Tax Revenues Post Biggest Drop Since Depression

SFChronicle ^ | August 03, 2009

[norraad]

Yeah, it'll prolly last that long, but a lot of us know how to grow our own and protect our own, we'll be fine, poor maybe, but fine.

The Grapes of Wrath by John Steinbeck is a good book to read read right now, gives great hope and perspective, and it's great fun.

[Syncro]

the state of california won’t be able to pay their over-paid

school, police, fire and prison unions

They didn't get the wage cut and 3 day furlough?

Many state workers did.

One I know has got 3 furlough days a month PLUS an 25% cut in pay!

Adding the 3 10 hr days not worked, that's cutting 4 more days.

So that is like cutting 1 3/4 weeks of pay.

That's a little more than half.

This particular person I helped get another government job at 57 hrs a month at 11 bucks an hour, so it won't destroy this person's income completely. But it doesn't help the

[GraceG]

>> Can you say ‘VAT Tax’? No income? No problem? We’ll tax everything else!
Bad things happen when the government controls over 50% of the GDP, we’re at 60% NOW! <<.

When this happens I start learning how to barter for food and screw the Central government.

[Kellis91789]

I guess this guy has no clue what the term “limited government” really means:

**
“The numbers for 2009 are striking, head-snapping. But what really matters is what happens next,” said Gale, who previously taught economics at UCLA and was an adviser to President George H. W. Bush’s Council of Economic Advisers.

“If it’s just one year, then it’s a remarkable thing, but it’s totally manageable. If the economy doesn’t recover soon, it doesn’t matter what your social, economic and political agenda is. There’s not going to be any revenue to pay for it.”
**

It doesn’t require much revenue at all to pay for what the Constitution actually authorizes the Federal government to do. That, plus paying off the debt, could be done with 1/3 the current reduced revenue level.