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	<title>Comments on: $100,000 a Year Will Make you Go Broke with the California Tax System:  Why California is a Fiscal Disaster.  Broken Tax Structure built on Bubbles.</title>
	<atom:link href="http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/</link>
	<description>Investing ideas for preserving wealth in a fluctuating market.</description>
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		<title>By: ADolf Hitler</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-19251</link>
		<dc:creator>ADolf Hitler</dc:creator>
		<pubDate>Sun, 21 Feb 2010 01:10:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-19251</guid>
		<description>Let Everything just go to hell, let people get a glimpse of what other 3rd world countries live by.</description>
		<content:encoded><![CDATA[<p>Let Everything just go to hell, let people get a glimpse of what other 3rd world countries live by.</p>
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		<title>By: ttdub</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-16947</link>
		<dc:creator>ttdub</dc:creator>
		<pubDate>Fri, 11 Dec 2009 21:25:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-16947</guid>
		<description>Okay about what keepin it real said. I&#039;m sick and tired of people who talk crap about CEO&#039;s (I&#039;m not one!) If you think they make so much money, why don&#039;t you become a CEO?? Oh ya, that&#039;s right, because it&#039;s really really really really hard to do what they do and get that position. Your life has te be litterally devoted to your work, but you&#039;re not willing to do that. In fact very few are (HENCE WHY THEY MAKE SOOO MUCH). They deserve what they get paid because most people, if they were guaranteed to make millions but had to work 75 hours a week for 10 years to get there wouldn&#039;t and those CEO&#039;s aren&#039;t even guaranteed. You have the same chances they do so quit talking crap about them. Also, do you know how much the top 1% pays in our taxes?????? 70%!!!! Those &quot;big bad billionaires&quot; pay for 70% of America. So I don&#039;t want to hear any more boohooing!</description>
		<content:encoded><![CDATA[<p>Okay about what keepin it real said. I&#8217;m sick and tired of people who talk crap about CEO&#8217;s (I&#8217;m not one!) If you think they make so much money, why don&#8217;t you become a CEO?? Oh ya, that&#8217;s right, because it&#8217;s really really really really hard to do what they do and get that position. Your life has te be litterally devoted to your work, but you&#8217;re not willing to do that. In fact very few are (HENCE WHY THEY MAKE SOOO MUCH). They deserve what they get paid because most people, if they were guaranteed to make millions but had to work 75 hours a week for 10 years to get there wouldn&#8217;t and those CEO&#8217;s aren&#8217;t even guaranteed. You have the same chances they do so quit talking crap about them. Also, do you know how much the top 1% pays in our taxes?????? 70%!!!! Those &#8220;big bad billionaires&#8221; pay for 70% of America. So I don&#8217;t want to hear any more boohooing!</p>
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		<title>By: Jonas</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-14761</link>
		<dc:creator>Jonas</dc:creator>
		<pubDate>Thu, 22 Oct 2009 03:03:33 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-14761</guid>
		<description>Excellent even-handed article that succeeded in avoiding the political mud-slinging to focus on the accounting mechanics underlying the difficulties facing CA. Thanks for that. 

Of course, the shift away from property to excise, income and capital-gains tax have decided deep political motivations that were the source of the problems and cannot be ignored in seeking a way out of the morass. In a form of double jeopardy, ideological thinking of the &#039;70s, &#039;80s and 90&#039;s displaced logical analysis in both political parties - as if the laws of economics could be modified by majority vote, political will, arguments, and persuasion (they can&#039;t) and celebrity, independent of competent experience, were sufficient credentials for office (it isn&#039;t). Fighting the latter impulses, while difficult, offers some hope of revival while accepting them as inevitable makes catastrophe inevitable. 

As with the national political parties, the state parties are operating in two parallel universes that make little or no contact with each other (the ideological approaches) with each seeking its own goal no regard to the economic consequences in one case and no regard to the social consequences in the other. The author rightly cites the bubble-to-bubble gymnastics that both parties have been exhibiting - to try to serve both masters simultaneously, while merely picking at the opposition&#039;s short-sightedness when they sense an opportunity to garner a few more swing voters. Given that both are populated with ideological demagogues of featherweight competence, the worst solution would be compromise, the standard fall-back solution for any two rational parties and democratic government. Compromising two irrational systems of thought and policy does not produce either rational thought or policy, but only greater irrationality. 

