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When Kansas cut taxes and California hiked them
invite response
2016 Jun 17, 6:51am 10,244 views 15 comments
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indigenous
2016 Jun 17, 7:49am
That is funny, it assumes you do not have an advanced case of myopia.
The context says that Calif had a successful economy before the taxation. This is similar to Sweden.
This video is 1 minute long, not that you can focus long enough to watch it, but it perfectly explains the Calif situation. It sure as fuck is not because of Gov Brown.
NDrLoR
2016 Jun 17, 9:01am
It's funny how different forums have a personality of their own. This one generally seems to be filled with anger much of the time. I think my parents, and especially my mother, who lived to be 94, had the right perspective in being apolitical. She didn't vote or think about politics and once said as long as she was comfortable that's what was ultimately important to her. If people would just go along and take care of their business I think they'd be a lot happier.
Patrick
2016 Jun 17, 9:06am
i think that amused skepticism is the right answer to most political questions.
a lol and a fact or two are more effective at changing minds than a strident argument.
indigenous
2016 Jun 17, 9:06am
This one generally seems to be filled with anger much of the time.
For me it is just about sport.
once said as long as she was comfortable
Cept the liberties are fast disappearing making that comfort more elusive. As indicated in the exhausting 1 min video.
indigenous
2016 Jun 17, 9:08am
a lol and a fact or two are more effective at changing minds than a strident argument.
Thank you.
Goran_K
2016 Jun 17, 9:34am
The most delusional part is comparing the Kansas economy to the California economy. Talk about apples and oranges. But I would expect that from the OP.
I agree with this (I have no dog in this argument). But had Kansas raised taxes, would the economy have improved? This seems to be the natural and logical pivot of the OP's theory.
The reality is Kansas does not, and never has had the economic strength, human capital, and amount of private investment that California has had for the past 20 years. I think a better comparison could be California vs Texas IMO (don't know the details about Texas tax rates, but I'm sure someone does).
FortWayne
2016 Jun 17, 9:48am
CA keeps taking away and redistributing and calling it a "budget surplus". That's just a shakedown what they do. To liberal commie fools this is of course "revenue growth". It's no different in reality from some thug putting a gun to your head and taking your wallet... because he would be "increasing his revenues" just the same way.
indigenous
2016 Jun 17, 11:08am
Presidents have little to do with economic growth. Obama and Bush did endless things to kill the Golden Goose. But the economy grew anyway. Obama being one of the worst presidents in history because of his real legacy.
justme
2016 Jun 17, 11:52am
In 2012, voters in California approved a measure to raise taxes on millionaires, bringing their top state income tax rate to 13.3 percent
For reference
https://ballotpedia.org/California_Proposition_30,_Sales_and_Income_Tax_Increase_%282012%29
It is not a tax on millionaires, it is a tax on yearly income in excess of 1M.
You've got to feel sorry for those Cut and Gut Governors. They were hoping to run for they presidency this year but their tanking economies did them in.
FNWGMOBDVZXDNW
2016 Jun 17, 12:41pm
The article would be more persuasive if it included more states or at least put into context how much these numbers fluctuate year to year. For example, Kansas is a big beef importer and a huge agricultural state. It would be interesting if they showed how the other ag states did. I don't think the size of the state's economy is relevant at all, because they are looking at percent growth. But the relative strengths of the primary industries of each state does make a difference.
I generally agree with the article that raising taxes doesn't always lead to slowing the economy and cutting taxes doesn't always make it grow.
Patrick says:".. fact or two.."
Got that covered.
Democrats are retarded.
Republicans are retarded.
And a bonus,Patnetters are brain dead.
I know brain dead,from personal experience, when I see it.
In 2012, voters in California approved a measure to raise taxes on millionaires, bringing their top state income tax rate to 13.3 percent, the highest in the nation. Conservative economists predicted calamity, or at least a big slowdown in growth. Also that year, the governor of Kansas signed a series of changes to the state's tax code, including reducing income and sales tax rates. Conservative economists predicted a boom.
Neither of those predictions came true. Not right away -- California grew just fine in the year the tax hikes took effect -- and especially not in the medium term, as new economic data showed this week.
Now, correlation does not, as they say, equal causation, and two examples are but a small sample. But the divergent experiences of California and Kansas run counter to a popular view, particularly among conservative economists, that tax cuts tend to supercharge growth and tax increases chill it.
California's economy grew by 4.1 percent in 2015, according to new numbers from the Bureau of Economic Analysis, tying it with Oregon for the fastest state growth of the year. That was up from 3.1 percent growth for the Golden State in 2014, which was near the top of the national pack.
The Kansas economy, on the other hand, grew 0.2 percent in 2015. That's down from 1.2 percent in 2014, and below neighboring states such as Nebraska (2.1 percent) and Missouri (1.2 percent). Kansas ended the year with two consecutive quarters of negative growth -- a shrinking economy. By a common definition of the term, the state entered 2016 in recession.
https://www.washingtonpost.com/pb/news/wonk/wp/2016/06/17/one-state-raised-taxes-the-other-cut-them-guess-which-one-is-in-recession/