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Proposed corporate tax hike
in California would aid homeless

Original Article

Posted By: NorthernDog, 1/14/2021 1:56:23 PM

SAN FRANCISCO — A California coalition is proposing legislation to boost taxes on wealthy multinational corporations to raise more than $2 billion a year to house tens of thousands of homeless people, addressing what has become a worsening problem in the country's most populous state. Supporters say Assembly Bill 71 would reinvent California's approach to solving homelessness — providing for the first time an ongoing, sufficient state funding source to get people off the streets. Opponents say it would contribute to the perception that California is hostile to business. “Our state is facing an unprecedented homelessness crisis that's on the

Comments:

How much money has been squandered 'helping the homeless'? Now they want to throw billions of dollars more to people who have no intention of living a mainstream life.

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Reply 1 - Posted by: CactusStar 1/14/2021 2:05:03 PM (No. 660799)
On the upside, maybe the will make it so appealing for the homeless to live there that many more will move there.
12 people like this.

Reply 2 - Posted by: bighambone 1/14/2021 2:11:49 PM (No. 660802)
If you look closely you would mostly likely find that it would be those so-called liberal or socialist Coalitions and their supporters who would end up with most of the money, with some of the money then passed through to Democrat campaign coffers, that’s what always occurs when the Democrats throw taxpayer’s money at a problem.
8 people like this.

Reply 3 - Posted by: mobyclik 1/14/2021 2:17:14 PM (No. 660809)
As if those corporations are going to dig into their wallets to pay those new taxes. Can you say 'The consumer will pay them in increased product costs.' Kalifornia doesn't care...''GIMME MORE MONEY!''
4 people like this.

Reply 4 - Posted by: bamapreacher 1/14/2021 2:17:31 PM (No. 660811)
This is merely a feel good gesture by the California government which will eventually use any money raised for nefrarious means. When the U.S. turns full communist in the next few years homeless people will be treated like they are in other communist countries, simply left to fend for themselves. But, in the meantime, it will appear the government is trying to help the homeless so it will gain praise from the mindless celebrity types.
5 people like this.

Reply 5 - Posted by: Pearson365 1/14/2021 2:27:42 PM (No. 660820)
The governors of Texas and Florida have to be diabolically clever, for it appears that they are secretly funding the Democrats who want to drive businesses out of California. For no normal politician would want to impose even more taxes on CA businesses in order to attract still more thousands of homeless drug addicts and psychotics with the promise of free housing, free food and free health care. Then again, few it any Democrat politicians qualify as normal.
3 people like this.

Reply 6 - Posted by: jimincalif 1/14/2021 2:33:32 PM (No. 660826)
Second rule of economics, if you tax something you get less of it and if you subsidize something you get more of it. So California is going to tax business income (our economic engine) and therefore get less of it (businesses will leave, they will have more incentive to keep income out of the state, or find other tax shelters) and they will get more homeless. Yeah, that'll work.
8 people like this.

Reply 7 - Posted by: earlybird 1/14/2021 2:33:40 PM (No. 660828)
Those few who read the article will find that this “proposed” bill” has only one named supporter in the legislature - Luz Riva - and the head of an organization for the homeless. I will not lose sleep over this. But the anti-Califorians love this stuff. Feed on these headlines from lefty sources like Yahoo.
2 people like this.

Reply 8 - Posted by: earlybird 1/14/2021 2:34:19 PM (No. 660830)
anti-Californians
1 person likes this.

Reply 9 - Posted by: LadyHen 1/14/2021 2:41:05 PM (No. 660838)
There is no such thing as a corporate tax. It is simply a cost of doing business that gets passed on to the consumer. The people will bear the brunt as always. In the end this is just a not so clever money laundering scheme. All these tax dollars will line the pockets of CA progressive libs via "contracts" and "charities."
5 people like this.

Reply 10 - Posted by: 4Justice 1/14/2021 2:41:12 PM (No. 660839)
#2 is right. The money will just get eaten up by politicians and bureaucrats and all their cronies. The taxes will push more businesses away, and the number of homeless will increase. Btw, folks, in California, not all homeless are mentally ill or alcohol/drug addicts. It is impossible to afford to live here. We have bus drivers here who make $100k/year who sleep in their vehicles 5 days a week because their commute is over 2 hour each way. Unless you are big tech and some kind of engineer or IT wiz making fat money, living here is nearly impossible. We are in a 5th wheel on private property (which really isn't allowed -- the last city kicked us out of our last place because of ordinances). It's all we can afford right now because we are both on fixed income and disabled. My partner is completely unable to work and only gets about $900/ mo. and I have to stay home to take care of him. We tried to get an apartment recently, but all we could afford was a studio smaller than my bedroom in the trailer and we would have killed each other. So, we went back to the trailer for now. It's all bad here. Who can afford over $2,000/mo rent and $3k deposit?
1 person likes this.

