Oct 062012

Like Karl Marx said, From each according to his ability to have money beat out of him by the IRS, to each one-percenter according to his need to live a grandiose lifestyle.

perhaps celebrities are merely emulating the well-heeled production companies that have just hit up California taxpayers for another $200 million. Is this what Hollywood liberals call social justice?

Governor Jerry Brown this week signed a two-year extension of a film and television tax credit that his Republican predecessor Arnold Schwarzenegger supported in 2009. The credit is essentially a dolled-up subsidy. For every dollar that production companies spend on a project in the state, they get credited 20 to 25 cents against their state sales and income taxes. Nice deal if you can get it.

via Review & Outlook: Welfare for Hollywood – WSJ.com.