California voters strongly support Gov. Jerry Brown's new proposal to increase the sales tax and raise levies on upper incomes to help raise money for schools and balance the state's budget, according to a new USC Dornsife/Los Angeles Times poll.There's only one big problem - taxes on high earners NEVER generate as much money as promised because the wealthy have all kinds of ways to hide or defer income, not to mention the fact they can vote with their feet and leave the state. Look at what happened in New York when they raised taxes on high earners? The high earners fled and New York was left in a bigger hole than the one in which they started.
Sixty-four percent of those surveyed said they supported the governor's measure, which he hopes to place on the November ballot. It would hike the state sales tax by a quarter-cent per dollar for the next four years and create a graduated surcharge on incomes of more than $250,000 that would last seven years. A third of respondents opposed the measure.
Brown's new plan, rewritten recently amid pressure from liberal activist and union groups that had a competing proposal, relies on a larger share of revenue from upper-income earners than his original measure. Correspondingly, it leans less upon sales taxes, which are paid by all California consumers. The poll shows that taxing high earners is overwhelmingly popular.
And I can only remember one time when "temporary" taxes actually were allowed to expire. Once enacted these taxes will be with us forever.
However, the high earners won't. They'll be gone.