Originally Posted by ptysell
Why would a company make a business decision based on what their employees want or who they voted for? Sounds like bad business to me...unless you want to end up like GM...but I guess a government run computer manufacturer is next in line...after all we have government run banks and a government owned car company and are about to have government run health care.
The government isn't running any part of the banks or the car companies. If they were, maybe we would have banks that actually lent money
instead of horded it.
Originally Posted by ptysell
The same Al Gore that flies coast to coast on his private jet? The same Al Gore that has made hundreds of millions of dollars off scaring people? The same Al Gore that has publicly stated he intends to become the first "green billionaire"? Sounds like his intentions are really the environment and not making money off of it.
These are myths that are perpetuated on the Internet. Yes he did take a private jet sometimes. So does Steve Jobs. But according to http://www.apple.com/hotnews/agreenerapple/
, Steve Jobs wants Apple to "be greener". So does it make Steve Jobs a hypocrite for saying he cares about the environment, when he doesn't because he takes a private jet?
And I don't see how he "scares people" to make money. He made a documentary that made a lot of money. He writes books that make a lot of money. The science in them is sound, and in fact is supported by peer-reviewed journals. Note that not a single peer reviewed scientific journal has refuted a single fact in "An Inconvenient Truth". In fact many of them lauded it. So tell me again, how does he "scare people"? If the truth is scary, tough shit.
Ok, you have me on that one. Because you cannot refute my post in any logical way you resort to personal attacks.
Since when is good grammar and spelling personal?
I guess you didn't get the memo but the state of California is bankrupt.
Technically they aren't. There have been no bankruptcy proceedings. But anyway, the United States of America would be bankrupt, if it didn't just print more money and issue more bonds whenever it needs it. If California could just issue more bounds it would, but they can't because nobody will buy them. The US Government issues bonds--lots of them in fact--and relies on the fact that China will buy them. When China stopped a couple months ago, the world paniced and Obama accused China of manipulating world economies (which is true).
California has on of the highest tax burdens in the country. The tax base that has traditionally bear the majority of the tax burden in the state are moving out of the state.
Prove it. According to federal sources summed up @ http://www.post-gazette.com/pg/08230/904931-109.stm
, California has the 6th highest tax burden of any state, when measured as a percentage of GDP. Get the facts right.
The budget crisis is largely a result of the stock market crash. Capital gains taxes account for large amounts of tax revenue for California, which is the case for many large states with wealthy populations like New York. Nobody wants to sell stock when prices are low, so all those Apple employees with options below water are just sitting on them. Therefore, California loses out on revenue.
Finally, the recently passed tax increases in California actually LOWER taxes for corporations. It changes the way the revenue basis for tax purposes is calculated in such a way that is favorable to corporations. Basically without going into too much detail it allows companies based in California use the number of employees in California/revenue, instead of purely revenue, to determine taxation. For some companies this will increase taxes, but that means they are making a lot of money with few employees in California yet still claim California is their corporate headquarters--so yeah boo to them. For large companies like Apple and Google, who are all headquartered in the Bay, this will be beneficial.
Furthermore, many companies are building in other state because of the high cost of doing business. I guess this is not a problem if you want a "green" state, high taxes, massive budget shortfalls, and no jobs....but then who is going to pay the high taxes? Oh wait......
False. First, California's unemployment isn't the highest in the nation, they are fourth (that's easily googled). Second, California doesn't have the highest taxes in the nation as noted above. Third, MANY states have budget shortfalls. California's is huge, but then again California is the largest state in the nation by far. More than 1/10 of the country lives in that state, and 1/8th of the nation's economy is from California. Put another way, the US deficit from 2007 was almost 500 billion, or $1,428/person. California's $48 billion deficit is approximately $1,333/person.