164 replies to this topic

[Rogerdodger]

The Statist loves to ignore Chicago and Detroit, The shining jewels of his his progressive policies. Never learning that his Utopia is Dystopia.

"You didn't make that" ~a Quote from Atlas Shrugged, 1957~

CHICAGOLAND: Youth homelessness on rise...

Kevyn Orr: Detroit Is In Worse Shape Than I Thought

Detroit's emergency manager says the city is bleeding much more red ink than originally thought. That's what Kevyn Orr told WWJ City Beat Reporter Vickie Thomas in an exclusive one-on-one interview.

"The situation is severe," Orr said. "It's worse that we originally thought. It ain't good."

Maybe they should raise taxes even more! Or maybe not...

Texas Passes Business Tax Cuts Worth More Than $1 Billion

Business bankruptcies in Texas plummet

Edited by Rogerdodger, 29 May 2013 - 09:27 AM.

[diogenes227]

Texas, Red States Beat Blue States On Jobs, Growth...
Illinois, NJ, Ohio, Michigan at bottom...

"States with lower taxes and less regulation outperform those that pursue Keynesian-style public policies,"
said study co-author Jonathan Williams, who is director of ALEC's Center for State Fiscal Reform.
"And people are voting with their feet in favor of these states."

In fact, of the 10 states that had the best economic performance over the past decade, all but two — Nevada and Washington — are solid red states, based on the past four presidential elections. Other top economic performers include Utah, Wyoming, North Dakota, Idaho and Arizona.
And of the 10 states expected to fare worst, all but one — Montana — are solid blue states.
California and Maryland lost ground on this ranking from last year, thanks to tax hikes in those states. California dropped from 38th to 47th place, and Maryland fell from 20th to 35th place, according to the report, which was co-authored by economist Arthur Laffer and economics writer Stephen Moore.
Kansas, Wisconsin, Indiana and Ohio gained in the rankings this year. Kansas, for example, jumped to the 11th spot from last year's 26th place, thanks in large part to what the study calls its bold tax reform.

What absolute rubbish you write.

You quote Laffer and Moore. Two more moronic "economists" you couldn't hope to meet.

Lately we have Ireland trying to defend their 2% tax on Apple which is playing games with transfer pricing etc.

Republicans argue tax is too high.

I can't see why I pay high and Apple pays zero.

The recent work of Reinhart and Rogoff, darlings of the right, has been found to be just poor Excel spread sheet stuff.

Oh dear. I knew Republican's were brain dead but didn't realise how much.

The irony in all this is the rising tide in Texas is blue (already most of the cities have turned) and when that blue tide washes ashore (possibly as early as 2016), and with California, New York and finally Texas (after all Texas is the only current red state not being subsidized by the blues) in a perfect political menage a trois, the word "Ohio" will never be heard in an election year again and senators from rural backwaters might not be able to hold the vast urban populations of the United States hostage any longer and one ridiculous political party will eventually just simply Whig out. Guess which one.

[Rogerdodger]

It's amusing how society's leaches ruin their own state or country with failed policies and then move to a better place and proceed to ruin it with the same destructive policies. "Insanity: doing the same thing over and over again and expecting different results."

Edited by Rogerdodger, 29 May 2013 - 09:24 PM.

[Rogerdodger]

So do taxes drive producers away? YES!

2/3's of Detroit's population has vanished!

The greatest example of collectivist reality has come crashing down like the pyramid scheme that it was.
Eventually you always run out of other people's money.

Detroit now has a debt of $11,000,000,000.
$9,000,000,000 of that debt is caused simply by TAX SUPPORTED unfunded benefits for local government union benefits.

A peak population of 1,800,000 is now 700,000.
Collectivists can't understand why.
They opine:
"Maybe the minimum wage wasn't high enough.
Maybe taxes weren't high enough.
Maybe benefits were not high enough.
Maybe California is next."

Detroit files for bankruptcy with 100,000 creditors...

Gov unsure if creditors will ever be paid...

[Rogerdodger]

Collectivist pyramid schemes bring equality... (when everybody ends up in the poor house).

Detroit has become the largest city in US history to file for bankruptcy, owing 100,000 creditors $18.5 billion.

"An estimated 78,000 homes are unoccupied in the city, and in 2011 half of the occupiers of the city's 305,000 properties did not pay any tax.

"The largest creditor is the city's general pension scheme, which is owed $2 billion.The police and fire retirement scheme is owed $1.5 billion, while the city's Downtown Development Authority is owed $33.6 million.

A plan devised in June called for city-employed retirees to accept less than 10 per cent of what they were owed under pension plans.

