tag:blogger.com,1999:blog-3758330678390419129.post9107626028221909340..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Will California Fall Into the Ocean?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-3758330678390419129.post-61846663879446206252012-03-15T21:17:18.386-04:002012-03-15T21:17:18.386-04:00Sales tax rate dropped by 1% last summer (from 7.2...Sales tax rate dropped by 1% last summer (from 7.25% to 6.25%) when temporary tax increase expired and could not be renewed, probably explains most of that decrease.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87463534517001600292012-03-15T01:24:05.130-04:002012-03-15T01:24:05.130-04:00...damn, I moved my business outa there 25 years a......damn, I moved my business outa there 25 years ago, and never looked back.<br /><br />Started having trouble with the California Board of Equalization; they are accustomed to getting away with bullying businesses (timber, in this case) into just paying their arbitrary assessments (timber has many age classes and species; different tax rates therefore).<br /><br />If you decide to go to the mat baldradhttps://www.blogger.com/profile/07070327471905894772noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-86822834226723872422012-03-15T01:05:30.450-04:002012-03-15T01:05:30.450-04:00Did they really say CA's outstanding public sc...Did they really say CA's outstanding public schools!? These people are know-nothings. CA gov't schools are the bottom of the list.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47677927371011307032012-03-14T21:34:07.576-04:002012-03-14T21:34:07.576-04:00I'm not optimistic regarding this vote. Those ...I'm not optimistic regarding this vote. Those who will vote for the increase will usually not pay for it. Some who would pay will still vote for, you know, to balance some bad karma. All in all, it may pass and Texas is very humid.Fabiannoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68902156566267141212012-03-14T19:00:28.180-04:002012-03-14T19:00:28.180-04:00I lived in CA briefly, 1987 - 1990; on the ballot ...I lived in CA briefly, 1987 - 1990; on the ballot in 1990 was an "initiative" to raise taxes to pay to "shave the whales, hug the trees, buy lots of land for parks and all the other feel-good madness that possessed them" (can't remember who said that, darn it!); they wanted six billion or so of bonded indebtedness. Out of 100+ counties in CA, only six voted for it, and it Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72148046699398305712012-03-14T18:14:29.511-04:002012-03-14T18:14:29.511-04:00We left the golden welfare state in 2000 and have ...We left the golden welfare state in 2000 and have never looked back.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40300712629243028002012-03-14T08:40:41.563-04:002012-03-14T08:40:41.563-04:00You should ask Congressman Hank Johnson http://www...You should ask Congressman Hank Johnson http://www.youtube.com/watch?v=zNZczIgVXjg&feature=player_embeddedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79526667961813679122012-03-13T23:37:16.336-04:002012-03-13T23:37:16.336-04:00Don't ever underestimate your fellow citizens ...Don't ever underestimate your fellow citizens when it comes to voting to tax others under the belief that doing so will mean that they themselves will not be made to pay more. This most idiotic thing about all this is that the state and federal tax systems are making this country extremely dependent on the well being of a small group of people. God help these governments and their precarious Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29018416678796525112012-03-13T23:27:11.720-04:002012-03-13T23:27:11.720-04:00I've been reading about what a train wreck Cal...I've been reading about what a train wreck California is for years. It never seems to collapse. Maybe they're getting cash from the Feds.Deftnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-62277450133387396692012-03-13T19:56:15.710-04:002012-03-13T19:56:15.710-04:00We have just the answer for California; push them ...We have just the answer for California; push them out of the US dollar and allow their new currency to deflate. They will then bask in the riches of the employers who then come calling for cheap labor, their problems solved, their economy once again vibrant, their problems solved.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90212391701135711952012-03-13T18:48:43.945-04:002012-03-13T18:48:43.945-04:00I would argue that California's problems go ba...I would argue that California's problems go back farther than the mid '80s. I came to live in Southern California in 1981, and things were booming, but only because SoCal was pretty much the center of the rapidly-expanding military industrial complex (of which I was a part, unfortunately). Almost all of my friends are in SoCal, and I love all the hobbies I can, and do pursue here (Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72822192957051196642012-03-13T18:37:50.271-04:002012-03-13T18:37:50.271-04:00Bob, I trust you when you say that things are heat...Bob, I trust you when you say that things are heating up in SillyCON Valley, but, overall, things are not going well here in California. To wit, February retail sales and use tax collections are 25% below one year ago levels.<br /><br />Page four, http://www.sco.ca.gov/Files-ARD/CASH/fy1112_feb.pdf<br /><br />That drop is almost hilarious.<br /><br />But, things must be improving modestly, as John G.https://www.blogger.com/profile/09127952173210718830noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14531643770304502272012-03-13T18:00:51.555-04:002012-03-13T18:00:51.555-04:00Two bits of good news:
1. That tax hike will NEVER...Two bits of good news:<br />1. That tax hike will NEVER get approved by the voters. (if it does then it is well and truly over in the Golden State)<br />2. California can't print paper money to cover the shortfall. And their bonds will be junk. So the crash will be loud! Maybe THAT will wake the somnolent sheeple.Capn Mikenoreply@blogger.com