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Post by The Great Aztec Joe on Dec 14, 2010 13:53:39 GMT -8
I've looked at the projected numbers for future expenses in a state with a rapidly declining population and projected high unemployment for years to come.
As soon as Jerry Brown takes office he should declare bankruptcy and default on all state obligations.
The only way we can revive this state is to do that as soon as possible.
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Post by aztecwin on Dec 14, 2010 15:22:20 GMT -8
Maybe a way out, but to cut spending to a point where we could start digging out is a better way.
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Post by sdtosf on Dec 18, 2010 10:29:56 GMT -8
Cut Prop 13 to commercial properties. Unbelivable that major commercial property owners are paying 1977 era taxes whild collecting 2011 commercial rents.
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Post by The Great Aztec Joe on Dec 19, 2010 16:17:28 GMT -8
Cut Prop 13 to commercial properties. Unbelivable that major commercial property owners are paying 1977 era taxes whild collecting 2011 commercial rents. I do not remember the law as passed that was Proposition 13. I thought that it allowed a percentage increase per year, but not the outlandish increases in taxes that were frightening people away from ever even thinking about home ownership. I know my property taxes have consistently gone up during the 35 years that I have owned my house. With as much as real estate has fallen in value, one would think that we may be paying too much in taxes now. |
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Post by aztecwin on Dec 19, 2010 18:37:32 GMT -8
Cut Prop 13 to commercial properties. Unbelivable that major commercial property owners are paying 1977 era taxes whild collecting 2011 commercial rents. I do not remember the law as passed that was Proposition 13. I thought that it allowed a percentage increase per year, but not the outlandish increases in taxes that were frightening people away from ever even thinking about home ownership. I know my property taxes have consistently gone up during the 35 years that I have owned my house. With as much as real estate has fallen in value, one would think that we may be paying too much in taxes now. Taxers have figured out how to pass some taxes off as fees and such so our taxes are somewhat higher than they should be under the law, but still liveable. |
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Post by The Great Aztec Joe on Jan 10, 2011 16:23:48 GMT -8
I do not remember the law as passed that was Proposition 13. I thought that it allowed a percentage increase per year, but not the outlandish increases in taxes that were frightening people away from ever even thinking about home ownership. I know my property taxes have consistently gone up during the 35 years that I have owned my house. With as much as real estate has fallen in value, one would think that we may be paying too much in taxes now. Taxers have figured out how to pass some taxes off as fees and such so our taxes are somewhat higher than they should be under the law, but still liveable. The water and drainage fees that have escalated astronomically are frightening more and more people away from this state. The more people the flee the more state revenue falls. As I see it, the best remedy would be to declare bankruptcy, nullify some of the outrageous retirement programs that pay hundreds of thousands in annual benefits, nullify contracts with state unions and so on. We (the people of the Great State of California) need to restructure our debt. |
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Post by Trujillos & Beer on Jan 10, 2011 16:36:17 GMT -8
Secede from the union, keep all those federal tax dollars in the state.
Legalize marijuana and online gambling, tax it.
Solved.
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Post by The Great Aztec Joe on Jan 10, 2011 16:40:57 GMT -8
Secede from the union, keep all those federal tax dollars in the state. Legalize marijuana and online gambling, tax it. Solved. Lath, I love you, but I do not think it will work. Hey, post more on this forum. We need input. |
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Post by aztecmusician on Jan 19, 2011 18:36:41 GMT -8
Foreclosures abound in California. Of the top 10 US city foreclosure rates, 6 of them are in California.
4. Modesto, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 16%.
5. Merced, California. Rate: 1 in 8 housing units. Rounding out to 80,000 to date. Unemployment rate: 17%.
7. Stockton, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 15%.
8. Riverside/San Bernadino, California. Rate: 1 in 8 housing units. Rounding out to 15,000 to date. Unemployment rate: 13%.
9. Bakersfield, California. Rate: 1 in 9 housing units. Rounding out to 300,000 to date. Unemployment rate: 14%.
10. Vallejo/Fairfield, California. Rate: 1 in 9 housing units. Rounding out to 150,000 to date. Unemployment rate: 11%.
And Governor Brown wants to raise taxes on these people? This retread's ideas are just as bad as they were in the 1970's. California is screwed.
