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California’s War Against Prosperity

amgreatness.com California’s War Against Prosperity › American Greatness

According to the U.S. Small Business Administration, small businesses are the backbone of the U.S. economy, generating 44 percent of all business activity. Take them out of the equation…

And in a bizarre twist of logic, white collar law partners and consultants, who collect higher compensation as hired clerisy for monopolists and billionaires, end up paying less in marginal taxes. As soon as their taxable income exceeds $160,000 per year, their 12.4 percent Social Security assessment goes away, and their marginal tax burden drops from 47 percent to 34 percent. In America’s supposedly progressive tax environment, a 47 percent marginal tax burden is not reached again until income exceeds $400,000 per year.

Interesting, isn’t it? A guy who takes on extra work to pay rent for his home and tuition for his kids and scrapes together $130,000 per year is paying more taxes on that last dollar than a corporate litigator whose last billable hour topped out at $390,000 per year. Some might say there is a distinction between Social Security taxes and “taxes.” But when your biggest concern is having enough money left to cover your monthly bills, that’s mumbo jumbo. Money for the government is money for the government. It doesn’t matter where it’s going or what you call it.

For California’s low-income communities, the situation is no better. How does it serve social justice to make the most basic necessities of life unaffordable? How does it serve environmental justice to cram millions of people into already crowded cities because a “greenbelt” has been stretched around every urbanized region of this vast, underpopulated state? How does it foster upward mobility for low-income families when the only thing achieving middle-class economic status brings is no more government subsidies and brand new, crippling rates of taxation in their place?

And then there is the entire spectrum of failed state phenomena—rampant drug addiction, decriminalized crime, a completely unregulated homeless population, and public schools where children are taught identity politics and climate crisis indoctrination, filling their heads with resentment and terror, instead of grammar and multiplication tables.

Why should anyone work anymore? Why try? The government schools teach values that nurture irresponsibility—blame systemic racism and corporate greed for anything missing in your life—and at the same time, government regulations have created an economy where even a hard-working and responsible person cannot afford to live.

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