"Just as California sends more of its entrepreneurs and big businesses to Texas every year, soon America may see a higher flow of creative and talented people to its shores for the same reason: more freedom and a chance to keep a little more of their own hard-earned money.
Low tax rates spark economic growth and job creation. High taxes do just the opposite. This have been proven true time and time again, yet big-spending Democrats still have not learned the lesson."
Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results
Itâs because a lot of incompetent people trust the government more than they trust themselves to take care of their family. Thatâs they theyâll always vote for higher taxes and bigger government.
They use different reasons and excuses each time for tax increase. The noble goal of this corp tax increase is to do what is the opposite to Trump
Have they missed all the announcements of investing, hiring, and pay increases in the US because of the tax reform? Do they see and hear it, but they donât believe or canât understand it? Things like that really make me wonder. Are they only paying attention to biased news sources thatâll never cover it? Are they exposed to the info, but they donât believe it? What is the root cause of such a high level of ignorance?
This article starts with HSR but talks all of Californiaâs financial troubles.
âThe state has been on a spending spree driven by social-welfare and health-care and pension costs.The state budget has ballooned by 44 percent over the past seven years to an inconceivable $190 billion.â
Thatâs an annual increase of 5.3% a year when inflation is running under 2%. They want to provide healthcare to people illegally in the state too. People should think that through, because it might cause a big surge in the number of illegals living in CA.
âHow will the state raise taxes even higher when only about 150,000 households out of 40 million state residents already pay almost half the stateâs income tax?â
Yet the tax code isnât fair and the rich arenât paying their fair share.
âCalifornia has the nationâs highest percentage of impoverished residents after factoring in cost of living. One in three welfare recipients in the U.S. lives in the state. One in four California residents was not born in the United States.â
I thought all the high taxes and social programs were supposed to great equality?
âCalifornia governor Jerry Brown just warned that in the foreseeable future it may be impossible to honor pension obligations to the stateâs retirees. They may already be underfunded by nearly half a trillion dollars. Californiaâs once-impressive annualized GDP is slowing. Despite the tech boom and the national economic renaissance, the state has recently slipped from fifth in the U.S. to 35th in annual economic growth.â
Ouch. $500B in unfunded pension obligations which is well over 2x the annual state budget.
California economic growth is the 35th in US. Thatâs alarming. Is it a real risk that it would stagnate just like New England? Maybe the overzealous liberals have already chased away our economic growth engine
Not about Taxes, but Democratic party insanity.
Idiots. Donât pick a losing battle. Wonât stop me going to in and out and will only piss me off with the CDP
Oh, just pack up and leave. I volunteer with not problems, just do it ASAP.
Arenât you burning your Nike shoes yet?
Ray and Bob, two government maintenance guys, were standing at the base of a flagpole, looking up.
A woman walked by and asked what they were doing.
Weâre supposed to find the height of the flagpole,â said Bob, âBut we donât have a ladder.â
The woman said, âHand me that wrench out of your toolbox.â
She loosened a few bolts, and then laid the pole down.
She then took a tape measure from their toolbox took a measurement and announced, âEighteen feet, six inchesâ and walked away.
Ray shook his head and laughed, âWell, ainât that just like a âMiss-know-it-all womanâ" he said, âWe need the height and she gives us the length!â
Ray and Bob are still working for the government. But now they are senators.
