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
#2People 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 is incredibly wealthy and is relatively high tax (though by no means the highest) so what bottomless pit is that money falling into? California is a money pit where no amount of cash fixes anything. Might as well just set money on fire.
You could say the same thing about America as a whole. We pay only a bit less in taxes than Canada (at least if you're middle class) but get a fraction of the benefits.
I'd be sympathetic with a tax increase if current money were being spent wisely, but don't ask for more money when you can't even build one high speed rail line at 10X the cost of anywhere else in the world.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#3People 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…
Yeah the ugly truth is that both the democrats and the republicans are often right. Social welfare and public spending is important and needed, and social welfare and public spending is also atrociously mismanaged. But we conveniently pretend the other side doesn't have a point on this because admitting they are right would weaken our own position.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#4People 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…
If you want to say the money is wasted, I think it's on you to provide the examples rather than stating it and then asking others to back you up
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#5People 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…
Yeah the ugly truth is that both the democrats and the republicans are often right. Social welfare and public spending is important and needed, and social welfare and public spending is also atrociously mismanaged. But we conveniently pretend the other side doesn't have a point on this because admitting they are right would weaken our own position.
As a result we often get the worst of both worlds, like the US healthcare system which combines everything bad about socialized medicine with everything bad about privatized medicine.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#6People 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…
Toll roads are pretty common in high-tax countries. Canada has some. France, Italy and Japan are pretty much all toll roads.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#7Not 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-francisco-bart-janitor-salary/
https://www.openthebooks.com/forbes-why-california-is-in-tro...
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#8"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.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#9People 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…
The wealthiest people and corporations pay proportionally a tiny amount of tax and then they get subsidized and bailed out by the middling middle class.
Canada doesn't have a ridiculous semiprivate health industry that could probably deliver free healthcare to a smaller state with what it spends on lobbying alone.
I think a deeper truth is that America has a split personality: partly it wants to be a grownup nation, and partly it wants to still play Wild West.
Re: Billionaire Jeffrey Gundlach slams California over taxes, may leave state
#10People 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 the very red and very blue ones.