Phil Mickelson may leave California

27,691 Views | 287 Replies | Last: 12 yr ago by mvargus
BearlyCareAnymore
How long do you want to ignore this user?
Brainsmile;842066528 said:

http://www.foxnews.com/sports/2013/01/21/golfer-phil-mickelson-plans-drastic-changes-over-new-tax-rate/


I honestly don't have any ill will if he wants to leave because it is cheaper to live somewhere else. That's his business. He opened himself up by making a spectacle of it, but, eh. I don't care.

But come on guys. I've been hearing all my life that everyone is leaving California because of taxes. And all my life the property values have soared. The money is not pouring out of the state.

And the fact is that most people who do leave go because they can get a much cheaper house somewhere else. And then there is someone else who is willing to buy the house. If there wasn't, the housing market wouldn't be what it was.

Most businesses that leave do so mostly because of the cost of property and the high salaries they have to pay here. They leave because there is a cheaper workforce somewhere else. And the ones that come here do so because they can't find the workforce somewhere else. And usually that is because they create high paying jobs. The wealth in the Bay Area just keeps going up.

And for the most part, the states that are major economies have high taxes, high property values, and high cost of living.

That doesn't mean I think they shouldn't keep taxes as low as possible and spend more wisely. We have high taxes, public schools are our major expenditure, and somehow we still spend less per student than almost any other state, and our schools are mostly an embarassment. The California government is broken and is not giving us value for our dollar. I agree.

But while the California government may suck, California is fine. Some people may leave. They will be replaced. It is, frankly, hard to believe that they would leave over a few percentage points of taxes vs. the overall cost of housing and everything else here. It is expensive to live in California, and it would be if there were no taxes. And yet, at any given point in our history, the cutting edge businesses in this country seem to be here. It may be despite the taxes. It certainly isn't because of the taxes. But the everyone is going to leave California argument is silly at this point.
glb78
How long do you want to ignore this user?
See ya! GTFO!
SonOfCalVa
How long do you want to ignore this user?
Ukrainian;842066943 said:

[COLOR="Blue"][SIZE="2"]Note that the peak of the graph is during the Reagan years !![/SIZE][/COLOR]


an interesting graph would be to show all income (earned and "unearned') with all federal taxes including payroll taxes as a percentage of the total gross income.
wifeisafurd
How long do you want to ignore this user?
dajo9;842066822 said:

This is why things have gotten so much more productive in Sacramento since Brown and a supermajority of democrats have been elected. The democrats have reformed and raised taxes and cut public union compensation / benefits. Both of which were necessary. A balanced budget is in sight and progress is being made in California, finally. Thankfully, the "my way or the highway" obstructionists have been relegated to a small little bench in the back of the room in Sacramento so that in the future as additional decisions are required, the grown ups can make them.


I don't think bankruptcies and forcing public employees to lose vested pensions is the answer, IMO. I see massive strikes and problems with this outcome. Brown wants and needs to change the way the state does business.
wifeisafurd
How long do you want to ignore this user?
SonOfCalVa;842066612 said:

Michelson is going to have to MOVE FAST or the golden gate will hit him in his fat girly-butt.
And, as you did not note, all those other gofer golfers went to other states long ago. But they'll return and be taxed on their in-state earnings. In aggregate, they'll still have millions in their pockets after taxes.


Actually golf winnings are taxed to the state in which the tourney occurs. Sports professionals (and those of us who are partners in firms with multi-state offices) pay taxes in numerous states. The income that moves with PM is his dividend, interest, and investment income, which is attributed to his state of primary residence. It may be less than one would initially think. In Cal, Phil, as a CA resident currently, would be taxed on all his worldwide income, but get a credit for taxes paid to other states.
wifeisafurd
How long do you want to ignore this user?
beelzebear;842066577 said:

California like a few large states only gets something like .87 for every dollar sent to the federal government via taxes. Fix that formula, make things even and equatable and California is better off and the state income tax likely goes down.

California really should consider splitting from the union if we're shorted on fed tax dollars by .13...that adds up. As the world's 9th largest economy, I think we could survive and do better.

As for corporations leaving California, let them leave...they'll be leaving the Prop 13 corporate loophole behind. If I understand it properly, corporate real estate taxes don't change even if ownership or partnership changes. No other state does or can afford this. Why should California?


