California Nightmare – I Pay Taxes
California Companies Flee Business-Hostile State In Droves
California’s business environment has gone from bad to worse, with thousands of businesses pulling up stakes and moving elsewhere. But don’t take our word for it. Just ask the 1,800 companies that either relocated or “disinvested” in the formerly Golden State in 2016.
A new report from business-relocation expert Joe Vranich says that the business climate has gotten so bad that, for the first time ever, he is actively telling clients “to leave the business-hostile state because its business climate continues to worsen.”
America’s First Third-World State
Medieval diseases, gangs, corruption, crime, crumbling infrastructure, out-of-touch wealthy elites …
‘Third World” is now an anachronistic geographical term of the old Cold War. But after 1989, “Third World” was reinvented from a political noun into an adjective to mean more than just Asian, African, and Latin American nations nonaligned with either the West or the Soviet bloc.
Rather, the current modifier “Third World” has come to transcend geography, politics, and ethnicity. It simply denotes poor failed states all over the globe of all races and religions.
Spike In Shoplifting Blamed On California Prop 47’s Reduced Penalties
Perry Lutz says his struggle to survive as a small businessman became a lot harder after California voters reduced theft penalties 1 1/2 years ago.
About a half-dozen times this year, shoplifters have stolen expensive drones or another of the remote-controlled toys he sells in HobbyTown USA, a small shop in Rocklin, northeast of Sacramento. “It’s just pretty much open season,” Lutz said. “They’ll pick the $800 unit and just grab it and run out the door.”
Anything below $950 keeps the crime a misdemeanor — and likely means the thieves face no pursuit and no punishment, say retailers and law enforcement officials.
Measuring the Distribution of Taxes in Canada: Do the Rich Pay Their “Fair Share”?
There is a common and mistaken impression in Canada that the country’s top earners are getting away with paying relatively little tax. This misperception has been fuelled by governments, especially the current federal government, which has invoked “tax fairness” to justify recent tax changes such as the creation of a new and higher top personal income tax rate of 33 percent—an increase from the previous top federal rate of 29 percent.
The fact is that Canada’s top income-earners pay a disproportionate—and growing—share of all taxes collected by government.
Measuring the Distribution of Taxes in Canada: Do the Rich Pay Their “Fair Share”? finds that this year, the top 20 per cent of income earners in Canada—families with an annual income greater than $186,875—will earn 49.1 per cent of all income in Canada but pay 55.9 per cent of all taxes including not just income taxes, but payroll taxes, sales taxes and property taxes, among others.
The discrepancy is even more pronounced for the top one per cent of earners. While this group will pay 14.7 per cent of all taxes in 2017 (up from 11.3 per cent in 1997), it will earn a smaller percentage (10.7 per cent) of all income.