Posted on 11/20/2008 5:56:34 PM PST by NormsRevenge
I believe the word you are looking for is "Schwarzenegger".
It ain’t bad yet kids. It’s going to get much worse.
They left out the most important fact: capital flight.
Many of us are voting with our feet. I am taking my considerable salary (tax revenue to government types) from California to Texas. Any business who can will leave the onerous conditions to the beckoning environs of Nevada or other nearby states.
Very soon there will be more in the cart than pulling it.
A lot of oil out there off the coast of California.
I’m sure all of the grateful illegals will help to pull the state up by the bootstraps after all the billions spent housing them and educating their children /sarc
Of course you are exactly right. Salt Lake City is going to be a frikin’ boom town. I should go snap up some apartment complexes there.
jas3
Plus the chickens are safe! Whew! We have our priorites straight out here in Kalifornia!
is there income tax in Salt Lake?
I know Nevada doesn’t have one, nor Texas and Pennsylvania.
That is a big factor. When I compare millage in Tx to my property taxes in California (even WITH Prop 13 freeze), they are about the same.
My God, this is the most horrendous prediction I’ve ever seen. Revenue streams collapsing left and right and I’ll bet the report doesn’t even include the mass exodus of highly educated workers from the state leaving when all the jobs disappear. That’ll trigger another downward spiral on real estate prices as supply greatly exceeds demand. And still the bastards in Sacto refuse to cut spending AND the idiot populace passed all the spending bills two weeks ago. Santa Clara County just recounted the vote for the 1/8 cent sales tax hike to pay for BART to come down here. When I moved to CA in ‘73, we were already paying a special BART tax that never got the train close to Santa Clara County and here we are 35 years later still approving and paying BART taxes.
Is there any fiscal sanity anywhere in this country? Is the entire nation governed by blithering idiots?
What? How can this be? Aren't bonds free? /s
My fellow Californians have always believed the good weather would ensure prosperity. With traffic, taxes, onerous burdens on business, and endless quantities of illegals, Atlas is finally shrugging.
Norm.... yes the Idiots have grown up and are now in charge....
Looks like the taxpayer is going to have to bail out big government.
There is an income tax in Pennsylvania and Utah.
jas3
Right.
No chicken stew for you, you meanie.
PA has a state income tax, albeit not as high as that of NY. Where you save money in PA is the considerable reduction in property taxes relative to NY and NJ.
When did Pennsylvania start an income tax? They didn’t have one when I worked there a few years ago...
Utah, I figured on.
I think there is a website somewhere that lists the tax bases for different states.
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