At least to your understanding of property tax law. A 50% change of ownership triggers a reassessment (with an exception for "publicly held" corporations). Not taking issue with anything else. BTW, when property values are declining such as in the last few years, tax assessors try to avoid reassessments, even though they technically are required under Prop. 8.
wifeisafurd
How long do you want to ignore this user?
tommie317;842066818 said:

Tiger probably has one of them again (probably wants her back because she stole his mojo):

http://jezebel.com/5976946/tiger-woods-re+proposes-to-ex+wife-elin-nordegren-with-200-million-prenup-because-oh-sure-why-not


if so, wow, just wow.
mvargus
How long do you want to ignore this user?
manus;842066938 said:


So, what you are saying (?) is that there our citizens of this Country that are so self-sufficient and live in such a vacuum...

...that they have no need of the soldiers who protect us, roads, fire protection, police protection, schools, traffic lights, care for the disabled amongst us, public transportation, bridges, levees, disaster relief, etcetera, etcetera (=all of the latter and more which COSTS money...that comes from citizen taxpayers)?

Interesting...


No need? Did I say that? No. Nor did I say that there should be no taxes at all, bu there does have to be a sensible limit and I feel it should be a lot lower than you do. As for your list of items.

Soldiers - I'm for this, but most of the people demanding tax increases turn around and demand that we CUT defense spending, so why would I support their tax increase?

Roads - This I support, but this is a tiny part of the budget.

fire protection -A sensible item, but should be covered by local property taxes since fire protection is on property. Income taxes should not be used to fund fire protection. (and I absolutely hate the pension system we have which has been grossly abused and will soon cost us more than the active protection we receive.)

police protection - again should be dealt with largely on a local level and be funded through sensible property taxes. However, here we are also seeing far too much administration. I'm sorry a desk jockey at some state board for law enforcement adds little value to the overall police protection, but tends ot add a ton to the costs. We can almost certainly save money here.

Schools - This has long been a quandry for me. Our public schools are horrible and getting worse. We have too much adminstration at district and state levels, too many agendas in the education itself and a public that doesn't beleive that education matters. And this has become a disaster at the college/university level where attempts to graduate more kids has driven tuitions and adminstration costs sky high without really improving the lot of many of the kids who go. And with new internet technology emerging which can greatly improve learning we could probably drop the cost quite a bit if we got out of the current mindset. We are already seeing that with MIT and Harvard offering online classes that can have 10,000+ students.

traffic lights - part of roads, why make it a seperate item?

care for the disabled amongst us - The standard here is a question, and how we define "disabled." I've met quite a few people who were "disabled" and collecting benefits, but could have easily done most jobs. THe problem is the benefits they could receive exceeded the salaries they could start at. I do want to help these people, but bureaucracies are notorious for wasting money and offering poor return. From what I've seen this is one.

public transportation - With the way the suburbs have grown up in California this is always a heavily subsidized line item. I agree that some provisoins need to be made to help those without a car move around and be able to conduct their lives, but I also often wonder if the benefits we receive from this are worth the cost. For the most part I've been willing to accept this line. However, the High Speed sinkhole being built in the central valley is a complete waste of our tax money.

bridges - part of roads

levees - recent studies suggest that these have actually made floods worse over the years. This is a wonderful example of our government inventing a reason to exist and then finding a problem to justify the reason after the fact. sadly, its a bit hard to remove a levee after we've built it.

Disaster relief - Ah, the jobs of collectivism. Some disasters probably do rate some level of government help, but far too many "disasters" are excuses to throw money away. Flood relief is a wonderful example as is flood insurance. If the government didn't provide the relief, people wouldn't build in flood plains and then we wouldn't have to spend the money. It's kind of funny that so many groups and organizations stress proper disaster preparation, but one of the ways that is never mentioned is at the start where you can build to avoid or alleviate most of the forces of a disaster. You'll still get the occasional situations like Hurricane Sandy, which travelled into an area not any hurricanes travel and surprised the population on the East Coast, but many experts have pointed out that New Orleans is largely built below sea level so the Hurricane Katrina disaster was inevitable. The location guarnateed massive damage.

