California Mauled By Tax Increases

We all knew it was coming, and now it’s here. Amid the worse economic downturn since the great depression, Sacramento has voted for a budget that includes massive tax increases for the already reeling California taxpayer.

Sales tax, income tax, vehicle licensing fees, you name it, and they’ve taxed. it. Already one of most highly taxed states in the nation, this is sure to fuel the exodus of taxpayers to other states.

The state has increased spending by 40% in the last 5 years, yet they still managed to not only spend all that extra revenue, but borrowed until the state until it achieved the dubious distinction of have the lowest credit rating of any state in the union. We’re talking (depending on who you ask) between the 6th and 8th largest economy on earth, yet even with that overwhelming economic power, the socialists in Sacramento managed to blow it all to the point where the state must now release dangerous convicts from prison to relieve overcrowding. Hey, thugs need love too. Yes, California is the handout capital, and one of the many reasons for its decline.

And no massive citizen ripoff would be complete without its share of pork. In addition to the union based welfare, private companies get in on this party as well.

– Speeds up construction on 10 state public works projects, 5 local transportation projects and 10 redevelopment agency projects and 5 state office buildings by allowing one company to do both the design and construction.

A good chunk of this budget depends on continuing revenue from the chumps that actually stay in California and tough it out. The number of chumps is declining though, and being replaced by those that need those taxpayer funded social programs. Oh, yeah, next year will be another ATM moment for Sacramento, so either hang on to your wallet, or do what the smart taxpayers are doing: getting the hell out of Dodge…

Advertisements

About gravatar are data miners

gravatar are data miners. DO NOT get an account with these goons. You cannot delete your account. The email you give them will be ruined.
This entry was posted in America and tagged , , , . Bookmark the permalink.

2 Responses to California Mauled By Tax Increases

  1. b1gd1pper says:

    I would be laughing at the situation in California except I live in NJ and we’re just as broke!

  2. rjjrdq says:

    I’m with you my friend. It looks like we’ll have to pull ourselves out individually. Government doesn’t appear to be capable of helping anybody.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s