That&#039;s the problem as I see it and I&#039;ll leave the listing of the ideological contradictions for another time and place.</description>
		<content:encoded><![CDATA[<p>Excellent even-handed article that succeeded in avoiding the political mud-slinging to focus on the accounting mechanics underlying the difficulties facing CA. Thanks for that. </p>
<p>Of course, the shift away from property to excise, income and capital-gains tax have decided deep political motivations that were the source of the problems and cannot be ignored in seeking a way out of the morass. In a form of double jeopardy, ideological thinking of the &#8217;70s, &#8217;80s and 90&#8217;s displaced logical analysis in both political parties &#8211; as if the laws of economics could be modified by majority vote, political will, arguments, and persuasion (they can&#8217;t) and celebrity, independent of competent experience, were sufficient credentials for office (it isn&#8217;t). Fighting the latter impulses, while difficult, offers some hope of revival while accepting them as inevitable makes catastrophe inevitable. </p>
<p>As with the national political parties, the state parties are operating in two parallel universes that make little or no contact with each other (the ideological approaches) with each seeking its own goal no regard to the economic consequences in one case and no regard to the social consequences in the other. The author rightly cites the bubble-to-bubble gymnastics that both parties have been exhibiting &#8211; to try to serve both masters simultaneously, while merely picking at the opposition&#8217;s short-sightedness when they sense an opportunity to garner a few more swing voters. Given that both are populated with ideological demagogues of featherweight competence, the worst solution would be compromise, the standard fall-back solution for any two rational parties and democratic government. Compromising two irrational systems of thought and policy does not produce either rational thought or policy, but only greater irrationality. </p>
<p>That&#8217;s the problem as I see it and I&#8217;ll leave the listing of the ideological contradictions for another time and place.</p>
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		<title>By: Keepin it real</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-10711</link>
		<dc:creator>Keepin it real</dc:creator>
		<pubDate>Mon, 13 Jul 2009 04:46:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-10711</guid>
		<description>Lets keep it real. Why blame it on immigrants? They don&#039;t make the laws here do they? My goverment does and that same goverment is yours. We have all talk shit about illegals but if we ever need repairs at our houses we don&#039;t call Joe&#039;s Contruction Company we go to the local Home Depot and get some mexican guys to do it for 1/3 of the price and the quality might be the same or better. Lets keep it real. Why all these big companies keep going over seas? I bet is for the labor cost and taxes, who doesn&#039;t agree?

I could keep on going, lets stop talking about people that don&#039;t have anything to do how this country runs is MY GOVERMENT that f#7k up. Im sure my neighbor John wouldn&#039;t like to work on the valley for $8 the hour under the son picking tomatoes and guess what he is loosing his house and recently got laid off from work. Guess what he said.... I&#039;m going to milk the system before I start looking for a job.... ?.... This smart answer came from a Computer Engineer.. WTF? He also like many of us blame all in the illegals, blacks and low income people. Think again we all suffer and the CEOs are laughin at all of us, they eat, sleep and travel as much as they want and we can&#039;t even take our kids to Disneyland because gas prices are high..


Who wants to be real?</description>
		<content:encoded><![CDATA[<p>Lets keep it real. Why blame it on immigrants? They don&#8217;t make the laws here do they? My goverment does and that same goverment is yours. We have all talk shit about illegals but if we ever need repairs at our houses we don&#8217;t call Joe&#8217;s Contruction Company we go to the local Home Depot and get some mexican guys to do it for 1/3 of the price and the quality might be the same or better. Lets keep it real. Why all these big companies keep going over seas? I bet is for the labor cost and taxes, who doesn&#8217;t agree?</p>
<p>I could keep on going, lets stop talking about people that don&#8217;t have anything to do how this country runs is MY GOVERMENT that f#7k up. Im sure my neighbor John wouldn&#8217;t like to work on the valley for $8 the hour under the son picking tomatoes and guess what he is loosing his house and recently got laid off from work. Guess what he said&#8230;. I&#8217;m going to milk the system before I start looking for a job&#8230;. ?&#8230;. This smart answer came from a Computer Engineer.. WTF? He also like many of us blame all in the illegals, blacks and low income people. Think again we all suffer and the CEOs are laughin at all of us, they eat, sleep and travel as much as they want and we can&#8217;t even take our kids to Disneyland because gas prices are high..</p>
<p>Who wants to be real?</p>
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		<title>By: John</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-10016</link>
		<dc:creator>John</dc:creator>
		<pubDate>Sun, 28 Jun 2009 15:12:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-10016</guid>
		<description>California is a lost cause. Immigrants, both legal  and illegal, have destroyed the State.  It is appropriate that SwarzenKennedy be the Governor As Mothernature gives her the coup de gras.</description>
		<content:encoded><![CDATA[<p>California is a lost cause. Immigrants, both legal  and illegal, have destroyed the State.  It is appropriate that SwarzenKennedy be the Governor As Mothernature gives her the coup de gras.</p>
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		<title>By: katiya</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-9991</link>
		<dc:creator>katiya</dc:creator>
		<pubDate>Sun, 28 Jun 2009 05:00:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-9991</guid>
		<description>and I thought living in Washington with no state taxes was expensive.  We have 9.5 sales tax as well. No Prop 13 here. My parents benefited from Prop 13 but it was just too cost prohibitive to live there anymore. They sold their house at the height of the housing boom and moved to a low tax burden state.

