3 ms·
Are those Californian public employees paid for doing nothing? If not, then the California corporate tax is a "wealth transfer" to the same extent as any salary
by gjm11 16y ago
Are those Californian public employees paid for doing nothing? If not, then the California corporate tax is a "wealth transfer" to the same extent as any salary payment is a "wealth transfer".
Those public employees are doing things like teaching schoolkids and collecting the garbage and making roads. If they aren't ludicrously overpaid (I've heard stories suggesting that some public employees are ludicrously overpaid, but what's the situation in general?) then what's actually happening is that corporate taxes are transferring ... well, maybe "wealth" sounds too specifically like money, so let's say "well-being" or "welfare" or something ... from beneficial owners of Californian corporations, to schoolkids and homeowners and road users and so forth.
Maybe that's a good thing, maybe not, but it's not quite the same as just taking business-owners' money and handing it to public employees.
(Much the largest expenditure in the California state budget is education. I think a high-school math teacher in California earns about $60k/year. Doesn't sound lavishly overpaid to me.)
- iwwr 16y agoCertain categories of public employees would do less damage by doing nothing.
- joeag 16y agoUnfortunately there are also fireman, police, city managers, political assistants, etc. who make $150,000 to $450,000 a year, and will retire with 90% of that salary per year for LIFE (I kid you not). That's where all CA taxes (corporate, property, sales, you name it) will end up going. The reason why is that the unions control lots of voters, and politicians that wanted to get elected became beholden to those unions and gave them contracts 20 years ago that the state can't afford.