Opinion: The tax bill deserves to die

Sig · Nov 5, 2017

DTB2 said:
Sorry Charlie, you're a bit late with your narrative.

http://www.ocregister.com/2017/04/23/leaving-california-after-slowing-the-trend-intensifies/

Actually I'm not late at all, did you actually read the article? I've been fortunate enough to live in CA twice, the only reason I don't now is because of housing prices which are insane (that's what the article is about, could you actually be bothered to read it. Common problem among your belief type given the latest climate change thread) And which are also a direct result of the popularity of the Bay area at least among the wealthy technology class who can afford to live anywhere. Again, those people aren't leaving CA because of taxes and they certainly aren't moving to Kansas or Alabama because they have low taxes!

DTB2 · Nov 5, 2017

Sig said:
Actually I'm not late at all, did you actually read the article? I've been fortunate enough to live in CA twice, the only reason I don't now is because of housing prices which are insane (that's what the article is about, could you actually be bothered to read it. Common problem among your belief type given the latest climate change thread) And which are also a direct result of the popularity of the Bay area at least among the wealthy technology class who can afford to live anywhere. Again, those people aren't leaving CA because of taxes and they certainly aren't moving to Kansas or Alabama because they have low taxes!

Why do you think the houses have become unaffordable? Because wages haven't kept up. Why are the wages keeping up? Regressive business climate including taxes.

So much for you being a big picture guy.

zdreg · Nov 5, 2017

DTB2 said:
Why do you think the houses have become unaffordable? Because wages haven't kept up. Why are the wages keeping up? Regressive business climate including taxes.

So much for you being a big picture guy.

let's see if he honors you by putting you on ignore. sig is completely full of himself.

newwurldmn · Nov 5, 2017

DTB2 said:
Why do you think the houses have become unaffordable? Because wages haven't kept up. Why are the wages keeping up? Regressive business climate including taxes.

So much for you being a big picture guy.

San Fran is very regressive for businesses. The dearth of startups is proof of that.

gkishot · Nov 5, 2017

Sig said:
Actually pretty much every first world country has relatively high taxes. In fact if you looked at the level of taxes actually paid per citizen you'd find a pretty direct correlation between level of taxes and level of prosperity. You should get out and travel a bit.

Makes no economic sense. Wealth comes from savings & investments not from taxes. If the countries are so wealthy as you say why do they need to take money from their own people?

R1234 · Nov 5, 2017

Sig said:
I run a location independent company, so no need to educate me on that. And I'm probably a better example than most having lived in more than a dozen states in a previous life in the military. When I started my first company I chose the place I wanted to live based on a variety of factors ranging from weather to the quality of public schools, availability of bike paths, walkable cities, good restaurants, cosmopolitan mix of people, lack of open racism,...the tax rate was frankly completely irrelevant to me. As it is to pretty much everyone with the skills that allow them to be location independent. Note that many of those things are paid for by state and local taxes that the people in those areas voted for because they value the community over maximizing every last penny to themselves. That's kind of how the whole federal system works, you like 4 day public school weeks and every last penny you live in Kansas and I value my quality of life so I choose where to live based on that.
BTW, most of us living in the real world call the "Kansas Experiment" the epitome of mismanagement, while our "tax and spend" states continue to drive the majority of the county's economy, transfer our wealth to red states through our federal taxes, and invent and run the technology you're using to make your posts. Not sure why you're still so angry at us given that.

I too run a location independent company and I live in NY. Some years I have fallen in the 8.82% NY tax bracket and it has been extremely painful to write such huge checks to a state that will throw it away on non capital expenditures. I don't know about CA but NY has a vast population of overpaid and overpensioned public sector workers. This is a legacy of the 1970's and 1980's when interest rates were high and public pensions did not have the chronic shortfalls they have now. Well, interest rates plunged but the public worker unions still get their fat cat pensions and benefits - even new hires today are promised benefits far exceeding any private sector job. And this is where the biggest slice of the pie of NY income tax and property tax goes to. Do I not have the right to be angry?

Sig · Nov 5, 2017

newwurldmn said:
San Fran is very regressive for businesses. The dearth of startups is proof of that.

I think sarcasm is lost on these folks.

Sig · Nov 5, 2017

DTB2 said:
Why do you think the houses have become unaffordable? Because wages haven't kept up. Why are the wages keeping up? Regressive business climate including taxes.

So much for you being a big picture guy.

Houses are expensive because supply exceeds demand. And demand is high because everyone wants to live there, not Kansas. That's econ 101 my friend, something I highly recommend you take before opining on econ matters!
And I was responding to the false assertion that there was going to be or already is a mass exodos from CA because taxes. Your response is a nice non sequitur to that. When one argument is proven wrong just pivot to the next? Maybe try stopping to think about what you believe once in a while?

Sig · Nov 5, 2017

gkishot said:
Makes no economic sense. Wealth comes from savings & investments not from taxes. If the countries are so wealthy as you say why do they need to take money from their own people?

Because wealth comes from having an educated, healthy, safe, happy population. All those things come from public services paid for by taxes. Again, try traveling a bit, it will open your eyes.

Sig · Nov 5, 2017

R1234 said:
I too run a location independent company and I live in NY. Some years I have fallen in the 8.82% NY tax bracket and it has been extremely painful to write such huge checks to a state that will throw it away on non capital expenditures. I don't know about CA but NY has a vast population of overpaid and overpensioned public sector workers. This is a legacy of the 1970's and 1980's when interest rates were high and public pensions did not have the chronic shortfalls they have now. Well, interest rates plunged but the public worker unions still get their fat cat pensions and benefits - even new hires today are promised benefits far exceeding any private sector job. And this is where the biggest slice of the pie of NY income tax and property tax goes to. Do I not have the right to be angry?

Never said that at all, you have every right to work towards making your elected officials more accountable for those costs. Your right to be upset about that is a far cry from claiming the state is some kind of mismanaged liberal hellhole that the educated wealth creators are fleeing based on taxes, a false narrative for which no evidence has been presented yet.