California is a disaster and needs to be fixed pronto. I wouldn&#039;t live there myself. Enough of supporting the non legal people on the dole though, that should be outlawed right now! My aunt works for the state and she verifies illegals get benefits before legal citizens. Shameful!!!!</description>
		<content:encoded><![CDATA[<p>and I thought living in Washington with no state taxes was expensive.  We have 9.5 sales tax as well. No Prop 13 here. My parents benefited from Prop 13 but it was just too cost prohibitive to live there anymore. They sold their house at the height of the housing boom and moved to a low tax burden state.</p>
<p>California is a disaster and needs to be fixed pronto. I wouldn&#8217;t live there myself. Enough of supporting the non legal people on the dole though, that should be outlawed right now! My aunt works for the state and she verifies illegals get benefits before legal citizens. Shameful!!!!</p>
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		<title>By: Gregg</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-9985</link>
		<dc:creator>Gregg</dc:creator>
		<pubDate>Sun, 28 Jun 2009 03:20:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-9985</guid>
		<description>Federal taxes are $2400.  CA taxes are $666.  I&#039;d say the problem is in Washington.</description>
		<content:encoded><![CDATA[<p>Federal taxes are $2400.  CA taxes are $666.  I&#8217;d say the problem is in Washington.</p>
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		<title>By: Concerned Citizen</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-9966</link>
		<dc:creator>Concerned Citizen</dc:creator>
		<pubDate>Sat, 27 Jun 2009 18:17:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-9966</guid>
		<description>California is a very, very expensive place to live, but you have not talked about where all this money goes.  The best estimates I&#039;ve seen showed that about $10 billion a year goes to services for illegal aliens.  Pensions and salaries for government workers are off the charts.  The state legislature was gerrymandered to the point where elected officials can&#039;t be removed from office.  Proposition 13 offers rent control for property owners and now they can gift their home (with it&#039;s low property taxes) to their children.  Identical houses next door to each other pay wildly different taxes, based only on how long they have been owned.  What&#039;s the solution?

You can move out of state, or you can fight this system.  What&#039;s happening here is going to happen elsewhere, the temptations are just too great to the politicians.  Elect responsible officials who are committed to solving this problem.  Starve the beast by becoming self sufficient in many things and cut spending as much as possible.  Barter and &quot;earn income&quot; in non-cash ways.  Go &quot;off the financial grid&quot;.  It&#039;s much more convenient for a state to tax money than to take actual property.</description>
		<content:encoded><![CDATA[<p>California is a very, very expensive place to live, but you have not talked about where all this money goes.  The best estimates I&#8217;ve seen showed that about $10 billion a year goes to services for illegal aliens.  Pensions and salaries for government workers are off the charts.  The state legislature was gerrymandered to the point where elected officials can&#8217;t be removed from office.  Proposition 13 offers rent control for property owners and now they can gift their home (with it&#8217;s low property taxes) to their children.  Identical houses next door to each other pay wildly different taxes, based only on how long they have been owned.  What&#8217;s the solution?</p>
<p>You can move out of state, or you can fight this system.  What&#8217;s happening here is going to happen elsewhere, the temptations are just too great to the politicians.  Elect responsible officials who are committed to solving this problem.  Starve the beast by becoming self sufficient in many things and cut spending as much as possible.  Barter and &#8220;earn income&#8221; in non-cash ways.  Go &#8220;off the financial grid&#8221;.  It&#8217;s much more convenient for a state to tax money than to take actual property.</p>
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		<title>By: Fred2</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-9954</link>
		<dc:creator>Fred2</dc:creator>
		<pubDate>Sat, 27 Jun 2009 13:33:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-9954</guid>
		<description>&quot;It also sounds like a problem without a good solution&quot;


Really?   The problem is located in sacramento.  The solution is legislators acting ina conservative and prudent fashion, starting with a 50% cut in expenses.   REpeaking any manny of dumb laws would be helpful too.</description>
		<content:encoded><![CDATA[<p>&#8220;It also sounds like a problem without a good solution&#8221;</p>
<p>Really?   The problem is located in sacramento.  The solution is legislators acting ina conservative and prudent fashion, starting with a 50% cut in expenses.   REpeaking any manny of dumb laws would be helpful too.</p>
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		<title>By: John</title>
		<link>http://www.mybudget360.com/100000-a-year-will-make-you-go-broke-with-the-california-tax-system-why-california-is-a-fiscal-disaster-broken-tax-structure-built-on-bubbles/comment-page-1/#comment-9938</link>
		<dc:creator>John</dc:creator>
		<pubDate>Sat, 27 Jun 2009 05:10:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.mybudget360.com/?p=878#comment-9938</guid>
		<description>As a Californian, I can say that we deserve to go bankrupt...
We (meaning residents of L.A., San Francisco and Sacramento) elected a socialist governor, and Idiots like feinstine, boxer, and worst of all pelosi.....What else would you expect to happen?
I feel sorry for American, knowing my fellow Californians elected the worse candidates possible to send to Washington to help destroy the American dream.....</description>
		<content:encoded><![CDATA[<p>As a Californian, I can say that we deserve to go bankrupt&#8230;<br />
We (meaning residents of L.A., San Francisco and Sacramento) elected a socialist governor, and Idiots like feinstine, boxer, and worst of all pelosi&#8230;..What else would you expect to happen?<br />
I feel sorry for American, knowing my fellow Californians elected the worse candidates possible to send to Washington to help destroy the American dream&#8230;..</p>
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