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| Home Front: Politix |
| California Voters prepared to commit Tax Suicide |
| 2010-10-30 |
| The Tax Foundation announced this week that California has the second worst business tax climate of the 50 states, with only New York more hostile to employers. Congratulations, but it gets worse. If a pair of ballot measures pass next week, the Golden State could soon take the tax lead and make even Albany look like Hong Kong. Proposition 24 would raise $1.3 billion of new taxes on businesses, while Proposition 25 would allow the state legislature to pass budgets and tax increases with a simple majority vote, instead of the current mandated two-thirds supermajority. The most pernicious is Proposition 25, which is being sold as a good government measure to end the state's annual fiscal follies and pass a budget on time. But what matters more than how a budget passes is what's in it. And the two-thirds rule that has prevailed since the passage of Proposition 13 in 1978 has been the lone restraint on the government unions and their political valets who have spent California to the brink of insolvency. |
| Posted by:GolfBravoUSMC |
| #18 CA is useless. They don't have anything I can't live without any more. I doubt they'll be bailed out. Hopefully it will be an object lesson that will tip the scales back towards sanity. To Californians with a brain: Leave now. |
| Posted by: gorb 2010-10-30 23:03 |
| #17 Did you see the latest commercial from the one? He is still blaming Bush and the republicans after 4 years (1). And doing the same-ole Democratic bullshit of threatening peoples entitlements. (1) The Democrats have controlled congress for 4 years - and congress writes the laws, manages the budget and regulations. The recession, housing crisis, etc... is their fault. |
| Posted by: CrazyFool 2010-10-30 22:27 |
| #16 CARB first. |
| Posted by: Nimble Spemble 2010-10-30 20:48 |
| #15 "with Jerry at the helm and the Dems in majority in the legislature, there won't be anyone to blame except the Dems." On the contrary, the blame will obviously be placed foursquare on those rethuglicans in DC who who will say "drop dead" to the inevitable future Sacramento bailout demand. It's sad, but just watch. (And on the left coast it might work.) |
| Posted by: Angaique Hitler7975 2010-10-30 19:52 |
| #14 The only way for California to thrive would be to wipe out the myriad commissions and regulatory boards starting with the Coastal Commission and the EPA. Excessive and arbitrary regulations by petty bureaucrats are even worse than excessive taxation. The second step on the road back is to outlaw public unions. Enforcing the laws of the United States and respecting the borders wouldn't hurt either. |
| Posted by: rwv 2010-10-30 17:10 |
| #13 Many people have not come to grips with the situation I think we are in. They still argue that we don't have the political will to cut entitlements. However, we are BROKE. Entitlements will be cut, one way or the other. Unfortunately, there is no longer choosing any "good way or bad way." The is only a choice between a bad way and the really horrible way. |
| Posted by: SR-71 2010-10-30 16:50 |
| #12 California is 'too big to fail' That's what they're counting on, but it ain't necessarily so. Some TBTF will be allowed to fail. Right now, they're playing musical chairs. |
| Posted by: Nimble Spemble 2010-10-30 13:44 |
| #11 California is 'too big to fail' - they will have to be bailed out. But who bails out the bailer? |
| Posted by: Glenmore 2010-10-30 13:37 |
| #10 Steve you are wrong. You CAN tax your way to properity...personal prosperity. This is an inversion of the liberal joke that they "love" humanity, it's people they can't stand. Economically its the populations poverty they don't care about, but they're all for their own (and friends) personal prosperity (and power). |
| Posted by: Alan Cramer 2010-10-30 13:00 |
| #9 Too late, remoteman. Cali's doomed. :-( |
| Posted by: Barbara Skolaut 2010-10-30 11:59 |
| #8 The state is going off the deep end, no doubt about it. But with Jerry at the helm and the Dems in majority in the legislature, there won't be anyone to blame except the Dems. Perhaps then the majority in this state will wake up. |
| Posted by: remoteman 2010-10-30 11:45 |
| #7 Californians are locked, loaded and the gun's in the mouth. I fear that we will collectively pull the trigger on Tuesday by electing Jerry and Babs and passing all the wrong measures. Reminds me of a favorite aunt who had a lung removed because of cancer. First thing she did when she got home from the hospital was light up a Camel. She was a nurse. |
| Posted by: Sgt. D.T. 2010-10-30 11:14 |
| #6 "You can't tax your way to prosperity. That's what they don't know." Or care, Steve, :-( |
| Posted by: Barbara Skolaut 2010-10-30 11:12 |
| #5 They already know, HammerHead, and they don't care. You can't tax your way to prosperity. That's what they don't know. |
| Posted by: Steve White 2010-10-30 11:00 |
| #4 Califscornya should conduct a survey to determine how many businesses and how many retirees have left the state. |
| Posted by: HammerHead 2010-10-30 10:11 |
| #3 The public unions, environmentalists, and crooked politicians in Californate stomped, ripped the heart out of, and killed and eaten the golden goose, feathers and all long ago. |
| Posted by: JohnQC 2010-10-30 10:00 |
| #2 Prop 25 (and similar props) have been on the California ballot for at least the last 20 years. I would be very surprised if it passed. |
| Posted by: Cyber Sarge 2010-10-30 09:52 |
| #1 If the Trunks get control of the House next week, there will be no bail outs for the states or the Trunks will be history in 2012. |
| Posted by: Procopius2k 2010-10-30 09:36 |