Home › Forums › Financial Markets/Economics › Prop 30: Southern California vs Texas
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November 28, 2012 at 12:13 PM #755402November 28, 2012 at 1:12 PM #755404jstoeszParticipant
man, my new home is really getting fleeced (MN)…for some reason they have a balanced budget though.
http://www.economist.com/blogs/dailychart/2011/08/americas-fiscal-union
Certainly a good bit of this has more to do with population density…an interstate through MT or ND is far more expensive and not necessarily for the states benefit as it is through MD.
November 28, 2012 at 2:27 PM #755411poorgradstudentParticipant[quote=spdrun]Last I checked, Pelosi was a Federal Congressperson, not a state legislator. This being said, the pigs in DC are a big part of the problem. Keep in mind that CA sends much more per capita to DC than it gets back. The situation with the flyoverian and Southern states is generally the opposite (with the exception of IL and MI, I believe).[/quote]
I believe MN pays in more than it gets. WI and IA are close to break-even.
It’s funny, Blue states overall tend to pay in, Red states take out, and Purples break even, with Texas being one of the few big exceptions.November 28, 2012 at 4:45 PM #755417desmondParticipantMost of these comments on this post remind me of the way Norv Turner coaches the Chargers. He spends all his time staring at his stupid “Dennys Menu” play chart during the game trying to figure out what play to call next instead of actually watching the game and calling plays based on what is happing on the field and doing something to better the team instead of the same ol thing. Then after the game he makes some pathetic excuse on why they lost again, (like the usual bye bye comments) And you can see how Norv is doing…..
November 28, 2012 at 8:44 PM #755421ctr70ParticipantIf Obama raises the highest tax bracket to 39.6% and now CA is an additional 10.3% with Prop 30, you are just going to get DESTROYED paying taxes if you make a lot of coin in this state. That is just such a huge injustice. Soak the high achievers for half their hard earned income and squander it. I think they should be paying like 25% in taxes TOTAL…not freaking 50%.
I would guess CA is similar to the federal tax statistic where something like the top 5% of income earners in the state of CA pay over half of all the state income taxes. And you want them to pay more??? Here is an analogy for that…you get together with 20 friends and go have dinner. When the bill comes 1 person has to pick up half the tab while the other 19 divvy up the rest!! That is what is happening with who pays taxes in this country. And yet “they are not paying their share”???? WTF??? Biggest load of class warfare BS propaganda ever put out by the Dems.
Raising taxes on the so called “wealthy” is a clear signal from Obama and Gerry Brown to…go out and there and bust your butt and go the extra mile to do well financially, to make life better for your family, and we will absolutely CLOBBER you with taxes. We will DESTROY your wealth building efforts. Screw all you heart surgeons saving lives, entraprenuers creating jobs, top salespeople helping your company sell product, etc……we want HALF of what you make!
November 28, 2012 at 9:42 PM #755422CA renterParticipantctr,
If “the rich” actually had to work for thier money, they might get more sympathy. As it stands, the vast majority of the income earned by “the rich” is passive income which came into existence as a result of the work done by the working class. It is this value — created by the workers, not the rich — that “the rich” skim from.
Middlemen are parasites, not creators of value, and not producers. They lobby to create laws that force people to use their services and pay high fees to do so. CEOs (other than the founder-type CEOs who deserve respect) are usually “successful” because they are in the right place at the right time, and have the right connections. More often than not, they are the ones who cut jobs, lowering wages for workers…and then they have the audacity to complain that the tax base “needs to be broadened,” after they’ve impoverished the “47% who don’t pay taxes.”
In your analogy of people going out to dinner, if the richest diner got his money as a result of the work done by the other 19, then you’d better believe that the 19 will expect the one to pick up the tab for dinner.
November 28, 2012 at 10:09 PM #755424bearishgurlParticipantctr, have you visited some of these “flyover states?” They’re just begging for small biz folks like yourself and will even help you get started:
The Best States to Start a Small Business | Fox Small Business Center
The Best States to Start a Small Business | Fox Small Business Center
Texas continues to earn high marks for its welcoming atmosphere for businesses that call it home.
The Lone Star State had three cities — Dallas-Ft. Worth, Austin and San Antonio — rank among the top four friendliest for small businesses in a new poll by Thumbtack.com and the Ewing Marion Kauffman Foundation.
Overall, Texas earned an A-plus in the poll, which graded cities and states on a number of factors, including ease of starting a business, hiring costs, government regulations and training programs.
The ranking comes after last week’s Best & Worst States Survey by Chief Executive Magazine, which gave Texas the top spot for its business climate.
Idaho, Oklahoma and Utah also landed A-plus grades in the Thumbtack poll for their friendliness toward small businesses, earning high marks for things like low tax rates and other perks
“Although Texas and Idaho clearly come out on top as the nation’s friendliest states towards small business, entrepreneurs value a lot more than just low tax rates,” said Sander Daniels, co-founder of Thumbtack.com. “Easy-to-understand licensing regulations and well-publicized training programs are critical tools necessary to support small business.”
Have you checked out Idaho? They have great skiing.
