January 2, 2011 Leave a comment
California’s 2011 Business Tax Climate Ranks 49th
California’s Top Individual Income Tax Rate Is 4th Highest in the Nation
California’s Corporate Income Tax Rate is the Highest in the West
California’s Sales Tax Rate Is Highest in the Nation
California’s lawsuit climate is [ranked 46th in the nation]. Among local jurisdictions, Los Angeles’ courts were mentioned as the second worst in the nation for legal fairness after Chicago, Illinois. San Francisco’s courts were named as the sixth worst….
Two-thirds, or 67 percent, of the 1,482 corporate lawyers contacted for the survey say a state’s lawsuit environment is likely to impact important business decisions at their company, such as where to locate or expand their business–up 10 percent from just three years ago.
Recent studies estimate California has $500 billion in unfunded pension liabilities….
California’s public pension and retiree health and dental care expenditures have quintupled since fiscal year 1998-99, from about $1 billion to $5 billion this year. Retirement spending is expected to triple again – to $15 billion – within the next decade.
Since 1998, California’s state workforce has grown by 31 percent and taxpayers now pay for more than 356,000 state workers.
Since 2008, California has added over 13,000 employees to the state payroll during this recession.
State and federal officials, driven by the agenda of environmental extremists, have made it extremely difficult for the valley’s farms, introducing costly environmental regulations and cutting off critical water supplies to save the Delta smelt, a bait fish. It’s all driving the economy to collapse.
In the southwest part of the Central Valley, water allotments as low as 10% of normal have created a visible dust bowl. The knock-on effect can be seen in cities like Fresno, where November’s unemployment among the packers, cannery workers and professional fields that make agriculture productive stands at 16.9%….
Fresno was ranked dead last at 102 as the worst city in America to do business, according to a 2010 MarketWatch survey. Four other Central Valley cities made the national bottom 10 — Bakersfield, Sacramento, Modesto and Stockton.
What do all these depressing facts have in common?
They were all brought to you by Democrats.
But Cali voters keep re-electing them.
Which means Cali voters are flaming dumbasses.
And suicidal ones at that.
Addendum: Dan Draney points out that the difference between the Titanic and Cali voters is that the passengers on the Titanic did not vote to hit the iceberg.