California… roadmap to Socialism in the USSA

Discussion in 'Economics' started by gnome, Feb 21, 2009.

  1. But the water really sucks and they keep showing the same old "Butch Cassidy and the Sundance Kid" movie over and over again at the Theater.
    :D
     
    #51     Feb 22, 2009
  2. Pabst, I don't believe that to be true.

    As of FY 2006, using the amount of income tax collections per capita as the metric, California is ranked #7, with DC being #1.

    As a percentage of income, California is #5 in the nation at 3.8%.
    New York is #1 at 4.9% - - - And your Illinois is #39 at 1.9%
     
    #52     Feb 22, 2009
  3. Pabst, much of what you say is true.

    However, there were two reasons why UCLA reached a crisis point in 2006 when only 249 African Americans were admitted for Fall of 2006, and only 100 of those actually enrolled. Same can be said of UC Berkeley.

    1.) The implementation of Prop. 209 in 1998 which prohibited public institutions from considering race, sex, or ethnicity. (Michigan passed a similar state constitution amendment in 2006).

    2.) The incredible competitiveness of admissions at UCLA and CAL. For 2009, I believe that 55,600 freshman applicants applied for admission to UCLA, along with another 16,500 transfer hopefuls.

    http://www.newsroom.ucla.edu/portal...can-American-Admissions-7977.aspx?RelNum=7977

    The numbers are absolutely staggering.
    And unfortunately, the State legislature just passed a Budget Bill that cuts the UC and Cal State University budgets by 10%.
     
    #53     Feb 22, 2009
  4. I talked about the quality of those fine institutions not their acceptance policies. Northeast & Cali will always have better Universities than Southeast.

    California is a microcosm of the country as a whole. Politicians come to Washington and have no respect for the federal budget. As scum Dick Cheney once said "deficits don't matter" actually they do matter and matter a lot.

    The incentive for politicians of any party is to score easy political points by spending: Either on social programs or giving tax cuts to the wealthy to "stimulate the economy". End result is that there is no chance of a surplus or a strive towards. It is too tempting to vote for a project that will bring your district (or state) jobs regardless of its impact on the national economy.

    I believe every federal budget should be taken extremely seriously.
     
    #54     Feb 22, 2009
  5. Ain't it funny that Republicans who traditionally don't give a s*it about diversity suddenly find themselves criticizing an institution because it has few blacks in it.
     
    #55     Feb 22, 2009
  6. As you know it's a little complicated comparing because there's non-individual income tax figured in as well. California is less egregious on business income than some other states. Per capita is also fallacious because it only compares population and not numbers of workers but I'll accept that Vermont is certainly worse than California. I'd still love to buy a condo in L.A. Stuff really isn't breaking at all.......
     
    #56     Feb 22, 2009
  7. True.
    Places are still "high" in the nicer areas.

    But you can get some great deals in the longer commute outlying areas that have become the last to get built, and the first to go into foreclosure . . . 3800 square feet of basically "new" construction that peaked at over $800,000 now going for $350,000

    :)
     
    #57     Feb 22, 2009
  8. Excellent post............California is perfect example of failed big governments.
    It is just sad to see more govt coming instead of retreating.
     
    #58     Feb 23, 2009
  9. Cutten

    Cutten

    Touche. With so many people willing to give up their liberty for a bit of sunshine, it's no wonder freedom is on the back foot.
     
    #59     Feb 23, 2009
  10. The real tragety behind the statistics is the fact so many fly under the radar and do not pay taxes. Beaucrats actually think by raising taxes revenue will increase. The underground economy is so large and untilized by illigal aliens and citizens alike. There is no way possible for the Gov. to rein this in. The only hop for CA is to go the way of Texas and Florida and abolish the income and capital gains tax. Taxation could be better enforced at the point of retail sale.
     
    #60     Feb 23, 2009