Unbelievable, simply unbelievable. I am already paying over $4 for gas and the high price summer months have not started yet. Gas my hit $5 (again) but stay at $5.
I have been trying to decide on Buying Commercial Property in Silicon Valley or Buying a Lakefront home in Nevada. I might just go lakefront home and watch California's economy collapse.
Home ownership in California is only 55% (it's 65% nationwide). No wonder, too many taxes, and too many noncitizens soaking up those taxes.
People need to help themselves Up and by doing so they help other people too. If I want coffee at 5 AM at McDonalds someone has to be there willing to work (helping themselves) to give me my coffee (helping others). Now, they can work a part time job too then start their own Coffee shop and make much more money.
That is how Capitalism works, and it works great.
I'm 100% in favor of a reasonably constructed, social safety net that helps those in need, but not to the extent that they would CHOOSE those benefits over meaningful work. Our country as a whole, and Califorina in particular, have gone way past such an equilibrium.
As Art Laffer illustrated in an article 2 weeks ago, an unmarried, New Jersey, mother of 2 can easily qualify for more than $40,000 of benefits per year. When she takes a job, each incremental dollar she earns costs here roughly 80 cents in lost benefits...
... she is effectively in an 80% marginal tax bracket... and she would be a FOOL to work.
THAT, is a broken system, ortho... and it's front and center as the reason for our nation's out-of-control, $Trillion dollar deficits and our future bankruptcy.
There is no nation on earth with NEARLY as high of a standard of living at the poverty line than there is in the United States. Not even close.
I am not rich, I have done the right things in life, like live within my means and pay bills first and save. Trust me I have seen these folks that go BK and get there homes taken away and they have made twice as much money than I have ever made. I don't feel sorry for stupid !!