I could go on and pick apart many of the departments I consider far more costly than the few you started with. Welfare is one I noticed you avoided despite the fact that many people admit that its abused far too often.

and that is the problem. You jumped on my comment and started saying that because I want to keep more of my money I must be anti-government, something I didn't say. I do see a need for government at some level, but I believe that what government we have no is excessive and that at all levels we have a severe spending problem. Government is trying to do far more than just fire, police, defense, roads, schools. That is the problem. Let's keep government to what it can do well, and fix the root causes of the other problems. Until we do that government will be a cancerous growth on society. My only question is if we'll go down like Greece appears to be heading to, or will it end up being a quiet death like Imperial Rome which eventually spent itself into decline and oblivion.
Golden One
How long do you want to ignore this user?
Right on! This is only the beginning, as we can expect to see the exodus from California accelerate due to the very punitive income tax rates, crumbling infrastructure, and failing public schools. Only the favorable climate and the diversity of outdoor activities cause many folks to be reluctant to leave the state. However, there is a limit beyond which that's not enough to retain highly successful individuals or companies. Just recently Chevron, one of the largest employers in the Bay Area, announced that by the end of this year over 2,000 employees will be relocated from San Ramon to Houston.
mvargus
How long do you want to ignore this user?
wifeisafurd;842066980 said:

I don't think bankruptcies and forcing public employees to lose vested pensions is the answer, IMO. I see massive strikes and problems with this outcome. Brown wants and needs to change the way the state does business.


The problem with the pensions is that the promises vastly exceed any projected tax revenues. The only way that many of these pension promises could be made was that CALPIRG admins managed to cobble together forecasts that said they could invest what funds they did receive and get 10+% returns. The truth is that they have been seeing 2-3% returns for the last 5 years. But they tuen turn around and allow various government organizations to increase the promises and delay the increased pension investments again.

At some point this will explode. It already has in San Bernadino. The city couldn't keep up the payments because their tax revenues weren't high enough. And much of the drop was caused as businesses abandoned the city. Right now you could probably triple the property tax in the city and still not allow them to pay all of the arrears they have built up in the pension funding. (and you'd drive out what little business they have left, which would probably drop overall tax revenues.)
wifeisafurd
How long do you want to ignore this user?
Ukrainian;842066943 said:

[COLOR="Blue"][SIZE="2"]Note that the peak of the graph is during the Reagan years !![/SIZE][/COLOR]


having been in the tax department of a "Big 8" during the some of the Regan period (starting in 1980) and prepared hundreds of returns for client executives and wealthy folks, there were huge write-offs allowed for so called tax shelters which "went above the line" allowing, among other things, write offs beyond investment (trying to avoid terms like basis, etc.). The upshot is the average income being reported is artificially low, and the true "average tax rate" during the period before the tax law changed is grossly overstated. I want to wretch every time I hear some economist on NPR get up and repeat the mantra about high rates during the Regan years. The effective rate based on real cash income was not higher. The guys that put these numbers together really are clueless as to how tax returns were prepared. End of sermon.
Nofado
How long do you want to ignore this user?
While the Bay Area housing prices may be soaring... that's not the case in many other parts of the state.
wifeisafurd
How long do you want to ignore this user?
OaktownBear;842066953 said:

I honestly don't have any ill will if he wants to leave because it is cheaper to live somewhere else. That's his business. He opened himself up by making a spectacle of it, but, eh. I don't care.

But come on guys. I've been hearing all my life that everyone is leaving California because of taxes. And all my life the property values have soared. The money is not pouring out of the state.

And the fact is that most people who do leave go because they can get a much cheaper house somewhere else. And then there is someone else who is willing to buy the house. If there wasn't, the housing market wouldn't be what it was.

Most businesses that leave do so mostly because of the cost of property and the high salaries they have to pay here. They leave because there is a cheaper workforce somewhere else. And the ones that come here do so because they can't find the workforce somewhere else. And usually that is because they create high paying jobs. The wealth in the Bay Area just keeps going up.

And for the most part, the states that are major economies have high taxes, high property values, and high cost of living.

That doesn't mean I think they shouldn't keep taxes as low as possible and spend more wisely. We have high taxes, public schools are our major expenditure, and somehow we still spend less per student than almost any other state, and our schools are mostly an embarassment. The California government is broken and is not giving us value for our dollar. I agree.

But while the California government may suck, California is fine. Some people may leave. They will be replaced. It is, frankly, hard to believe that they would leave over a few percentage points of taxes vs. the overall cost of housing and everything else here. It is expensive to live in California, and it would be if there were no taxes. And yet, at any given point in our history, the cutting edge businesses in this country seem to be here. It may be despite the taxes. It certainly isn't because of the taxes. But the everyone is going to leave California argument is silly at this point.


