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In other words, business as usual in the great white asylum at Sacramento.
Pretty much, I voted no on that one as well, anything that implies tax to Sacramento I vote no on... I even stopped buying from Amazon.com because California has gone after them for sales tax in this state. I still purposely pay a few dollars more to another online retailer that does not collect California sales tax even though I can get it for a few bucks cheaper at a site that does send tax money to this state... if I can find ways to stop feeding the beast I will, sometimes you can't avoid it, like at the local stores. I liken it to going to target instead of walmart, it might be a little more expensive but you feel better about it because you didn't have to deal with all the trash walking around in the store, u got in and out and don't feel like you have to take a shower when you get home.
There is a big difference between people who are north of 5M net worth and those who are not.
Quote:
Originally Posted by BayAreaHillbilly
Pretty much anyone below that level (and by net worth I include real estate) is going to experience at least some middle class or at times even lower class reality. Especially for people in the "almost care free but not quite" category, things like tax policy and regulatory issues are a big deal especially if they are sole proprietors or parts of LLCs.
Wealth, as with poverty, beauty & pornography, seems to be in the eye of the beholder.
I think your putting a peg at $5M of net worth is too low. For example, there is a big difference between $5M of net worth with a basis of $5M (or more), and $5M of net worth with a basis close to zero.
IMHO, $5M of net worth doesn't make you rich. No private jets, no yachts, no ski-in/ski-out chalets in Deer Valley, no chauffeured limos, no collection of Bentleys and Aston Martins.
When you get to $100 million, then it doesn't matter so much if your basis is $100 million or closer to zero. With $100 million, you can do a lot of things (note - you still won't own a mega-yacht).
One reason such a large percentage of billionaires support democrats is, well, they can afford to.
Since Warren Buffett is rich enough to live wherever he wants, I wonder why he doesn't move to California.
Wealth, as with poverty, beauty & pornography, seems to be in the eye of the beholder.
I think your putting a peg at $5M of net worth is too low. For example, there is a big difference between $5M of net worth with a basis of $5M (or more), and $5M of net worth with a basis close to zero.
IMHO, $5M of net worth doesn't make you rich. No private jets, no yachts, no ski-in/ski-out chalets in Deer Valley, no chauffeured limos, no collection of Bentleys and Aston Martins.
When you get to $100 million, then it doesn't matter so much if your basis is $100 million or closer to zero. With $100 million, you can do a lot of things (note - you still won't own a mega-yacht).
One reason such a large percentage of billionaires support democrats is, well, they can afford to.
Since Warren Buffett is rich enough to live wherever he wants, I wonder why he doesn't move to California.
Well, somebody moves -- and, the moving is noticeable!! Remember this???......
California politicians visit California jobs … in TEXAS When California politicians want to visit California jobs, they increasingly have to LEAVE California to do so. That’s why Lt. Governor Gavin Newsom traveled with a small entourage of other Golden State politicians to Texas, the biggest beneficiary of California’s economic policies. So many jobs have fled California to Texas, John Fund writes for the Wall Street Journal, that the governing class needed lessons from Texas Governor Rick Perry on how not to repel business:
“We came to learn why they would pick up their roots and move in order to grow their businesses,” says GOP Assemblyman Dan Logue, who organized the trip. “Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?”
The contrast is undeniable.Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California’s jobless rate is 12% compared to 8% in Texas.
“I don’t see this as a partisan issue,” Mr. Newsom told reporters before the group met with Texas Republican Gov. Rick Perry. The former San Francisco mayor has many philosophical disagreements with Mr. Perry, but he admitted he was “sick and tired” of hearing about the governor’s success luring businesses to Texas.
In fact, those jobs are moving so quickly that the politicians can’t keep up with them. While California’s delegation visited Texas, another major business announced its intention to move. Fujitsu Frontech, a major high-tech company, will move its manufacturing facilities from Foothill Ranch, California to New York. The announcements of the move didn’t indicate how many jobs this entails, but it’s probably not minimal, and California can hardly stand to lose any at the moment.
Newsom wants to position himself as a “pro-jobs Democrat,” but that’s been an oxymoron in California for decades. IfNewsom wants to reverse that trend, he’ll have to start eliminating the red tape that forces business owners to take as long as two years to build and launch locations, as Carl's Jr/Hardees executive Andy Pudzer told the group. The state needs to rid itself of its penchant for regulation, especially demonstrated in the episode concerning the California Air Resource Board’s use of a questionable study authored by an academic fraud that not only threatens to put independent trucking companies out of business, but also honest scientists that blow the whistle on the unseemly relationship between state-based Academia and regulatory boards such as CARB.
And that doesn’t even start to address California’s ridiculously high taxes, and the overly progressive nature of its income tax system that guarantees revenue crashes during economic downturns.
Well, somebody moves -- and, the moving is noticeable!! Remember this???......
California politicians visit California jobs … in TEXAS When California politicians want to visit California jobs, they increasingly have to LEAVE California to do so. That’s why Lt. Governor Gavin Newsom traveled with a small entourage of other Golden State politicians to Texas, the biggest beneficiary of California’s economic policies. So many jobs have fled California to Texas, John Fund writes for the Wall Street Journal, that the governing class needed lessons from Texas Governor Rick Perry on how not to repel business:
“We came to learn why they would pick up their roots and move in order to grow their businesses,” says GOP Assemblyman Dan Logue, who organized the trip. “Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?”
