CA Just Doesn't GET IT!

Discussion in 'Politics' started by GHook93, Mar 8, 2012.

  1. GHook93
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    GHook93 Aristotle

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    They have a huge budget crisis, yet they have the highest income tax in the US (topping at 10%) and the highest Corporate Tax in the WORLD! Their solution is tax the millionaire (you know the people making over $250K) more. They want to raise taxes by 3% to 13%!

    They say that's the solution, but it's not. Corporation and rich people are running from CA. This move will acellerate it. You NEVER hear a copy naming CA as a destination to move operations, you never hear people starting up companies, retirees don't go to beautiful CA. No all you hear is this co move, this rich go moved etc.!

    Gov Brown might be the worst Gov in US history (But think IL Gov Quinn beats him)!

     
  2. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    Even the Porn industry is packing up their bags after the condom ruling.
     
  3. Synthaholic
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    Synthaholic Platinum Member

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    CA Just Doesn't GET IT!


    OBVIOUSLY, I thought this was another California Girl thread.
     
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  4. Claudette
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    Claudette Gold Member

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    I honetly don't know how anyone can afford to live in that State.

    As long as they keep electing Dems to the State Legislature CA will be in the hole.
     
  5. Syphon
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    Syphon BANNED

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    thanks for cutting off the rest of the artucle.

    He also noted that a heavily top-weighted tax would amplify the volatility of a state tax structure that already sways wildly with boom and bust cycles.

    Brown is absolutely right about both the precariousness of depending on capital-gains-driven incomes and the problems created by ballot-box budgeting.

    Assuming the teachers go through with their measure, Brown's daunting task will be to persuade voters that the responsible course would be for his option to work "hand in glove with the budget architecture" to bridge deficits with a half-cent sales tax and a 1 percent tax increase on family incomes of $500,000, rising to 2 percent for family incomes of $1 million.

    The governor's worst fear is that the presence of three competing tax measures - another would raise taxes on all incomes - would divide support and doom all three, requiring several billion dollars in additional cuts. That would amount to disaster in a state where state spending on higher education has fallen by 25 percent in recent years.

    Read more: Jerry Brown's tough sell on tax increases

    the 3% increase is the teachers union idea, not Browns. he is entertaining it as possible solution, but from the rest of the article it doesnt look like he thinks it will work.
     
  6. Synthaholic
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    Synthaholic Platinum Member

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    He's dishonest.
     
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  7. Mr Clean
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    Mr Clean Gold Member

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    And yet they have some of the highest property values in the country.

    Go figure.
     
  8. High_Gravity
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    High_Gravity Belligerent Drunk Supporting Member

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    Thats something I never understood, I seen houses in areas of Watts where crime is rampant and the cost is over $400,000.:eek:
     
  9. California Girl
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    California Girl BANNED

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    That's because USMB enforces the laws on copyright.

    Idiot.
     
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  10. Syphon
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    Syphon BANNED

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    not anymore, maybe during the boom. but the average price of a house in the greater los angeles area is now. $360k, Watts is $162,000

    Median Home Prices - Los Angeles County Cities

    Watts is also where USC is located funny enough.
     

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