you do realize that the more corporations are taxed.....you the consumer pay for it....?
You do realize that you are stupid as a box of rocks if you think any company is going to lower its price to the consumer because they (the corporation) don't pay taxes.
you must be crazy if you think we the consumers, who are also tax payers, aren't carrying the tax load for the corporations that aren't paying their taxes.
Dude...Get the bat off your shoulder..Weak effort.
Circular logic or mind checkers gets you no mileage here.
California voters/taxpayers took the bat off their shoulder and knocked it outta the park, now what dude/dudette?
Republicans talk about it a lot so it should be easy for Republicans to point out where low wages and cutting taxes have caused an economic boom but-----but they seem to be unable to point to any empirical examples. It only took two years after California voters emasculated the Republican party for...
California ends fiscal year with cash for first time in seven years -- "...cash balance of $1.9 billion."
"...the state controller's office collected $101.6 billion in revenue, or 2.1 percent more than Governor Jerry Brown had projected in his January budget release. Personal income taxes totaled $66.2 billion, or 2.6 percent higher than expected. Corporate taxes hit $8.5 billion, 9.3 percent higher, and retail sales and use taxes reached $22.2 billion, 1.8 percent more than expected."
Left Coast Rising
JULY 24, 2014
Paul Krugman
The states, Justice Brandeis famously pointed out, are the laboratories of democracy. And itÂ’s still true. For example, one reason we knew or should have known that Obamacare was workable was the post-2006 success of Romneycare in Massachusetts. More recently, Kansas went all-in on supply-side economics, slashing taxes on the affluent in the belief that this would spark a huge boom; the boom didnÂ’t happen, but the budget deficit exploded, offering an object lesson to those willing to learn from experience.
And thereÂ’s an even bigger if less drastic experiment under way in the opposite direction. California has long suffered from political paralysis, with budget rules that allowed an increasingly extreme Republican minority to hamstring a Democratic majority; when the stateÂ’s housing bubble burst, it plunged into fiscal crisis. In 2012, however, Democratic dominance finally became strong enough to overcome the paralysis, and Gov. Jerry Brown was able to push through a modestly liberal agenda of higher taxes, spending increases and a rise in the minimum wage. California also moved enthusiastically to implement Obamacare.
I guess weÂ’re not in Kansas anymore. (Sorry, I couldnÂ’t help myself.)
Needless to say, conservatives predicted doom.
<snip>
If tax increases are causing a major flight of jobs from California, you canÂ’t see it in the job numbers. Employment is up 3.6 percent in the past 18 months, compared with a national average of 2.8 percent; at this point, CaliforniaÂ’s share of national employment, which was hit hard by the bursting of the stateÂ’s enormous housing bubble, is back to pre-recession levels.
On health care, some people — basically healthy young men who were getting inexpensive insurance on the individual market and were too affluent to receive subsidies — did face premium increases, which we always knew would happen. Over all, however, the costs of health reform came in below expectations, while enrollment came in well above — more than triple
initial predictions in the San Francisco area. A recent survey by the Commonwealth Fund suggests that
California has already cut the percentage of its residents without health insurance in half. WhatÂ’s more, all indications are that further progress is in the pipeline, with
more insurance companies entering the marketplace for next year.
And, yes,
the budget is back in surplus.
Has there been any soul-searching among the prophets of California doom, asking why they were so wrong? Not that IÂ’m aware of.
<snip>
So what do we learn from the California comeback? Mainly, that you should take anti-government propaganda with large helpings of salt. Tax increases arenÂ’t economic suicide; sometimes theyÂ’re a useful way to pay for things we need. Government programs, like Obamacare, can work if the people running them want them to work, and if they arenÂ’t sabotaged from the right. In other words,
CaliforniaÂ’s success is a demonstration that the extremist ideology still dominating much of American politics is nonsense.
.
