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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Why California Is Doomed Posted by SSinOC on March 12, 2010 at 12:47 AM "California is doomed for two simple but profound reasons: the cost structure is too high for most businesses to survive, and a boom-dependent economy. The dysfunctions crippling California would easily fill a volume: a dysfunctional Legislature that has been gerrymandered to protect virtually every seat; a dysfunctional proposition system which enables special interests to craft Protected Fiefdoms via the ballot box; recalcitrant public unions who don't see anything wrong with public servants getting 90% of top-pay in pensions while still earning big bucks as "contract employees," an enormous population of undocumented workers who pay only sales taxes, and whose employers pay no payroll taxes, either-- and that just scratches the surface. I want to highlight two systemic, structural causes for California's impending bankruptcy as a state and as an "economy": a crushingly high costs structure and an economy entirely dependent on the next boom. " http://www.oftwominds.com/blogmar10/California-doomed03-10.html Follow Ups: Re: Why California Is Doomed dman 7:50 PM, 03/14/10 (1) They Will Vote For The Candidate/Party Who Gives Them The Most Free Stuff Paul 8:21 PM, 03/14/10 (0) Re: Why California Is Doomed hard money lender 9:23 PM, 03/12/10 (0) Re: Why California Is Doomed Kristine-CA 7:27 PM, 03/12/10 (5) Re: Why California Is Doomed Geri 11:55 AM, 03/13/10 (3) For every action there is an equal and opposite reaction. JK (the other JK) 3:35 PM, 03/13/10 (2) Re: For every action there is an equal and opposite reaction. hard money lender 7:32 PM, 03/13/10 (1) Re: For every action there is an equal and opposite reaction. OC Broker 10:56 PM, 03/13/10 (0) Re: Why California Is Doomed Paul 9:21 PM, 03/12/10 (0) Yeah I hear Lex Luther will sink the whole state and make AZ beach front property. JK (the other JK) 7:09 PM, 03/12/10 (7) Calif is circling the bowl... Alfred, SoCal 9:28 PM, 03/13/10 (6) Re: Calif is circling the bowl... bukzin 5:58 AM, 03/17/10 (0) Re: Calif is circling the bowl... Jack Brichards 8:39 PM, 03/14/10 (2) Let's get back on topic... Rick, the Probate Guy 11:59 AM, 03/15/10 (0) Re: Calif is circling the bowl... Jack Brichards 8:52 PM, 03/14/10 (0) Re: Calif is circling the bowl... SSinOC 1:33 PM, 03/14/10 (1) Response to Jack Brichards... Alfred, SoCal 9:00 AM, 03/15/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : "California is doomed for two simple but profound reasons: the cost structure is too high for most businesses to survive, and a boom-dependent economy. : The dysfunctions crippling California would easily fill a volume: a dysfunctional Legislature that has been gerrymandered to protect virtually every seat; a dysfunctional proposition system which enables special interests to craft Protected Fiefdoms via the ballot box; recalcitrant public unions who don't see anything wrong with public servants getting 90% of top-pay in pensions while still earning big bucks as "contract employees," an enormous population of undocumented workers who pay only sales taxes, and whose employers pay no payroll taxes, either-- and that just scratches the surface. : I want to highlight two systemic, structural causes for California's impending bankruptcy as a state and as an "economy": a crushingly high costs structure and an economy entirely dependent on the next boom. " : http://www.oftwominds.com/blogmar10/California-doomed03-10.html [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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