California State Controller John Chiang has announced that total state revenue for the month of November 2012 fell $806.8 million, or 10.8%, below budget. Democrats thought they could hammer “the rich” by convincing voters to pass Proposition 30 to create the highest state income tax in the nation. But it now appears that high income earners have already “voted with their feet” by moving themselves and their businesses out of state, resulting in over $1 billion shortfall in corporate and income taxes last month and the beginning of a new financial crisis. Passage of Proposition 30 set off euphoria
If California had more businesses and more people with decent jobs and homes they owned (that would follow with more businesses), they´d see more tax revenue. Trouble is, the hyper-taxation drives away businesses, downsizes or closes up those that remain, puts people out of work and uses up their wealth. Revenues drop. What a dilemma Sacramento has created!
Here´s a clue. When you attract an unlimited number of third world illegals with free stuff and they elect even more people who give them more free stuff, they (illegals plus illegal-pandering legislators) turn your state/country into a third world hellhole.
Now we have a President doing this to the entire country. Pretty soon there won´t be state left that you can run to.
I live in California, and it feels a lot like being on the deck of the Titanic, waving to the people leaving in life boats. Two days after the election, a soft-ware company here in San Diego announced that it was moving to Texas. Employees have till the end of the year to decide whether to move with the company or take their chances finding another job here. (Good luck with that.) Then, our very best neighbors on the block--the people you call in an emergency, the people who organize block parties--announced that they are moving to Texas. They have a small business and want to expand. No way can they do that here. Their house is up for sale and they´ll move as soon as escrow closes. Meanwhile, another house on our block has gone back to the bank. But our dynamite legislature is preoccupied with outlawing plastic bags and insisting that the contribution of gays be taught to elementary school students.
Revenues in freefall despite tax increases. I´m shocked, shocked!
Liberals are so stupid they literally thought that businesses and high-earners would be euphoric, too, over the chance to provide even more lavishly for government workers and parasites (redundant, I know) who actually voted for this piece of crap.
We don´t have to bother with secession. We´ll soon have our own pleasant, well-run states populated by sensible and responsible people; and they will have their self-righteous, politically-correct, parasite-riddled hell holes.
My son is a college student and still lives in California. He called me awhile ago and told me to send plastic grocery bags to his Grandma (my mom). The county on the central coast where they live has already banned them.
I miss the beautiful scenery California has to offer, but I don´t think I´ll ever miss the lefty lunacy.
I live in the Central Coast where the plastic bags are banned AND all retailers have to charge 10 cents a bag for paper bags. It won´t be long until the articles will be flooding the news of disease being spread by the dirty reusable bags people are forced to haul into the stores. And I too hear the stories of businesses closing.
Despite all of that, after spending four years in solid traveling in all of the 48 states, there is no place I´d rather live.
Sigh....I mourn for my state...the idiots in Sac are so stupid they couldn´t pour p*** out of a boot if the instructions were printed on the heel. We have contemplated moving, but with my Mom with moderate to severe dementia, there is no moving at this time. We live in one of the poorist counties in the state, with agriculture as our major business. Lots of businesses have closed, it´s a sad state of affairs.
They say that California has always been the trend setter for the entire USA. Well it looks like California has already fell off the fiscal cliff and that the entire USA guided by Obama is sure to follow.
They bulldozed the orchards I loved in 1968 and replaced them with freeways and shopping centers, in the Santa Clara Valley. In 1979 I returned and stayed with my father, while trying for months to find a place to rent. It would take two hours to drive the 10 miles to work on the freeway. The illegals already had most of the jobs and housing, and it was no longer the California I grew up in. I gave up and moved to New Mexico. Unfortunately, the Cal liberals followed me, and they shut down logging, ranching, and mining. They are like a pestilence that destroys an area and moves on to the next.
