Stepping over a dollar to pick up a dime.

http://www.ocregister.com/articles/amazon-306409-affiliate-california.html

Quote :

""Even as Governor Jerry Brown lifted his pen to sign this legislation, thousands of affiliates across California were losing their jobs. The so-called 'Amazon tax' is truly a lose-lose proposition for California. Not only won’t we see the promised revenues, we’ll actually lose income tax revenue as affiliates move to other states.""

6/30/2011 9:26:43 AM

How is this different from sales tax that NC charges on amazon purchases?

6/30/2011 9:28:53 AM

NC doesn't charge sales tax on amazon purchases. NC requires collection of sales tax for NC based affiliates, and requires individuals to report and pay sales tax on items purchased online, where sales tax was not collected.

But yes, it is the same thing, and it's equally stupid. Amazon did the same thing, and ended affiliate programs for all NC based affiliates as well.

I titled the thread as such, because there are many more examples of California's economic stupidity that can be posted.

hopefully NC doesn't continue to try to be California East.

6/30/2011 9:44:19 AM

Cali is the ebay capital of the world, after hong kong of course. They have nothing to worry about.

6/30/2011 9:45:06 AM

^explain to me how eBay is going to save California from the economic ruin they are currently headed towards? They're 10s of billions in debt, with 10s of billions more in unfunded future obligations, they have a retarded energy policy that increases the cost of business in the state, companies are leaving the state more than any other, and if you don't include the influx of hispanic immigrants their population has been declining for a long time.

Quote :

"California is Stupid"

What is "things I've known for a while, Alex".

6/30/2011 9:54:05 AM

california is proof that liberal politics is not good for the economy.

6/30/2011 10:35:10 AM

It also shows that people are willing to subject themselves to poor economic policies as long as the weather is alright and they have easy access to good weed.

[Edited on June 30, 2011 at 11:12 AM. Reason : well, at least until the austerity comes...]

6/30/2011 11:11:50 AM

^^^

haha, true, but can it be said enough?

^indeed

6/30/2011 11:46:42 AM

it cannot

6/30/2011 12:12:31 PM

thread title might as well be "stupid is stupid"

6/30/2011 1:03:07 PM

The individual states are in a similar situation to Euro-zone member states. The only difference that I can see is that their central bank doesn't have a ridiculous balance sheet like ours does. California has been a pioneer in implementing these idiotic "fiscally liberal" policies, and they'll probably be the first to suffer the consequences. Question is, will the federal government (which can't even cover its own expenses) serve as a backstop.

6/30/2011 1:03:14 PM

^^ as stupid does

6/30/2011 2:05:10 PM

No, there is another major difference. Our central bank (usually) only trades federal debt when trying to set interest rates. The European federal government does not have enough debt to serve this role, so their central bank sets interest rates by trading Greek, German, etc, debt. This is why Greece was able to borrow so much although it defaulted just a few decades ago. It also explains why a Greek default would cause a currency crisis for the Euro but not so for California and the Dollar.

6/30/2011 2:07:36 PM

Quote :

"The European federal government does not have enough debt to serve this role, so their central bank sets interest rates by trading Greek, German, etc, debt."

That's true, but it's still expansion of the money supply no matter how you cut it. I think the ECB is set up in such a way that there's much more restraint placed on the central planners, which is why they're being forced into austerity. In our case, we can just keep pretending.

6/30/2011 2:13:06 PM

^ If the topic is still California, then you are quite wrong. California is being hammered by its creditors, and it has a debt to Gross-State Product of 7.71%. Compare that to Greece with a debt to GDP ratio of 142%. The difference is Europe's central bank prints money to aid Greece's borrowing. The U.S. central bank does no such thing for California.

[Edited on June 30, 2011 at 3:38 PM. Reason : .,.]

6/30/2011 3:37:08 PM

cringe

11/14/2023 8:57:05 PM

Not particularly

11/14/2023 9:00:53 PM

no, it is

11/14/2023 9:28:50 PM

Loved living there for almost 20 years, but I had to bounce. Washington state is the new hotness.

11/14/2023 10:00:09 PM

^^why so bad? All actors showing respect?

11/14/2023 10:01:31 PM

It was cringe when Trump did it and it is cringe now.

I get the necessity for foreign relations / real politick or whatever, but this cheerful hosting of a genocidal dictator isn't very cheery to me

11/14/2023 10:06:22 PM

It was prob cringe when trump did it but not that cringe now

11/14/2023 10:07:14 PM

It's literally politicians being politicians. Who cares?

11/14/2023 10:13:01 PM

The what about when trump did such and such ppl ^

11/14/2023 10:13:47 PM

^^

XKIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII

11/14/2023 10:21:35 PM

What the hell does that mean? I'm sorry, I'm too old for TikTok lingo, so forgive me for not understanding whatever point it is that you're failing to articulate.

11/14/2023 10:31:33 PM

Nothing, I just hit my keyboard bro

11/14/2023 10:36:48 PM

Emnsk wins this page

11/14/2023 10:42:57 PM