The murder rate is the highest in nearly 40 years, only a third of the city’s ambulances work, and police cars and fire trucks are also in poor condition. There are 78,000 abandoned buildings in the city and 40 per cent of the street lights do not work.

Michael Sweet, a bankruptcy attorney in Fox-Rothschild's San Francisco office, "they don't have to pay anyone they don't want to. And no one can sue them."

Edited by Rogerdodger, 20 July 2013 - 12:55 PM.

[Rogerdodger]

Here's a challenge to all egalitarian, collectivists, socialists.
Buy this Detroit home.


It has been listed for $1 for 519 days after initially being placed on the market for $900.

But you must pay it's owners a "Living Wage" price of say $100,000 rather than the "Free Market" price of $1.
That will increase the value of homes in the neighborhood and additionally send taxes to the government, your favorite charity.

If everybody in the U.S. was forced to buy just one home (I know you love government force) at a "Living Wage" price, Detroit would once again rise from the ashes.

[Rogerdodger]

Well I see that no Socialist/Statist/Collectivist took up my challenge above.
But you may get a chance to do the same in California, as they seem intent on following Detroit's example:

CA Wants Small-Business Owners To Repay $120M In Tax Breaks...

Small-business owners got hefty tax breaks five years ago.
“They relied on California law as it was written, that they would get a tax break if they invested in certain kinds of businesses,” Lieu said.
But a court ruled in December that practice by the state was unconstitutional. Now, the Franchise Tax Board wants its money.
And it’s killing small businesses, says Ken DeVore, with the National Federation of Independent Businesses.
“It sends a message that you can’t trust government. If you comply in good faith with the rules, they can go back and penalize you.”
After following the law, many of them are getting hit with tax bills as high as $250,000.

Socialists/Statists/Collectivists seem incapable of learning.

'If California doesn't want your business, Texas does,' There is no other state that fits the definition of business-friendly like Texas"
"Building a business is tough, but I hear building a business in California is next to impossible. This is Texas Gov. Rick Perry, and I have a message for California businesses: come check out Texas. There are plenty of reasons Texas has been named the best state for doing business for eight years running. Visit texaswideopenforbusiness.com, and see why our low taxes, sensible regulations and fair legal system are just the thing to get your business moving to Texas."

Jul 18, 2013 - The largest over-the-year job increase occurred in Texas (+303,000), followed by California (+253,900)

Edited by Rogerdodger, 20 August 2013 - 03:03 PM.

[Rogerdodger]

Higher taxes HELP THE POOR...to have more poor friends.

JERSEY SHORE MAYOR TO SELL HOUSE, CAN'T AFFORD PROPERTY TAXES...

60% Hike in One Year...

New Jersey's Homeless 'People Of The Woods'...
The people in this community don’t have many other options. Most of them are unemployed.
They can’t afford to pay rent or live on their own and many feel they are forced to be there.
The cost of a single homeless person to taxpayers is about $14,480 per year.

Higher taxes HELP THE POOR...to have more poor friends...and get free dogs:
Abandoned Dogs Roam Detroit in Packs as Humans Dwindle...

Edited by Rogerdodger, 21 August 2013 - 08:59 AM.

[stocks]

The rich pay all the taxes

Congressional Budget Office (CBO) analysis shows

the top 40% pay 106% of all taxes (more than all of them).

the bottom 60% get money back


Yes, the rich (and almost rich) are getting richer. When it comes to individual income taxes, they're also covering the entire bill. And leaving a tip.



Read more at http://globaleconomi...ZxXBzFc1vbpO.99

[Rogerdodger]

There are many lessons here...but even more blind eyes, unable to see the light.

Hudson River town wonders what's next as GE plant heads south in latest NY manufacturing loss
About 200 jobs will head south as soon as September when GE sends local operations to Florida to cut costs.

Many here worry about an estimated $12 million in wages disappearing to Florida.

"I think your tax climate, your labor costs, your old capital are probably three of the biggest factors, not only in this specific move, but a lot of the moves that you see out of New York state,"
"Did our union get too strong? This was probably the best-paying mill in the area," said Bruce Ostrander, a veteran tool-and-die maker.

Florida is a "right-to-work" state, which means workers can't be required to join a union as a condition of employment. The Clearwater jobs will not be union jobs. Horne said they will pay prevailing wages.

"We need to improve our overall cost structure to be competitive. Wages are only one element of that cost structure," Horne said.

http://www.therepubl...n-Loses-Factory

Edited by Rogerdodger, 29 December 2013 - 12:21 AM.