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2005 Apr 11, 5:00pm 205,377 views 117,730 comments
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So the answer to my question is ????????????????????? Where did 500+ billion in suspense file money come from if illegals didn't pay it in along with billions in income taxes? Still waiting, probably forever.
you reconcile it... perhaps unlike the private industry you double counted it and its really not there. And that is your answer ... Reconcile it and confirm it. If the banks can do it across all its account holders every month, it should be a snap for the Govt to do it as well...
you rather keep those jobs in China,
... because they have less restrictive environment laws and less restrictive child labor and on and on ... they are there because our government let the jobs go there, not because businesses have the god given right to poison and exploit unfairly
So how do you figure Silicon Valley exploited Children and created Poison for several decades.... People here should all be dead by now if true.
I went to Homestead in Cupertino. I think most in my class haven't done huge things, but as a percentage, most seem to have found solid and educated jobs. In fact, I think 98% of all grads in my class went on to college in one way or another.
compare that when home prices in Cupertino, Sunnyvale
WERE NOT as expensive... people still went on to careers/jobs.
not all that different...
however, if your paying upward of a $1M for a 60s rancher, you
better be a Nuclear scientist... or something huge!
But thats not the case, so more bang for the money just isnt there.
One of my youngest staffers went to UCSD grad from Cupertino High 2006,
ok earned a Business Degree and now working as AP clerk... no more than a
HS diploma job... a common theme i am seeing..there is something wrong here.
Thomas,
I see your point, but I think you're missing what I'm trying to say. As a father you want to give every opportunity to your child. By sending him to a better school in a better neighborhood you're giving him/her the best possible opportunity at success. This doesn't mean becoming president or a rocket scientist, but rather a solid foundation for a prosperous future.
The fact that you're arguing that the RE prices in these areas were much lower with similar results is a moot point. These were still better schools even then and comparatively they were pricier areas as well (just not as much as now).
You say going to a private school is the answer... do you really feel that a private school is that much better of an education over a great public school? The results are comparable. Therefore, it makes much more sense (if you can afford it) to purchase in the better public school district as you'll not only skip private tuition, but also reap the benefits of a more stable RE market given your location.
BTW, I wonder if Homestead is still playing their football games at Fremont?
Boy are you a piece of work, Wong. The laws of the American tax system allow bad things. They allow Romney to park millions in the Cayman Islands and pay a lower tax rate when that should NOT BE ALLOWED. Even ABC News reported on this flaw in the system that is engineered by the rich, for the rich. It may be legal but it is killing America and was one of the reason that dickhead lost the election.
http://abcnews.go.com/Blotter/romney-parks-millions-offshore-tax-haven/story?id=15378566 "His personal finances are a poster child of what's wrong with the American tax system," said Jack Blum, a Washington lawyer who is an authority on tax enforcement and offshore banking.
it is remarkable how much misinformation was created over so called "overseas accounts".... and yet many of you still dont get the IRS rules.
"The tax consequences to the Romneys are the very same whether the fund is domiciled here or another country," a campaign official said in response to questions. "Gov. and Mrs. Romney have money invested in funds that the trustee has determined to be attractive investment opportunities, and those funds are domiciled wherever the fund sponsors happen to organize the funds."
You want to so call open a Bank Account, with a foreign bank (off shore).. go right ahead.. there are US Branches of International Banks in all major US cities.
You will find you are not hiding any amounts of income overseas or such.
Bain was organized as a partnership entity with global operations, and as such Romney's share from his partnership was parked in the Cayman Island as are many Corporations also organized their Non US HQ in Ireland, or Singapore.. This of course has nothing to do with US based earnings. So its false to claim anyone "shifting incomes offshore".
Cayman like Ireland wanted to attract the business and generate massive revenues. as they have down. The same is true with Delaware which took business away from New York as well back in the 1800s.
http://en.wikipedia.org/wiki/Corporate_haven#North_America
This is all non issues in the long run... but you will spread the ignorance
as do the media and journalist. Do they even bother to ask the IRS or big 4 accounting firms how this all works...the real criminals hiding millions in offshore accounts are drug gangs and immigrants to the USA (before they enter the USA.) Thats the only way you can skip and hid the criminal assets and loot. By all means go after them and confiscate their funds.
