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Florida Governor Signs $1 Billion Tax On EVERYONE - YouTube
Channel: The Young Turks
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in an effort to avoid raising taxes on
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the rich and on corporations
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florida's governor ron desantis has
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passed a regressive
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consumer tax when no one was looking
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he did it close to midnight he did it
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without offering any type of public
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comment and this is intentionally done
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to essentially allow businesses to skirt
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refunding the state's already pretty
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broken unemployment system
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so desantis quietly signed into law late
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monday a bill that will cost
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florida consumers meaning everyone in
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florida
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uh who shop online an estimated one
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billion dollars a year in sales taxes
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with the money used to cut business
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taxes so understand what he's doing
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there
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he is implementing a regressive tax
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meaning that
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it's a tax that everyone has to pay into
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regardless of what their income is
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which means that if you're poor it's
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going to negatively impact you
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and your ability to buy things you need
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for yourself and your family
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and he did that in order to prevent
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businesses
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from having to pay more in taxes he gave
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businesses a tax cut while increasing
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taxes on consumers in the state
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the bill is estimated to tax consumers
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one billion dollars a year
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with the money first earmarked for the
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unemployment trust fund which became
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depleted because of massive job losses
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during the covet 19 pandemic
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businesses pay taxes that go into the
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trust and without another source of
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money
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would have faced higher taxes to
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replenish the fund
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but they don't want to do that
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businesses don't want to pay higher
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taxes to replenish that fund
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so of course that cost gets shifted over
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to consumers after the fund is
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replenished it's a double whammy i'm not
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done yet
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after the fund is replenished the
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revenue will be used to make a major cut
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in the
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commercial rent tax long a target of
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business lobbying groups
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senate president wilton simpson and
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house speaker chris
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sprouls agreed to reduce the commercial
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rent tax from 5.5 percent
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to 2 percent so double whammy there
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hurting the constituents of florida but
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of course uh providing
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more goodies to business owners in the
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form of tax cuts
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nando uh are you going to defend the
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great state of florida
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state that you're from yeah ron desantis
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is my
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my favorite governor um you know it's
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just it's
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it's it's very depressing because as you
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said people in florida complain about
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or wonder how people in california ever
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pay taxes and
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and the effect of florida's lack of
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estate income
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tax um is that it's become basically a
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playground for international
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oligarchs and rich people because the
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state is so
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friendly to them that they um that
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they're able to
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park their money in florida they pay
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less taxes it's easy for them to
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uh buy real estate and hide their
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ill-gotten gains from around the world
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in florida
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um florida is also like one of the
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states that has the biggest
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lotteries for example in in america uh
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which is essentially a tax on the poor
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um i think something like if five
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billion dollars a year
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the state of florida raises through
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through its lottery system um
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so uh yeah it's uh it's a great state if
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you
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want to give rich people a pass
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and put all the costs on to regular
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people i mean miami where i'm from
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is building tons and tons of buildings
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all the time like you just see cranes
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everywhere
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yet miami is still somehow one of the
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most
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uh rent-burdened uh cities in america
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meaning the cost of living versus the
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the cost of wages
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that's because all of those new
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developments are for international rich
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people not for the benefit of floridians
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themselves
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so no nando yeah ron desantis is just uh
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you know keeping in with that tradition
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a sunny place for shady people
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you know i was told on social media that
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um the solution
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to all of those new developments uh
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being built
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for wealthy people in other countries
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would be to just build more of those
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buildings like we we just need to build
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more of those buildings and then
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everything will be okay
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that's the answer that way that way like
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uh you know
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brazilian plantation owners and
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uh saudi uh oil oligarchs
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and russian mafia guys can go to live
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you know they can they can get their
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tables that live
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and get their bottle girls and uh yeah
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that's that's what that's what the
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florida's tax system is designed for
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so that live can be housed with
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uh the world's most evil rich people
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yeah and you know
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when it comes to state taxes like
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something that
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i want people to understand is yes
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california has
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a very high state tax okay uh
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and it is the thing that frustrates me
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about california
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isn't the way that it taxes people and
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it's a progressive tax
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meaning that you get taxed at your tax
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bracket
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depends on what your income is so if
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you're not making much money
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you're not going to pay what someone
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bringing in six figures would pay
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um as a percentage in their state income
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tax
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so i like that it's a progressive tax
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the problem with california
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is that we don't see the money working
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for us right you
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you vote in favor of hhh that was a
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ballot initiative to literally increase
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your taxes
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in order to build housing to get
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homeless people off the streets and that
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hasn't happened it's been years and that
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hasn't happened so
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that's where my frustration lies with
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with the state of california
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but if you're in one of these other
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states whether it be texas that also
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doesn't have
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a state income tax or florida doesn't
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have a state income tax
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they're going to get you because at the
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end of the day you got to pay for things
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and so the question is how are they
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going to raise the revenue necessary to
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make sure that things are operating and
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functioning properly
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so in california there are very few toll
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roads in florida i feel like
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it's almost impossible to get around
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without running into a toll road
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that's a regressive tax uh what ron
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desantis is doing here
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is clearly a regressive tax it's
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essentially a sales tax
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that impacts online shopping right and
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and he's doing it
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intentionally to prevent raising taxes
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on the rich so
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it doesn't ma in texas their property
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taxes are actually much higher than they
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are in california
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so there is a like they'll find a way to
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get that revenue make that money
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and for all the idiots who are like oh
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what california i'm gonna move to this
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place because it's lower taxes
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all right we'll see we'll see how you're
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gonna feel once you
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you know run into that revelation once
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you realize that no actually they're
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taxing me in other ways it's just that
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it doesn't get publicized by
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right-wingers who try to make it seem
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like these right-wing states are
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wonderful places to live
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so it's it's crazy that we have the
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federal system that we have is just so
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unwieldy and stupid
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and creates all kinds of havoc and and
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bad incentives
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um you know because states do have an
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incentive to
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to i like i understand that incentive to
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cut taxes
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because it's like they're complete it's
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a race to the bottom you know like if
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some state raises taxes and all their
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businesses leave and
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um and people get laid off well then
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their voters will be like what the hell
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man you know you
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you you just destroyed my livelihood so
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there is this perverse incentive to do a
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race to the bottom because
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we have no federal oversight over these
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state budgets they just
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they they they can do whatever they want
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which which is in a sense
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a free-for-all race to the bottom um so
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we just gotta i don't know i mean the
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system that we have is so
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it's so stupid and people who praise
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federalism as some sort of
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principle in and of itself we just see
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how many how many problems arise from
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that when there's no big
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federal government coordination you just
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get competition within the states which
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we would think
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in theory would make everything better
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but actually it makes everything worse
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the competition makes everything
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go down not up right yeah definitely i
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mean
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and you certainly see that when it comes
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to uh tax rates
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uh that vary from one country to the
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next which is why the biden
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administration is proposing a
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global uh business tax essentially to uh
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prevent
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the the race to the bottom that we're
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experiencing on a global level
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thanks for watching the young turks so
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