Home › Forums › Financial Markets/Economics › Prop 30 passes… Get ready to bend over…..
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November 8, 2012 at 3:07 PM #754147November 8, 2012 at 3:16 PM #754148jstoeszParticipant
[quote=legallyblue][quote=jstoesz]I am really curious in 4 years to see what the democrats are going to say when the deficit is still massive and the unemployment rivals Detroit. When sacramento can no longer claim its the republicans fault . I guess Michigan still went Blue this time round, so I am not hopeful that anything will change. I just wonder who the knew scapegoat will be for why the state still has a dismal economy. I am putting my money on outsourcing, without the introspection to ask why the jobs left.
All you democratic voters in CA, do you think the states problems will now go away because you have one party rule (a supermajority)?
I believe states should be the test labs of democracy. maybe we will learn something still yet unlearned from liberal states. Anyone care to venture a guess on the CA economic trajectory?[/quote]
I doubt that in 4 years we will see the unemployment rival Detroit. But I share your worries about CA.[/quote]
We are already there…assuming you are talking in terms of metropolitan areas…
The central valley is a war zone right now. I can’t tell you how many piles of trash and burned out cars, how many street lights and farm pumps have been pillaged for copper. The coast turns a blind eye to the valley, but it is a swath of destruction to rival any area of michigan.
November 8, 2012 at 3:23 PM #754151jstoeszParticipantOne of them just moved his family out π
Sadly to another liberal state…but it is manageably so, at least for now. They just gave the dems control of the assembly and a dem governor. There goes the 5.8% unemployment rate.
November 8, 2012 at 3:38 PM #754154ucodegenParticipant[quote=jstoesz]We are already there…assuming you are talking in terms of metropolitan areas…
The central valley is a war zone right now. I can’t tell you how many piles of trash and burned out cars, how many street lights and farm pumps have been pillaged for copper. The coast turns a blind eye to the valley, but it is a swath of destruction to rival any area of michigan.[/quote]Take a look at El Centro, CA area. It is interesting to look and compare the ‘seasonal’ movement in the graphic. It shows up as the rapid up/down movement on the graph.
November 8, 2012 at 4:33 PM #754156bearishgurlParticipantThe central valley is a war zone right now. I can’t tell you how many piles of trash and burned out cars, how many street lights and farm pumps have been pillaged for copper. The coast turns a blind eye to the valley, but it is a swath of destruction to rival any area of michigan.[/quote]
Incredible moving graph, jstoez! It’s also very telling as to age group. The unemployment rate for the 55 – 64 age group dramatically rises in 2005 and after in the several counties of the three states I “spot-checked” (incl CA). This group is the most experienced worker of all groups with a tremendous work ethic … yet employers don’t seem to want them (in favor of texting and tweeting Gen Y’s) :-0
But surprisingly, the “rural” counties I checked (with ~20K populations) had 5-6% unemployment rates for this group. Could it be that the Gen Ys who grew up in these areas went away to college and never came back??
Time to think about “retiring” in a “rural area” so I can easily land a (PT) gig to keep myself busy :=]
November 8, 2012 at 4:47 PM #754159flyerParticipantHey, flu, I think (sadly) you’ll be proven correct in most of your “rants.”
Like you, I’m not worried, because, bottom line, I plan to take care of myself and my family to the highest degree possible, for as long as possible and enjoy life–whatever our state and federal governments throw at us. As long as you can live your dreams–you win.
November 8, 2012 at 4:52 PM #754161ctr70ParticipantIn this era of American politics if you are financially successful you need an awesome accountant and lot’s of financial education to reduce the impact of the hungry financial predators at the IRS. If you live in CA and are a business owner or high income earner and can move you need to seriously look at moving to a no income tax state (NV, WA, NH, FL, TX, etc..)
The U.S. demographics are changing where there are a lot more poor people (49 million on food stamps) and less educated people. They will vote for any politician that vilifies & taxes the financially successful. Why not? They don’t have to pay for Obama Care or Prop 30…the so called “rich” have to shoulder all the cost.
November 8, 2012 at 4:59 PM #754162spdrunParticipantHow are public health care subsidies and education subsidies different or “worse” than subsidies that even the super rich agree should exist? i.e. police, fire service, rescue, military.
November 8, 2012 at 5:13 PM #754163HobieParticipant[quote=spdrun]How are public health care subsidies and education subsidies different or “worse” than subsidies that even the super rich agree should exist? i.e. police, fire service, rescue, military.[/quote]
You are smarter that this spdrun π cmon.
November 8, 2012 at 5:14 PM #754164HobieParticipantRight on ctr. Watch for a cash underground economy to expand as well.
November 8, 2012 at 5:21 PM #754165flyerParticipantAbsoultely true, ctr.
There are ways to make it all work out to your benefit.
November 8, 2012 at 5:23 PM #754166HappsParticipantI’m sure the wealthier counties know the value of education, but it’s odd why they were so receptive to a huge tax increase on themselves instead of a large sales tax increase for a few years, which would have impacted them less.
November 8, 2012 at 5:23 PM #754167ucodegenParticipant[quote=bearishgurl]Incredible moving graph, jstoez! It’s also very telling as to age group. The unemployment rate for the 55 – 64 age group dramatically rises in 2005 and after in the several counties of the three states I “spot-checked” (incl CA). This group is the most experienced worker of all groups with a tremendous work ethic … yet employers don’t seem to want them (in favor of texting and tweeting Gen Y’s) :-0[/quote]A lot of companies think that this age group is ‘out of date’.. and thinks the tweeting, texting, facebooking Gen Y(s) are up to date with modern technology. The problem is that many of these Gen Y(s) only know how to use the technology, not how it is actually implemented nor how it is built.
November 8, 2012 at 5:29 PM #754169spdrunParticipantYou are smarter that this spdrun π cmon.
Nope, sorry. Total dumbkopf here.
November 8, 2012 at 9:29 PM #754177no_such_realityParticipant[quote=Happs]I’m sure the wealthier counties know the value of education, but it’s odd why they were so receptive to a huge tax increase on themselves instead of a large sales tax increase for a few years, which would have impacted them less.[/quote]
90% of households in San Fran make under $200K. Median household income is $69K. $69K in San Fran.
That’s not individuals, that’s households. Alameda county is the same, 91% of households are under $200K. Median is $67K.
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