Saturday, July 25, 2009
"If New Yorkers fantasize that doing business here in Los Angeles would be less of a headache, forget about it. This city is fast becoming a job-killing machine. It is no accident the unemployment rate is a frightening 11.4% and climbing. ... The city's bureaucrats rival Stalin's apparatchiks in issuing decrees, rescinding them, and then punishing citizens for having followed them in the first place. ... Everything was going fine until the city started running out of money in 2007. Suddenly, the city announced that it was going to ignore its own ruling and reclassify us in the higher tax category. Even more incredible is the fact that the new classification was to be imposed retroactively to 2004 with interest and penalties. ... As long as City Hall operates like a banana republic, why is anyone surprised that jobs have left the city in droves and Los Angeles in teetering on the brink of bankruptcy?", Rick Newcombe at the WSJ, 10 July 2009, link: http://online.wsj.com/article/SB124718265362620253.html.
Rick, obey Lenin. Vote with your feet. Now. Welcome to: Houston, Dallas, Las Vegas, anywhere with no income tax. If Mayor "Reconquista" wants money let him go to the Mexican consulate and see if he can get some foreign aid.