The weather in LA was perfect today. You could see the ocean, Catalina, etc. There wasn't any smog or clouds - just sun. Just a gorgeous day. we have great, intelligent friends here. We have great employees here. We do okay, even in this crappy economic environment. Would I like a better managed government? Sure. Would I like to pay less taxes? Sure. Am I leaving? No way.
BearlyCareAnymore
How long do you want to ignore this user?
Brainsmile;842067007 said:

While the Bay Area housing prices may be soaring... that's not the case in many other parts of the state.


Maybe true, but for the most part those parts of the state don't house the wealth that people are worried are going to leave the state.
beelzebear
How long do you want to ignore this user?
wifeisafurd;842066989 said:

At least to your understanding of property tax law. A 50% change of ownership triggers a reassessment (with an exception for "publicly held" corporations). Not taking issue with anything else. BTW, when property values are declining such as in the last few years, tax assessors try to avoid reassessments, even though they technically are required under Prop. 8.


Yes, but a change of ownership does not occur unless over 50% of a property is purchased by a single owner. So if three guys buy 100%, they skirt. I can legally do that with a wife, kid and/or relatives.

Leasehold is another skirt.

Any way, you're right I'm not a real estate guy. My ex however is and she worked for a major Sili Valley developer and RE magnet. Lots and lots of legal stuff, leasehold, holding companies, etc. to dodge from what I understand.

Reassessment for family dwellings usually are very slow on purpose.
tommie317
How long do you want to ignore this user?
Golden One;842067000 said:

Right on! This is only the beginning, as we can expect to see the exodus from California accelerate due to the very punitive income tax rates, crumbling infrastructure, and failing public schools. Only the favorable climate and the diversity of outdoor activities cause many folks to be reluctant to leave the state. However, there is a limit beyond which that's not enough to retain highly successful individuals or companies. Just recently Chevron, one of the largest employers in the Bay Area, announced that by the end of this year over 2,000 employees will be relocated from San Ramon to Houston.


So they can pay less salary and rent, it doesn't always have to do with taxes
mvargus
How long do you want to ignore this user?
tommie317;842067021 said:

So they can pay less salary and rent, it doesn't always have to do with taxes


Tommie,

Ah,but some of the reason they can pay lower salaries have to do with the tax rates and the level of government regulation.

Let's put in a simple thought experiement.

CA - 9% ncome tax kicks in at like $50,000
TX - no income tax at all.

So. If you get a salary of $100,000 in both states.

In CA - $4,500 is taken by the state as income taxes. (9% of all money above $50K)
In TX - $0.00 is taken by the state as income taxes.

So in Texas, the company can pay you $95,500 and you get the same amount of money to take home. (not quite due to federal taxes, but I'm keeping this simple.)

Even more important, that means less SS money the company has to pay since they pay an additoinal 6.6% to the federal government as SS money.

So the "less salary" paid elsewhere is partly because with less taxes, they can lower the pay and you get to keep the same amount. Of course, if highly regulated and taxed items like gasoline and houses are also less expensive, you can pay still less and keep workers happy.

There is a fairly obvious direct connectoin between high taxes and higher salaries and living expenses. The items do tie together in a symbiotic relationship.
MiltyBear
How long do you want to ignore this user?
The answer for Phil, like for those people reply with same thing to people who question the immigration policy or other questionable policies of conservative America, "so leave".

If you don't like the taxes here, leave. Move to Nevada, and don't come back.
GivemTheAxe
How long do you want to ignore this user?
SonOfCalVa;842066553 said:

marginal rates leave millions in his pocket each year
... baby phil is a loser no matter how much he makes and keeps
... crybaby boy can easily afford to buy the best bras at Victoria's Secret.


Na-na-na-na Hey, Hey, Good-bye.

Why was it that wealthy people had no problem with high tax rates before Reagan. Maybe now they feel entitled to mooch off the tax payers by not paying their fair share.

"Heck I would rather take 100% of nothing than 40% of something." Yeah, right.[BTW with all the tax shelters the rich can come up with the alleged 63% tax rate is a bogus number.]

Wealthy individuals get more advantages from government services (Banking, stock exchanges, police and fire, airports, highways, communications, FAA, SEC, FDIC, etc.) than poorer people. But the rich often feel those services are free and they shouldn't have to pay for them.

