There's going to be A LOT of business 'refugees' moving to red states. The thing red states need to do through is enact ALL anti insane legislation NOW. Anti mutilating kids, more gun access, sensible restrictions on abortion etc
Do that, and when these companies move it'll be like a sieve, filtering out all the nutjob crazies in the move as they can't be degenerates like in the blue hellholds
Then when it comes out, they pretend it’s a good thing. Like when Cracker Barrel was leaving, I saw lots of comments about how it’s fine because of things like “who wants their disgusting, pre made food anyway?” “That is fine, we have local places! Who needs chains.” (Please ignore the fact a lot of their local business is dying), and “It’s because no one wants to support a racist business like that” (could have fooled me since the ones I see in the Midwest are always packed).
Meanwhile, my states are struggling to find enough workers, which is raising wages for everyone keeping for workers, and all of the newbies I see are ones who are all in on “Fuck where I came from. And may they all burn in hell and never return.”
Many cities killed off their local businesses with the lockdown too. In San Francisco, the office vacancy rate is 30% and still growing. It's hitting a death spiral where worsening conditions leads to demand for more public services leads to more taxes leads to loss of business leads back to worsening conditions.
Meanwhile, here in my neck of the woods, almost all of our local business survived Covid, with the handful of exceptions being ones that everyone knew were already on their last legs or had unusual situations (like the restaurant where the owner had been looking to retire for years).
And when the riots came around, they were met in places like Omaha and Kansas City by a grim expression and a solid billy club. And when BLM went crying to the locals about “police brutality”, the locals overwhelmingly said “you punks got what you deserved.”
But if you ask the Leftist on places like Reddit, we are still living in the past and the future is in places like Portland and San Francisco.
In Florida, the only places going out of business are those with prices too high and wages too low, severely mismanaged, or being sold to developers. Still pissed about that last one. There's several dead lots where once thriving businesses were thanks to these greedy fucking land owners and development companies.
The capital gains tax applies only to individuals and profits above $250,000 per year, according to the state’s Department of Revenue. The tax does not apply to real estate or assets held in retirement accounts.
As with every single historical case ever, "for now". Sure, now it's 250k/year. 5 years from now, it will be 200k per year (assuming we don't Weimar our way to 250k being minimum wage), then 100k, then everyone.
Sure an employer-matched 401k, 403b, or Roth IRAs is probably the smartest choice for most people but these taxes punish people who want to manage their retirement on their own with mutual funds or other investments.
I remember reading that the initial income tax proposal was just a few %, and people were outraged over the idea.
It was a couple percent on the top 1% of earners, just to pay for war preparations and military upkeep. Don't worry, commoners, it will never affect you.
401k and IRA contributions have limits. If you have good income and are serious about saving you will run into them.
If you're a billionaire and able to get a line of credit on your portfolio at 3% to pay expenses without selling shares, you will never run into this tax. Warren Buffet, Elon Musk, et al will never be affected by this. If you're a doctor or lawyer who isn't wealthy enough to get those sub-prime rates on equity lines of credit, you will.
the original income taxes in the 1800s got slaughtered by SCOTUS, but when the first one that didn't get overturned passed congress, it was only on the ultra rich. 10 years later, they lowered the threshold to cover half the population. since then, the tax rate has only gone up as more and more things become taxable.
really all this does is make it so company owners also have a marketing arm that pays a shitload to a lifestyle agency and the owners are the beneficiary, deducting practically everything.
The initial proposals were on 25k a year. They walked it back to 250k, and now that they got the Court's stamp they'll be moving the line back to 25k with a quickness.
“In honor of the Washington State Supreme Court’s wisdom and knowledge of the law, and in recognition of whatever it may do next, Fisher Investments is immediately moving its headquarters from Washington State to Texas,” Fisher said in a statement.
There's going to be A LOT of business 'refugees' moving to red states. The thing red states need to do through is enact ALL anti insane legislation NOW. Anti mutilating kids, more gun access, sensible restrictions on abortion etc
Do that, and when these companies move it'll be like a sieve, filtering out all the nutjob crazies in the move as they can't be degenerates like in the blue hellholds
It is already happening. Oregon has seen a flood of companies leaving but you aren't 'allowed' to report on it.
