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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (488656)	6/17/2009 3:27:07 PM
From: Road Walker	Read Replies (1) \| Respond to of 1572025

Obviously you side with those who want to vote themselves a raise every year over those who see costs spiraling out-of-control. Think our society will survive that way? I doubt it. Who votes themselves a raise besides CEOs? I want that job. Around here there are job cuts, and they are talking pay cuts and furloughs for government employees. As for going broke, CA can easily fix that problem by cutting spending. I hear that's what they are doing... so you got your wish. We'll see how that works out for your services and economy.

To: Tenchusatsu who wrote (488656)	6/17/2009 3:56:33 PM
From: bentway	Respond to of 1572025

I half agree with you. CA needs to cut spending, services AND raise taxes. Has Arnold cut his pay yet?

To: Tenchusatsu who wrote (488656)	6/17/2009 4:16:11 PM
From: tejek	Read Replies (2) \| Respond to of 1572025

"Our survey, year-over-year proves that those states with the worstrecords continue to practice the same policies that alienate businesses," said JP Donlon, Editor-in-Chief of Chief Executive magazine. "As the nation's economic problems continue to snowball and an increasing number of states experience budgetary problems, state governments ought to take a hard look at their taxation and unionization policies if they want to turn the page and attract new businesses and capital to their provinces." Plaguing business growth and opportunities in these states are high business taxes exposed on business owners as well as a strongly unionized labor force. Coincidentally, all the bottom three states, California, New York and Michigan, also support some of the nation's highest unemployment rates -- 10.1 percent, 7.6 percent and 11.6 percent, respectively, as of January (most recent data available). This compares to a national average of 7.6 percent in the same month (national unemployment rate reached 8.1 percent in February). Expressing the prevalent attitude among CEOs, one CEO said, "Michigan and California literally need to do a 180 if they are ever to become competitive again. California has huge advantages with its size, quality of work force, particularly in high tech, as well as the quality of life and climate advantages of the state. However, it is an absolute regulatory and tax disaster, as is Michigan." LOL. How the hell is CA going to be able to turn things around when it has ridiculously low prop. taxes and a near prohibition on raising taxes? It has no choice but to amp up corp. and sales tax, and to a lesser extent personal income taxes. As states put on an intense competition to attract business and investmentin this tough economic environment, Chief Executive magazine's Best & Worst States survey experienced a flurry of activity in the top ranks with the entry of three new states into the top five: Florida, Georgia and Tennessee. Texas maintained its #1 spot in the ranking for the fourth year in a row, as North Carolina, Florida, Georgia and Tennessee all jumped up in ranks, taking the #2, 3, 4 and 5 spots, respectively. "Texas and the Carolinas are great for business," said one CEO. "South Carolina's Research Authority is exemplary in terms of creating new economic growth and Texas is strategically centered, has low taxes, and outstanding demographics." Interesting......so the Carolinas are great for business. Let's see....as of April, SC had an unemployment rate of 11.5% right up [down] there with Michigan, and much worse than NY and CA, and NC had an unemployment rate of 10.8%, again worse than CA and NY. If things are so good in the Carolinas, why are they hurting job wise? bls.gov As for TX, there is no question TX has some things going for it BUT TX is a bit of an industrial 'ho......it will take facilities that other states won't. Recently, Chris pointed out how some developer in TX was opening up his site to toxic wastes which might threaten the local water aquifer. That doesn't surprise me.......TX is noted for cutting corners to accommodate business. Frankly, who needs it? In the end, I believe the negatives outweigh the benefits. The truth is business is willing to pay taxes so long as the quality of life is there; that it gets something back for those taxes. And that's what CA is losing.....its quality of life. So be careful what you read......not everything is as presented by business types in news articles.