Home › Forums › Other › Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California.
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November 11, 2012 at 1:48 PM #754367November 11, 2012 at 1:51 PM #754369spdrunParticipant
Also, do you leave your properties behind or sell?
Sell if you’re above water, they can’t be rented at a profit, and there are properties in OK that can be. Leave behind if they can be rented at a profit of at least 20% of PITI or if you’d need to short-sell. You just need to find a nice guy or gal who’s somewhat hand as a tenant, so they can fix minor issues instead of needing a managing agent.
November 11, 2012 at 2:03 PM #754373ltsdddParticipant[quote=bearishgurl]ctr, have you ever considered relocating to (biz-friendly) Tulsa (OK)? Lots of people from CA already have. There’s so much traffic there now in the middle of the biz day, I thought I was trying to turn left onto Figueroa St (in LA) in a recent “visit” for the day (to get my car repaired). With all the drivers of (still) CA-plated vehicles to contend with, it took me over four stoplight changes to get thru one traffic light there and more than five mins to safely turn left out of a gas station :=0
[/quote]Sounds like you just made a good case why one SHOULD NOT relocating to Tulsa.
November 11, 2012 at 2:06 PM #754374paramountParticipantI wonder how many of the under 25 crowd who voted for prop 30 think: we’re so smart our generation even invented the iphone and ipod and I’m an expert at using these gadgets.
I’m so smart.
When in reality, I’d say the vast vast majority of later generation y’ers are utterly clueless.
November 11, 2012 at 2:24 PM #754376spdrunParticipantWhat y’all don’t realize is that other places have un-capped property taxes. So CA is just making up revenue that would come from R.E. taxes in other states.
Plus California sends more tax money per citizen to the pigs in DC than it gets back in subsidies for things like education. Unfair system that doesn’t account for living costs, but there you have it. (Which is why I’m a supporter of both Californian and Northeastern secession in the long run, and think that Lincoln was one of the worst presidents ever — should have let the South leave and good riddance.)
Welfare vs subsidizing states:
California got back $0,79 per dollar paid in as of 2009. Injun Territory got back $1,36.
November 11, 2012 at 2:41 PM #754377paramountParticipantThat Prop 30 easily passed illustrates the glaring problem with direct democracy: The average voter is not only utterly uninformed and clueless, they are also self-centered. Tragedy of the commons.
November 11, 2012 at 2:42 PM #754378spdrunParticipantBecause keeping school and university funding isn’t good for everyone concerned? Sounds like voters made the best choice possible.
November 11, 2012 at 3:00 PM #754381bearishgurlParticipant[quote=spdrun]…Injun Territory got back $1,36.[/quote]
What a lot of y’all don’t seem to realize is “Injun Territory” has no problem raising its own funds. “Indian Gaming” is the second largest “industry” in OK (after government).
Oklahoma Indian gaming is the second largest industry in the state. In 2011 revenues from Indian gaming are estimated to be $3.5 billion…
http://500nations.com/oklahoma_casinos.asp
Perhaps the “Pigs in DC” are finally attempting to better subsidize the DEA/NTF in “Injun Territory” where their sparsely staffed law-enforcement departments have been fighting a losing battle over the last 15 years against those same meth mfrs whom they drove out of So Cal in the nineties. These “biz people” had to set up shop somewhere. Where better than isolated (and heavily-wooded parts of) “Injun Territory?” :-0
November 11, 2012 at 3:11 PM #754383spdrunParticipantThis should be a state-level problem. Or just legalize methedrine, manufacture it under controlled conditions to avoid the environmental problems attendant to illegal drug labs, and give it away to registered addicts in pharmacies (after taking their kids away). Hopefully most of them will kick off and die after a few years of hard living — kind of like the “crack scourge” solved itself in the 80s.
People who are so stupid as to get involved with hard drugs don’t deserve much in my book. And certainly we should spend as little as possible attempting to save them from themselves.
And if you want to save people from themselves, subsidizing treatment is a lot cheaper than spending massive $ on law enforcement campaigns that fail in the end.
November 11, 2012 at 3:34 PM #754386flyerParticipantIt’s sad to see the political parties so polarized against each other, especially when all of it will only result in less families–not more–achieving and sustaining the “American Dream” going forward.
Those who have already attained their wealth will always find a way to take care of themselves and their families, but, from here on, IMHO, achieving wealth in this country is going to become more difficult than ever. That’s the sad reality for future generations–but they just don’t know it yet.
November 11, 2012 at 5:44 PM #754392HobieParticipantBingo. Wish I had a solution. Anyone??
November 11, 2012 at 5:49 PM #754393ltsdddParticipant[quote=spdrun]What y’all don’t realize is that other places have un-capped property taxes. So CA is just making up revenue that would come from R.E. taxes in other states.
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People also don’t realize that moving out of CA to get away from higher taxes only solve the cost side of the business. They neglect to take into account the impact of moving to a place like Tulsa would have on revenue side.
November 11, 2012 at 5:55 PM #754395spdrunParticipantIf the business sells nationally, then it should be irrelevant revenue-wise unless:
(1) the business is heavily dependent on shipping and needs an ocean port close by
(2) the prestige factor comes into play
(3) skilled workers that can’t be found outside of certain areas (read: biotech or IT) aren’t easy to find in OKNovember 11, 2012 at 6:30 PM #754397bearishgurlParticipant[quote=ltsdd][quote=spdrun]What y’all don’t realize is that other places have un-capped property taxes. So CA is just making up revenue that would come from R.E. taxes in other states.
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People also don’t realize that moving out of CA to get away from higher taxes only solve the cost side of the business. They neglect to take into account the impact of moving to a place like Tulsa would have on revenue side.[/quote]
The repair I had done in Tulsa cost only $3.75 less than my mechanic in SD would have charged me for it (I checked). The garage in Tulsa recently expanded to 5-6 bays and got new expensive testing equipment for German makes where my longtime garage is SD (Japanese only) has had the same three bays for the last 20 years. Both garages have PLENTY of business, often having to schedule it out to fit it all in 🙂
I don’t know if it cost any less to do biz in Tulsa (the lease, maybe?) but DO know that the Tulsa garage definitely had a few more employees.
November 11, 2012 at 6:35 PM #754398paramountParticipant[quote=spdrun]Because keeping school and university funding isn’t good for everyone concerned? Sounds like voters made the best choice possible.[/quote]
No, because 1) none or precious little of prop 30 money will make it to the schools and 2) because in a state controlled by thug public employee unions it’s easier to raise taxes due to a stupid electorate than to make cuts.
California has a spending problem, not a revenue problem.
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