California Democrats want businesses to give half their tax-cut savings to state
Announcement
Collapse
Civics 101 Guidelines
Want to argue about politics? Healthcare reform? Taxes? Governments? You've come to the right place!
Try to keep it civil though. The rules still apply here.
Try to keep it civil though. The rules still apply here.
See more
See less
Leftists Never Have Enough Of Our Money...
Collapse
X
-
Leftists Never Have Enough Of Our Money...
Atheism is the cult of death, the death of hope. The universe is doomed, you are doomed, the only thing that remains is to await your execution...
https://www.youtube.com/watch?v=Jbnueb2OI4o&t=3sTags: None
-
-
Originally posted by seer View PostCalifornia Democrats want businesses to give half their tax-cut savings to state
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
Comment
-
Originally posted by JimL View PostThat's one way to counteract the tax cut for the wealthy bill. Besides it's not your money seer, you're not a corporation, you live in Connecticut.Atheism is the cult of death, the death of hope. The universe is doomed, you are doomed, the only thing that remains is to await your execution...
https://www.youtube.com/watch?v=Jbnueb2OI4o&t=3s
Comment
-
Originally posted by seer View PostCalifornia Democrats want businesses to give half their tax-cut savings to state
It appears to me that California is looking to rebalance that a bit. So these companies get half as much as they were expecting from the federal bill. Somehow, I doubt it will "ruin" the state. Claims that taxation is going to "ruin the state" have been made for years. The state that came closest to being ruined by tax policy was Kansas, and it was because they CUT taxes to the bone, and the programs those taxes funded with them. Indeed, we have several examples now of what happens in the real world when this "small government, slash taxes" policy is implemented: the economy actually shrivels until a reasonable balance is restored.
Too much taxation is bad. Too little is also bad.The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King
I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas
Comment
-
Originally posted by rogue06 View PostAnd they wonder why businesses are pulling up stakes and moving out of California.Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
Comment
-
Originally posted by Mountain Man View PostNew York tried the same thing several years ago, attempting to close a budget shortfall by raising taxes on the "rich". This naturally resulted in the "rich" fleeing the state (people with money tend to be the most mobile), and the end result was that New York's budget shortfall was even greater the following year. Liberals always seem surprised when people change their behavior in response to government policy."For I desire mercy, not sacrifice, and acknowledgment of God rather than burnt offerings." Hosea 6:6
"Theology can be an intellectual entertainment." Metropolitan Anthony Bloom
Comment
-
Originally posted by rogue06 View PostAnd they wonder why businesses are pulling up stakes and moving out of California.The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King
I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas
Comment
-
Originally posted by carpedm9587 View PostThe "rich fleeing high-tax states" mantra has been repeatedly shown to be largely a myth: https://www.theguardian.com/inequali...naires-threats
Also, moving out of state is not the only way people can keep the government's hands off their money:
So bureaucrats can increase taxes on the wealthy all they want. Just don't expect the wealthy to sit idly by while the bureaucrats attempt to take it.
Long story short: raising taxes on the wealthy is not the answer to bad government budgting; never has been, and never will be.Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
Comment
-
Originally posted by carpedm9587 View PostThe "rich fleeing high-tax states" mantra has been repeatedly shown to be largely a myth: https://www.theguardian.com/inequali...naires-threats
From the Pasadena Star News
From KCRA 3 in Sacramento
From Investor's Business Daily
From the Orange County Register
From Fox & Hounds[1]
From National Review
Businesses are loathe to tear up their company by the roots and relocate. It is extremely costly. It is just as risky. But when you're essentially being driven out by folks that see you as little more than a bank that they can keep robbing with impunity... They used to call this killing the goose that lays the golden eggs.
1. A blog "designed to discuss and explain the confluence of politics and business in California" that the Washington Post twice named as one of the top California political websites
Last edited by rogue06; 01-21-2018, 05:33 PM.
I'm always still in trouble again
"You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
"Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
"Of course, human life begins at fertilization that’s not the argument." --Tassman
Comment
-
Originally posted by Mountain Man View PostIt's not the number of rich that move that's the concern, it's how much money they take with them when they do. It doesn't take many rich folks leaving a high-tax state to have a dramatic impact on a state's bottom line. In extreme cases, it only takes one.
Also, moving out of state is not the only way people can keep the government's hands off their money:
So bureaucrats can increase taxes on the wealthy all they want. Just don't expect the wealthy to sit idly by while the bureaucrats attempt to take it.
Long story short: raising taxes on the wealthy is not the answer to bad government budgting; never has been, and never will be.
And few problems are due to a single cause. Too much taxation is a problem. To little taxation is a problem. Too much spending is a problem. Too little spending is a problem.The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King
I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas
Comment
-
Originally posted by rogue06 View PostFrom the California Business Journal:
From the Pasadena Star News
From KCRA 3 in Sacramento
From Investor's Business Daily
From the Orange County Register
From Fox & Hounds[1]
From National Review
Businesses are loathe to tear up their company by the roots and relocate. It is extremely costly. It is just as risky. But when you're essentially being driven out by folks that see you as little more than a bank that they can keep robbing with impunity... They used to call this killing the goose that lays the golden eggs.
1. A blog "designed to discuss and explain the confluence of politics and business in California" that the Washington Post twice named as one of the top California political websites
Apparently, they are doing something right.
Bottom line, you will always be able to find stories of companies leaving because of one disaffection or another. They are counterbalanced by all of the companies moving in AND starting up. Your list does not paint a balanced view. California's international standing does...The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King
I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas
Comment
-
Originally posted by seer View PostLeftists Never Have Enough Of Our Money..."I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
"Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism" - George Orwell
"[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy" - Albert Einstein
Comment
-
Originally posted by carpedm9587 View PostOf course, the right assumes the move was motivated by taxes. Florida also has sunshine, warmer climes, and is one of the predominant retirement locations for poor and rich alike. So did anyone ask the man why he moved?
And few problems are due to a single cause. Too much taxation is a problem. To little taxation is a problem. Too much spending is a problem. Too little spending is a problem.Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
Comment
-
Originally posted by carpedm9587 View PostAnd despite ALL of that hype, California's economy continues to rank 6th or 11th, depending on how you count it, in the world. That is to say, if California was an independent economy, it would rank somewhere between 6th and 11th in the world. http://www.politifact.com/california...gest-economy-/
Apparently, they are doing something right.
Bottom line, you will always be able to find stories of companies leaving because of one disaffection or another. They are counterbalanced by all of the companies moving in AND starting up. Your list does not paint a balanced view. California's international standing does...Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
Comment
Related Threads
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by Cow Poke, Yesterday, 03:54 PM
|
0 responses
5 views
0 likes
|
Last Post
by Cow Poke
Yesterday, 03:54 PM
|
||
Started by rogue06, Yesterday, 12:05 PM
|
7 responses
58 views
0 likes
|
Last Post
by seanD
Yesterday, 05:10 PM
|
||
Started by seer, 05-09-2024, 04:14 PM
|
31 responses
175 views
0 likes
|
Last Post
by Starlight
Yesterday, 07:39 PM
|
||
Started by Cow Poke, 05-09-2024, 01:20 PM
|
6 responses
49 views
0 likes
|
Last Post
by Mountain Man
05-09-2024, 03:07 PM
|
||
Started by seer, 05-09-2024, 09:59 AM
|
8 responses
74 views
0 likes
|
Last Post
by seer
Yesterday, 05:06 AM
|
Comment