If he (or anyone else) wants to leave. So be it. It's a free country. It will give the rest of us more room.

Let him go and live in Nevada. With climate change increasing he will have a great time in the 100+ degree summer temps. [BTW as my brother whose company moved to Reno recently informed me, the local agencies are seeking new taxes to pay to protect against the increasing wild fires and to expand highways to deal with Reno's growing population. Guess what will be needed next, new homes, new schools, new water facilities, new sewer facilities, more airport space, etc. etc. all requiring NEW TAXES]
BearlyCareAnymore
How long do you want to ignore this user?
mvargus;842066995 said:


Disaster relief - Ah, the jobs of collectivism. Some disasters probably do rate some level of government help, but far too many "disasters" are excuses to throw money away. Flood relief is a wonderful example as is flood insurance. If the government didn't provide the relief, people wouldn't build in flood plains and then we wouldn't have to spend the money. It's kind of funny that so many groups and organizations stress proper disaster preparation, but one of the ways that is never mentioned is at the start where you can build to avoid or alleviate most of the forces of a disaster. You'll still get the occasional situations like Hurricane Sandy, which travelled into an area not any hurricanes travel and surprised the population on the East Coast, but many experts have pointed out that New Orleans is largely built below sea level so the Hurricane Katrina disaster was inevitable. The location guarnateed massive damage.



Thankfully, this is one area where the libertarian view of the world is not accepted by the vast majority of people. Virtually any place you can build a dwelling is subject to some kind of natural disaster. I don't think that telling everyone in the South to leave because a hurricane is going to hit sooner or later is the wise move. Or everyone in the Northeast because they will get a major storm. Or everyone in California because inevitably there will be earthquakes or forest fires. Or everyone in the Northwest because, hell, sooner or later a volcano is going to blow. Or give up all our farm land because the rivers can flood.

Individuals and small communities simply cannot financially prepare for the level of loss that occurs in these situations, and frankly, its not good for the economy to make them. I'd say New Orleans is a good example. It serves an extremely valuable port and much of the country benefits from it. You can't just move it somewhere else and get the benefit from it.

As for building in a flood plain, etc., I agree that is stupid, but that is also what zoning laws are supposed to be for.

I'm very happy to pay some extra in taxes as essentially insurance that no one is going to come to me and say "well, idiot didn't you realize that about every 80 years or so there is a major eartquake on this fault and that on the off chance it hit your area your house would be destroyed. You should have bought hugely expensive insurance, or kept gobs of money in your bank account or better yet not lived in any major population center in California." I'll help with their hurricanes, tornadoes, Nor'Easters, or whatever if they help with my earthquakes. Good deal as far as I'm concerned.
Golden One
How long do you want to ignore this user?
Bravo! You get it. Well said!
BearlyCareAnymore
How long do you want to ignore this user?
mvargus;842067027 said:

Tommie,

Ah,but some of the reason they can pay lower salaries have to do with the tax rates and the level of government regulation.

Let's put in a simple thought experiement.

CA - 9% ncome tax kicks in at like $50,000
TX - no income tax at all.

So. If you get a salary of $100,000 in both states.

In CA - $4,500 is taken by the state as income taxes. (9% of all money above $50K)
In TX - $0.00 is taken by the state as income taxes.

So in Texas, the company can pay you $95,500 and you get the same amount of money to take home. (not quite due to federal taxes, but I'm keeping this simple.)

Even more important, that means less SS money the company has to pay since they pay an additoinal 6.6% to the federal government as SS money.

So the "less salary" paid elsewhere is partly because with less taxes, they can lower the pay and you get to keep the same amount. Of course, if highly regulated and taxed items like gasoline and houses are also less expensive, you can pay still less and keep workers happy.

There is a fairly obvious direct connectoin between high taxes and higher salaries and living expenses. The items do tie together in a symbiotic relationship.


1. Salaries are A LOT higher in San Ramon v. Houston than $100K to $95K.

2. Living in California is market driven like anything else. If you tax less people will spend more on housing and other things and the cost of living will go up and that will drive salaries higher. Employers are not going to get a one to one reduction.

3. The major factors causing salaries to be high in places like California and New York are high cost of living and sky high housing prices. And the cost of living and housing is so high there because people with money want to live there. And high paying businesses go there anyway because that is where the skilled labor force is.

