Here is a tax revenue comparison for California of June 2012 versus June 2011. It appears that Jerry Brown’s “solutions” to California’s problems don’t seem to be working. A new town files bankruptcy every week. Why would corporate tax revenue decline by 28%? Obama says we’re in a recovery and Wall Street tells me corporate profits are at all-time highs. I guess they are talking about their mega-corporation cronies. The only explanations for corporate tax revenues plunging are: small busnesses are going bankrupt, corporate profits are plunging, or corporations have packed up and left California. Sales tax has plunged by an even greater 33%, indicating that the people of California have stopped buying shit. But somehow median home prices are at two year highs. WTF????
And Jerry’s solution to this disastrous turn of events – ask the citizens of California to vote for higher taxes in November. California is truly the land of nuts and fruitcakes.
TeresaE says:
See what happens when you gift all the customers to the major players?
Everything stops. As California is finding out.
No worries though, there only growth business/tax line – pot shops – have been banned (again) in LA.
The cops wanted it because the pot shops are sites of lots of robberies and break-ins. Go figure, the criminals go after the only stores with money. Who’ld thunk it?
Morons.
We’re just going to keep trying these failed solutions until the work. Sure they will. Right around the next corner, quarter, annual revenue statement.
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26th July 2012 at 11:50 am
dd says:
Admin:
1) the Peppers are awesome, who else can take their shirts off at their age and still be awesome.
2) while only one month, that data show a pretty clear picture. either businesses are doing poorly, or they are finding more ways around taxes (answer = both).
but it is clear to me that people are saving more and spending less, i cannot explain why CA personal income tax receipts are higher as incomes are not rising nationally … maybe they are in CA. but look at the consumption taxes, booze, retail, etc. that is really ugly from a seller’s / stock market standpoint.
but to the core, this is a good thing. bad for stocks, bad for a keynesian/consumption-based economy, but a good thing if you’re not retarded and understand that building savings is a positive.
on the other hand, is that just because food and energy costs are high and rising?
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26th July 2012 at 12:01 pm
AWD says:
The cost of following Federal regulations is $1.75 trillion per year (from previous post), nobody commented or gave a shit) Businesses have traveled the short distance to China, Viet Nam, Thailand, India, or any other country where the Feds aren’t persecuting them, and where they don’t need a team of parasitic lawyers and accountants just to stay in business. Tough shit for California. Good thing they are getting hundreds of thousands of new democratic voters and welfare recipients from south of the border every month.
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26th July 2012 at 12:17 pm
DaveL says:
Admin says: “It appears that Jerry Brown’s “solutions” to California’s problems don’t seem to be working.”
Yeah, but when you’re sucking on a bong, it doesn’t matter.
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26th July 2012 at 12:31 pm
card802 says:
“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”
Winston Churchill
When will this keynesian experiment stop? When will governments figure out it not a revenue problem, it’s a spending problem.
Market is going up today, apparently the head fucknut of the ECB decided that if they lower interest rates even more they can borrow even more money, oh, and a pledge to save the Euro.
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26th July 2012 at 12:55 pm
bluestem says:
Same can be said for trying to lift one’s self by up their bootstraps. Try it, it won’t work, Never has , never will. John
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26th July 2012 at 3:12 pm
Zarathustra says:
Oregon Governor Tom McCall had their number 40 years ago when he said (regarding californians), ” Come visit us again and again, but for heaven’s sake, don’t come here to live. ”
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26th July 2012 at 7:43 pm
Stan says:
California does appear to have more than its share of idiots and nut jobs. Look who they elect!
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26th July 2012 at 3:50 am
AKAnon says:
Re median house price going up-someone here (sorry, I forget who) nailed this a few days ago-Only high-end houses are selling, so the median is bumped. Compare sales overall, in dollars, or total sales. I don’t know, but I bet they are not up, just median prices. Fortunately for the well off, there are (still) other well-off folks in CA who want to buy. And high-end neighborhoods still command high-end prices, maybe moreso as the rest of SoCal (I’m not up on NoCal’s situation) goes further down the shithole. If you’re not well off, well fuck you very much. Sorry, Colma.
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26th July 2012 at 4:22 am