Comments on: In Nevada, Government Actually Sometimes Says ‘No’

By: TheBoss

TheBoss — Tue, 01 Jul 2008 18:44:58 +0000

To maui – Yes, much of what Nevada did in the special session was not true cutting. But they did in fact authorize significant cuts. My point is not that their governance is perfect. Rather, it’s at least “somewhat reasonable.”

To Mike – I don’t disagree about California’s plusses, but consider that Seattle too has no income tax. And, there, you get much of the beauty you’re describing. Also, my concern is not just the current state of affairs, but what we may face in 5 or 10 years. I see little opposition to tax increases in the future.

By: Mike Hardy

Mike Hardy — Tue, 01 Jul 2008 17:57:34 +0000

Oh, I don’t know, I looked at the things they’re cutting and nearly all of them appear to be either reserves or capital expenses. Doesn’t sound like “cuts” to me, just deferrals. I guess that serves to balance the budget one year, but it looks like they still have a structural problem because those things will hit cashflow eventually unless they were cockeyed to begin with.

Totally agree with you that one-party rule is typically a disaster, at least on the finance side. I always get a chuckle at the market going up when the executive branch and legislative branch are at odds with each other – gridlocked government is good for business

On the other hand, all your gabbing about the “Nevada HQ” makes me think, do I want to be in California? I mean, I’m from Texas originally which has no income tax either. Easy answer though, yes, California is simply that much better than Nevada, and part of it is due to the extra spending I think. For instance, I *like* BART. And pretty bridges, etc. I don’t think I get enough for my money but I’m willing to pay to get things, is all I’m saying.

But it’s good to question those things.

By: maui

maui — Tue, 01 Jul 2008 15:34:06 +0000

Thanks for the information. It was great to see the alternative to what goes on here.

However, you are preaching to the choir.

I find that things are so one sided here that many people don’t even understand that there is an alternative approach to “Tax and spend”.

How can this blog be used to reach out to well intentioned people that might appreciate this point of view?