This is the least tax-friendly state in America — and California doesn’t even crack the top 10 – MarketWatch

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DOUG
4 years ago

California’s property tax is extremely REGRESSIVE, it helps the ultra rich property owners propping up real estate bubble making housing unaffordable for working class while taxing working class with high income taxes.

Astonished
4 years ago

Fascinating, that as heavily taxed are Americans in general, so many government entities “needed” to float so much debt these past 38 years. A cynic might wonder if, while John Q. Public was sleeping or busy watching sportsball, his elected representatives and their buddies looted the public treasury like it was going out of style. Look at the yachts lining harbors on the Atlantic, Gulf of Mexico and Pacific. Look at the multi-million-dollar condos and homes in Miami Beach, San Diego, Manhattan, Mountain Village above Telluride, Aspen, Jackson Hole, etc. Count me as asking WHO OWNS ALL THAT? I sincerely… Read more »

Freddy
4 years ago
Reply to  Astonished

Have you seen John Carpenter’s 1988 “They Live”? Roddy Piper finds special sunglasses and sees that the world is not what it seems to be. Huge divide between rich and poor and aliens have mostly infiltrated everyday life/the political scene and the elite. Piper has a great bubblegum line he made up. Would like to find those glasses and go to Springfield. May explain why everything is so insane lately.

debtsor
4 years ago
Reply to  Freddy

The wealth exists, all that changes in the name on the title. The local state politicos aren’t the ones owning yachts (other than those that earned their money before politics). It’s the finance related industries. The banks print money – they do fractional reserve lending which means they can lend out $10 for every $1 they have in their possession. Which as you can imagine produces a lot of money to their banker and private equity buddies who buy and sell companies, stock and other sorts of finance related things. The local politicos like Sandavol and Madigan are running scams… Read more »

Astonished
4 years ago
Reply to  debtsor

1. Banks no longer need reserves under the Fed’s overnight sweeps rule. It’s not “fractional reserve,” it’s nonexistent reserve. 2. It’s not a theory, it’s conspiracy fact that most of the world’s wealth is owned by (IIRC) about 80 extended families whose blood-lines date back to Antiquity. They own most everything, and above all they own political systems. Politics is just theater to disguise what is otherwise a massive looting operation that has always existed. We gripe about the details, but the larger reality is that everything we’re told is from THEIR news organs, laws are passed by THEIR cronies,… Read more »

Astonished
4 years ago
Reply to  Astonished

And yes, “Pritzger” is part of that cabal of loosely related families. Of course, he looks like Jabba-the-Hutt from Star Wars (or a giant bullfrog) but that’s beside the point.

debtsor
4 years ago
Reply to  Astonished

“about 80 extended families whose blood-lines date back to Antiquity.”

I’ve never heard that theory. I’ve seen studies done, using italian surnames in central italy, that say wealthy medieval families are likely to be wealthier today, but that’s hardly saying that the patricians and senatorial families of Rome still control the wealth of the world. In fact, most of those villas lay in ruins buried under three or four feet of peasant tilled farm land. The top 1% owns much of everything, yes, but that lineage is not family lineage back to antiquity.

nixit
4 years ago
Reply to  Freddy

Roddy’s line from “They Live” is, “I have come here to chew bubblegum and kick ass… and I’m all out of bubblegum.” Recall Duke Nuke’Em paraphrased it as well.

world with end
4 years ago
Reply to  Astonished

That’s why it’s important to choose a tax-friendly state in which to live. Wirepoints forwarded the Kiplinger study that showed, predictably, IL as the least tax-friendly state. You’ll get abused by politicians via some high or unnecessary taxes or user fees wherever you move, but a lot less than IL if you move to one of the top 10 most tax-friendly states.

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“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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