The American dream is becoming less and less obtainable in the Golden state, since more and more corporations are finding the lands of the Golden state to be no longer fertile to keep their businesses here or grow it any longer. The Golden state has one of the highest sales tax rate in the nation at currently 7.5% as of 2014 base on the information stated on tax-rates.org. The income tax for the Golden state is also the highest in the nation making it no longer a hotspot for business growth and expansion. And then there is also a new bill called the SB-1372 that will impose a tax on business if their CEO makes a certain multiple of the median of their average workers. With all these tax rate that are very unfriendly towards businesses its no wonder why many corporations are leaving the Golden state for some better opportunities. The lands of the Golden state are starting to lose their shine when compared to other states in the nation like Texas, where it has one of the lowest tax rate for businesses. Something must be done in order to keep the gold in the Golden state.
As of right now California is currently ranked at 48th in terms of the best state in the nation to do businesses in, base on the research done by Scott Drenkard and Joseph Henchman. The information that Drenkard and Henchman provided was based on Calfornia's corporate(31st), individual income(50th) , sales(41st), unemployment insurance(16th) , and property tax rate(14th) which together causes the Golden state to only amount to the 48th best state to do business in. And if that wasn't enough to scare businesses from running away, then the new bill called SB-1372 will surely do that, since this new bill will call for an increase in corporate tax on business based on...
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...et the rich keep their wealth, and basically yes it is, but the smart rich people knows that one doesn't get rich by simply keeping the wealth. Its by investing that money into one's business or starting up a new business all together, which would basically make them more money and create better growth in the Golden state.
We should be lowering our current tax rate in the Golden state to keep businesses here in the Golden state instead of raising it. Raising the tax rate when it's already one of the highest in the nation will do no help at all other then scaring off businesses to other states. With my solution of lowering the sales tax, having a tax discount based on employees, and giving new businesses a helping had at the start could potentially help out the Golden stat. This is my solution of how to keep the gold in the Golden state, since everyone wants gold.
...ve their advantage and disadvantage in regards their tax system; however, we can see that the state of Texas needs to find a better system to growth its tax revenue, they need to move to a progressive system, where there is a charge for income tax, but by putting a margin were only certain brackets pay the tax, and live exempt the people who makes $30,000.00 or less. This will improve the amount of income for the state, to help suicide certain causes, such as The Education system, Medicaid, and also help the Department of Transportation to pay old debts due to the construction and maintenance of new roads. This will help to stop the plan of considering bringing international companies to build new roads with the commitment of paying toll during the next fifty years, which is only going to benefit the private company, but not any changes in the revenue of the state.
This continues to have an effect on the local government in California because every time the governments wants to impose a tax they have to put it to vote before the taxpayers if it has anything to do with local taxes. Schools are also still without some of the much needed programs that would benefit the children and help to keep them off the street. Teachers are also forced to have bigger classrooms due to the cuts. Although these propositions have helped a few people by lowering property taxes, I feel that in the long run the children are hurt due to the loss in programs such as art, music and some sports just because we want to pay a lower amount of property taxes. This is just something the people of California will have to live with.
The wages are very low compared to Americans doing similar work, even if they work the hardest out of all the employees of the business. Shipler in his book talks about a young woman named Candalaria, who works for a sewing company and receives payments by sewing jeans and makes only 5 cents for each fly she sews on the jeans. But, since she is an illegal immigrant she barely receives the minimum wage for her work. According to Shipler, “To make California’s minimum wage, which was $5.75 at the time, that added up to 767 flies an hour, allowing her just under 5 seconds for each fly” (Shipler). The work, Candalaria has to do, is twice as much work as any other worker does; in order for her to live on a low-budget. Giving workers less money for a lot of work may seem like a dream for the boss of the company, but it could be the polar opposite thought. Shipler states “Paying so little may seem like a boon for a boss, but he isn’t always delighted” (Shipler). Shipler points out that people who run the company and notice a person that does a lot of hard work; only to be paid in such low amounts of money can be upsetting to witness. But, as of late, California has been taking a better shape for illegal immigrants that come into the country looking for a better life. According to Greenblatt, “California was the most active state last year,
Not all people can be rich. According to the article “The Treadmill of Consumption”, Robert says that “Life is a game. Money is how we keep score”. That is what some people think about real life, and that is wrong, because real life isn’t a game. It is a world where you need to work and earn your money to buy things you need. Not everyone can have a big house and many cars. Everyone is different and have different jobs and salaries. Somebody is born rich, and they easily get money from their parents, but others work hard to get the place where they are now and the money that they are earning. People never know who works hard and get it easy, but in any way they want to be like them. Moreover, people forget what they have, and they just want more. In the article “All That Glitters Is Not Gold”, it says that everyone should be equal. It is true that being equal would be an easy solution for people. Most of the people earn enough money to live good and simple lives, but that is not enough for them. They look at rich people and forget about themselves. Maybe, the money that they have is plenty for them, and they don’t need to be
California's education system is in dire need of reform, providing adequate funding to education has been a problem for decades. The “Golden Moment” in California took place in the mid twentieth century. During the governorship of Pat Brown, a Master Plan for higher education was adopted. This plan passed in 1960, it created a three tier system and aimed at providing universal access to higher education for all Californians. It was an innovative system that brought prestige to the state and helped manage the needs of the rapidly growing state population. The growth in population was fueled by the idea that California was the land of milk and honey but this influx caused property values to rise and consequently property taxes were hiked. California voters have the ability to use the initiative process to implement policy. While this is a unique aspect that allows Californians direct control in governance, it can make it difficult for the state government to provide enough funding. Among the legislation pushed by voters has been Proposition 13, it continues to have long lasting effects that impact tax revenue and budgetary decisions.
