California Loses Revenue After Tax Increase…Go Figure
As I have mentioned before, I don’t understand Californians. I posted something along those lines back in August and I really could not understand how the populace would continue to vote for people who were hell-bent on destroying the state’s economy.
Then in November, the same idiots nationwide re-elected the same person who is hell bent on destroying Americas economy. So be it.
I no longer feel a need to try to change anyones minds about the disaster they just initiated. I no longer feel obligated to worry about the next generation, it was the next generation who were a majority vote for Bambam. So be it.
You kids get what you deserve.
The only thing that I can do is take care of my own and prepare for the eventual collapse. And if you think that I am being to apocalyptic, look to the east, I give you Detroit, New York, and Chicago then to the west, California. For all you youngsters out their that thought it will be great to have bigger government, bigger handouts, bigger unions, bigger social justice, bigger immigration, add nauseam blah blah blah… check your facts. You want to see the future? Look no further than the decay that has infected the states listed above.
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.
State bureaucrats immediately ramped up deficit spending far beyond the state’s $6 billion annual tax increase, with the Departments of Health Services and Developmental Services increasing this month’s spending by over $1 billion versus last year. The lower tax collection and higher spending drove the State’s deficit after the tax increase to $2.7 billion for the first 5 months of this fiscal year. State Controller John Chiang reported.
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.
All A Dollar on Rodeo Drive, bwahahahahaha…….. you just can’t make this shit up. How does that feel you liberal nut jobs?
A Nod to Breitbart for the story – Read the entire article here.
Before you get on my ass about city versus states names. just take it in context. Michigan/Illinois…happy.
5 thoughts on “California Loses Revenue After Tax Increase…Go Figure”
The bigger downside is all them Calif. fucks are moving to AZ, TX, ID, etc and bringing their socialistic baggage with them! We need to fence Calif in with razor wire and shoot anyone trying to escape!
Two words: Laffer Curve
And I’m with Danne. Keep the commie rat bastards in CA. They built it – let ’em live in it.
Danne- Absolutely, the proof is Colorado. Went blue in the ’90’s after the Californication of that state.
Tim- I wish we could keep them their, but we can’t keep Mexicans out of our country, how we gonna keep liberals away from other states. I don’t know which is more damaging actually.
Laffer Curve….learned something new today. Surprised Rumsfeld & Cheney were there.
They don’t call the state of mexafornia the fruit and nut sate for nothing.
I am NOT talking about aguculture.