Maybe actors and other Hollywood types are only acting when they embrace statism?
We’ve already seen Hollywood liberals like Rob Schneider and Jon Lovitz complain about class-warfare policy.
And Gerard Depardieu moved out of France to escape the suicidally destructive taxes being demanded by French president Francois Hollande.
But the most shocking news is that even Bill Maher is getting irked that he’s being treated like a pinata.
Take a look at this short video. Ignore the first 2/3rds, which is Rachel Maddow making inane comments about the Ryan budget, and notice what Maher says in the final part.
Wow. He notes that the rich pay the overwhelming share of the federal tax burden (hmmm…I wonder if he watched this video).
And he’s not overly happy about California raping him with a new top tax rate of 13.3 percent.
Closet libertarian?
So now he’s saying he may move out of the state, just like Phil Mickelson. I won’t believe it ’til I see it, but for every well-known celebrity who publicly speculates about migrating to a zero-income tax state, there are probably dozens of investors, entrepreneurs, and small business owners who actually take that step.
And this, folks, is one of the reasons why class-warfare tax policy is so pointlessly destructive.
Reagan showed us in the 1980s that lower tax rates on upper-income taxpayers can generate more tax revenue. California is doing the same experiment, but in reverse.
Magnitudes matter, so we’ll have to wait and see before determining the net impact of Jerry Brown’s tax hike on California tax revenue. But I will blindly assert with confidence that revenues will be far below what politicians are hoping to collect.
In other words, we will see the revenge of the Laffer Curve, regardless of what Bill Maher decides.
P.S. I can’t help adding that Rachel Maddow doesn’t know what she’s talking about. The Ryan budget does not propose a net tax cut, so it’s absurd to claim – or even imply – that there will be “tax cuts for the rich” financed by changes to healthcare. That budget does propose reforms to Medicare and Medicaid, but those changes are to salvage the programs by making them sustainable.
Maher is a jackass. He may be upset because he personally is affected by taxes, but if he moves out of state, he’ll then be all in favor of soaking people who actually work for a living
Reagan showed us that the THEORY of giving the rich more, so they can shuffle the money down to the poor to be A COMPLETE AND UTTER FLOP! Some of the quotes you take here are a bit biased to say the least, Reagon was a complete idiot just like the presidents before and directly after. Proof, WAR ON DRUGS, what a complete bank job, how much do we spend on the war on “Marijuana” alone, and the fact they LIED, and said marijuana is worse than herione, seriosly, you want to quote this moron! The Contra No new Taxes, the republicans boarder traitorism, they have decieved the American public, while the democrats that follow, just put a bandade on a STAB WOUND! Both the partys talk big differences then play the same softball game same umps same players same conditions and expect something new?????? Wake it up America we need to pull our heads out!
Geo – “Reagan showed us that the THEORY of giving the rich more, so they can shuffle the money down to the poor to be A COMPLETE AND UTTER FLOP!”
So you believe that lowering the tax rate for higher earners equals giving the rich more? You also believe that the “rich” need to shuffle money down to the poor? Seriously?
Reagan lowered the tax rates on higher earners and the tax revenue paid by higher earners increased! If anything, you could claim that Reagan “soaked” the “rich”! In 8 years, 1980 – 1988, the taxes paid by millionaires increased by over 10x! Would you also like me to show you how much the unemployment decreased during that same period from 1980 to 1988?
Use you BOT head your nerd! …… Reaganomics works! NOT LIKE OBAMANOMICS!
Tell me why the Laffer curve isn’t right. It states that if tax rates were 100%, we’d get zero revenues because no one would work for nothing, and if tax rates were 0% we’d get zero revenues (0% of anything is zero). So there is some point in between where revenues are maximized, but it can’t be found by just increasing rates. So let us have a flat tax, with adjustments like generous personal exemptions, but one that requires congress to set a new tax rate every year, so we see each year if the past year’s increase (or decrease) increased or decreased revenues.
[...] it a surprise when pro golfers like Phil Mickelson warn they may leave the state. But when even a certified leftist like Bill Maher says he’s thinking about escaping, you know the situation is [...]
[...] it a surprise when pro golfers like Phil Mickelson warn they may leave the state. But when even a certified leftist like Bill Maher says he’s thinking about escaping, you know the situation is [...]
Guess not….
Bill Maher New Rules – Libertarians are Selfish