WEBVTT - Rush Limbaugh Aug 18, 2020

0:00:00.080 --> 0:00:02.240
<v Speaker 1>They're rich are in the news. I love when the

0:00:02.400 --> 0:00:05.640
<v Speaker 1>richer in the news. New York Governor Cuomo openly worrying

0:00:05.680 --> 0:00:08.840
<v Speaker 1>that rich New Yorkers have had enough they won't stay

0:00:08.960 --> 0:00:12.040
<v Speaker 1>in his high tax, high crime state even after the

0:00:12.119 --> 0:00:17.160
<v Speaker 1>virus fades. Hint, they're already gone, Governor. Apparently, West Coast

0:00:17.200 --> 0:00:20.680
<v Speaker 1>liberals have the same fear. Democrat lawmaker introduced a bill

0:00:20.760 --> 0:00:23.599
<v Speaker 1>that would force rich California's to pay a wealth sur

0:00:23.760 --> 0:00:28.160
<v Speaker 1>tax even if they leave the state. State Assemblyman Bob

0:00:28.360 --> 0:00:32.080
<v Speaker 1>Banta wants to levy the additional tax on Californians worth

0:00:32.120 --> 0:00:35.600
<v Speaker 1>more than thirty million dollars. He claims this would only

0:00:35.640 --> 0:00:40.400
<v Speaker 1>affect thirty people and would supposedly raise eight billion dollars.

0:00:40.400 --> 0:00:43.440
<v Speaker 1>The kicker. If rich Californians try to avoid the wealth

0:00:43.479 --> 0:00:47.080
<v Speaker 1>tax by fleeing, they'd still have to pay the tax

0:00:47.120 --> 0:00:50.040
<v Speaker 1>for ten years. The first year after leaving, they'd pay

0:00:50.159 --> 0:00:52.800
<v Speaker 1>ninety percent of the tax. The tax would decrease by

0:00:52.800 --> 0:00:56.480
<v Speaker 1>ten percent every year after that. Assemblyman Bunta says that,

0:00:56.600 --> 0:00:59.640
<v Speaker 1>after all, these rich people accumulated their wealth while in

0:00:59.680 --> 0:01:02.320
<v Speaker 1>Califor warn you, so why shouldn't California tax him after

0:01:02.360 --> 0:01:07.800
<v Speaker 1>they leave? What nerve this brazen plan is theft, it's extortion,

0:01:07.840 --> 0:01:11.600
<v Speaker 1>it's punishment, all roll into one, and it's pure socialism,

0:01:11.680 --> 0:01:14.440
<v Speaker 1>which is what the Democrat Party has become. If you

0:01:14.560 --> 0:01:18.360
<v Speaker 1>are successful in life, Democrats see you as a target

0:01:18.560 --> 0:01:21.280
<v Speaker 1>and a suspect, and now they don't even bother trying

0:01:21.280 --> 0:01:23.840
<v Speaker 1>to hide it. You should try hiding what you have.