shmessy

I fully agree with everything in that post, except the taxes part.

Depends how much and on whom and what.

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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com

IcyPatriot

We should sell that state now before it ends up in the pacific ocean.
Maybe Canada will take them ... use the money to retire our national debt ... problem solved.

PatriotsReign

And we'll get rid of half our illegal aliens too!

Mrs.PatsFanInVa

Strangely partisan sounding prediction from someone who insists with amazing regularity that he's totally non-partisan.

DarrylS

Suppose for the "ain't it awful" crowd it is good to crow about a state that has a huge economy to fail...

Believe California has something like the world's 5th or 6th largest economy, and hoping it will fail will only lead to more failures..

What the right never talks about in California is the huge prison industry, Ronnie Raygun started the war on criminals big time.. and many of his friends got rich. The problems with so many prisons are so many employees, so many pensions and so much cost associated with the running of them.

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"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

Holy Diver

we had the exact same thread when Arnold enacted all of the conservative bullet points a few years ago. Bang up job! Wea re where we are because of a few moronic conservative propositions http://en.wikipedia.org/wiki/Califor...ition_13_(1978)

BTW: Great thread title, never visit here!

PatsFanInVa

Why the class warfare against people who earned pensions?

Where is your support of upholding contracts agreed to by free agents, in this case, a state or municipality and the people they hire?

Shouldn't you be standing on principle, stamping your little feet, and proclaiming that a dollar earned is a dollar owed?

How dare you intervene to distort markets like this! OMG!

If a guy makes $90K per year, he can retire w/full pension.... and if a guy makes $200K per year for an executive position, you redistribute 50% of his earned pension, just by fiat?

By the way, I agree with the position you should not be taking; peg it at $100K and index it moving forward. But you better be going after top mariginal rates too. After all, "nobody" should be earning $1M a year, "period." Same basic logic. I can go with arbitrary lines, but that opens them up for every purpose.

And don't tell me all about "job creating." Pension funds are one of the best sources of patient capital that exist -- you know, the kind you go to for construction, new businesses, or growing businesses, because you need an investor that can wait years for a return, not just until the next computer-generated sell order.

And 1% property tax by constitutional amendment? How'd that turn out for you, California? Looks like something for nothing doesn't work. Let's not repeat their mistake.

PFnV

DarrylS

The budget for Prisons consume about 9.5% of the California Budget, there are over 9500 prisoners housed in other states..

They cut planned building costs from 6 Billion to 2.7 Billion.. lots of money spent to lock up people.. and the costs increase exponentially when prisoners get older and sickly.

Officials announce sweeping overhaul of California prisons - Los Angeles Times

__________________
"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

Real World

The bottom line is that unsustainable spending and policy cannot be ignored, nor justified. It's simple math people. No matter what side of the political spectrum you sit on, one, especially a government, cannot spend beyond its means. Period, case closed, end of story.

So long as my tax dollars don't bailout that state (or any state), it will forever be their problem to deal with. Good luck to them.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

Patters

%f

Do you? A 1% tax rate is quite low, especially in places that have decent services.