Lots of business and people have left California over the years. And lots of others have started/come.
manus
How long do you want to ignore this user?
OaktownBear;842067042 said:

Thankfully, this is one area where the libertarian view of the world is not accepted by the vast majority of people. Virtually any place you can build a dwelling is subject to some kind of natural disaster. I don't think that telling everyone in the South to leave because a hurricane is going to hit sooner or later is the wise move. Or everyone in the Northeast because they will get a major storm. Or everyone in California because inevitably there will be earthquakes or forest fires. Or everyone in the Northwest because, hell, sooner or later a volcano is going to blow. Or give up all our farm land because the rivers can flood.

Individuals and small communities simply cannot financially prepare for the level of loss that occurs in these situations, and frankly, its not good for the economy to make them. I'd say New Orleans is a good example. It serves an extremely valuable port and much of the country benefits from it. You can't just move it somewhere else and get the benefit from it.

As for building in a flood plain, etc., I agree that is stupid, but that is also what zoning laws are supposed to be for.

I'm very happy to pay some extra in taxes as essentially insurance that no one is going to come to me and say "well, idiot didn't you realize that about every 80 years or so there is a major eartquake on this fault and that on the off chance it hit your area your house would be destroyed. You should have bought hugely expensive insurance, or kept gobs of money in your bank account or better yet not lived in any major population center in California." I'll help with their hurricanes, tornadoes, Nor'Easters, or whatever if they help with my earthquakes. Good deal as far as I'm concerned.


"No man is an island,
Entire of itself.
Each is a piece of the continent,
A part of the main.
If a clod be washed away by the sea,
Europe is the less.
As well as if a promontory were.
As well as if a manor of thine own
Or of thine friend's were.
Each man's death diminishes me,
For I am involved in mankind.
Therefore, send not to know
For whom the bell tolls,
It tolls for thee."
hoop97
How long do you want to ignore this user?
Beelzebear - The single owner analogy is incorrect. That only refers to within an existing partnership. If Cal Bears LLC sells to Oski LLC just because Oski LLC has 4 members of 25% each, it does not protect against reassessment. However if one member of Oski LLC sells to the remaining three members, that is excluded from a reassessment.
LudwigsFountain
How long do you want to ignore this user?
beelzebear;842066577 said:

California like a few large states only gets something like .87 for every dollar sent to the federal government via taxes.


That's largely because we have a progressive income tax system and California, with our high cost of living, has higher compensation levels for equivalent jobs. The progressive nature of Social Security payments is also a factor in this outcome.
dimitrig
How long do you want to ignore this user?
The very day after the election, the CEO of a tech company my coworker's son-in-law works at which based in Orange County gathered the staff together and announced that he was moving the company to Colorado because he was sick and tired of the tax climate in California.


Nevermind that the entire staff who built the company was recruited here in California and was settled and mostly happy here. Before long, he was offering five figure bonuses to staff members to encourage them to move. Last I heard, the plan is now to move just the Headquarters to Colorado and leave R&D here in California. The Board of Directors is also questioning the wisdom of the move if some of the most expensive employees (except upper management) are staying behind.


I have no doubt that eventually the move will happen, but I know that if I worked at such a company I would think I worked for a jackass and have my resume circulating right now. The move certainly wouldn't benefit me very much except for cost-of-living. However, if I wanted to live in Colorado I would already be there. The people most excited about moving are young families who could use the cash and a larger house. I can see that, but you'd better hope that the right people choose to pick up stakes.


To me it seems very rash to uproot a growing, successful, and profitable company over a few dollars. If it made financial sense to leave California there wouldn't be any companies based here or conducting business here. However, this state is far too large of a market, desirable to live in, and wealthy for most corporations (or individuals) to abandon despite the tantrums some are throwing. It's much cheaper to do business in Mississippi. Maybe he should be relocating there instead of to Colorado. Ha!


(Disclaimer: I have relatives in Mississippi. It's a nice state in parts, but I would never want to base a business there.)
mvargus
How long do you want to ignore this user?
GivemTheAxe;842067039 said:

Na-na-na-na Hey, Hey, Good-bye.

Wealthy individuals get more advantages from government services (Banking, stock exchanges, police and fire, airports, highways, communications, FAA, SEC, FDIC, etc.) than poorer people. But the rich often feel those services are free and they shouldn't have to pay for them.