First of all, the main reason of economic immigration to Los Angeles is employment. A lot of immigrants in California come from Latin America and Asia. “The vast majority of immigrants were born in Latin America (53%) and Asia (37%). California has sizeable populations of immigrants from dozens of countries; Mexico (4.3 million), the Philippines (812,000), and China (760,700) are the leading countries of origin.” (Hans Johnson and Marisol Cuellar Mejia) It is connect with the fact that salaries in the USA bigger than in the Latin America and Asia. For example: in the USA salaries of porters, dishwashers, cleaners and professions that do not require special education equal to 6-8$ an hour, but in China salaries approximately...
This materializes in chapter twenty one and also in chapter fourteen. The situation in chapter fourteen is similar to that of chapter twenty one. California is nervous as change begins with the Okies starting to trickle in to their towns. The owners try to blame these changes on things like the growing labor movement or new taxes. A gradual appearance of social consciousness begins and shifts from being all about the individuals to the group in general. The families that are travelling and struggling to survive beg for something to change so that they can continue to live. However, the families that have secure homes and work are terrified of the change that will come with the
Not having a state income tax has many political implications. Many people claim not having a state income tax means their is no state government in the people's business this appeals to people with conservative values. People with these types of values lean toward Republicans, they like small government control over their money. While others end up keeping more of their money, they still are not able to afford the increasing average cost of living. Making lean towards the Democratic Party, because they like programs that help out low income level
Adding to this is the notion that the “richer are getting richer and the poor, poorer.” (Reich). When the income of the middle and lower class is either the same or shrinking while the income of the upper class is improving, the wealth gap is evident (Scott). What illustrates this is that today the 10% of richest Americans hold 40% of all the wealth in the U.S. (Scott). Another aspect of the wealthiest staying wealthy is the ability to pass down their wealth; otherwise known as inheritance. Even with estate taxes, the wealthy still manage to find loopholes where they don’t have to pay as much, or even at all. In other words, “lower income people pay a greater share of their income sales and payroll taxes than higher-income people” (Henchman). In America, the wealthy are being favored while everyone else has to pay.
It is also believed that wealth should be non-existent. This is only possible if cl...
...ve already seen this in colorado with weed shop. They are making lots of money along with the government collecting all the taxes upwards to 15 percent plus more. The government can charge as much as they want.They know people will pay for marijuana. People will pay for weed if its legal to. “37 shop owners reported 5 million dollars in sales since it has been legalized.” (RT.Com) A lot of possibility for success and also a really big economic. everyone just wants to get a little high.
reason for the financial crisis, which is not the case. Only 4 percent of California's budget is spent
On January 1, 2014 the states of Colorado and Washington allowed the first retail of recreational marijuana in the United States. This was a very controversial decision. However Travis Eubanks from EUbanks article stated that he had visited since it was passed and said, “There wasn’t rioting in the streets, and the world didn’t end. In fact, People I talked to who live in the state say nothing has changed at all.” Many lawmakers and non-supporters were worried there would be problems including: public consumption, drugged driving, minors’ access, and trafficking to outside states. There has been laws put in place and so far none of these have been concerns. With the state taxes at 35 percent, it resulted in about $70 million in revenue this year alone. There has been plans to use this for debt, but the biggest is to put it into education and schools. With such high demand, it has resulted in a growing industry of marijuana farmers. Creating numerous jobs that had npt existed until now. Though it is still federally...
“Why the Rich are getting Richer and the Poor, Poorer” written by Robert Reich, describes as the title says, why the rich are getting richer and the poor, poorer. In Reich’s essay he delves into numerous reasons and gives examples of each. It makes one wonder if the world will continue on the path of complete economic separation between the rich and the poor.
Gold, nothing can compare to this precious metal. A symbol of wealth and prosperity, it has been a value for explorers and adventurers and a lure for conquerors. Today it is vital to commerce and finance; popular in ornamentation, and increasing importance in technology.