Have you spent much time analyzing the accomplishments of kids in the worse neighborhoods of the bay area?
as Bacus would say... Jerry Yang who founded Yahoo. Frankly I would
add good chunk of the Viet community who are from San Jose... they
did a pretty good job over the decades past. The idea of higher home
prices, better schools isnt a very good measure ... especially since many
didnt exist in decades past.
I don't think cherry picking success stories is a fair assessment. Okay, so you mention the Viet community from SJ... I could be wrong here, but I'd be very surprised if a comparatively inexpensive area has comparable success statistics to a more affluent and expensive area (SAT, college attendance, etc.). Remember, we are specifically talking the fortress areas or areas with equally easy access to major job opportunities.
So the question stands, not that you will ever answer it, where did all these funds come from if illegals didn't put them in, along with income taxes, using phony ss #'s.
you have 20 Million Criminals in the USA who are infact Foreign Citizens
earning unreported income back home... not only to the USA but also to their home nations tax authority which they are still lawful residents ... be it Mexico, India, China, Canada, Europe and any other Latin American nation. And of course much of it is tied to organized crime, drugs and human trafficking.
Of course you and dingbat BGAMAL all like to gloss over those criminal activities...
What a fucking joke your side has become...
Right back at you buttercup.
You of course come off no better either...
The fact that you're arguing that the RE prices in these areas were much lower with similar results is a moot point. These were still better schools even then and comparatively they were pricier areas as well (just not as much as now).
it is THE point of the matter... as was the case decade before as prices were equally lower in Sunnyvale, Palo Alto, Cupertino and other cities.
whats changed.... but irrational heard mentality ...
I see your point, but I think you're missing what I'm trying to say. As a father you want to give every opportunity to your child. By sending him to a better school in a better neighborhood you're giving him/her the best possible opportunity at success. This doesn't mean becoming president or a rocket scientist, but rather a solid foundation for a prosperous future.
No you are NOT giving him or your family any change of normal stable life, considering many employers are unable and unwilling to bank role your expensive life style. Given the nature of the Global competition inthe Tech market .. and as we painly discovered with the Japanese int the late 80s...... You, I and all of us are at risk of losing our jobs...
such careless, emotional buying is self-destructive FOR ALL in the long run.
Carl Guardino, chief executive of the Silicon Valley Leadership Group (2007)
" Hewlett-Packard and Dell are the top two computer-makers in the world. Corporate headquarters for HP are located in Palo Alto and Dell is in Round Rock, Texas. Obviously, they both have people and facilities around the globe.
In those two communities where their corporate headquarters are and where a lot of research and development takes place, the median resale price for a home in Palo Alto is about $1.6 million. In Round Rock, Texas, it's about $180,000, except the home and property are bigger.
We hear from HP all the time that a huge deterrent to the ability to recruit and retain people anywhere near Silicon Valley is the housing issue. We don't hear that from Dell, which is also a member company, about their operations in Round Rock. It does continue to plague us and we will continue to sound the alarm."
and this is what you get... chances are high it will be more in SFBA than lower home priced states/cities where HP has operations. Many others have already moved their operations elsewhere.
HP Confirms Even More Layoffs By End of 2014
Dec 31, 2013 - Hewlett-Packard will lay off 34,000 employees as part of its years-long restructuring plan under CEO Meg Whitman, the last major downsizing at
Ceffer
2014 Jan 12, 3:26pm
APOCALYPSEFUCKisShostikovitch says
My Fellow Americans, Look At Me: Do I Look Like A Corrupt, Vengeful Bully?
Yes. But you need to shave you head and paint a swastika on your face to be taken seriously as a GOP candidate for 2016.
