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After voters approved tax hikes for the rich in the recent election, California’s...
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Tuesday, December 4, 2012, 3:12 AM ETAfter voters approved tax hikes for the rich in the recent election, California’s Legislative Analyst’s Office is forecasting that the state will enjoy a surplus of $1B by FY 2014-2015. Critics says the increases will lead to an exodus of residents, businesses and jobs, although Governor Jerry Brown's office points to a report which says that the link between tax policies and migration are untrue.
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This news story has 37 comments:
where they gonna go? somewhere tropical to get a spider bite or some lung fungus? beaten up by federales, hunted for a local murder? empty threats. florida? not likely, too crass.
california signalled the reagan revolution, a generation ready to listen to stories of the big valley as if they were real, because it gave them comfort.
now california is signalling another generational shift is sweeping the country.
people talk about californians being stupid or crazy or lefties. if they were, they wouldn't be so g.d. rich. now would they?
tick tick tick, now that california's doing it it's only a matter of time.
No, thanks. Texas talks big but is really no different from California. But if you have a real alternative -- say, a state in which the state's constitution prohibits the state and all of its combined political entities from consuming more than 5% of the state's GDP -- I'd like to hear about it. It's spending that has to be strictly limited if taxes are to be kept low. Everything starts and ends with spending. Put hard caps on spending, and you'll never have to worry about taxes.
You'd rather have Greece or Spain?
You have places trying to ban happy meals, plastic bags and raise the minimum wage to $12/hr in CA.
I say we bring back lead based paint.
By the way, some of the regulations here in California have given manufacturers a competitive advantage selling into foreign markets, as our products are judged as being very safe due to regulatory compliance to safety standards.
http://bit.ly/RDSj1u
Sounds like fertile ground for business development....
And who will remember the projections and ask why if they miss big?
The "California Legislative Analyst’s Office" must have their findings reviewed by the California Overseer of Legislative and Analysts Offices." They in turn have their figures checked by the Golden State Department of Facts, Figures, Weights and Measures. Overseeing that is the Board of Commissioners of the Bureau of Facts, Figures, Weights and Measures, and they have to submit their findings to the intern working in the Governor's office.
Wait...I now revise my estimate upwards to minus 25%.
Those of you in the rest of the US should look very carefully at California, specifically as an example of what one-party rule looks like. There is little or nothing to like about the Republican Party, but it will be missed all the same.
- man on the street SA reader
Wanna bet that happens in the next four years?
http://bit.ly/ZbOPp0-/
and she did that by making sure that her product was always top rate, no stinting, no cheats, no hides.
she always says, if california is so crazy, why does it have so many rich people? some of you would do well to educate yourselves using the works of dash hammet or raymond chandler.
old old money in california which must be ok, on balance, with this happening. or it wouldn't be.