11:41 pm
  Search Again
  Local News
  State / National / World
  Opinion / Letters
  Arts / Entertainment
  Submit Event
  Comics / Games
  DJ Designers
  Advertise With Us
  About Us
Letter: Taxifornia anyone?
December 28, 2012, 05:00 AM Letter


California’s electoral euphoria will eventually dissipate to copious forms of new tax appeals that habitually resume as revenue shortfalls reappear, reigniting the unaddressed dysfunctionality that epitomizes a state that reviles fiscal conservatism. With Proposition 30 passed and Proposition 32 defeated, the Greco delusion will continue barring a collision with economic reality.

A $6 billion spending increase was built into California’s fiscal 2013 budget; this money is already spent while possessing the lowest credit rating and highest debt in the nation of $618 billion. The failure of Proposition 32, to bar rapacious unions from forced dues payments, ensures sustainability of union dominance on both sides of the bargaining table securing future taxpayer largesse. Utah and Idaho successfully employed restraints on unions with Indiana becoming the 23rd state to limit unions’ power to collect dues from non-union workers. Wisconsin now limits public union collective-bargaining rights and Michigan, the quintessential Rust Belt dinosaur, has undergone an astonishing progression to be reborn a right-to-work state. Meanwhile, California leadership takes the form of achieving a prominent ranking in Forbes magazines’ list of Death Spiral States.

Between 1992 and 2008, the number of tax-paying Californians entering California was smaller than the number departing — 3.5 million versus 4.4 million, with a net loss of 869,000 tax filers. Those leaving were wealthier than those arriving, with average adjusted gross incomes of $44,700 versus $38,600. The net loss of those filers cost California $44 billion in tax revenue. California’s response to this unrelenting fiscal hemorrhage: tax increases. Welcome to Taxifornia.

Tony Favero

Half Moon Bay

Print this Page Print this Page |  Bookmark and Share
<< Back

You are in the Archives

  RSS feed RSS
Daily Journal Quick Poll
Between Hillary Clinton and Donald Trump, which presidential candidate would be better for the economy?

Donald Trump
Hillary Clinton
Not sure

©2016 Daily Journal - San Mateo County’s homepage