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Is it really worth the 0.1% in state, local, property, sales, and fuel taxes that you'll save based on 2005 rankings? http://money.cnn.com/pf/features/lists/taxesbystate2005/index.html And upon further inspection, Texas created a new state business tax in 2007 of 1%. The tax makes up about...

Apparently not. :D "Went back to New York to be on Sean Hannity's Fox News show. It was a nice chance to see my daughter, my granddaughter and my son-in-law and take them around town. Those Wall Street wonders may share a big chunk of the blame for our financial collapse, but you can...

If you feel that there are too many people in California ( such as illegal immigrants ) receiving entitlements and draining resources in the State, I hope that you understand that that is not a State issue, but a FEDERAL one.

The structure of the tax code as it applies to the writing off of interest over the life of capital equipment purchased is what (among other things) clearly hurt the Manufacturing sector in this Country. It's really pretty simple. But for some reason, the last Administration seemed to...

Wrong again my friend. California does NOT collect the most in individual income tax per capita, or as a % of income. It ranks 7th and 5th in the Nation using those metrics as of 2006. I really wish you would be able to present FACTUAL DATA to support your claims, rather than post with...

I'm sorry my friend, but your LOGIC is so twisted and convoluted regarding this example that I'm going to pass on spending the time and effort to show how failed it is. http://money.cnn.com/pf/features/lists/taxesbystate2005/index.html

Excellent post. Funny how ALL of the people here on ET that continue to "bash" CALIFORNIA are conservative right-wingers that had absolutely NO PROBLEM at all watching George Bush appointee Pat Wood III, at FERC sit on his hands with his thumb up his arse while Enron "gamed" the power grid of...

Absurd. :confused:

I understand what you are saying, but at this point in the game I would suggest that it is not the REAL issue at hand.

I don't even know why people on ET continue to argue about the pros/cons of the Stimulus Package. It is strictly a sideshow. The much more significant policy is what Geithner decides to do with the banking system . . . and given that Paulson sat there and did virtually nothing but...

First of all, the $787 Billion Stimulus Package is only 5.5% of GDP. Feel free to contrast that with China's stimulus package that is 16% of GDP. At the end of the day, it appears that the elitetraders of ET are casting their vote for a DEPRESSION. For some bizarre reason, I guess these...

Agreed. There is no other place that I would rather live, or raise a family. People here on ET love to take "pot-shots" at California, but they have no idea. They really don't.

As someone that is a 4th generation Californian and actually lives in the State, it is clear to me that you have no idea what you are talking about. First of all, California has never been considered a "high tax" state until the recent budget got passed. In fact, it was ranked 20th in the...

You are sadly mistaken. Abby Joseph Cohen is not the the Chief U.S. Investment Strategist at Goldman, and has not been in that position for nearly a year now. That position is currently held by David Kostin.

Excellent post!

I think that you severely underestimate how complicated it is to price these assets, and this is why Paulson decided to "punt" when it came to the "reverse-auction" that he originally proposed. I'm sure that Geithner understands this dilemma as well as anyone and is desperately trying to...

Your example is far too naive and simplistic. It's much more complicated than that, hence Geithner's "delay" in being specific about an upcoming plan. You fail to take into consideration counter-party risk. Think Lehman X's 1000.

Exactly. Our government needs to understand that consumer spending is going to be under great PRESSURE for quite some time. Consumer spending is roughly 2/3rds of our GDP. Thus, the Government needs to pull their head out of their arse and legislate tax law changes that stimulate the...

"To get there, Obama proposes to cut spending and raise taxes. The savings would come primarily from "winding down the war" in Iraq, a senior administration official said. The budget assumes that the nation will continue to spend money on "overseas military contingency operations" throughout...

The legislation that allowed for credit default swaps to become a $70 TRILLION DOLLAR NIGHTMARE - - - without any regulation/oversight, or the transparency of being traded on an exchange and cleared via a clearing house . . . came from none other than Republican de-regulator, Phil "Enron" Gramm...