BF2S Forums Tax increases costing jobs.

Isn't this California? The state where everyone kept voting to spend more money and not raise taxes to pay for it?

The state is virtually bankrupt, they don't exactly have many options. When governments run out of money they have to raise taxes.

Bertster7 wrote:

Isn't this California? The state where everyone kept voting to spend more money and not raise taxes to pay for it?

The state is virtually bankrupt, they don't exactly have many options. When governments run out of money they have to raise taxes.

No when the govt. runs out of money they need to stop spending it.

How about we just get the illegal aliens out of here, enact a part time legislator and reduce the number of state employees by 50%

Problem solved.

lowing wrote:

Varegg wrote:

Without tax increase you would soon enough have it even worse ... somehow the budget must get closer to being balanced and the money have to come from somewhere ... increased taxes is a necesary evil as it is now ...

Wrong, letting people and business have their money to build and spend is what will bring the economy around.

Do you live the practice of going deeper in debt to balance your household budget? I doubt it, so how is it supposed to work here? Stealing from the well until it is dry will save nothing.

That's the problem spot on lowing ... there is a very fine balance between spending and taxes ... and especially California has some serious problems knowing how to do it ... obviously ...

Eventually it is the citizens problem ... either they move out of the state or they stay and chip in to get California back on track ...

If the US in general knew how to balance a budget you wouldn't be kneedeep into the world largest bucket of shit ... this is a national problem, not the government alone and not it's citizens alone ...

lowing wrote:

Varegg wrote:

lowing wrote:

Wrong, letting people and business have their money to build and spend is what will bring the economy around.

Do you live the practice of going deeper in debt to balance your household budget? I doubt it, so how is it supposed to work here? Stealing from the well until it is dry will save nothing.

That's the problem spot on lowing ... there is a very fine balance between spending and taxes ... and especially California has some serious problems knowing how to do it ... obviously ...

Eventually it is the citizens problem ... either they move out of the state or they stay and chip in to get California back on track ...

If the US in general knew how to balance a budget you wouldn't be kneedeep into the world largest bucket of shit ... this is a national problem, not the government alone and not it's citizens alone ...

Under the Obama administration we are facing the same crisis nation wide. The unemployment rates of record highs is not exclusive to CA. Foreclosures, bankruptcies and closing businesses are not a product of CA only.

Hence why I called it a national problem in the last sentence

And this has nothing to do with Obama ... the current situation would be exactly the same no matter who was in the White House ...

Varegg wrote:

That's the problem spot on lowing ... there is a very fine balance between spending and taxes ... and especially California has some serious problems knowing how to do it ... obviously ...

Eventually it is the citizens problem ... either they move out of the state or they stay and chip in to get California back on track ...

If the US in general knew how to balance a budget you wouldn't be kneedeep into the world largest bucket of shit ... this is a national problem, not the government alone and not it's citizens alone ...

Right, exactly.

This is pretty much why Lowing bitches, because of equity.  And why people bitch about corporate tax breaks.

Either you want to give the advantage and opportunities for a growth environment, or you slow it down for the sake of equality.



dammit again.  lowing

Last edited by Pug (2009-07-10 11:29:20)

Varegg wrote:

Without tax increase you would soon enough have it even worse ... somehow the budget must get closer to being balanced and the money have to come from somewhere ... increased taxes is a necesary evil as it is now ...

omfg keep that shit in euro land pls.

and i for one said the stimulus should not happen because it was worthless.  well yippie for me i was right.

Bertster7 wrote:

lowing wrote:

Bertster7 wrote:

Isn't this California? The state where everyone kept voting to spend more money and not raise taxes to pay for it?

The state is virtually bankrupt, they don't exactly have many options. When governments run out of money they have to raise taxes.

No when the govt. runs out of money they need to stop spending it.

They've already spent it.

Credit's a bitch like that.

