money from the Trump administration’s new $1.8 billion “anti-weaponization” fund meant to compensate those who feel they were wrongfully prosecuted by the government.
Governor Greasy will confiscate the money with relish:
“One thing that I think we’re going to try to do … is tax 100 percent. Anyone from California that receives any of those funds, we want to tax 100 percent of those proceeds. And that’s an action the state of California can take,” Newsom said. “It’s an action we look forward to taking.”
Democrats object to the fund on the grounds that it could compensate those unjustly persecuted following January 6. They call it a “slush fund” — which is rich coming from Newsom, who has his own controversial funds.
Via Fox News:
Among the programs that faced scrutiny was a $25 million California legal fund created to combat what Newsom described as “legal warfare” from the Trump administration. California Republican Senate Minority Leader Brian Jones later deemed the fund a “slush fund.”
Newsom also faced scrutiny during California’s 2021 recall campaign over the state’s use of no-bid COVID-19 contracts. A Kaiser Health News investigation found California awarded billions of dollars in emergency contracts to firms tied to donors, political allies and well-connected insiders.
Taxing at the rate of 100% is an idea sure to catch on among other Democrats. Being progressives, they will progressively apply it more broadly. At least it is better than executing CEOs.
As for what Newsom et al. would do with the loot, City Journal offers a possibility:
California is spending millions of dollars on a program that provides free solar panels, refrigerators, and windows to “low-income” farmworkers, including illegal immigrants.
It is believed that providing illegal aliens with free solar panels will please leftist weather gods.
Meanwhile, California faces a $2.9 billion budget shortfall that is predicted to rise, despite the highest income taxes in the nation. Not even 100% taxation could keep up with Democrats’ profligate waste of other people’s money.
On tips from abcanc.