California ranks as the 48th most business friendly state! Oh wait, there are only 50 states. Dang, that means it is the third worst state to do business in. Only New York and New Jersey are less business friendly.
California is in bad shape financially. I don't think they have balanced a budget in decades. They run out of money and ask voters to bail them out every election in the form of bonds. They aren't changing anything and so it keeps getting worse. They have a very liberal legislature who doesn't know how to stop all the spending. So the legislature organized a commission to figure something out. The commission is proposing something close to a flat tax...OH THE IRONY!!!! A flat tax is about as conservative a policy as you can get. They are abandoning every liberal fiber in them by even mentioning a flat tax.
For those of you who don't know, a flat tax means everyone pays the same tax rate regardless of how much you make. It doesn't really exist anywhere anymore. Opponents say the rich should pay more because they can afford to. Proponents say you shouldn't punish success. Regardless of the arguments, I do think deep down everyone knows that a flat tax is very business friendly...and that is what California is going for.
This is something to watch because if they go forward with this and it helps them, Obama and the liberal legislature are in trouble. This would put a conservative policy to the test, kind of. There are a lot of other factors in Cali that make it very business unfriendly, but still...pretty interesting. If you are into this kind of thing, and if you are still reading you must be a little.
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