Reply 11 - Posted by: Jethro bo 1/14/2021 2:43:58 PM (No. 660845)
Just like a liberal. We are gonna tax companies not in Californistan regardless of the Commerce Clause in the Guidelines (some call it the Constitutional ) the framers enshrined.
1 person likes this.

Reply 12 - Posted by: bobn.t 1/14/2021 2:56:48 PM (No. 660861)
Don't your just love having bureaucrats giving your money to illegals, slackards, druggies, alcoholics, etx?
1 person likes this.

Reply 13 - Posted by: Omen55 1/14/2021 3:03:47 PM (No. 660877)
Bet those no state tax states are looking mighty good to these corps.
1 person likes this.

Reply 14 - Posted by: Heil Liberals 1/14/2021 3:08:04 PM (No. 660885)
A corporate tax hike? Because corporations pay taxes... Bwahahahahaha!
1 person likes this.

Reply 15 - Posted by: dst4life 1/14/2021 3:09:33 PM (No. 660889)
Associated Press = Communist Sympathizers = Gavin Newsome = Someone Headed for Recall = Dictator = Unreliable Source = Fake News.
1 person likes this.

Reply 16 - Posted by: DVC 1/14/2021 3:14:53 PM (No. 660904)
And drive out more businesses.
1 person likes this.

Reply 17 - Posted by: His_Highness 1/14/2021 3:17:41 PM (No. 660916)
Sure, raise corporate [or any other] income taxes to "help" the homeless. Unintended consequence A -- more homeless, as people are pushed out of jobs. Unintended consequence B -- fewer jobs, as companies who can leave, those who can't leave go out of business. At some point, these "unintended consequences" appear to be intended.
1 person likes this.

Reply 18 - Posted by: Calvinesq 1/14/2021 3:50:58 PM (No. 660942)
Haw Haw. Unfortunately, more businesses will relocate to Texas. Let’s cut California loose. They’d be better off taxing every politician elected in California. Sure are a lot of them with a D after their names.
1 person likes this.

Reply 19 - Posted by: LeeBertie 1/14/2021 3:53:13 PM (No. 660943)
Has anyone asked "The Homeless" if they would like to live in Gavin's Garden Ghettos?
0 people like this.

Reply 20 - Posted by: bad-hair 1/14/2021 4:15:58 PM (No. 660970)
When the IPO for HOMELESS comes around I want in. I'll do the fastest swap from IPO to short in the history of Wall Street. You can reach me at warrenbuffet.com.
0 people like this.

Reply 21 - Posted by: Starboard_side 1/14/2021 4:21:14 PM (No. 660973)
It's the Democrats' favorite trick, to fool many into thinking they're "taxing" those big corporations, or the one-percenters, when it really is a tax hike on everyone else. They fool the sheeple all the time. Then, when the gov't unions complain they don't make enough, they help them by getting a larger increase in their paychecks, which means more taxes will need to be raised to support those government union workers.
0 people like this.

Reply 22 - Posted by: Bur Oak 1/14/2021 4:46:48 PM (No. 660997)
The headline is a big lie but the tax increase will most certainly help the politicians and career bureaucrats.
0 people like this.

Reply 23 - Posted by: kono 1/14/2021 5:36:32 PM (No. 661033)
Proposed corporate tax hike in California would increase homelessness. There, fixed the headline. American Pravda still leading the charge towards the Left.
0 people like this.

Reply 24 - Posted by: bad-hair 1/14/2021 6:38:51 PM (No. 661094)
So we raise taxes on the homeful to help the homeless do what ? Buy a home so we can tax them? Sleepy Joe's waiting in the wings to open the doors to homeless who don't speak English. They're going to need homes.
0 people like this.

Reply 25 - Posted by: Fasteddie 1/14/2021 7:44:20 PM (No. 661148)
How much is the tax on a company that has moved out of the state?
0 people like this.

Reply 26 - Posted by: snowoutlaw 1/14/2021 7:51:30 PM (No. 661156)
About what they waste on high speed trains.
0 people like this.

Reply 27 - Posted by: or gate 1/14/2021 8:51:25 PM (No. 661182)
Yup run off more businesses.
0 people like this.

Reply 28 - Posted by: mifla 1/15/2021 6:08:16 AM (No. 661440)
Once again, corporations don't pay taxes. Their customers do.
0 people like this.

Reply 29 - Posted by: ROLFNader 1/15/2021 11:15:24 AM (No. 661789)
Should read " to house and attract the homeless"
0 people like this.

Reply 30 - Posted by: or gate 1/15/2021 4:33:33 PM (No. 662207)
Cali leaders must need a new car.
0 people like this.

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