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Millionaire Tax

Mon, 16 Apr 2012 17:30:49 GMT

The latest from the California governor Jerry Brown:

Brown also defended calling his proposal a “millionaires tax’’ on his initiative campaign website, even though the income threshold would be $250,000.

“Anybody who makes $250,000 becomes a millionaire very quickly if you save it. You just need four years,’’ Brown said. “It is a millionaires tax. It taxes millionaires, right? And it’s for schools. And it protects public safety.’’

You know a bad argument when it has many independent planks, all trying to reel in support from various angles.

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