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Despite Tax Increase, California State Revenues in Freefall
http://gopthedailydose.com ^ | december 8, 2012 | amy

Posted on 12/08/2012 7:47:45 AM PST by lowbridge

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To: Paul R.
You bring up an interesting point. The super rich do not need to move, because they actually make no money. They have money.

It is the middle class that is leaving, the productive work force. This is far more serious than the rich leaving. You can live without the rich, but no car gets anywhere without a motor.

California is in a far more serious condition than they suspect if you are right. They no longer have the workforce to recover or build anything, just the welfare people to support.

I know from my days there long ago when I lived in the High Serra's that the welfare types moved up there into vacation land in droves. The check was the same size from welfare, but the cost of living was far less than the city. Soon we had drug ghetto’s springing up where once was lumber workers and other responsible types.

Then California killed the lumber industry, followed by the mining industry and I left California for other work. The county I was in now has 40% unemployment according to my friends that hung one, but there are more people than ever.

Just now they are all on welfare, up from the cities.

From a net producer to a massive net loss of revenue to the state, it was the workers that left. The rich stayed and the dependent class grew like weeds.

81 posted on 12/08/2012 11:07:23 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Cowboy Bob

Will you stop it. If you say that enough people might actually start thinking that we have a spending problem.

We need more REVENUE!!!!

Ans: What Krugman will say.


82 posted on 12/08/2012 11:27:39 AM PST by 1010RD (First, Do No Harm)
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To: Ghost of Philip Marlowe

The goal is to wreck the American economy. Hopefully, permenantly.

Why Romney didn’t point to Illinois and specifically Cook County as proof of Obama’s plan I’ll never know.

Obama is bringing not only Cook County politics, but Cook County economics to the national level.

It’s stupid and we conservatives better find our Reagan, stat.


83 posted on 12/08/2012 11:33:45 AM PST by 1010RD (First, Do No Harm)
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To: Cowboy Bob

Liberals and Marxist don’t have the ability to learn from experience...in other words they are stupid and there ain’t no cure for stupid.....they just make misery...


84 posted on 12/08/2012 1:02:52 PM PST by goat granny
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To: lowbridge

Bookmark for later.


85 posted on 12/09/2012 2:29:21 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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