If he (or anyone else) wants to leave. So be it. It's a free country. It will give the rest of us more room.



Um, many of the services you list are not government services.

Banking - This is private enterprise. The US has not had a national bank in over 100 years. The Federal Reserve is not a bank in the business sense and does not make loans or accept deposits from individuals.

Now there are regulations on banks detailing how much money they are supposed to hold in reserve so they can return money to depositors, and there are others that provide a more concrete framework of how a bank is supposed to operate, but most of those regulations merely solidified the standard practices in the industry that wealthy investors demanded before they would deposit money. In truth, the regulations were there to give poorer people a safe place to deposit money since the "banks" that would do business iwth them tended to be a lot less careful with their funds.

stock exchanges - another private financial system that actually grew from purely private exchanges. And both the NYSE and the NASDAQ are still private enterprises. The regulations again are mostly an attempt to ensure that the wealthy can't use the exchanges to take advantage of stupid people who have neither the time nor the intelligence to do a careful study of the investments they are about to make.

police and fire - everyone benefits, but on the police think of the number of wealthy people who pay for private securty? Why do the do that if the police benefit is as good as you pretend? The truth is that few wealthy people really trust the police to help them when they need it. As the old saying goes, "When seconds count the police are only minutes away."

airports - this is one where I agree the wealthy do benefit, but these are also a very small part of any budget. Far less money goes into airports than goes into medicaid, welfare, pensions, etc.

highways - actually the poor have benefitted far more than you think from this. The movement of goods around the nation is a direct result of the interstate system and the trucking industry. Without the highways goods would cost a lot more to ship and take longer to reach their destinations. So the poor would have fewer options and pay more. The rich don't benefit as much since they can afford shipping costs.

communications - You do realize that the telephone system (both land line and cellular) were built with private funds right? The only element of our modern communications systems that were government funded in their entirety was the satelitte communications system. And again, the fact that cellular has been privately funded is a huge part of why its available to anyone for a fairly low price. The rich always had the money to afford things like the old Pony Express which was very expensive to use. The poor had to rely on much slower means of communication.

FAA - This is more of a regulatory entity designed to ensure overall airplane and air travel safety. It benefits anyone using a plane, but also drives up costs. In the end I'd say this benefit is balanced.

SEC - Let's see this group tries to make sure that the wealthy don't make trades based on information not available to the poor. Yes, it definitely benefits the rich the most. :P

FDIC - Let's see if a bank closes this will cover the first $100K you have in an account at that bank, but no more. Yes, the wealthy can receive such a huge benefit from this. This program was enacted to stop the poor from making runs on unsteady banks and driving them under. The rich back then avoided putting their money in banks that didn't keep a proper reserve. If anything this program hurts the poor as it makes them less careful about where they put their money and encourages them to pay less attention to the bank.


Any program can me made to look useful, but many aren't. You need to think a bit before you just say "the rich benefit mroe from government."
Rushinbear
How long do you want to ignore this user?
chitownbear;842067111 said:

And I hope that every other rich, selfish, greedy, piggish I'm-not-part-of-society SOB gets the hell out, too! Preferably tarred and feathered. And that includes ALL OF YOU TAX WHINERS.


There'll be no one left in the State. Last one to leave, please turn out the lights.
AU_Bears
How long do you want to ignore this user?
mvargus;842067105 said:

Um, many of the services you list are not government services.

Banking - This is private enterprise. The US has not had a national bank in over 100 years. The Federal Reserve is not a bank in the business sense and does not make loans or accept deposits from individuals.

Now there are regulations on banks detailing how much money they are supposed to hold in reserve so they can return money to depositors, and there are others that provide a more concrete framework of how a bank is supposed to operate, but most of those regulations merely solidified the standard practices in the industry that wealthy investors demanded before they would deposit money. In truth, the regulations were there to give poorer people a safe place to deposit money since the "banks" that would do business iwth them tended to be a lot less careful with their funds.

stock exchanges - another private financial system that actually grew from purely private exchanges. And both the NYSE and the NASDAQ are still private enterprises. The regulations again are mostly an attempt to ensure that the wealthy can't use the exchanges to take advantage of stupid people who have neither the time nor the intelligence to do a careful study of the investments they are about to make.

police and fire - everyone benefits, but on the police think of the number of wealthy people who pay for private securty? Why do the do that if the police benefit is as good as you pretend? The truth is that few wealthy people really trust the police to help them when they need it. As the old saying goes, "When seconds count the police are only minutes away."

