As we all know, many rich people in WA are desperate to have their money taxed.
Well, at least when it comes to income.
Property....not so much.
However, if you think about it, property and assets are the only things that should be taxed.
If a person is working his way towards his first million, should we be pulling it out of his pockets all the way up the mountain?
I say no. Those who own the most assets should pay the most taxes.
Therefore, Mr. Gates, I think you should get behind Bob Hasegawa's HB 2100 which would impose a property tax on stocks, bonds and bank certificates of deposit over $1 million.
I think this is a more than fair way for those deriving the greatest benefits from society to pay for its services -- a stable currency, a strong military and educational system, freedom from crime and good transportation.
Mr Gates. Just as with the income tax, now speak up for HB2100.
I believe it is sorely needed and fair.
http://apps.leg.wa.gov/billinfo/summary.aspx?year=2011&bill=2100