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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (29422)	7/17/2011 8:09:56 PM
From: tejek	2 Recommendations Read Replies (1) \| Respond to of 119362

This state is beyond the point of no return. The reality that you speak of has to be found in Sacramento. This state has been fiscally irresponsible since Willie Brown was Speaker. It has long been my own contention that the pols in Sacto have wanted to turn this state into nothing more than a tourist destination and a retirement community for the rich. They are accomplishing that goal as more business than ever is leaving. With their brilliant action to limit water supplies to the farms in the Central Valley they have assured that agriculture won't ever be what it once was in CA. Unfortunately the pols failed Econ 101 and seem to forget that without a tax base of manufacturing, agriculture, and basic industries, this state is a goner. You can't survive on increasing hotel taxes and soaking the tourists. This is typical winger talk. A conspiracy theory interlaced with other conspiracy theories. Reality is never as simple as the Rs would like us to believe. Is there corruption in CA? Of course, there are varying levels of corruption in every state in both the public and private sectors. Is tax money misspent? Of course. When you have over 30 million people, it not likely everyone is going to agree with the way the money is spent......esp. in CA where every person has more opinions than fingers and toes. How can you reduce the taxes on industry when property taxes on residences are kept at an artificial low level? In fact, how do you keep from raising the taxes on industry when property taxes are so low? Do you think the people that set up our state gov'ts were just plain stupid or spendthrifts or rubes? You don't think they carefully figured out how much it would cost to run the average state gov't? I suspect they did......and for over a hundred years it worked pretty well. But then, clever CA had to come up with a new way to do business. Two conservative assholes in the 1970s decided that Californians were paying too much taxes and arbitrarily cut the state's tax rate. They didn't figure out if that was enough to run the state. They didn't care. They were telling the state to cut back its spending levels to meet the level of taxes Californians were willing to pay. Seriously??? How many companies would still be around if the consumer was to decide how much a company's product was worth? Its not a trick question, reaper. Nonetheless, that's what these two bozos did.......they told the state how much they could spend ignoring what the state constitution required. And greedy Californians sucked it up hook line and sinker. Now fast forward 40 years and you all are pissed because there is not enough money to pay the bills so you come up with all kinds of bs to blame it all on your pols and the state??? Seriously. Reaper, you are far too smart to sound like a recalcitrant child......but frankly, that's how you're coming off.