Article

2010-09-02 Economy

CA Dem: "Taxes don't impede the economy but form the foundation of it."

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Posted by GolfBravoUSMC 2010-09-02 16:08|| || Front Page|| [8 views ] Top

#1 No wonder Kalifornia is in the dumper.

Posted by JohnQC 2010-09-02 16:26|| 2010-09-02 16:26|| Front Page Top

#2 Heard from a US House Rep. the other night that even the informed folks across the country have no clue how bad things have truly gotten in DC. Said, pretty much verbatim, that the economic policies being planned are so utterly clueless that even the average junior high student would recognize that they're unworkable but that there's barely a Dem. in DC who seems to even have the slightest reservation about any of it. Aside from damaging their chances to remain in DC that is.

Posted by AzCat 2010-09-02 16:44|| 2010-09-02 16:44|| Front Page Top

#3 Oh really? King George III thought the same thing.

Posted by DarthVader 2010-09-02 17:03|| 2010-09-02 17:03|| Front Page Top

#4 Oh my word...Economics 101...taxes reduce purchasing power of consumers. Less money for consumers, less GDP, less trade, less demand...and oh yes, no multiplier effect.

This is particularly aggrevating the problem since entitlement programs...where most of the CA tax money goes....is purely inflationary as it buys no goods or services and there is no exchange of commodity for service.

Posted by James Carville/Karl Rove 2010-09-02 17:22|| 2010-09-02 17:22|| Front Page Top

#5 Progressive Taxation impedes the economy.

Taxation on Land Values (not what you do with it) does not.

Posted by Bright Pebbles 2010-09-02 18:28|| 2010-09-02 18:28|| Front Page Top

#6 They have tried this proposal in many forms and names for a long time. So far there seems to be enough brain matter around to votes this down every time it has come up.

Posted by Cyber Sarge 2010-09-02 18:38|| 2010-09-02 18:38|| Front Page Top

#7 CA Dem: "Taxes don't impede the economy but form the foundation of it."

If your concept of the world is government, more government, and even more government, how could one not believe that what constitutes an economy is all predicated upon the existence of government. All that other stuff simply exists to sustain that concept of the world. A concept that begins with one's head firmly stuck up their rectal orifice.

Posted by Procopius2k 2010-09-02 20:22|| 2010-09-02 20:22|| Front Page Top

#8 When Hearst gave San Simeon to the state of CA it came with the warehouses that sill have packed trainloads (as in many) of treasures he bought cheap right after WW-1. War firesale cheap.
I would think that a few of those car loads sold at Southeby's would make a visible dent in CA's state debt.

Posted by Water Modem 2010-09-02 22:56|| 2010-09-02 22:56|| Front Page Top

#9 would likely violate their conditions of donation, if not intent. Time to address structural deficit without crying "no fire protection! parks closed!" bullshit.

Posted by Frank G 2010-09-02 23:01|| 2010-09-02 23:01|| Front Page Top

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