They fired a journalist for a story about it at one of the left wing rags up here.
Then when it comes out, they pretend it’s a good thing. Like when Cracker Barrel was leaving, I saw lots of comments about how it’s fine because of things like “who wants their disgusting, pre made food anyway?” “That is fine, we have local places! Who needs chains.” (Please ignore the fact a lot of their local business is dying), and “It’s because no one wants to support a racist business like that” (could have fooled me since the ones I see in the Midwest are always packed).
Meanwhile, my states are struggling to find enough workers, which is raising wages for everyone keeping for workers, and all of the newbies I see are ones who are all in on “Fuck where I came from. And may they all burn in hell and never return.”
Many cities killed off their local businesses with the lockdown too. In San Francisco, the office vacancy rate is 30% and still growing. It's hitting a death spiral where worsening conditions leads to demand for more public services leads to more taxes leads to loss of business leads back to worsening conditions.
Exactly how my SimCity 2000 cities always failed. :(
Yep. And they refuse to even acknowledge there is a problem, which just makes that cycle even worse and more unrecoverable.
Yeah we don't have any local places left, they all got firebombed during the riots or were forced out since no customers go downtown anymore.
Soon it will be a Detroit level city where half the downtown is just boarded up empty buildings.
Meanwhile, here in my neck of the woods, almost all of our local business survived Covid, with the handful of exceptions being ones that everyone knew were already on their last legs or had unusual situations (like the restaurant where the owner had been looking to retire for years).
And when the riots came around, they were met in places like Omaha and Kansas City by a grim expression and a solid billy club. And when BLM went crying to the locals about “police brutality”, the locals overwhelmingly said “you punks got what you deserved.”
But if you ask the Leftist on places like Reddit, we are still living in the past and the future is in places like Portland and San Francisco.
Given how dystopic the future is, 'living in the past' is not the own Lefties think it is.
In Florida, the only places going out of business are those with prices too high and wages too low, severely mismanaged, or being sold to developers. Still pissed about that last one. There's several dead lots where once thriving businesses were thanks to these greedy fucking land owners and development companies.
If WuFlu ultimately kills commercial real estate, I will not shed a tear. Slimy fuckers had it coming for years as far as I'm concerned.
Too late. The infection is already there. The thing is to burn them out. Like Orlando and Austin.
a lot of red states already have roaring economies.
As with every single historical case ever, "for now". Sure, now it's 250k/year. 5 years from now, it will be 200k per year (assuming we don't Weimar our way to 250k being minimum wage), then 100k, then everyone.
Thanks to inflation they don't even have to change the limit.
Sure an employer-matched 401k, 403b, or Roth IRAs is probably the smartest choice for most people but these taxes punish people who want to manage their retirement on their own with mutual funds or other investments.
I remember reading that the initial income tax proposal was just a few %, and people were outraged over the idea.
It was a couple percent on the top 1% of earners, just to pay for war preparations and military upkeep. Don't worry, commoners, it will never affect you.
401k and IRA contributions have limits. If you have good income and are serious about saving you will run into them.
If you're a billionaire and able to get a line of credit on your portfolio at 3% to pay expenses without selling shares, you will never run into this tax. Warren Buffet, Elon Musk, et al will never be affected by this. If you're a doctor or lawyer who isn't wealthy enough to get those sub-prime rates on equity lines of credit, you will.
the original income taxes in the 1800s got slaughtered by SCOTUS, but when the first one that didn't get overturned passed congress, it was only on the ultra rich. 10 years later, they lowered the threshold to cover half the population. since then, the tax rate has only gone up as more and more things become taxable.
really all this does is make it so company owners also have a marketing arm that pays a shitload to a lifestyle agency and the owners are the beneficiary, deducting practically everything.
That's like an obese landwhale telling you she'll only eat a spoonful of that tub of ice cream. Do you really believe it?
Yes. Her spoon is bigger than a bucket loader, though.
The initial proposals were on 25k a year. They walked it back to 250k, and now that they got the Court's stamp they'll be moving the line back to 25k with a quickness.
That's a nice way of calling them Fucking Morons.