To Ocguy31 and winnar111:
Since you clearly are generalizing and pulling things out of thin air, let me answer this question for you.
The reason Cali has a 14 billion dollar shortfall:
1. There is roughly a 7.5 billion dollar shortfall in capital gains taxes alone, compared to last year.
2. The amount of corporate taxes collected will be 2 billion less than last year because companies like BANKS for example are posting losses and not profits.
3. Property tax collection will be about half a billion less.
With just these 3 items, you have 10 billion dollars of income that isn't there anymore.
Now is this 10 billion dollar shortfall due to 8 dollar minimum wage and companies leaving in droves as you guys claim? Of course not.
Does this 10 billion dollar shortfall have anything to do with the collapsed housing market? I am thinking just maybe, just maybe.
Since you clearly are generalizing and pulling things out of thin air, let me answer this question for you.
The reason Cali has a 14 billion dollar shortfall:
1. There is roughly a 7.5 billion dollar shortfall in capital gains taxes alone, compared to last year.
2. The amount of corporate taxes collected will be 2 billion less than last year because companies like BANKS for example are posting losses and not profits.
3. Property tax collection will be about half a billion less.
With just these 3 items, you have 10 billion dollars of income that isn't there anymore.
Now is this 10 billion dollar shortfall due to 8 dollar minimum wage and companies leaving in droves as you guys claim? Of course not.
Does this 10 billion dollar shortfall have anything to do with the collapsed housing market? I am thinking just maybe, just maybe.
halik
Lifer
- Oct 10, 2000
- 25,696
- 1
- 81
Sure let the federal government take over the governing process...
This is what happens when you let people, not representatives, govern a state - IQ mean regression in action. Instead of people with public policy and law degrees, you get idiots passing populist propositions as law.
2. That is part of it, but outsourcing and business flight are permanent and will continue to suck the state dry of jobs and revenue
3. Property taxes go to the counties
retrospooty
Platinum Member
- Apr 3, 2002
- 2,031
- 74
- 86
Yes, yes yes... We all know, that everything bad that happens is ALL the liberals fault. Forget about the fact that most of CA's recent governors have been Republicans... Dukemejian, Wilson, Shwarzeneggar Its all irrellevant. Damn liberals.
Can we just move on already?
Right and the 35%+ decline in the S&P has nothing to do with it. Get your head out of your ass seriously.
Originally posted by: senseamp
Originally posted by: Ocguy31
Which has what to do with policy?
Why would conservatives support him if they didn't like his policies?
Because for CA, having a middle-ground guy is refreshing after "give illegals drivers licenses" Mr. Davis.
retrospooty
Platinum Member
- Apr 3, 2002
- 2,031
- 74
- 86
Well, there you have it... Everything bad that happens is all the liberals fault. This entire mess our country is in is the fault of the liberals.
You win.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,198
- 126
Originally posted by: Ocguy31
Originally posted by: senseamp
Originally posted by: Ocguy31
Which has what to do with policy?
Why would conservatives support him if they didn't like his policies?
Because for CA, having a middle-ground guy is refreshing after "give illegals drivers licenses" Mr. Davis.
Ah, OK, so Arnold is a "liberal" and a "middle-ground guy"
Nice to know that Liberalism is the new middle ground
http://www.latimes.com/news/lo...1feb21,0,6427050.story
SACRAMENTO -- California's budget shortfall has swollen to $16 billion from $14.5 billion, according to the state's chief budget analyst, who says the governor's proposal for closing the deficit is so flawed that her office took the rare step of drafting an alternative state spending plan for legislators to consider.
Your budget shortfall of $16 billion existed before that happened. Plenty of people had gains in the first half of 2008, but of course, they were already in Nevada. Of course, that $16b has grown to $42b over 18 months.
I am not denying anything. But what I am arguing is that California's budget problems are not due to an 8 dollar minimum wage and companies leaving the state in droves like Ocguy is claiming.
They are mainly due to massive equity/wealth destruction caused by the housing market. Look at each of the states that are in trouble. Taxes are way down because people lost their shirts in the markets and are not going to pay into the states as much as they did last year.
The main irresponsible act of the states is that they assumed (like almost everyone) that budget revenues would go up forever at a decent rate.
If Californians are so unhappy with the amount of money they get back from Washington, maybe they should stop sending so much? And yet, they continue to elect the sort of politicians who contribute to thier own undoing. Way to go, California.
Maybe Californians vote based on more than one issue.
Regardless, California's budget problems stem far more from an inability of its legislature to function than anything else. Because of a retarded provision in the state constitution it requires a 2/3rds majority to pass a budget. This has allowed a minority of lawmakers to completely destroy the budgetary process, and render the legislature incapable of functioning.
The basic story is that the Republican minority in California has said that they will not allow any taxes to be raised. They are a small and shrinking portion of the legislature, but still more than 1/3rd. The Democratic majority, with the support of the governor has attempted to compromise them by closing the budget gap created by the current housing price collapse partially through tax increases and partially through spending cuts. The Republicans have refused, and so instead... nothing has happened, and now California can't pay its bills.
Nah, just do what Texas does. Set up strict borders 100 miles within your actual state borders allowing the illegals to pour in but only go so far so they can work the farms and get paid pennies under the table tax free. Then you can also do what they do which is get really conservative about social services so you don't have to help your actual legal citizens much, but more importantly you get to take advantage of that cheap illegal labor while preventing them from leeching off your budget much more than the other states that actually try to help their legal citizens.
Oh and if you really want to go for the gold, you can lower your business taxes a ton in comparison to other states in almost a predatory pricing fashion in order to convince businesses to move to your state. Of course, if all states followed by example then not only would they be in bad shape due to all the budget cuts, but it would completely leave Texas at a disadvantage because those businesses don't really have a reason to remain there anymore. The states would essentially be in a price war and that is something governments cannot do. They are not businesses. They are not selling anything and their goal is not profit.
After all that, you get to do what winnar does all of the time which is brag about Texas and their government when the truth is they are just putting a shroud over themselves while placing their budget in the front row for people to become distracted.
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