Sunday, February 26, 2017

I Didn't Vote For That!




Oh yes, you did.  One of the sneakiest anti-democratic tricks is an "off-cycle" election. 

How about March 7th in Los Angeles?  anything so important that it couldn't be last Novemer?  Heck yes.  Mayor and tax increases.  Nothing like voter suppression to skew the outcome. 

not to worry.  The mayor is safe.  Let us discuss the tax increase. 

Measure H.  Reading the proponents message you'd be hard pressed to learn it means a 1/4th cent tax increase.  That means 9.5% from the current 9.25% in the City of LA.  Or properly El Pueblo de la Reyna de Los Angeles (The Town of The Queen of Angels). 

No one even blinks at 9.25% sales tax as high, regressive and counterproductive?  The Laffer Curve is currently in disrepute but there are elements that resonate. 

https://images.duckduckgo.com/iu/?u=https%3A%2F%2Fmanasupaluku.files.wordpress.com%2F2015%2F02%2Flaffer-curve.png&f=1

 What the Laffer Curve doesn't track is rising public obligations in the red zone.  Revenues plus expenses drives net benefits down much faster. 

41 comments:

Mike said...

we have 9.5% up here too (soon going to 9.75%)...they promised the last quarter point bump was "temporary"..ROFL

Mike said...

I predict the next bump will be to 9.99%..because you know..at 10%..people might start complaining...

Rob Dawg said...

In Dawgifornia there will be a general 5% terminal retail transaction tax. Consumption tax sorta. The districts and prefectures are not allowed to charge anything so as to not set off bidding wars.

Mike said...

the bump from 9.25% to 9.5% was supposedly because the recession was dampening tax revenues. The 9.5% from 9.75% is because economic & population growth has suddenly revealed all kinds of infrastructure needs...

either way...we lose lol

LBD said...

What's the sale tax going to be when the sanctuary cities lose their Federal Funds?

Mike said...

Seattle thinks they are going to get all kinds of federal infrastructure money for their airport expansion...yeah right..

Lawyerliz said...

I don't think they will. Everything is a bluff

Mike said...

Nebraska will get trillions of infrastructure dollars...lol

LBD said...

We are just a bunch of poor farmers here and qualify as a welfare tax state. Thank you very much! :)

Rob Dawg said...

California is fixin' for a fight by adopting more restrictive EPA standards if the Federal regs are relaxed.

I would have thought the asking for disaster funds at in hand would have been enough warning.

Mike said...

We can build you a wall with Kansas if you'd like... :)

Mike said...

I saw the announcement of the approval of federal disaster funds for Kali emphasized "matching funds"..let's see how that goes...

Rob Dawg said...

A wall sounds prudent. There is a city in Kansas named Liberal. ;)

Mike said...

you can bet Kali will throw every project that was languishing in their infrastructure backlog into the mix to try to get Fed disaster funds for it..

LBD said...

Obamaha How liberal can you get? Wall with Kalirado would work for me.

TJandTheBear said...

Having NO retail sales tax here in OR is a nice change of pace from CA.

Funny though... went to Paris in October and the VAT is crazy.

Rob Dawg said...

No beating me today. Standing in line for the Dolby theater for Live with Kelly in a few hours.

Lawyerliz said...

Hey Mike I see. You've been sending me stuff on g mail. I almost never look at that.

Lawyerliz said...

I think you can apply to get it back again. I didn't.

Lawyerliz said...

Damned right.

Lawyerliz said...

Went to a bit day party yesterday. Hung over on cake. And wine. Hard time sleeping. My own fault

Lawyerliz said...

Birthday

Rob Dawg said...

Celebrating birthdays adds to your time on the planet. Just about to go into the Dolby Theater. Looks like we might be front row first Balcony.

Lawyerliz said...

Trump's taunts are inspiring national pride. Not surprisingly I think.

Rob Dawg said...

Nice bounce in durable goods. Highlights why month to month is too noisy to trust without context.

Lawyerliz said...

Cool. Not if you eat youself into a cake stupor. And drink a bit too much wine. The cake was really good. I'm afraid to look at my blood sugar.

Lawyerliz said...

Buying, selling, manufacturing.

Lawyerliz said...

????

Mike said...

Hey Mike I see. You've been sending me stuff on g mail. I almost never look at that.

not me Liz..at least not intentially

LBD said...

Good Morning from the outback!

Snow still melting and almost back in the 50'sF. :)

Mike said...

It looks like we are going to come up just short of 15 inches of precip for the month..so unfortunately I can't check experiencing that off my "bucket list" ;<)

LBD said...

My bucket list continues to grow all the time. I have so many projects in the fire I can't die for at least 20 more years! Fun coupons will be spent!

Mike said...

we're getting a nice dusting of snow this morning (1-3 inches they say)..it will be gone by afternoon (as it turns to rain)...but appropriate way to end the month.

Think I'll turn a spring training game on the radio..turn on my space heater and bring it up real close..and pretend I'm in Arizona.. :<)

Lawyerliz said...

Listening to cle. Not quite as bad as a fork in the eye, but close.

Mike said...

Are you keeping your law license active Liz??

Lawyerliz said...

Fork is approaching

Lawyerliz said...

For now.

Mike said...

Not a bad idea...you never know when you're going to need an attorney to spring friends or family from jail.. ;<)

Rob Dawg said...

Just took the Series 7 practice exam 50 questions 24/50 including 4-5 "been a long time since I took a test like this" stupid errors and 2-3 lucky guesses.

New post.

Lawyerliz said...

Oh we aren't tested. We just have to sit there and we get a code to prove our asses were sitting there. I've done 2 1/2 hours and reaching my limit. We could be reading a magazine. I am now on a lunch reprieve. I have a bit more torture to do and I think I will pick out segments of no more than 2 hours, regardless of the content.

Lawyerliz said...

This one is 11 to 6. If I sign of early,.they prorated the credits.