They needed to stop spending a long time ago. Now they need money to pay for all the overspending they've already done. Unavoidable really (now).

If you have massive debts you need more income to pay them off. You would clearly also try and reduce your outgoings as much as possible, but if that's not enough then you need more income. That's the position California is in.

Perhaps, but this is not the way to stop the bleeding and start the healing. A proven fact!

lowing wrote:

Bertster7 wrote:

lowing wrote:

No when the govt. runs out of money they need to stop spending it.

They've already spent it.

Credit's a bitch like that.

They needed to stop spending a long time ago. Now they need money to pay for all the overspending they've already done. Unavoidable really (now).

If you have massive debts you need more income to pay them off. You would clearly also try and reduce your outgoings as much as possible, but if that's not enough then you need more income. That's the position California is in.

Perhaps, but this is not the way to stop the bleeding and start the healing. A proven fact!

And exactly how is that proven lowing?

Varegg wrote:

lowing wrote:

Bertster7 wrote:

They've already spent it.

Credit's a bitch like that.

They needed to stop spending a long time ago. Now they need money to pay for all the overspending they've already done. Unavoidable really (now).

If you have massive debts you need more income to pay them off. You would clearly also try and reduce your outgoings as much as possible, but if that's not enough then you need more income. That's the position California is in.

Perhaps, but this is not the way to stop the bleeding and start the healing. A proven fact!

And exactly how is that proven lowing?

Ummmm the OP for one. The FACT that Marylands tax revenue dropped by significantly the year they imposed a tax on millionaires. For 2, and common sense for 3. Look it up.

lowing wrote:

Varegg wrote:

lowing wrote:

Perhaps, but this is not the way to stop the bleeding and start the healing. A proven fact!

And exactly how is that proven lowing?

Ummmm the OP for one. The FACT that Marylands tax revenue dropped by significantly the year they imposed a tax on millionaires. For 2, and common sense for 3. Look it up.

It depends on how you tax people as to how it affects the business cycle.

The funny thing about California right now is that they are seemingly moving toward a VAT style tax not that different from the Fair Tax, except they still have an income tax.

If California shifts most of the burden off of income and property tax and put most of it on sales tax, business would pick up, while the budget would be closer to balanced from increased revenue.

Whether or not this actually will happen is unknown, but it seems that people are warming up to this idea.

This is why...
http://www.weeklystandard.com/Content/P … 1jfhea.asp
  The air is seeping out of the Great Liberal Hot Air Balloon. American liberals have been hoping, wishing, and praying--okay, maybe not praying--for over a quarter-century for an end to the ghastly interlude of conservative dominance ushered in by Ronald Reagan. Surely it was all a bad dream, a waking nightmare, a bizarre deviation from the preordained path of history.

With the Democratic congressional victories in November 2006, the nightmare seemed to be ending. And in November 2008, with the election of Barack Obama and increased congressional majorities, it seemed to be over. A new era had dawned.

But did it? Maybe we're now experiencing a liberal interlude, not a liberal inflection point. After all, only six months into the new administration, even a talented hot air blower like President Obama, assisted by friendly gusts of wind from the media, is having trouble keeping the liberal blimp afloat.

The stimulus hasn't worked. Cap-and-trade and health care reform are in trouble. The can't-we-all-get-along foreign policy isn't leading to a more peaceful world. And the administration seems to have no idea what to do about Guantánamo.

Congressional Democrats are nervous. Even Obama's media base is concerned. At the end of last week, three leading Obamaphiles offered their lamentations. "The fact is, Obama may be blowing a major opportunity for reform," worried Joe Klein. "There's now a real risk that President Obama will find himself caught in a political-economic trap," warned Paul Krugman. "Failure. Overwhelming, amazing failure," was David Brooks's take on the administration's effort to deal with 
health care inflation--something the president is (according to Brooks) "fervently committed to reducing."

Last edited by [TUF]Catbox (2009-07-11 21:42:01)