Since Obama et al knows all this - that raising taxes lowers revenue - what is the reason for doing this to the entire country? The fact that he doesn´t want to eliminate loopholes - like the ones his friends from GE and Warren Buffet use - means that the "rich" aren´t his actual target - at least the ones who support him.
I have to imagine that his real target are independent thinking smaller businesses - entrepreneurs who want the government off their back. If Obama eliminates the middle class then we´ll only have the controllers and the takers and the takers will wake up someday and realize they are all equally miserable with no way out since they´re both dependent on the government.
I work with a guy originally from Eritrea in Africa which he tells me was the most industrial country in Africa with a ton of Italian influence. His mother speaks fluent Italian, cooks Italian from scratch, etc. But then someone took over by force and now they are the least industrialized country in Africa...which is saying a lot. Seems to me this is what Obama has in mind - turning us into a third world country while he and his friends live like rich Arabs.
Much of the budgetary woes California is in now can be attributed to the power of politics corrupting even some of the decent legislators in Sacramento. It´s like an addictive drug. Benjamin Franklin was right when he said, "when people find that they can vote themselves free money, that will usher the end of our republic". Case in point are Detroit, Chicago, and Sacramento.
They started with temporary increase of corporate taxes, sales taxes, and income taxes. The lost corporate tax revenue, raised money with the sales tax (unavoidable) and lost a little on the income tax. You just knew that this wouldn´t convince them that tax increases didn´t work. So now they´ve made it part of the tax code and surprise, they lose revenue. California won´t let the oil companies drill for oil they know is there, won´t let the farmers have the water from the reservoirs built for that purpose, and have driven the motion picture industry to film in other states. Where are they going to find money to tax?
That´s the funniest part of this article, the last paragraph. "As panic spreads that goosing taxes on the rich may have created enough “tax flight” that the California will actually collect less taxes, there was welcome news that a business had committed to opening in the State. Executives of the 99 Cents Only Stores Inc. proclaimed they would be opening a new location in Beverly Hills on formerly posh Rodeo Drive."
Perhaps they will be able to sell to the squatters living in the abandoned houses in Beverly Hills once the rich actors have set up residency in another state.
All Cal. needs to do to become solvent is charge a 10% fee on all wire transfers out of the state.Of curse they did just the opposite and made it easier by people depositing cash in a debit account and giving the people on the other end their PIN .
They are doing it wrong. They need to tax everyone one-hundred percent. The dummies who keep electing tax collectors don´t realize it´s not about raising taxes. It is about economic equalizing to the lowest common denominator.
The worst part is that the responsible uneducateds will flee the state and infest the rest of the nation. Someone alluded to FLA. It is full of NY socialists.
The poor riff-raff sure love it when you give away the store. But soon the store goes broke and out of business. Then everyone is left with nothing. The smart folks voted with their feet. Good for them!
We need to get back to letting the states decide issues such as how much to spend on social programs. If states like California want to spend a lot of money, and tax their citizens accordingly, then that is thier business.
The Federal government is broke. A centralized power in Washington DC is not a good thing. We should cut back Federal spending and federal taxes, and let the states decide how much to spend and how much to tax.
This is why we need a new political party to replace the Repugs. Neither the Dimms nor the Repugs want to decentralize power outside of Washington.
Poster #29: Since Obama et al knows all this - that raising taxes lowers revenue
This has been in the public record for five decades, President Kennedy said this when lowering taxes. 0bama admitted he knew this to be true in a pre-primary debate with HiLIARy in 2008. The moderator, Charles Gibson referenced specific tax increases and decreases with Reagan, Clinton and Bush and their inevitable consequences.
0bama then said, "Yes, but, I want to raise taxes to be fair." He has a distorted definition of "fair," he doesn´t care about lowered revenue.
