In response to:

Prepare for Demise of California; Liberals Will Get All the Government (and Tax Hikes) They Want

DavidM Wrote: Nov 11, 2012 9:47 AM
This is exactly WHY stimulus bills don't work. Spending doesn't matter, producing things matters. As Milton Friedman said, if you want full employment pay half the unemployed to dig holes and the other half to fill them up. When you give someone 500 dollars a week and they stop working, the economy just lost 750 or 1000 dollars a week in productivity. No one will pay you 500 dollars a week unless you can produce more than 500 dollars a week of productive work for them Basic Economics isn't taught anymore.

On Tuesday voters in California went the wrong way on three propositions.

  1. Voters approved Proposition 30 "temporarily" increasing the state sales tax and income tax on individuals making over $250,000.
  2. They voted against Proposition 31 that would allow the governor to cut the budget in fiscal emergencies.
  3. They voted against Proposition 32 would...
Related Tags: Liberals Government Tax