airports - this is one where I agree the wealthy do benefit, but these are also a very small part of any budget. Far less money goes into airports than goes into medicaid, welfare, pensions, etc.

highways - actually the poor have benefitted far more than you think from this. The movement of goods around the nation is a direct result of the interstate system and the trucking industry. Without the highways goods would cost a lot more to ship and take longer to reach their destinations. So the poor would have fewer options and pay more. The rich don't benefit as much since they can afford shipping costs.

communications - You do realize that the telephone system (both land line and cellular) were built with private funds right? The only element of our modern communications systems that were government funded in their entirety was the satelitte communications system. And again, the fact that cellular has been privately funded is a huge part of why its available to anyone for a fairly low price. The rich always had the money to afford things like the old Pony Express which was very expensive to use. The poor had to rely on much slower means of communication.

FAA - This is more of a regulatory entity designed to ensure overall airplane and air travel safety. It benefits anyone using a plane, but also drives up costs. In the end I'd say this benefit is balanced.

SEC - Let's see this group tries to make sure that the wealthy don't make trades based on information not available to the poor. Yes, it definitely benefits the rich the most. :P

FDIC - Let's see if a bank closes this will cover the first $100K you have in an account at that bank, but no more. Yes, the wealthy can receive such a huge benefit from this. This program was enacted to stop the poor from making runs on unsteady banks and driving them under. The rich back then avoided putting their money in banks that didn't keep a proper reserve. If anything this program hurts the poor as it makes them less careful about where they put their money and encourages them to pay less attention to the bank.


Any program can me made to look useful, but many aren't. You need to think a bit before you just say "the rich benefit mroe from government."


mvargus, your posts are rational and refreshing
SmellinRoses
How long do you want to ignore this user?
Brainsmile;842066528 said:

http://www.foxnews.com/sports/2013/01/21/golfer-phil-mickelson-plans-drastic-changes-over-new-tax-rate/


Reading a lot of the posts in here - you'd think the state unemployment rate was two points lower than the national average not two points HIGHER...

Nothing to see here folks...move along!
jcharocv
How long do you want to ignore this user?
NVBear78;842066552 said:

People vote with their feet and move to locations where taxes and opportunities are greater......California can expect to see lots more of this happening in the future.

It already happens every day with businesses leaving California (see recent info on Comcast moving thousands of employees out of Sacramento, Campbell Soup closing Sacramento plant, Del Monte closing in Kingsburg etc. etc. etc.)

It is a little harder to track all the businesses who choose not to ever begin/expand business and/or add employees located in California but this too happens every day.

With the November results we can expect to see more high income/wealth individuals join the business exodus from California.

It is one thing to raise tax rates but rarely do tax revenues increase in the way projected because of changes in people's behavior.

The unintended consequences of Government actions are something that the folks in Sacramento and the person in Washington is incapable of comprehending.



+1 Some people get it most don't, unfortunately politicians at the state and federal level don't.


Jwc...
tommie317
How long do you want to ignore this user?
jcharocv;842067130 said:

+1 Some people get it most don't, unfortunately politicians at the state and federal level don't.


Jwc...


Anyone on this board who wants to work in a Comcast call center, pack soups in a factory or put pineapples in cans please raise your hand. Most jobs moving are low level, low salary jobs that the bulk of the workforce does not want. These jobs become more attractive as their salaries are more competitive. The next move in a few years after Arizona and Texas is India, China, or Philippines. Just delaying the inevitable in a global economy where there's only two options: grow revenue or cut costs.
BearNIt
How long do you want to ignore this user?
It's simple, if you don't like California or what goes on here you can always move to another state. They have low taxes, beaches and warm weather in Florida
oskihasahearton
How long do you want to ignore this user?
Brainsmile;842066528 said:

http://www.foxnews.com/sports/2013/01/21/golfer-phil-mickelson-plans-drastic-changes-over-new-tax-rate/


Let Phil go wherever he feels he is best served and where his greens still break slightly to the right.

:beer:
LongTimeBearFan
How long do you want to ignore this user?
All I can say to that is 'don't let the door hit you in your (fat) ass on the way out'!

The dude is such a stuck up fraud that I don't care about him at all... two words sum up how the rest of the tour feels about him: FIG JAM! (Look it up).
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.