I'm going to piggyback my last comments... It's all supply and demand. The bay area is a powerhouse of wealth for the top 5 to 10%. They want the absolute best for their children so will do whatever it takes to plant their lives in the best locations for schools and commute. Couple that with the education focused Asians (typically wealthy), Chinese investors, prop 13 (limited supply), and the fact that investing in these neighborhoods is blue chip investing through and through. Hence, the outrageous prices. It doesn't matter how much it costs, because if you can afford it, you're looking at all of these facts (momentum) to justify it.
Does it make sense from a dollar standpoint? No! In fact it's ridiculous. Will it come crashing down again at some point? Probably. But that doesn't matter since history proves it always finds a way to go back up again. Just look at the previous crash!
The fact that you're arguing that the RE prices in these areas were much lower with similar results is a moot point. These were still better schools even then and comparatively they were pricier areas as well (just not as much as now).
it is THE point of the matter... as was the case decade before as prices were equally lower in Sunnyvale, Palo Alto, Cupertino and other cities.
whats changed.... but irrational heard mentality ...
Agreed on herd mentality... but that's called supply and demand. The nature of the market has made this happen because people CAN afford it!
I'm going to piggyback my last comments... It's all supply and demand. The bay area is a powerhouse of wealth for the top 5 to 10%.
not is ... "WAS"... your baseing that on the late 90s IPO + High Valuations + Stock Options. It was when some companies like Yahoo were trading at $300/share in Q4 1999 someone else wealth and anothers "Cash"... The fool who paid $300 saw his wealth sink to $10/share... Have we forgotten this...
Things have changed since than...
Does it make sense from a dollar standpoint? No! In fact it's ridiculous. Will it come crashing down again at some point? Probably. But that doesn't matter since history proves it always finds a way to go back up again. Just look at the previous crash!
As we already learned by late 80s as jobs vanished.. it will take you out before you see RE prices crash... I wouldnt count on getting back up,
thats more of myth, since global Tech Spending has peaked some 10 years ago...
The only "Next Big Thing" is natural gas deposits which are making families millions/billions
in middle america... Natural Gas and Fracking.. Energy to fuel the next century...!!
All we have here is Facebook and Selfies of our weiners hanging out ...
prop 13 (limited supply),
prop 13 does not constrain supply nor prevent crashes...
as you can see we had a boom in new development across much
of the Bay Area and California in general.
No you are NOT giving him or your family any change of normal stable life, considering many employers are unable and unwilling to bank role your expensive life style. Given the nature of the Global competition inthe Tech market .. and as we painly discovered with the Japanese int the late 80s...... You, I and all of us are at risk of losing our jobs...
such careless, emotional buying is self-destructive FOR ALL in the long run.
I don't get what you're trying to prove here? Once again, cherry picking... So you're basically implying that the house prices (thus cost of living) are killing off companies success here in the bay area or in general? Wouldn't you think that by now we'd be seeing more of an effect of this? Last I checked this area seems to be doing alright (even with these house prices). How does one explain that?
The only people getting over today are the lower income and upper income groups. That's because they don't have a middle income job (50-200k/yr) that is taxed to insanity.
Dan8267
2014 Jan 13, 2:57am
Christie stayed out of the 2012 election because he knew he didn't have a chance against the re-election of the first black president. However, he doesn't stand a chance against Hilary either. I would not be surprised at all if the voters decided that now that a black president has been elected, we need a woman president. Voters rarely vote on the issues.
The only reason Hilary didn't win in 2012 is that Harry Reid picked Obama as the Democrat's primary candidate. If Obama hadn't won, Hillary would have. And she's up next for the Democratic Party unless something major happens. And no, Benghazi doesn't count.
No you are NOT giving him or your family any change of normal stable life, considering many employers are unable and unwilling to bank role your expensive life style. Given the nature of the Global competition inthe Tech market .. and as we painly discovered with the Japanese int the late 80s...... You, I and all of us are at risk of losing our jobs...
such careless, emotional buying is self-destructive FOR ALL in the long run.
I don't get what you're trying to prove here? Once again, cherry picking... So you're basically implying that the house prices (thus cost of living) are killing off companies success here in the bay area or in general? Wouldn't you think that by now we'd be seeing more of an effect of this? Last I checked this area seems to be doing alright (even with these house prices). How does one explain that?
