Posted on 07/08/2019 10:30:01 AM PDT by Kaslin
And never WILL understand.
They’re all gonna implode. The only thing to do is get out of the way.
They are laughing all the way to the other states taxpyer banks. Infrastructure will be their savior, again.
Imagine how much better the economy would be if California Jersey New York, and Massachusetts cooperated
Thusly doth the healthy State eventually succumb.
He also barely won last year's U.S. Senate election against a worthless fossil.
Yup. We should all heed the lesson of 2008.
If one goes to the United States Congress with a sufficiently butt-puckering tale of impending economic doom and terror, they WILL get a bailout.
No matter how many people oppose it.
“Economic Growth”
The Los Angeles Basin is packed.
Cape Code is packed.
Eastern Massachusetts is nearly full.
New York City is packed.
Long Island is nearly full.
There comes a time when economic growth is pointless.
The Laffer Curve is a simplification.
In the short term tax revenue can be increased sharply. Many Californians and New Yorkers know that to be the case.
In the longer term, the Detroit effect takes place.
Which reminds me of a great mystery: CA leads the nation in economic growth. And that’s with the already largest economy in the nation.
“The repairs California needs for roads, bridges and mass transit”
are less than say what Pennsylvania and many other older and colder states need.
Not if expectations are rational, and property values drop (i.e, in the case of a sudden property tax hike).
“Which reminds me of a great mystery”
The Silicon Valley venture capital system is no mystery. No rivals need apply, it keeps key members of the major media well informed and makes them team players.
The Federal Reserve keeps interest rates low and America’s money headed towards Silicon Valley and Wall Street and Greenwich.
The Florida mall two miles away from me has spots for four anchors, two of which are vacant.
About half of the other space in the mall is vacant.
Politicians need to measure economic success by looking at more than tax revenue receipts.
New Jersey clearly shows the impact of really high property tax rates.
“Imagine how much better the economy would be if California Jersey New York, and Massachusetts cooperated”
Imagine the PPACA, which greatly increased the prices received by the drug companies in those states.
What made Florida boom was the amendment to the Florida Constitution that removed property taxation for low income homeowners over age 65.
“They’re all gonna implode. The only thing to do is get out of the way.”
The middle class sections just deteriorate slowly over time.
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