Posted on 07/17/2008 10:01:31 AM PDT by NormsRevenge
New York City has long been the highest tax jurisdiction in the United States, but California politicians are proposing to steal that brass tiara. California faces a $15 billion budget deficit and Democrats who rule the state Legislature have proposed closing the gap with a $9.7 billion tax hike on business and "the rich." ...
The plan would raise the top marginal income tax rate to 12% from 10.3%; that would be the highest in the nation and twice the national average. This plan would also repeal indexing for inflation, which is a sneaky way for politicians to push middle-income Californians into higher tax brackets every year, especially when prices are rising as they are now. The corporate income tax rate would also rise to 9.3% from 8.4%. ...
This latest tax gambit was unveiled, ironically enough, within days of two very large California employers announcing they are saying, in the famous words of Governor Arnold Schwarzenegger, "hasta la vista, baby" to the state. First, the AAA auto club declared it will close its call centers in California, meaning that 900 jobs will move to other states. "It costs more to do business in California," ...
Then last week Toyota announced it is canceling plans to build its new Prius hybrid at its plant in the San Francisco Bay area because of the high tax and regulatory costs. Adding to the humiliation is that Toyota will now take this investment and about 1,000 jobs to a more progressive and pro-business state: Mississippi.
There is already a reverse gold rush going on in California ... Census Bureau data show that, from 1996-2005, 1.3 million more Americans left than came to California. And the people who are leaving are disproportionately those with higher incomes:. ...
(Excerpt) Read more at online.wsj.com ...
won’t be long, there’ll be a sign up.
FoR SaLe.. State.. Cheap.
Will deal
Paging Mr Obvious!
Obama will fix this by making all States have the same taxes and regulatory burdens. Those rich people deserve it.
/s
How long can Leftist paradises like California and New England keep it up? We hear new tales of collectivist insanity, rewarding native and imported, non-productive, insolent dead asses almost daily.
I suppose they are rotting from within, but on the surface they appear to still remain viable. Is it tourism that keeps the whole socialist nightmare functioning?
When will the tipping point be reached?
The only offer they’ll get on it will be from Mexico - and it won’t be a “cash offer”, either.
Mexico has, for all intents and purposes, retaken California. Pro-Mexican politicians dominate the legislature. The illegal alien problem sucking this state dry is not going to be solved.
the problem is, they move out of their liberal hell hole but take their voting patterns with them. like locusts they take a good area and destroy it after a few years. see nj. the state has been destroyed. now they are fleeing nj because of the taxes into pa and voting for the same type of people who caused their problem in the first place.
WOW..As a San Diegan no one has flown the Coop yet from what I can see, Although houses all over are in foreclosure
People still don’t Keep there happy behinds home because traffic is still pretty bad, but I do hear many Original Californians say hey are looking at Montana as the next Exodus....
Funny thing is my mother up in the LA/Santa Monica area says, still people are flocking to L.A although they are mainly Asians and Hispanics...
I grew up in the L.A area and I hate going there now, when I want to see the Good Ol’ Days of going to Hermosa Beach or hanging out at POP I have to rent a DVD on the history of Los Angeles
I’m surprised they haven’t moved to “administrative fines” to raise revenue. The idea is to remove many “middle and upper class” “victimless” misdemeanor offenses from the criminal law and replace them with civil fines.
Essentially “instant taxes”, they can only be appealed to a bureaucrat administrator, not a judge.
A lot of places are doing this with automatic speed tickets, but most municipalities could radically expand it for any number of things.
I can imagine the police carrying a credit card machine, issuing fines on the spot, then running the citizens card to pay them, possibly with fingerprint verification. Sold to the public as the “convenience of a paperless ticket”.
If the citizen refused, they get a regular paper ticket that can be appealed to a judge. Their choice.
The entire concept is to both reduce administrative costs, and to turn petty offense punishment into a revenue stream.
I won't raise taxes, because like I said, like I said, I do not want to punish the people for the politicians' mistakes. And it's all the answers they have, the Democrats. It's always the same thing. It's like as soon as they make a mistake, they want to go and raise taxes and punish the people
(with Bill O'Reilly September 2003)
"I teach my kids: don't spend more than you have. We have to teach that to Sacramento. They borrow, borrow, borrow."
We have the worst economic atmosphere, the worst business atmosphere in California. And what we see is because of the businesses are leaving the state and jobs are leaving the state, and we're having the highest workers' compensation costs. We have the highest energy costs here. We have the worst business money management. We have the worst credit rating. We have all of those things that drive businesses away. And we are overregulated, overtaxed and overburdening our businesses.
I will ensure that California government lives within its means-something working families manage to do everyday-and reins in spending to close the operating deficit. I support a constitutional limit on annual spending increases and an unambiguous constitutional requirement that the state pass a balanced budget, so that California never finds itself in this mess again. I will restructure our inherited debt, estimated at between $12 & $20 billion.
All that cheap labor is gonna get pretty darn expensive before all is said and done. Maybe Arnuld welcomes CA becoming the next Mexican state. Perhaps the Mexican constitution will allow him to run for El Presidente?
Someday, when the politicians are the only ones left in these tax “paradises”, they’ll figure out why people are abandoning their states in droves to escape the tax-n-spenders.
Liberals LOVE government handouts when they think someone else will have to pay for them. They haven’t made the connection between increasing tax rates and more government handout programs.
The problem is that the rich loonies that have been calling for more taxes can afford to go elsewhere. When they get there they strive to make paradise into California again and ruin everything all over again.
“I grew up in the L.A area and I hate going there now, when I want to see the Good Ol’ Days of going to Hermosa Beach or hanging out at POP..”
T-shirts, cut-offs and a pair of thongs,
We’ve been havin’ fun all summer long...
Hey, all you business and “rich” people of the People’s Demokratic Republik of Kalifornia - Come to Georgia and we’ll take good care of you!
We appreciate folks who pay taxes and create jobs - even if you’re liberal!
Hey Kalifornians, the economy is terrible here in Texas. Please stay where you are. (/sarcasm)
PS - I grew up in the Bay Area.
It is my belief both these areas are living off the rest of the states’ backs.
They depend on other states to mine the energy they use, as an example.
Look for a repeat of last year when Congress, led by the Dems and the RINOs in the Northeast pass laws (i.e. - spend my money) that give heating oil credits to those up there this winter.
I believe this is the reverse of what should be going on. Instead of giving out credits to them, it is time if these states wish not to drill off its shorelines they pay a “nuisance fee” to those states willing to extract oil and gas on its lands.
What California was about when it was the envy of every Kid across the USA
http://www.youtube.com/watch?v=3QCZ_bv9aLc-
Sorry, but not in a million years. Northern California is still the best place to live on Earth, even with all the liberal idiots around. Low humidity, warm but reasonable temperatures, every kind of terrain imaginable, no tropical storms, no tornadoes, no big bugs... I could go on and on.
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