The contrast is undeniable.Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California’s jobless rate is 12% compared to 8% in Texas.
“I don’t see this as a partisan issue,” Mr. Newsom told reporters before the group met with Texas Republican Gov. Rick Perry. The former San Francisco mayor has many philosophical disagreements with Mr. Perry, but he admitted he was “sick and tired” of hearing about the governor’s success luring businesses to Texas.
In fact, those jobs are moving so quickly that the politicians can’t keep up with them. While California’s delegation visited Texas, another major business announced its intention to move. Fujitsu Frontech, a major high-tech company, will move its manufacturing facilities from Foothill Ranch, California to New York. The announcements of the move didn’t indicate how many jobs this entails, but it’s probably not minimal, and California can hardly stand to lose any at the moment.
Newsom wants to position himself as a “pro-jobs Democrat,” but that’s been an oxymoron in California for decades. IfNewsom wants to reverse that trend, he’ll have to start eliminating the red tape that forces business owners to take as long as two years to build and launch locations, as Carl's Jr/Hardees executive Andy Pudzer told the group. The state needs to rid itself of its penchant for regulation, especially demonstrated in the episode concerning the California Air Resource Board’s use of a questionable study authored by an academic fraud that not only threatens to put independent trucking companies out of business, but also honest scientists that blow the whistle on the unseemly relationship between state-based Academia and regulatory boards such as CARB.
And that doesn’t even start to address California’s ridiculously high taxes, and the overly progressive nature of its income tax system that guarantees revenue crashes during economic downturns.
Wealth, as with poverty, beauty & pornography, seems to be in the eye of the beholder.
I think your putting a peg at $5M of net worth is too low. For example, there is a big difference between $5M of net worth with a basis of $5M (or more), and $5M of net worth with a basis close to zero.
IMHO, $5M of net worth doesn't make you rich. No private jets, no yachts, no ski-in/ski-out chalets in Deer Valley, no chauffeured limos, no collection of Bentleys and Aston Martins.
When you get to $100 million, then it doesn't matter so much if your basis is $100 million or closer to zero. With $100 million, you can do a lot of things (note - you still won't own a mega-yacht).
One reason such a large percentage of billionaires support democrats is, well, they can afford to.
Since Warren Buffett is rich enough to live wherever he wants, I wonder why he doesn't move to California.
What both of you are ignoring is that your personal opinions are different from the FACTS found in the study. They looked at everyone making $200,000 per year or more and found that tax rates really didn't effect their decision as to where to live. Those are FACTS not opinions please learn the difference between the two.
Well, somebody moves -- and, the moving is noticeable!! Remember this???......
California politicians visit California jobs … in TEXAS When California politicians want to visit California jobs, they increasingly have to LEAVE California to do so. That’s why Lt. Governor Gavin Newsom traveled with a small entourage of other Golden State politicians to Texas, the biggest beneficiary of California’s economic policies. So many jobs have fled California to Texas, John Fund writes for the Wall Street Journal, that the governing class needed lessons from Texas Governor Rick Perry on how not to repel business:
“We came to learn why they would pick up their roots and move in order to grow their businesses,” says GOP Assemblyman Dan Logue, who organized the trip. “Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?”
The contrast is undeniable.Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California’s jobless rate is 12% compared to 8% in Texas.
“I don’t see this as a partisan issue,” Mr. Newsom told reporters before the group met with Texas Republican Gov. Rick Perry. The former San Francisco mayor has many philosophical disagreements with Mr. Perry, but he admitted he was “sick and tired” of hearing about the governor’s success luring businesses to Texas.
In fact, those jobs are moving so quickly that the politicians can’t keep up with them. While California’s delegation visited Texas, another major business announced its intention to move. Fujitsu Frontech, a major high-tech company, will move its manufacturing facilities from Foothill Ranch, California to New York. The announcements of the move didn’t indicate how many jobs this entails, but it’s probably not minimal, and California can hardly stand to lose any at the moment.
Newsom wants to position himself as a “pro-jobs Democrat,” but that’s been an oxymoron in California for decades. IfNewsom wants to reverse that trend, he’ll have to start eliminating the red tape that forces business owners to take as long as two years to build and launch locations, as Carl's Jr/Hardees executive Andy Pudzer told the group. The state needs to rid itself of its penchant for regulation, especially demonstrated in the episode concerning the California Air Resource Board’s use of a questionable study authored by an academic fraud that not only threatens to put independent trucking companies out of business, but also honest scientists that blow the whistle on the unseemly relationship between state-based Academia and regulatory boards such as CARB.
And that doesn’t even start to address California’s ridiculously high taxes, and the overly progressive nature of its income tax system that guarantees revenue crashes during economic downturns.
What both of you are ignoring is that your personal opinions are different from the FACTS found in the study.
Kinda like your "everything is a right-wing conspiracy" opinions, huh?
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