Originally posted by: Ferocious
Asked on ''Good Morning America'' whether he would favor raising taxes as part of a solution to California's budget crisis, Schwarzenegger said he favored neither raising taxes nor cutting programs, but instead would ''bring businesses back to California.''
George Will
That seems sensible.
I sorta have always had a problem with state's rights in this regard. You get states competing against each other to drive wages to lowest point possible.....where as corporations remain a national entity. Sorta of a micro version of the global trade issues.
i too hate this state competition crap, but hey that's what capitalism is about. finding the perfect equilibrium between benefits citizens want and profit for corporations. at least companies employ people, sports stadiums just take money away and you still have to pay to go to the game, wtf.
arnold has a nice argument, but not going to happen. nobody looks like they want to cut their benefits. and so far the dumb republicans are getting greedy and going for simon/mcclintock, and they're going to lose, haha. gotta admire someone with convictions, and they get to pay with their pocketbooks.
buffett is right, in the sense that all these rich people pay nothing in property taxes. he pays more for his 500k house in nebraska than his 5m in california. but you can't just kick out grandma, maybe she should've been more caring to her kids. somehow you have to tax people that can afford it like buffett. he should donate a couple billion or maybe arianna can donate some of her alimony, that's one of the tax loopholes she should close
note to self:sign prenup, unless she's richer, then go for the gold!
i don't see too many rich people leaving because taxes are too high, so I say tax them to death, bwhahaha. maybe tax people that have multiple homes at their correct rate. if the point of prop13 is to keep from kicking out people, there's no danger kicking people out with too many homes.
i see middle class people leaving and buying 500k houses elsewhere (for pete's sake you don't have to spend the same amount), the only thing holding everything up are the universities which pump out educated people. better keep funding those colleges, otherwise california is going to be the home of tycoons and bums->the communist party of california
viva la california!