By James E. Miller Unlike the majority of us who live relatively boring lives, Kim Kardashian has made a career out of selling the public an up-close-and-personal view of her private affairs. This recently included a rumored farce of a wedding to NBA superstar Kris Humphries, which fizzled after only three days but made the reality star millions.
Ms. Kardashian's financial success hasn't been met warmly by everyone however. According to the Wall Street Journal, an activist group composed of union and left-wing political interests has started a campaign to push for an increase in California's millionaire's tax and is targeting Kardashian directly. Titling themselves "Courage Campaign," this association is dedicated to "bringing progressive change and full equality in California and across the country." In addition to their website TaxKimK.com, the group has created a video to promote their agenda. The video claims that Ms. Kardashian made more than $12 million in 2010 yet only paid 10.3 percent in taxes. That's only "1 percent more" than the 9.3 percent that "middle class" Californians pay.
Like ravenous sharks at the smell of blood, Courage Campaign has its eyes set on more income ripe for plundering through taxation. Their aim is to increase the Golden State's millionaire tax from 10.3 percent to 13.3 percent for income over $1 million and 15.3 percent for income over $2 million. On top of California's already horrendous business climate, this tax will undoubtedly provide more of an incentive for Atlases to do the proverbial shrugging and flee overzealous and overburdening government regulation.
Whether or not you agree with the type of life Kim Kardashian leads is ultimately a question of morality and ethics. However, her ability to attract fans and monetary compensation is something to admire. Unlike the government, Kardashian forces… (Read more)
Source: Mises.org
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