Glad you have picked up on the soft underbelly of Thomas' argument. Its essentially the old Yogi Berra quote: "That place is so crowded - nobody goes there anymore". Goran K noted the same thing last year:
That's nice Thomas. But if the fleeing of companies was so drastic, why is SV experiencing the exact opposite of Detroit in their housing market?
Thomas couldn't explain it then, and I suspect he cannot explain it now. Still, don't be surprised when he posts the same thing next year too...
Carl Guardino, chief executive of the Silicon Valley Leadership Group (2007)
" Hewlett-Packard and Dell are the top two computer-makers in the world. Corporate headquarters for HP are located in Palo Alto and Dell is in Round Rock, Texas. Obviously, they both have people and facilities around the globe.
In those two communities where their corporate headquarters are and where a lot of research and development takes place, the median resale price for a home in Palo Alto is about $1.6 million. In Round Rock, Texas, it's about $180,000, except the home and property are bigger.
We hear from HP all the time that a huge deterrent to the ability to recruit and retain people anywhere near Silicon Valley is the housing issue. We don't hear that from Dell, which is also a member company, about their operations in Round Rock. It does continue to plague us and we will continue to sound the alarm."
This sums up Thomas totally. This is a quote from 2007. Then, he'll give you charts from 2011.
He refuses to understand that the tech industry is about Google, Facebook, Apple, and the rest of the internet companies now. And, that's what is different about now.
CL
2014 Jan 13, 4:06am
Christie stayed out of the 2012 election because he knew he didn't have a chance against the re-election of the first black president
Christie barely stands a chance of getting through the primaries. He has way too many "bipartisan" accolades to mollify the rightwing nutjobs.
I don't think they'll Romney-up this time, which will be even more disastrous than he was.
Redfin released the county numbers last Friday. No good news in the Bay Area to report as inventory is tight. The only ray of hope is Contra Costa County which shows inventory up 4.4% (Dec. year to year) and sales down 20.4%. The charts ducky posted show a steeper December drop off this year. One explanation may be that there are fewer distressed properties this time around; the 'rational actors' (non-distressed owners) are more likely to take their properties off the market over the winter holiday season.
How about that Hillary .... You want to be her "friend"? Just give her a $500,000 gold necklace like the King Of Saudi Arabia just did (disclosed by The State Department, per U.S. law).
Think she'll wear it at the inauguration?
The oligarchy is gonna love this chick for President. Yes She Can
curious2
2014 Jan 13, 4:55am
***
"New Jersey Governor Chris Christie revealed that he underwent a surgery that restricts the amount of food he can consume. As a result, 12 animals have been removed from the endangered species list." –Conan O'Brien
"Chris Christie revealed a couple months ago that he had lap band surgery. They're speculating that he did this because they're thinking he's going to run for president in 2016, and he couldn't unless he lost a lot of weight, and this procedure accomplishes that because it surgically pinches off your stomach so you just can't eat. Because that’s what you want in a president, someone with absolutely no will power, someone who says ‘I can literally not contain myself.’" –Bill Maher
MisdemeanorRebel
2014 Jan 13, 4:59am
Oh Lord, spare us from Hitlary. Other than her stance on Abortion and Gays, she's a warmongering, hyperinterventionist, anti-whistleblower, secretive Corpratist Scumbag who once sat on the board of Walmart.
Elizabeth Warren in 2016.
Dan8267
2014 Jan 13, 5:12am
Elizabeth Warren in 2016.
Agreed, but that is a pipe dream.
I don't want Hilary president, but it seems inevitable at this point. Maybe if the Democrats offered the Republicans a choice: Hilary or Warren for 8 years. If you hate Hilary more, then drop out of the 2016 and 2020 races.
CL
2014 Jan 13, 5:21am
I don't want Hilary president
Oh Lord, spare us from Hitlary
She'll look good compared to President-- What? Rubio? Cruz? Christie? JEB?
ttsmyf
2014 Jan 13, 5:55am
WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!
