Capital Gains Taxes In California

August 23rd, 2008

capital gains taxes in california

The costly differences between socialism and capitalism – California vs Texas

It is a little-known laboratory experiment is performed in the United States with the two economic systems against each other. Such systems are socialism and capitalism. This experiment takes place in two of the largest states in the country, California and Texas, California, with representatives of big government, high taxes, socialist economic system, and Texas, the small state, low taxes, capitalist economic system. The Recession has undoubtedly helped in highlighting the differences between these two systems and the results of this experiment in loud and clear that capitalism is by a long shot.

Since the conclusion of World War II growth in California is exceptional. In 1950 the population increased in California 10600000-36800000 in 2008. During this time drew the Golden State commercial and industrial expansion astronomical prices. The adoption of a Master Plan for Higher Education in 1960 allowed the development of a highly efficient system of public education in the community colleges, the University of California, and included the California State University. By creating an educated workforce, California can do to attract investment, particularly in areas of high technology. recognized until 1980, California became the world's eighth-largest economy. Millions of workers were needed to fuel the expansion. The high population density of the time caused enormous problems with urban sprawl the landscape, traffic, pollution and, to a lesser extent, crime.

Accompanying this growth was a liberal progressivism, with the trade unions dominates the public sector and an unquenchable thirst for big government spending. California's budget has doubled from $ 59000000000 to 120 billion U.S. dollars in the decade 1995 to 2005 alone. To feed this buying frenzy expire California has systematically increased taxes on individuals to 9.3% and 8.84% in the company. Despite the best efforts for their to expand tax revenue, is the projection of a California budget deficit as high as 25000000000 $. There is even some talk of a $ 40000000000 deficit, with a total Public debt is now approaching 500 billion U.S. dollars. The highways are crumbling, public sector tuition fees is 30% and unemployment at 14.3%, 4.6% higher than the national average. California's economy is collapsing and the people will vote with their feet. From 2000 to 2009, more than 1.5 million people have the state, and this trend has accelerated.

Compare that to Texas. Texas' economy is booming. Nearly 1 million to the state shifted from 2000 – 2009. Nearly 145,000 have moved into the state during 2008-2009 alone. It's fiscal condition is sound. Public employee unions are weak or absent. It is the government is a fraction of the size of California. Despite its small government, Texas provide advanced services. The teachers are less than in California paid, but Texas' test results are higher than California. Texas has no income tax, a legislature that meets only ninety days every two years to build new highways and has an unemployment rate below the national average. Because of population growth Texas is poised to four more electoral votes in the 2010 division add, while California, for the first time in its history, no votes will win.

The differences between both countries is clear. California with high taxes and expensive government's Texas verses low taxes, low services of the government. Or, more accurately, socialism verses progressive conservative, capitalism free market. The conclusion of the laboratory experiment between socialism and capitalism, between California and Texas' two different economic systems, is clear. The results be with the big debate in the U.S. on the government to expansion, increased demands, which may include health care and higher sociability to pay taxes on all of this, we need not look beyond our own backyard. Socialism has failed, where capitalism succeeded. Unfortunately for the citizens the U.S., we can not vote with their feet and leave for another state. We have to fight and stay. We need to wage war against socialism and the preservation of the American dream for our future generations. It is a battle worth fighting for. Thanks to the genius of our founding fathers we have the means to Revolution in this country run, not with bullets or bloodshed, but with a dangerous weapon that the power to vote.

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