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Billionaire Jeffrey Gundlach slams California over taxes, may leave state
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Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#12"Leaving" California for a billionaire means likely he's going to start claiming taxes in another state while continuing to live in California and enjoy the benefits of being in the state without paying for them.
No, CA is very aggressive in going after this kind of thing. Now with the proposed wealth tax mentioned in the article, no one would dare do this.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#13Another article on the same here:
https://www.theblaze.com/news/billionaire-gundlach-leave-cal...
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#14Not from California but I don't blame him. Instead of controlling waste, the usual answer from state and local governments (particularly in California) seems to be raise the taxes. When you have janitors making making 250k+ you have some serious issues and that's just the tip of the iceberg. The sheer number of administrative positions, departments and salaries just boggle my mind. https://time.com/4555692/san-franci…
Americans learned about 20 to 30 years ago that tax and spend Democrats don't get anything done so then they imported voters from a country that was about 50 years behind and they are trying it all over again with them.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#15People can blast him for being greedy, but here's the thing about California and its taxes: they are being wasted. We have a state with awful public transit, tent cities of homeless people, decaying infrastructure, wildfires (yes its partly a Federal problem but the state could do something), gross inequality between school districts, and chronically terrible urban planning leading to a housing shortage. California i…
Could this be a downside of being a bit of a one party state? On paper, I imagine if more races were more competitive, we'd see our elected officials work harder to keep their jobs rather than lean back on the party establishment to support them. This is actually an honest question - I'm not trying to make a political point here. I'm genuinely curious about whether purple states spend their tax dollars better than th…
It could be. At this point Democrats are basically tenured in California. The state has had Republican governors in the past but that was before present levels of polarization.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#16Earlier quoted context omitted.
Could this be a downside of being a bit of a one party state? On paper, I imagine if more races were more competitive, we'd see our elected officials work harder to keep their jobs rather than lean back on the party establishment to support them. This is actually an honest question - I'm not trying to make a political point here. I'm genuinely curious about whether purple states spend their tax dollars better than th…
It could be. At this point Democrats are basically tenured in California. The state has had Republican governors in the past but that was before present levels of polarization.
I really think we need a new party. Fiscally conservative Democrats. People who live in the real world with respect to budgets, with the ability to say NO to stupid things, but generally being open to some Government programs and of course socially liberal.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#17Earlier quoted context omitted.
It could be. At this point Democrats are basically tenured in California. The state has had Republican governors in the past but that was before present levels of polarization.
I really think we need a new party. Fiscally conservative Democrats. People who live in the real world with respect to budgets, with the ability to say NO to stupid things, but generally being open to some Government programs and of course socially liberal.
That’s sane. It would never go viral on social media.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#18Not from California but I don't blame him. Instead of controlling waste, the usual answer from state and local governments (particularly in California) seems to be raise the taxes. When you have janitors making making 250k+ you have some serious issues and that's just the tip of the iceberg. The sheer number of administrative positions, departments and salaries just boggle my mind. https://time.com/4555692/san-franci…
Only a few janitors (5) are making more than their base salary because they take all the overtime slots. Read the article.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#19People can blast him for being greedy, but here's the thing about California and its taxes: they are being wasted. We have a state with awful public transit, tent cities of homeless people, decaying infrastructure, wildfires (yes its partly a Federal problem but the state could do something), gross inequality between school districts, and chronically terrible urban planning leading to a housing shortage. California i…
California taxes you a lot more than other states, but doesn't give you better services than other states. I say that because I've lived in 4 states, California included (for years), and nowhere I felt that my money was wasted more than California. Premium taxes for average, if not below average, services by US standards.
My current county in a southeastern red state charges me 1/3 than what I paid in California in property taxes (absolute dollars, as houses here are MUCH cheaper), but we have well maintained schools, music teachers and a funded library. I had none of the above where I lived in California (Orange County).
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#20Earlier quoted context omitted.
I really think we need a new party. Fiscally conservative Democrats. People who live in the real world with respect to budgets, with the ability to say NO to stupid things, but generally being open to some Government programs and of course socially liberal.
That’s sane. It would never go viral on social media.
I've come full circle, I think CA Democrats should be in favor of smaller Government and less taxes at the federal level so that states like CA can have a bigger slice of the tax pie by increasing state income taxes. If we did this I think we could get healthcare for all and other things for CA residents. Since it seem impossible to do things at the Federal level for several reasons, why even try? Just do it at the state level.