California State may be bankrupt, page 1
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reply posted on 3-12-2008 @ 12:08 PM by thisguyrighthere
reply to post by sos37



Arnold cast aside any shred of fiscal conservatism he had so he could be popular in California politics. You cant make it as a politician in CA, CT, NY, MA or NJ unless you're hellbent on bankrupting the state with absurd practices.


reply posted on 3-12-2008 @ 06:04 PM by mybigunit
reply to post by centurion1211



You hit it right on the head. People are getting fed up with CA. Arnold for the sake of being popular drank the Kool Aid and bought into the big government agenda. You summed it up. Who would want to live in CA anyways. You have high taxes and get taxed on everything, you have fires, you have earthquakes, you have high crime, high cost of living, man I could go all day the fact is get the hell out of California. There is nothing there.


reply posted on 3-12-2008 @ 07:05 PM by Rockpuck
reply to post by sos37



Well you see.. you cannot increase spending on the vast array of inferastructure, social programs, and millions of illegal aliens without raising TAXES.

I am honestly happy to see California in this situation. Good picture of things to come.


reply posted on 3-12-2008 @ 09:27 PM by Rockpuck
reply to post by Bhadhidar



You mean...


And They Pay Their Taxes On Time!


As in collect their refund right?


reply posted on 3-12-2008 @ 09:49 PM by Bhadhidar
reply to post by Rockpuck



Generally, No.

Most illegals make too little to have much withheld from their paychecks, so there is very little to refund once the tax is paid.

Very often, they will move frequently and have no permanent bank account so that even when a refund is owed, it is often returned to the State as "Undeliverable" or unclaimed.

Bear in mind as well, that the State does not offer Earned Income Credit like the Federal government does; so low income wage earners get no "freebies" from the State.


In fact, the largest offenders, in my experience, with regard to "tax cheating" are the corporations; especially the small corporations.


These are a bunch of folks who, IMO shouldn't be allowed anywhere near a corporate entity: They haven't a clue as to what it takes to run a corporation legally. Most would have been better off it they had just remained the "Mom and Pop" sole proprietorships they began as.


Nine times out of ten, some lawyer or CPA has scared them out of an exhorbitant "set-up" fee, and into a corporation...into hot water way over their heads!


Then, out of ignorance, embarassment, and fear, they just walk away from the corporation; leaving all the legal responsibilities to fester and grow until they get a call from a collector.


And then they whine: "But I didn't know!" "Nobody told me I had to..!" "The effing government is just out to screw the 'little guy"!



If I had a nickle for every time I heard one of these laments, I'd be in a MUCH higher tax bracket...And Loving It!

[edit on 3-12-2008 by Bhadhidar]


reply posted on 4-12-2008 @ 06:33 AM by SpencerJ
Mkay, as a native Californian and libertarian, I concede a few points that have been made here. But so far, the majority of you "conservatives" are generalists who are talking out their asses.

Yes, California is in bad shape, but it's not the leech welfare state so many of you who have never been here assume it to be.

If you want to prop up Mexico, you should pay for it. Not the other 49 states.


California's per capital federal tax burden is roughly 120% the national average. Size considered, the average for fed. spending is only 88%. You do the math. Also, California ranks 49th of all US states in pork bills, federally funded programs, etc by CAGW.

By comparison, the closest state in terms of size and population, "conservative" Texas:

-Ranks dead last in capita tax burden
-Texas is #2 in per capita fed spending
-Texas is #40 in pork spending, which has fallen 10 places from just 2 years ago

Considering our population makes up 63% of the entire west coast, I'd say that this isn't bad at all (huge understatement). Our agricultural industry is still by far our largest industry, and we're also ranked #1 by EERE for production of non-renewable energy.

Also, as pointed out above, most of California's coastal/urban centers are liberal, including San Francisco, San Diego, and Los Angeles. The rest of the state is decidedly conservative, as you can see from Prop 8's massive defeat.

Also, I know I will be painted an Arnold sympathist for this, but our state's constitution is as much to blame for this as the governor's office is. It requires a 2/3 majority vote in both houses to pass a budget. Arnold is still a firm critic of the various unions and entrenched special interests that keep the state gerrymandered, and even though he's "environmentally progressive", he's still more fiscally conservative than a lot of other governors.

California has submitted a final operating budget late for the last 22 years, so this is hardly unique. And certain props have limited the extent of taxation, like Howard Jarvis' Prop 13, thereby further crippling the expansion of runaway debt.

Since you brought it up, I am very partial to a secessionist movement here. Why not? If welfare wastrel Alaska can have one, why can't we? Seems soon we may actually get one off the ground. Maybe when we're gone you will find out exactly who was holding who on their shoulders, while we get our affairs together for self-reliance.

California shrugged...

[edit on 4-12-2008 by SpencerJ]
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