It may not fully make up for President Obama’s gutting of America’s manned spaceflight program, but for now it will have to do. Star Trek’s Galileo, the fiberglass shuttlecraft featured on the “The Galileo Seven” episode of the classic ’60s sci-fi series, was officially unveiled Wednesday at Space Center Houston, the official museum/visitor center of NASA´s Johnson Space Center, where it will remain on permanent display. If nothing else, the Galileo development program proved far less costly than NASA’s $9 billion next-generation space program, Constellation, which fell victim to Mr. Obama’s budget ax in 2010.
President Obama, who extolled the value of middle-class construction jobs during nearly five years of recession and recovery, has changed his tune to borderline contempt for the blue-collar jobs needed to build the Keystone oil pipeline. In a speech in Chattanooga, Tenn., Mr. Obama actually chuckled derisively Tuesday when he mentioned that Republican lawmakers are promoting the pipeline project for the thousands of jobs it would create over two years. “They keep on talking about this — an oil pipeline coming down from Canada that’s estimated to create about 50 permanent jobs,”
Two New York Times reporters recently posited for President Obama this grim scenario: Low growth, high unemployment, and growing income inequality become "the new normal" in the nation he leads. "Do you worry," the journalists asked him, "that that could end up being your legacy simply because of the obstruction ... and the gridlock that doesn´t seem to end?" Obama´s reply was telling. "I think if I´m arguing for entirely different policies and Congress ends up pursuing policies that I think don´t make sense and we get a bad result," he said, "it´s hard to argue that´d be my legacy.
A military court Tuesday convicted Army Pfc. Bradley Manning of violating the Espionage Act for leaking hundreds of thousands of classified documents to WikiLeaks, a verdict that legal analysts say likely will have a chilling effect on others considering revealing government secrets. While Manning, 25, was acquitted of the most serious charge — aiding the enemy, which carried a penalty of life in prison without the possibility of parole — he still faces up to 136 years in prison when he is sentenced at Fort George G. Meade, Md. The sentencing hearing, which starts Wednesday
A Saudi Arabian activist said his government provided Egypt´s military with $1 billion to stage a coup against former president Mohammed Morsi and install interim leadership. Political activist Mujtahid bin Hareth bin Hammaam, who operates an active Twitter campaign aimed at exposing corruption in the Saudi government, said Gen. Abdel Fattah el-Sisi received the money on July 3, United Press International reported. The reason for the payoff, he alleged, was so Egypt’s transfer of power would flow smoothly. But now the Saudi government isn’t sure it spent its money wisely, he said.
Republican lawmakers blasted a proposal by President Obama on Tuesday to cut corporate taxes in exchange for more spending on job-training programs, calling it a revival of a failed plan that would raise taxes initially. “It’s just a further-left version of a widely panned plan he already proposed two years ago — this time, with extra goodies for tax-and-spend liberals,” said Senate Minority Leader Mitch McConnell, Kentucky Republican. “The tax hike it includes is going to dampen any boost businesses might otherwise get to help our economy.” Mr. Obama visited an Amazon.com distribution center in Chattanooga, Tenn.,
Writing at RealClearPolitics, Heather Wilhelm says that she’s moving from Chicago to Austin, Texas soon. Howdy and welcome! Her move has generated the usual liberal reaction — “Oh, good, because Austin is TOTALLY DIFFERENT from the rest of Texas.” Implying, or often outright stating, that the rest of Texas is a relic of the Neanderthal era with a strong dose of that old time religion that liberals fear and loathe so much. The reaction amuses her, as it should. This deep-seated fear of the ills of religion is intriguing, given that in both books, said ills
The consensus response to President Obama’s Knox College speech on the economy is that the administration has been reduced to pushing a menu of stale and timid policies that, in any case, won’t be enacted. But what if the administration isn’t actually out of ideas? What if Obama’s boldest policy initiative is merely something he’d rather not discuss? And what if that initiative is being enacted right now? A year ago, I published Spreading the Wealth: How Obama Is Robbing the Suburbs to Pay for the Cities. There I described the president’s second-term plan to press a transformative
Hollywood’s James Woods took to Twitter to condemn a recent Rolling Stone magazine edition that seemed to glorify terrorism by splashing a rock-star-type photograph of Boston Marathon bombing suspect Dzhokhar Tsarnaev on its cover. His weekend tweet included a mock-up of a Rolling Stone cover with the head shot of the 8-year-old boy, Martin Richard, who was killed in the April 15 blast. Mr. Woods‘ accompanying Twitter text: “Rolling Stone cover we will never see.” On Monday, the tweet was still making social media waves, with nearly 700 retweets and more than 260 ‘favorites’ clicks.
