So what happens to California Now?

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Marty
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So what happens to California Now?

Post by Marty »

Jerry Brown got his Prop 30:
Raises California’s sales tax from 7.25% to 7.5% plus what every your city or county taxed.
Imposes a 10.3% tax rate on taxable income over $250,000 but less than $300,000
(The funny thing is 10.3% is currently for those making over $1,000,000, now those making $250,000 know what millionaire once paid)
Imposes an 11.3% tax rate on taxable income over $300,000 but less than $500,000
Imposes a 12.3% tax rate on taxable income over $500,000 up to $1,000,000
Imposes a 13.3% tax rate on taxable income over $1,000,000
With no with no spending controls!

Now add that to the top rates going back up to 40% at the federal level – yes Obama will do his best to make the Bush tax cuts expire and blame it on the House Republicans. Now throw in 15% FICA taxes as well because most making over $250,000 are small business. The best part is that it is all RETROACTIVELY to January 1, 2012.

Now Californians with a business will be paying over 65.3% to 68.3%, this figure does not count the new sales tax or Obamacare taxes coming into effect - that’s what I call fair! Wonder why California is ranked the worst state out of 50 for general business climate.

But that is not all – now California is Supermajority of Liberal Democrats (the two-thirds vote) that can pass any bill is Sacramento - This Supermajority of Liberal Democrats is not going to make business climate climb in the ratings.
http://online.wsj.com/article/SB1000142 ... hp_opinion

Let see what can happen with a Supermajority of Liberal Democrats?

Prop 13 property taxes! You don’t think it will not get turned out? When Brown was Governor the first time he was opposed to Proposition 13.

DMV Fees going up – Was that not the issue why Davis was booted out.

What about carbon tax that is disguised as a fee or “cap & trade”.
http://www.businessweek.com/news/2012-1 ... ce-auction

‘All of this is to siphoning of funds from the private sector to the coffers of the California state general fund and most likely to cover unfunded pension liabilities and lifetime healthcare benefits.”

“To answer the original question, what happens is a continued decline in standard of living, increased welfare rolls, increased tax rates, more powerful labor unions continuing to fund Democrat politicians who continue to siphon money into union coffers. Does anyone even care?”
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Rod Martin
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Re: So what happens to California Now?

Post by Rod Martin »

So what happens to California Now?

I buy property out of California :lol: :lol: :lol: :lol:

as many little guys move out of state as possible before Ca. starts an exit tax.

we leave it to the libs and let them show the rest of the world how to run a Gov.

Does anyone know how much the feds are pumping into Calif to keep it afloat (isnt calif. one of the states that gets more in Fed. dollars than it sends to the Feds? )
TR177 Ranger/ Mercury/Lowrance/ Ghost TM
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Marty
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Re: So what happens to California Now?

Post by Marty »


Mark my words. Any time now, California politicians will be coming to Washington with their hands out. There will be weeping and gnashing of teeth.

America will be subjected to tales of woe and imminent disaster. California is too big to fail, we will be told.

We will hear about:

• how some 2.3 million Californians are without jobs, for a 12.4 percent unemployment rate – one of the highest in the country;
• how the industrial base has abandoned the state, with factory jobs plummeting since 2001 from 1.87 million to 1.23 million;
• how the state has become a magnet for welfare recipients, accounting for one-third of the entire nation’s welfare rolls;
• how the state’s budget gap for 2009-10 was $45.5 billion, or 53 percent of total state spending – the largest in any state’s history;
• how the state’s sales tax is the nation’s highest, and its income tax the third-highest;
• how the Tax Foundation’s “State Business Tax Climate Index” ranks California 48th;
• how the state ranks last in job creation; how the state is home to 25 percent of America’s illegal immigrants – costing some $10.5 billion a year or roughly $1,200 per family;
• how unfunded pension liabilities for California’s state and public employees may be as much as $500 billion – roughly 17 percent of the nation’s total $3 trillion at the state and local level.

Do you know what I’m going to say to California politicians when they come to Washington wanting handouts from the rest of the country?

I’m going to remind them that the people of California had an opportunity to change the policies that got the state into this mess in the 2010 midterm election. Instead, however, the people of California, with rare exceptions, voted for more of the same fiscal and moral madness.

They returned Sen. Barbara Boxer to Washington.

They returned Jerry Brown to the governor’s mansion.
The Golden State has abandoned liberalism for total insanity – read Jack Cashill’s “What’s the Matter with California?”

In fact, California actually sent more Democrats to Washington in 2010 than they did in 2008. How bad was it? One state Senate race in particular kind of illustrates California’s political myopia – the one in which Democratic candidate Jenny Oropeza defeated Republican John Stammreich. Oropeza died nearly two weeks before Election Day, but she still beat a live Republican.

In other words, Californians voted to keep doing the same thing over again expecting different results.

I really don’t have a lot of sympathy for California – and I say this as a resident of that state for nearly 25 years.

The inmates are running the asylum, and I’m not sure the state can be saved. I certainly know it can’t be saved by pouring more taxpayer money down a rathole and by enabling its irresponsibility.

California is like a lab experiment in what wasteful, feckless, devil-may-care, socialist, Democratic government is like.
It’s a disaster.

California has a lot going for it. It’s got a great climate. It has nice beaches. It has great skiing. It’s got natural beauty and plenty of natural resources. But the majority of people who live there are looking for a free ride. It’s that simple. California may look like Shangri-la, but people still need to work, raise their kids and govern themselves appropriately.

That’s a hard lesson most Californians need to learn.

Obviously, they’re going to need to learn it the hard way.

It’s time to just say no to Californians who want the rest of America to bail them out of the mess they’ve created.

So, when those California politicians inevitably make their way east with their hands out, we need to lovingly, but firmly, tell them they’ve made their own bed and now it’s time to sleep in it.

Yes, they will be forced to make tough choices. But we all have to make tough choices. Many of us were hoping that Californians had grown up enough to start making them on Nov. 2.

Evidently, that was not the case.

Now it’s time for some tough love.
http://www.wnd.com/2010/11/227449/
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