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The California crazies

By: The_Rebel (Diary)  |  July 12th, 2009 at 10:05 PM  | 

RESIZE: AAA

After over two decades in Los Angeles, Creators Syndicate has had enough.  Retroactive tax increases, interest and penalties were just too much to bear:

http://online.wsj.com/article/SB124718265362620253.html#mod=djemEditorialPage

The City of Los Angeles business income tax is one of the harshest and oppressive in the country.  The tax is on gross revenue, not profits, so you can lose money for the year and still pay the tax. Typical Hollywood accounting.  But Hollywood types, like writers and other creative people, get enormous exemptions.  They are the “beautiful people”, though.

Since the state’s tax proposals were turned down by the California voters last month, the bureaucrats have stepped up their tyrannical approach to obtaining new sources of revenue with agencies such as the Department of Corporations and the Housing and Building Departments reopening old, previously settled claims, and demanding back monies and damages.

I wonder if the Obama people are taking notes on all of this for application on a national level?

Lastly, it would be nice to know how much the founder, Rick Newcombe, has contributed to the Democrats over those two decades and voted for the people who put California in its current situation.

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  • mbecker908

    and they won’t stay bought. Heh.

    Couldn’t happen to nicer people.

    And in today’s LATimes, HotAir finds that big Hollywood is making more pics elsewhere and the small businesses that live off them in Hollywood are starving.

    Hundreds of small blue-collar businesses … sustain Southern California’s entertainment industry. Many are struggling amid a sharp drop in local film and TV production triggered by the recession, a rise in runaway production, and the fallout from a writer’s strike and a yearlong contract dispute between studios and the Screen Actors Guild. According to the state Employment Development Department, jobs in movie and television production were down 13,800 in May compared with a year earlier.

    California’s share of U.S. feature film production dropped to 31% in 2008 from 66% in 2003…

    It’s time to pay the piper folks. I just hope folks in the other 49 pay attention.

    • 6eorge Jetson

      flee like Democrats on a sinking ship.

      • izoneguy

        I wonder if anyone listens or understands?

        http://www.duttonreport.com/

    • nessa

      nt

  • Jack_Savage

    And we should be more like California. Right.

  • bk

      

  • mbecker908

    Disney World in a couple of years.

    Businesses are moving out of state, even the movie business is moving out of LA. The real estate crash is just getting warmed up in CA, the market isn’t anywhere near the “bottom” for residential housing and commercial RE is about to take a huge hit nationally and especially in CA.

    Were I a guessing man, my under for CA unemployment is 15%.

    I would also guess that whatever “budget fix” comes out of Sacramento will be mental masturbation of the highest order and CA will run a deficit in excess of $10B to the “surprise” of all.

  • Jack_Savage

    Becker, you have hit the nail on the head. I am in the commercial construction business, and it is an absolute bloodbath right now. The only things – and I mean the ONLY things – being built right now are schools that have already been funded, hospital adds and renovations, and military construction and renovation. Period. There are absolutely no private projects being built in the country. None. And I am in a GOOD area.

    I can’t tell you of all the half-empty spec buildings that are on the verge of driving their owners bankrupt, or land that was acquired before the bust that is about to be foreclosed on, or projects that have site work and parking lots done, but can’t go any further because of lack of funding.

    The simple fact is that a lot of people made a lot of money in the past decade, and they are in hibernation right now. Until the war is ended – and I mean the war on American business – these people will head to the beach or the mountains or the golf course before they risk one dime of their capital under the idiot regime in Washington.

    It is going to get much, much worse before it gets better, and the only way it is going to get better is for Democrats to suffer crushing losses at the polls. Not before then.

  • The_Rebel

    It is the same here in MA with two major projects still dead in the water. And these are billion dollar plus commercial developments:

    http://www.bizjournals.com/boston/stories/2009/02/09/daily42.html

    http://www.boston.com/news/local/articles/2009/03/01/still_waiting_for_takeoff/?page=full

    I can relate to both of these because the Westwood project is in the town I live, and the redevelopment of the former South Weymouth Naval Air Station is in the town I work.

    So much for the “pull” of an all democrat state congressional delegation in getting these projects moving. When will these voters ever learn?

  • Jack_Savage

    Like I said, it is a disaster where I am – and I live in a GOOD area.

    My Dad said not long ago that we have two political parties in the U.S. now – Socialists and Democrats. Maybe voters simply don’t believe there is a legitimate choice. Or maybe they are mostly idiots who need to keep their hand on a hot burner for a while before they learn.

  • The_Rebel

    n/t