The FBI has told Congress it does not need to get a warrant to conduct surveillance with drones, in a letter laying out some of the top federal law enforcement agency’s policies for how it uses unmanned aerial vehicles. In a July 19 letter to Sen. Rand Paul, Stephen D. Kelly, assistant director for the FBI’s congressional liaison office, said the agency has used drones in 10 instances, including twice for “national security” cases and eight times for criminal cases. The FBI authorized the use of drones in three other criminal cases but didn’t deploy them.
Via Hot Air and Byron York, Barack Obama has crossed the constitutional Rubicon. The die is cast. He realizes as much, and is daring Congress to stop him in the pixels of the New York Times. NYT: People questioned your legal and constitutional authority to do that unilaterally — to delay the employer mandate. Did you consult with your lawyer? MR. OBAMA: Jackie, if you heard me on stage today, what I said was that I will seize any opportunity I can find to work with Congress to strengthen the middle class, improve their prospects, improve their security
Conservative bloggers went wild Monday when they got wind of the Congressional Black Caucus’ suggestion that President Obama pick Rep. Sheila Jackson Lee of Houston for the post of Secretary of the Department of Homeland Security. Rich Cooper, avid blogger for Security Debrief, responded to the news of the Jackson Lee recommendation in a post by saying, “Apparently, it is not a joke. For reasons that baffle any sense of reality, it is a serious gesture on the part of the Congressional Black Caucus (CBC) to encourage President Obama to nominate Rep. Jackson Lee
Mark Levin, who hosts one of America´s top radio talk shows and is considered by supporters to be the people´s pundit on the Constitution, is rallying his 8.5 million-strong audience to demand an historic convention of state governments to halt the "oppressive power" of the federal government. The author of two New York Times bestsellers on the threats to the Constitution, Levin hopes his latest, "The Liberty Amendments," out mid-August, will spark the state lawmakers to tap a rarely used Constitutional provision to institute measures that would brake President Obama´s use of executive orders, bar thousand-page laws and
The former commander of special operations in Northern Africa told a closed-door briefing today that he was largely detached from events the night of the Benghazi attack as he was traveling at the time. The testimony of Col. George H. Bristol, USMC, Former Commander, Joint Special Operations Task Force-Trans Sahara, Marine Corps Forces Special Operations Command Africa, had been eagerly anticipated by members of Congress. Originally, lawmakers had been told by the Defense Department that he had retired — the actual date is Aug. 1, an “administrative error” according to the Pentagon — and that they didn’t have
FORNEY, Texas - George Zimmerman, the former Florida neighborhood watch leader cleared of all charges in the shooting death of Trayvon Martin, was pulled over for speeding in North Texas on Sunday, CBS DFW reports. According to the station, Zimmerman was armed when officers pulled him over on Highway 80 in Forney, east of Dallas. (Snip) The officer reportedly did not recognize Zimmerman, who was driving a Honda pickup. Zimmerman told the officer he was armed and was then told to put the weapon in his glove compartment, according to the station.
