cornopean
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Joined: 20 Dec 2006
Posts: 3534
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 Posted: Fri Jul 18, 2008 1:56 am Post subject: California teaches us what happens to high tax states |
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they are soon to have the highest taxes in the nation. taxing the rich is not the solution.
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," said a AAA press release, in the understatement of the year.
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 and the evidence points powerfully toward high tax rates as a culprit. 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: the very targets the Democrats want to tax more.
The liberal fairy tale is that the rich "don't pay their fair share." The reality is that there's no state in the country more dependent on six- and seven-figure earners to pay its bills. Those with incomes of more than $100,000 pay 83% of the state's income taxes, and the richest 6,000 of the 38 million Californians pay $9 billion in taxes. Every time a rich person like Tiger Woods departs, the state fiscal problem deepens.
http://online.wsj.com/article/.....d_outlooks |
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Toxic
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Joined: 25 Dec 2007
Posts: 1542
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| Posted: Fri Jul 18, 2008 5:33 am Post subject: |
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| And yet California still has the 8th largest economy IN THE WORLD. So what were you saying exactly? |
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joeyjock
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Joined: 24 Dec 2006
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Location: Fort Lauderdale
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| Posted: Fri Jul 18, 2008 12:07 pm Post subject: |
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And ... um.... Alabama teaches us what happens to low tax states????
I'll take CA any day of the week thank you |
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cornopean
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Joined: 20 Dec 2006
Posts: 3534
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| Posted: Sat Jul 19, 2008 2:13 pm Post subject: |
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| Toxic wrote: | | And yet California still has the 8th largest economy IN THE WORLD. So what were you saying exactly? |
I was saying this:
Census Bureau data show that, from 1996-2005, 1.3 million more Americans left than came to California.
so....evidently a whole lot of people disagree with you on this. and generally, the choices people make is a pretty reliable indicator of what works and what doesn't. and right now.....it seems pretty clear that California is not working for 1.3 million people. |
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Timetheos
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Joined: 10 Apr 2008
Posts: 432
Location: Seattle
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| Posted: Sat Jul 19, 2008 7:55 pm Post subject: |
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Corno,
You keep trying to take temporary and transient data to prove your beliefs, and it fails.
For example, when you were trying to come up with your magic spreadsheet, you were puzzled by Michigan. Michigan's current high employment has little to do with taxes, and everything to do with the autoindustry and gas prices.
California has been beset by a number of problems over the years, from Enron to the housing bubble to quality of life issues (such as traffic congestion), which have little to do with taxes yet would explain why people move. |
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Toxic
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Joined: 25 Dec 2007
Posts: 1542
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| Posted: Sun Jul 20, 2008 1:12 am Post subject: |
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| Quote: | | it seems pretty clear that California is not working for 1.3 million people. |
And what information points you to taxes? |
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Toxic
Forum Elder
Joined: 25 Dec 2007
Posts: 1542
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| Posted: Sun Jul 20, 2008 1:15 am Post subject: |
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| Quote: | | so....evidently a whole lot of people disagree with you on this. |
People leaving doesn't change the fact that it is the 8th largest economy in the world, or 10th, or 7th, depending on who exactly you ask.
http://en.wikipedia.org/wiki/E.....ent_nation |
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angelngypsey
Newbie
Joined: 22 Apr 2007
Posts: 5
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| Posted: Wed Jul 30, 2008 12:25 am Post subject: |
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California also has the highes population of illegals to do their dirty work (modern day slavery).. Guess someone has to pay for it huh??
| joeyjock wrote: | And ... um.... Alabama teaches us what happens to low tax states????
I'll take CA any day of the week thank you |
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angelngypsey
Newbie
Joined: 22 Apr 2007
Posts: 5
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| Posted: Fri Aug 01, 2008 9:16 pm Post subject: |
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Michigan's high unemployment has everything to do with Detroit and it's liberal politician's who have run that city into the ground. Looks as close to a modern day ghost town that i've ever seen. BTW: There is no debate here, it is a known fact.
| Timetheos wrote: | Corno,
You keep trying to take temporary and transient data to prove your beliefs, and it fails.
For example, when you were trying to come up with your magic spreadsheet, you were puzzled by Michigan. Michigan's current high employment has little to do with taxes, and everything to do with the autoindustry and gas prices.
California has been beset by a number of problems over the years, from Enron to the housing bubble to quality of life issues (such as traffic congestion), which have little to do with taxes yet would explain why people move. |
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