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EScroogeJr (< 20)

belt-tightening in California: a poll

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February 29, 2008 – Comments (11)

So which tax breaks do you think will have to go? 

a)  for seniors

b) for parents

c) for yacht owners

d) for companies

e) for airplane and luxury RV owners

f) something else 

http://www.latimes.com/news/local/la-me-arnold29feb29,0,7077830.story

11 Comments – Post Your Own

#1) On February 29, 2008 at 6:15 PM, EScroogeJr (< 20) wrote:

a)

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#2) On February 29, 2008 at 7:13 PM, AnomaLee (28.66) wrote:

It's sad when the damn "Terminator" is being more responsible economically than any candidate I have running for president, in my state, in my district, or city.

I don't live in California, so my opinion shouldn't matter, but I'm starting to think we might as well allow exportation the presidency to let make way for Last Action Hero.

Maybe California should grant state working permits for illegal immigrants so they can begin contributing to California's tax revenue. 

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#3) On February 29, 2008 at 7:42 PM, mickeyc21 (29.55) wrote:

This is a genius plan. When there is no money in the state raise taxes.

The middle class always votes for taxes on the rich without realizing they are the ones being taxed. Dumb leading the dumb.

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#4) On February 29, 2008 at 8:17 PM, snowdust (< 20) wrote:

b

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#5) On February 29, 2008 at 10:19 PM, dwot (47.33) wrote:

All of the above...

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#6) On February 29, 2008 at 10:29 PM, DemonDoug (55.37) wrote:

i like you more and more every day scrooge.

before you know it you're going to be a full-on bear! 

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#7) On February 29, 2008 at 10:49 PM, devoish (97.40) wrote:

16 billion is a lot to make up.

 Lets see, if they do not raise taxes, perhaps they could get someone to buy bonds from them, that they will promise to pay back with money they will not have because they will not raise taxes to repay them. And then, just like magic, houses will suddenly be worth $650,000 again and two $46,000 salaries will magically be enough to buy them and restore peace and tranquility to the land.

Or instead, they could lower taxes giving that magical boost to the economy. Then they can just sit back and wait for the increased business revenues to pay more lower taxes to make up for the shortfall they have now because they already lowered taxes and gave back rebates and the money they could sit back and wait for never got there.

Or... they could eliminate 16,000 - 22,857 sanition engineers and leave Californians to pick up their own damn garbage or bury it in their pools.

Or... they could give three times as many sanitation engineers tax breaks so all that extra money could be spent into California business and hope the ensuing boost in tax revenues arrives in time to pay the Sanition Engineers so they do not walk off the job. Because surely if you need 16,000,000,000 you can get it by not collecting 30k in taxes from 48,000 employees. And then when they use the money for buying stuff like vactions in Europe and furniture, and imported fruits and toys and local wines the 8% of the half that is spent locally will surely pay the next round of tax cuts!

And  don't yell at me for being unwilling to cut back. I cannot think of anything that would make CA more unattractive than all of you trusting each other to haul all your garbage all the way to the dumps 3 times each week.

Or water sanitation! You could give that up. Keep dumping untreated waste water right back into your lovely drinking water supplies until raw peepee comes out of your shower head. But don't be bringing your stinking a** to my house for a shower. I pay my taxes for this clean water. If you didn't, don't expect me to bail you out ("bail you out.....ha ha... get it? I crack myself up).

Nahh.. You don't need no stinking Gov't. You could put a tax revolt on the ballot! You could all agree to stop paying taxes forever on say.. April 15th! Then without any money at all the Governator would have no Police force to come to your house and foreclose you.

That is the best solution of all. Mortgage problem solved.

You are welcome,

Devoish

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#8) On February 29, 2008 at 11:28 PM, EScroogeJr (< 20) wrote:

DemonDoug, I was never a real bull. I am a nominal bull, that is, I believe we're going to see a GDP of 30 trln and Dow 25000, but I don't expect the size of the real pie to increase much if at all. I think keeping pace with inflation (and maybe 1-2% extra) is the maximum we can hope to get from this market. Still, I'm fully convinced that real assets are going to outperform green paper, and in this respect I'm 100% bullish.

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#9) On February 29, 2008 at 11:38 PM, rd80 (98.07) wrote:

All of the above.

Followed by an increase in seniors, parents, yachts, companies, luxury RV's and airplanes located in Nevada, Arizona, and Mexico.

 

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#10) On March 01, 2008 at 1:36 AM, abitare (87.45) wrote:

a to f, plus g,h,i,j need to be added then they can add k,l,m,n next year

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#11) On March 01, 2008 at 9:25 AM, floridabuilder2 (99.35) wrote:

 i would suggest eliminating regressive taxes and increasing tax rates on people earning over 250k........ 

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