Arizona Sen. John McCain was the Republican Party´s 2008 presidential nominee and he still wants the keys to the Oval Office. But he is beginning to sound more like a fan of likely 2016 Democratic presidential candidate Hillary Clinton. "She´s a rock star," he said in a newly released interview. "She has, maybe not glamour, but certainly the aura of someone widely regarded throughout the world," he added in a reference to her work as secretary of State. McCain, reportedly trying to win back his reputation as a GOP maverick, was asked by the New Republic
President Obama has been rolling up his sleeves campaigning across the country delivering a surreal stump speech message supposedly aimed at the middle class: big government works, Obamacare is manna from heaven, the wave of recent scandals are “phony” figments of the imagination, and all economic problems are the fault of the Republicans. Conveniently, he leaves out the bankruptcy of Detroit, a city run by his own party for more than half a century. His message is so stale and unconvincing, that even The New York Times and Washington Post have noticed. Both papers, usually loyal to Obama, remarked that
Gotta figure her lead would be even bigger without Joe Miller in the field here. Her nomination for the taking? Alaska should be a top tier pick up opportunity for Senate Republicans next year…but their top choice of a candidate is Sarah Palin. 36% of GOP primary voters in the state say they’d like Palin to be their standard bearer against Mark Begich to 26% for Mead Treadwell, 15% for Dan Sullivan, and 12% for Joe Miller.
Serial sexter Anthony Weiner’s wife partly blamed herself last year when her horndog husband confessed to her that he was at it again. Friends and family told People magazine that Huma Abedin was kicking herself at the time for bailing out of couples counseling and focusing more on their newborn baby boy. But, thanks to a new round of joint therapy that continues even now, the couple was able to put the relapse behind them. “They really became a unit, and she feels much closer to Anthony now,” a relative told the magazine. That’s a long way from how Abedin
Embattled Internal Revenue Service official Lois Lerner and an attorney in the Federal Election Commission’s general counsel’s office appear to have twice colluded to influence the record before the FEC’s vote in the case of a conservative non-profit organization, according to e-mails unearthed by the House Ways and Means Committee and obtained exclusively by National Review Online. The correspondence suggests the discrimination of conservative groups extended beyond the IRS and into the FEC, where an attorney from the agency’s enforcement division in at least one case sought and received tax information about the status of a conservative group,
Sen. John McCain — a Democrat? There was confusion Wednesday after the Arizona Republican mistakenly strolled into President Obama’s meeting with Senate Democrats at the Capitol. The room full of Democrats — who happened to be meeting in the same room where the Senate GOP usually holds their weekly policy luncheons — erupted in applause and laughter as the former Republican presidential candidate made his entrance. As McCain, 76, walked out of the Dem-filled space, reporters pressed him as to why he stepped foot in the room.
In an interview on National Public Radio (NPR), House Minority Leader Nancy Pelosi said her new agenda for women will give mothers access to day care so they can “earn without carrying the burden of child care.” During the interview, aired on Weekend Edition Sunday, Pelosi spoke about her newly announced agenda, which is on her website, and is titled, “When Women Succeed, America Succeeds: An Economic Agenda for Women and Families,” a plan that includes universal pre-school and access to day care for working women, and an increase in the minimum wage.
In preparation for the release of Oscar-bait film The Butler, Forest Whitaker, Oprah Winfrey, and director Lee Daniels (Precious) sat down with Parade magazine. The film chronicles a butler (Whitaker) who works in the White House through seven administrations. Winfrey plays the butler’s wife. In the interview, Winfrey explained her sadness that so few Americans know about the history of the civil rights movement: “They don’t know diddly-squat. Diddly-squat.” She then said of the historic use of the n-word, “I always think of the millions of people who heard that as their last
In her first speech since taking over the Environmental Protection Agency, Gina McCarthy came out swinging Tuesday and promised to ramp up the aggressive climate change agenda laid out by President Obama.(snip)“Can we stop talking about environmental regulations killing jobs? Please, at least for today,” she said during remarks at Harvard Law School. “We need to cut carbon pollution to grow jobs. We need to cut carbon pollution to strengthen the economy. Let’s talk about it positively. Let’s approach this as an opportunity of a lifetime. There are too many lifetimes at stake.”