And if you haven’t already, you should check out C’oeur d’alene:
http://images.search.yahoo.com/search/images?_adv_prop=image&va=coeur+d%27alene
You could join a passel of thousands of retirees who “escaped” from the “Golden State.” However, I should warn you first that almost ALL of them are former public servants (now public pensioners), i.e. law enforcement … mostly from CA Hwy Patrol and LAPD. They would be happy to “commiserate” with you at your fav bar on the shortcomings of CA … with first-hand accounts of their “adventurous careers.”
Go check it out! I think you will be more than pleased 🙂
November 28, 2012 at 10:30 PM #755425paramountParticipantCalifornia has reached a point where the takers easily outnumber the makers. Any proposition that takes from the makers and transfers that wealth (in whatever form) to the takers will easily pass.
If you are a producer/maker in California (ie. private sector for the most part), and remain in California you may soon find yourself on the taker side of the equation.
In fact, I might suggest that producers have an obligation to leave California for the betterment of the country.
November 28, 2012 at 10:31 PM #755426citydwellerParticipantImagine an ambitious person coming to the US from a foreign country. This person understands that in this country he is offered an incredible opportunity and infrastructure in which he can use his ambition to become very wealthy. He also understands and accepts the fact that once he becomes very successful in this country he will be required to pay large amounts of his wealth back into this system that allowed him to become so successful in the first place. I believe that most ambitious foreigners would jump at this chance. However, those of us born here take for granted the incredible opportunities that are available to us because of this “system”.
I am a gleeful taxpayer. I fantasize about the day when I am so financially successful that I have to pay tens of thousands of dollars in taxes. I feel sorry for the people who have reached that point and are still dissatisfied. They should just pause for a moment, take a deep breath and relax, and allow themselves a moment to appreciate how incredibly fortunate they are to have been born into this incredible country of opportunity.
November 28, 2012 at 10:37 PM #755427spdrunParticipantPaying to benefit this country is one thing. Paying Federal taxes for wars in worthless Middle Eastern toilets is quite another. And no, catching Bin Laden wasn’t worth a single dime.
November 28, 2012 at 10:42 PM #755430citydwellerParticipant[quote=paramount]California has reached a point where the takers easily outnumber the makers.
Are you stating this as a fact or perception? Data please 🙂
November 28, 2012 at 10:44 PM #755431paramountParticipant[quote=citydweller]Imagine an ambitious person coming to the US from a foreign country. This person understands that in this country he is offered an incredible opportunity and infrastructure in which he can use his ambition to become very wealthy. He also understands and accepts the fact that once he becomes very successful in this country he will be required to pay large amounts of his wealth back into this system that allowed him to become so successful in the first place. I believe that most ambitious foreigners would jump at this chance. However, those of us born here take for granted the incredible opportunities that are available to us because of this “system”.
I am a gleeful taxpayer. I fantasize about the day when I am so financially successful that I have to pay tens of thousands of dollars in taxes. I feel sorry for the people who have reached that point and are still dissatisfied. They should just pause for a moment, take a deep breath and relax, and allow themselves a moment to appreciate how incredibly fortunate they are to have been born into this incredible country of opportunity.[/quote]
Citydweller, I don’t mean to be harsh and I get that these are your beliefs, but beyond that I don’t think you know what you speak of.
Show me where in the Constitution does it state that the federal gov’t can legally confiscate my property and give it to someone else?
The only exception wold be property tax, which is provided for in the Constitution.
November 28, 2012 at 10:45 PM #755432citydwellerParticipant[quote=spdrun]Paying to benefit this country is one thing. Paying Federal taxes for wars in worthless Middle Eastern toilets is quite another. And no, catching Bin Laden wasn’t worth a single dime.[/quote]
+1 I totally agree!
November 28, 2012 at 10:58 PM #755433citydwellerParticipant[quote=paramount]
Show me where in the Constitution does it state that the federal gov’t can legally confiscate my property and give it to someone else?Please excuse my “hippie granolaness” but I am not speaking from a legalistic, material, “rational” point of view. I am just trying to make the point from an appreciative, grateful, life is awesome point of view that if I ever reach a point in my life where I am paying tens of thousands of dollars in taxes each year, I will be counting my blessings and joyfully skipping through life, not being bitter and hiring lawyers and debating the legality of it all.
November 28, 2012 at 11:16 PM #755434paramountParticipant[quote=citydweller][quote=paramount]
Show me where in the Constitution does it state that the federal gov’t can legally confiscate my property and give it to someone else?Please excuse my “hippie granolaness” but I am not speaking from a legalistic, material, “rational” point of view. I am just trying to make the point from an appreciative, grateful, life is awesome point of view that if I ever reach a point in my life where I am paying tens of thousands of dollars in taxes each year, I will be counting my blessings and joyfully skipping through life, not being bitter and hiring lawyers and debating the legality of it all.[/quote]
Do you get that there is a connection between being able to achieve those blessings and gov’t confiscation of your property.
If our Founding Fathers had your attitude we’d still be British subjects. I enjoy life, but that doesn’t mean I go through life with my head in the sand.
For me personally, Life, Liberty and the pursuit of Happiness means being able to keep what I’ve worked for and not giving inordinate amounts of tax money to gov’t workers or supporting others parasitic lifestyle.
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