Say hey! This was in the Wall Street Journal on March 30, 1999. Note "... how much it will buy."
Holy cow/interesting/compelling ...!
And where is it up to date??? Right here ... see the first chart shown in this thread.
Recent Dow day is Monday, January 13, 2014 __ Level is 104.2
WOW! It is hideous that this is hidden! Is there any such "Homes, Inflation Adjusted"? Yes! This was in the New York Times on August 27, 2006:
And up to date (by me) is here:
http://patrick.net/?p=1219038&c=999083#comment-999083
WOW! The UNtrustworthy are certainly in control of what information is apparent to the people!
Tenpoundbass
2014 Jan 13, 7:59am
I can only hope the next president hasn't been heard from yet.
What I find odd, that here we are only 10 months away from running the American limo through the car wash again. And there's not any noise about who's great and who's sucks.
They are all walking on egg shells and potato chips, and hope like hell that the lower they lay low, then the better their chances of getting reelected will be.
In other words, if the current motherfuckers in Washington, on both Democrat and Republican side were to make a big campaign push patting them selves on the backs on how well they've done the last 4 years. Then everyone of them would be replaced by the opposition. Because they will have inspired millions of voters who plan on sitting this next election out.
But if they are put to the task to reelect the current no good sons of bitches they will put their bongs and bags of Doritos down long enough to make damn sure that doesn't happen.
HydroCabron
2014 Jan 13, 8:31am
I can't think of a single person I'd vote for for President, because not one of them has promised to euthanize and eat Congress.
HydroCabron
2014 Jan 13, 8:43am
Since 1928, every winning GOP ticket ('52, '56, '68, '72, '80, '84, '88, '00, '04, '08) has had someone named Richard Nixon or George Bush on it. Before that, Americans voted Roosevelts into office 5 times!
Now the Democrats may ask us to put the Clintons in the White House two more times, and Jeb Bush makes every shortlist of viable 2016 nominees.
Fuck that shit!
I can't believe that the pool of possible presidents isn't deeper than this.
Americans need to learn to vote on some basis besides name recognition.
tatupu70
2014 Jan 13, 8:48am
Hmmm..... That's funny...., Check out the approval rating he has in the "blue" state of NJ...
That's the point. He's more popular in blue states than red states. And folks like that don't win primaries.
How's he polling in South Carolina??
HydroCabron
2014 Jan 13, 10:23am
APOCALYPSEFUCKisShostikovitch says
all of our acumen, influence and politesse
You serve up the politesse.
The part about the military they love is The Military Industrial Complex.
Wonder if they are considering a new motto: DIE in COMBAT!
Lets see - Democrats control 2/3 of the Federal Government (Senate and Presidency) but this is all Republican's fault?
Pretty sad that the ONLY cuts they can find in our big bloated government are benefits to our veterans - some who served 3 to 6 tours overseas while all the politicians, staffers and lobbyists in DC have seen their fortunes dramatically rise under Obama.
I think Republicans are terrified that Obama will shut down the government again knowing the media will blame it all on Republicans.
I spent my early life in the so called better schools ... Fremont High grad...
The people that are buying for schools are not buying Fremont High.
no one know where your next job will be or if your employer will move to the other side of the county... I worked all over so no point picking and chosing...
That's true, one may switch jobs or the company might move. Someone living in Cupertino will be pretty much ok if the commute to North SJ becomes a commute to Menlo Park. Someone living in Silver Creek may find the commute to North SJ ok, but, Menlo Park would be too far. There's a few tech companies in Edenvale, but, hardly any south of Silver Creek.
In your next comment you note that your daily commute is LG to North SJ via 17/880 or San Tomas. Yes, that's not a bad commute. So you can see why someone might choose LG over SC.
This sums up Thomas totally. This is a quote from 2007. Then, he'll give you charts from 2011.
2007 or 2011.. the principle is the same since mid 80s... high costs housing is a job killer for Silicon Valley (deflationary industies) ... why else did you see Japanese snatch a good chunk of our global business. It was true 20 years ago, today and 20 years into the future...
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