The bankrupting of our states

[dapoes]

California, raises taxes, revenue plummets. The state is highly vulnerable to a flight of higher income earners as 1% of California tax filers pay almost half the state's income tax revenue.

 

[dapoes]

 

[Dog Wonder]

You answered my question. You don't get it.

I responded to a post asking "when wil we wake up?".

Your response was, and still is, a series of stolen rants about higher taxes.

I see why you don't think for yourself. That capacity is long gone. If it ever existed.

 

[dapoes]

You answered my question. You don't get it.

I responded to a post asking "when wil we wake up?".

Your response was, and still is, a series of stolen rants about higher taxes.

I see why you don't think for yourself. That capacity is long gone. If it ever existed.

I do think for myself, and its backup up by hard cold facts and statistics. Dont blame me if you live in an alternate universe where people somehow think for themselves absent of anything resembling reality and facts.

Funny how you can never back up your assertions by anything factual. Yes i get it. You are a victim.

In your head the:

evil are rich (or anyone who has more then you).
You are victim because of (insert meme here).
It is the role of (liberal prog) Gov to spread the wealth at the tax payers expense.

So rather then your lame one liners, and talking point, please entertain the rest of the class. What is "it" that your beliefs are so firmly entrenched that no one else gets?

What is it you have your knickers in a twist over?

 

[dapoes]

Your response was, and still is, a series of stolen rants about higher taxes.

Please entertain us and try to refute the facts posted about those "stolen rants".

Please let us know how factual articles are somehow "stolen rants". 🙄

 

[Dog Wonder]

Nice googling.

How do you solve the problem of states going bankrupt. Taking from the middle class to ffed the strving rich?

 

[delldude]

Nice googling.

How do you solve the problem of states going bankrupt. Taking from the middle class to ffed the strving rich?

May I interject?

Who you think provides all the capital for things like your job, cars and such?

Ever look at the placards on things like jet engines, bag carts, aircraft and such?
They owned by big time capitalist banking organizations funded by your fat cat rich smacks....
You don't seem to be able to grasp the fact that we all owe our livelyhoods to 'the starving rich'.

 

[dapoes]

Nice googling.

You should try it sometime, it would do you some good. All that information shows how instead of gov cut backs, they chose to raise taxes only to find themselves with dwindling revenue as a result. Cause and effect.

Its not a tax problem, its a spending problem.

How do you solve the problem of states going bankrupt. Taking from the middle class to ffed the strving rich?

Nobody is taking anything from the middle class and giving to the rich. Never have, never will. Show me one time in history where gov economic models did just that. Its a great dem talking point but it doesn't hold up. I gave you all the facts, you just choose to ignore it.

Well obviously we have no money left after all the failed bailouts and stimulus, QE1, QE2, etc. So the logical answer is to let them go bankrupt and work it out. Pain has been and is in the forecast but by delaying the inevitable will only string it out much longer and make it much worse.

Contrast the two examples that history has shown us.
In the early 90's Japan tried the fix their economy with endless bailouts and stimulus's but all that led to the infamous "lost decade". Pain over 10 long years.
In the early 90's Sweden went thru the same but chose cuts and logical fiscal solutions that ended their problems in a short two years. Pain over 2 years.

It was painful for both countries but one chose the band aid their way thru 10 years of a pain, the other acted fast and logical and was back on recovery track within 2.

Obviously you think the a bailout is the appropriate solution, so where are we going to get the money? Is it fair for the average Joe in midwest pay for bailout in California? California is a perfect example of whats wrong with gov, spend billions of money with no regard for long term impact.

Did you know that California, in the midst off their horrid financial problems have passed their own version of Cap and Trade? In the time of a serious recession in their home state, they chose to enact a industry choking policy to drive what businesses are left out of California. They chose to throw fuel on the fire.

I would post links to back it up but since you have an aversion to factual links then I will let you research it yourself.

 

[dapoes]

May I interject?

Who you think provides all the capital for things like your job, cars and such?

Ever look at the placards on things like jet engines, bag carts, aircraft and such?
They owned by big time capitalist banking organizations funded by your fat cat rich smacks....
You don't seem to be able to grasp the fact that we all owe our livelyhoods to 'the starving rich'.

Good point, hows that old saying go? Dont ask diet advice from a fat person and you never will get a job from someone who has no money.

For all those people that suffer from class envy, remember no matter how bad you have it, theres someone who has it much worse. So for all those liberal progressives frothing at the mouth over the rich, they themselves could be considered rich in someone elses point of view. For those i say lead by example and give up all their "riches" to someone who has less then them. Better yet lets have the gov do it for them against their will.

 

[dapoes]

Great episode on 60 minutes highlighting such problems

http://www.cbsnews.com/video/watch/?id=6902442n

 

[Dog Wonder]

Most public sector union pensions are an unsustainable burden on states due in fact to idiocy in collective bargaining. If the states belly up with these obligations, then so be it. Time to renegotiate them. Oh, but let the federal government bail them out with borrowed Chinese cash that are an unsustainable burden on our country that we cannot pay for now. But we'll just get....uh......someone......uh.....who's going to bail us out? Hello.....anybody here.....hello......

When do we wake up?

When?

No middle class envy here.

 

[southwind]

Nice googling.

How do you solve the problem of states going bankrupt. Taking from the middle class to ffed the strving rich?

My 1st step as Governor of (insert state name here>_____________) is to abolish all unions working for the state. If you want to work for my state you will earn what we can afford to pay you.

2nd Step is to give all those "EVIL RICH" folk a reason to open and run a business in my state, so that when people , like you, who don't want to work for the new wages I imposed as Governor,they will still have an opportunity to work................even if it's working for those "EVIL RICH" basterds !

BTW, come Feb. 14 , when I'm walking out with bonus check, you unions dudes ain't gonna start cryin' and all that crap, are you ?

 

[Dog Wonder]

My 1st step as Governor of (utter confusion)

 

[delldude]

I tell you, I'm happy the Obama tax increases never went through. It would have been real bad for all.

 

[Dog Wonder]

The 2010 Bush tax hike was passed in 2001.

Fortunately Obama intervened.

Unfortunately, Obama went to far to appease the Republicans and the rich people who own them.