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Post by montyismyhomie on Jan 19, 2011 19:01:17 GMT -8
And Governor Brown wants to raise taxes on these people? This retread's ideas are just as bad as they were in the 1970's. California is screwed. California is screwed because a state assembly that has a 12% approval rating had every member re-elected. There are too many loony tunes up there to possibly right this ship. California was lost long ago and it will be a long time before someone fixes it. |
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Post by The Great Aztec Joe on Jan 19, 2011 19:58:07 GMT -8
And Governor Brown wants to raise taxes on these people? This retread's ideas are just as bad as they were in the 1970's. California is screwed. California is screwed because a state assembly that has a 12% approval rating had every member re-elected. There are too many loony tunes up there to possibly right this ship. California was lost long ago and it will be a long time before someone fixes it. We can only hope that common sense will prevail. It does not happen often, but it does happen on occasion. |
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Post by aztec70 on Jan 20, 2011 9:24:42 GMT -8
Foreclosures abound in California. Of the top 10 US city foreclosure rates, 6 of them are in California. 4. Modesto, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 16%. 5. Merced, California. Rate: 1 in 8 housing units. Rounding out to 80,000 to date. Unemployment rate: 17%. 7. Stockton, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 15%. 8. Riverside/San Bernadino, California. Rate: 1 in 8 housing units. Rounding out to 15,000 to date. Unemployment rate: 13%. 9. Bakersfield, California. Rate: 1 in 9 housing units. Rounding out to 300,000 to date. Unemployment rate: 14%. 10. Vallejo/Fairfield, California. Rate: 1 in 9 housing units. Rounding out to 150,000 to date. Unemployment rate: 11%. And Governor Brown wants to raise taxes on these people? This retread's ideas are just as bad as they were in the 1970's. California is screwed. Wants to cut programs as well. The taxes will be voted on. You know just like it took commie hater Nixon to open Red China, who expected that? It may be Jerry Brown who straightens out CA. Here is some more complete data on foreclosure rates around the country. www.realtytrac.com/content/press-releases/third-quarter-foreclosure-activity-up-in-65-percent-of-us-metro-areas-but-down-in-hardest-hit-cities-6127 |
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Post by aztecwin on Jan 20, 2011 12:55:54 GMT -8
Foreclosures abound in California. Of the top 10 US city foreclosure rates, 6 of them are in California. 4. Modesto, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 16%. 5. Merced, California. Rate: 1 in 8 housing units. Rounding out to 80,000 to date. Unemployment rate: 17%. 7. Stockton, California. Rate: 1 in 8 housing units. Rounding out to 200,000 to date. Unemployment rate: 15%. 8. Riverside/San Bernadino, California. Rate: 1 in 8 housing units. Rounding out to 15,000 to date. Unemployment rate: 13%. 9. Bakersfield, California. Rate: 1 in 9 housing units. Rounding out to 300,000 to date. Unemployment rate: 14%. 10. Vallejo/Fairfield, California. Rate: 1 in 9 housing units. Rounding out to 150,000 to date. Unemployment rate: 11%. And Governor Brown wants to raise taxes on these people? This retread's ideas are just as bad as they were in the 1970's. California is screwed. Wants to cut programs as well. The taxes will be voted on. You know just like it took commie hater Nixon to open Red China, who expected that? It may be Jerry Brown who straightens out CA. Here is some more complete data on foreclosure rates around the country. www.realtytrac.com/content/press-releases/third-quarter-foreclosure-activity-up-in-65-percent-of-us-metro-areas-but-down-in-hardest-hit-cities-6127I predict that taxes will be defeated unless they really make a compelling case. Program cuts are where it has to come from. The stat about the re-election rate for our state lawmakers is a fearsome indictment of the common sense of California voters. |
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Post by AlwaysAnAztec on Jan 20, 2011 16:09:24 GMT -8
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Post by aztecmusician on Jan 21, 2011 0:21:46 GMT -8
It is a State spending issue, raising taxes will take even more money out of people's wallets and send foreclosure and unemployment rates through the roof. Raising taxes will cancel out any benefits of Brown's budget cutting measures. Keep the money with the people, not in the stagnate hand of the government.
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Post by theMesa on Jan 21, 2011 8:03:15 GMT -8
I agree, Joe, I don't think there is an answer, except for bankruptcy, of course. I am retiring in about 18 months so the wife and I are looking for properties out of state as we speak. My guess is that taxes will skyrocket and new taxes will be imposed on goods and services that are not currently taxed. All "temporary" taxes will now become permanent taxes to boot.
How in the world these bozos in Sacramento get reelected is mind boggling!! California deserves the mess it is in. Just how Harry Reid gets reelected in a state that has the highest unemployment and highest foreclosures in the nation is another mystery entirely. Nevadans deserve their misery also.
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Post by The Great Aztec Joe on Jan 23, 2011 9:57:42 GMT -8
I predict that taxes will be defeated unless they really make a compelling case. Program cuts are where it has to come from. The stat about the re-election rate for our state lawmakers is a fearsome indictment of the common sense of California voters. California is burdened with outrageous future pension obligations. We are talking about two and three years down the road. Brown's plan is not going to solve our problem three years from now. The only solution is bankruptcy and the only way to do that is with a Federal Law that will allow a state to declare bankruptcy in a Federal Court. That may take a constitutional amendment. We simply can not pay the bills that are coming. Anybody who looks at our pension obligations knows what I am writing about. Pensions were never intended to allow people to retire in luxury. We have got fat cats in California pulling down hundreds of thousands of dollars in benefits and pension funds. That has to be cut out of the budget. While we are at it, we can void all union contracts via bankruptcy. We need to take action now, not later. Join me in a call for a state's right to declare BK in Federal Court. |
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