CA ranked 43rd in fiscal condition (unemployment, incomes, property taxes)

[shooting4life]

Originally Posted by mauialoha

None

I don't know what you mean by true. Certain facts may be true while other contardictory facts are omitted


No, but the more extreme of political people seem to me to distort things more than others, and I consider Libertarians extremists.

Just wondering what party isn't extremist in your mind.

[BB_210]

Originally Posted by Ro2113

Tyler Cowen, a well known libertarian author and commentator. You sure this study isn't biased?

Can you please look into the political tendencies of each person remotely involved so we can see how many other ways it might be biased.

[Ro2113]

Originally Posted by max210

Can you please look into the political tendencies of each person remotely involved so we can see how many other ways it might be biased.

Where can I find information on each person involved with the study?

I do find it funny that the study focuses it's findings solely on the state budget and not on other factors not involving government funding or lack thereof.

No talk on the job market or real estate or the several industries in the state. Nothing on that just government.

[KC6ZLV]

Originally Posted by expatCA

And I am in TN right now and we are #8 on the list.

About 39.9% of Tennessee's revenue comprises of Federal money. For every dollar in Federal income tax Tennessee pays, $1.27 is sent back. Taxpayers in other states which receive less than they pay in Federal taxes are subsidizing your state. That is nothing to be proud of, or smug about.

https://taxfoundation.org/states-rely-most-federal-aid/

United States Federal Tax Dollars - The Big Picture

https://wallethub.com/edu/states-mos...vernment/2700/

Originally Posted by expatCA

And it is based on 2015 information and I believe the budget surplus does not exist any longer, so the situation is likely worse.

Nope, no surplus. However, the debt to GDP ratio in California is still better than 33 other states.

[expatCA]

Originally Posted by KC6ZLV

About 39.9% of Tennessee's revenue comprises of Federal money. For every dollar in Federal income tax Tennessee pays, $1.27 is sent back. Taxpayers in other states which receive less than they pay in Federal taxes are subsidizing your state. That is nothing to be proud of, or smug about.

https://taxfoundation.org/states-rely-most-federal-aid/

United States Federal Tax Dollars - The Big Picture

https://wallethub.com/edu/states-mos...vernment/2700/


Nope, no surplus. However, the debt to GDP ratio in California is still better than 33 other states.

TN is not "my" State I am just currently living here. CA is actually "my" State, born and raised there in much better times.

Now you last comment means 16 States are in a better position than CA. How can the 6th largest GDP, the largest State population and with so many things going for it, be so far down the list? Something is wrong.

[KC6ZLV]

Originally Posted by majoun

Our spending problems and revenue problems are both worse.

Not that I'm justifying California's overspending, but sales taxes are a less reliable way of funding the state than property taxes, the most reliable means of funding the state. Sales taxes also dampen consumer spending and result in fewer jobs created.

Property taxes don't fund the state. In California, and most other states, property taxes stay within the county. The state doesn't receive a dime from property taxes.

Sales taxes are considered to be the most reliable sources of revenue. If a recession comes along and unemployment goes up 8%, sales tax revenue will decrease, but not nearly as much as income tax revenue. Income tax revenue is also difficult to forecast. Last year's budget assumed incomes were going to increase, and income tax revenue would increase along with it. Well, nobody got a raise and income tax revenues fell short of predictions.

[boulder2015]

Originally Posted by Ro2113

Tyler Cowen, a well known libertarian author and commentator. You sure this study isn't biased?

Exactly. George Mason is hardcore libertarian college and heavily backed by Cato and Koch types. Yes, CA is a mess budgetwise. However, i am sure there are groups that do similar studies that aren't crippled by ideological bias

[boulder2015]

Originally Posted by Ro2113

Where can I find information on each person involved with the study?

I do find it funny that the study focuses it's findings solely on the state budget and not on other factors not involving government funding or lack thereof.

No talk on the job market or real estate or the several industries in the state. Nothing on that just government.

Well, they do label it "fiscal" , which inherently implies that is is about govenrnment budgets. If it was about overall economic health, Wyoming, for example, would be closer to bottom 5 than top 5.

[KC6ZLV]

Originally Posted by expatCA

TN is not "my" State I am just currently living here. CA is actually "my" State, born and raised there in much better times.

Now you last comment means 16 States are in a better position than CA. How can the 6th largest GDP, the largest State population and with so many things going for it, be so far down the list? Something is wrong.

I'll agree that something is wrong in that I believe no state should have a deficit. However, in the case of California, it isn't the total size of the GDP, or the population that means anything by itself. When you use data to make comparisons you have to have something in common among all the data sets so it has some useful meaning In this case, all states have a GDP, so we use the size of the economy in GDP, and the debt, then come up with a figure that is a percentage of GDP. Otherwise, you end up with the states with the largest populations having the largest debts. Failure to do this is done intentionally to persuade unwitting people towards some view. Simply stating the total dollar amount of the debt, and stating it as a percentage of GDP, or even per capita, has a very different meaning. An example is to if California has a $3 billion debt, well, that's certainly not good, but given the size of California's economy and population, it can be managed. If Wyoming had a $3 billion debt, that would be a much worse scenario with the small size of their GDP and population.

The unemployment rate works in a similar manner.

[BB_210]

Originally Posted by Ro2113

Where can I find information on each person involved with the study?

I do find it funny that the study focuses it's findings solely on the state budget and not on other factors not involving government funding or lack thereof.

No talk on the job market or real estate or the several industries in the state. Nothing on that just government.

I'm not sure why I have to tell happened to find information.

They also don't talk about the pensions problem, housing issues, water issues, infrastructure, government spending on illegal activities. What's the point besides looking at the data for what it is.