As Wisconsin residents voted on Tuesday not to recall Gov. Scott Walker — who has become an enemy of labor unions nationwide — two California cities dealt blows of their own to organized labor.
In San Diego and San Jose, voters overwhelmingly approved ballot initiatives designed to help balance ailing municipal budgets by cutting retirement benefits for city workers.
Around 70 percent of San Jose voters favored the pension measure, while 66 [...]
The Daily Sheeple
June 3rd, 2012
All indications suggest that basic services in Greece have begun to break down, with reports from several Greek prisons and military installations indicating that prisoners are malnourished and starving. Food shortages caused by austerity related spending cuts and truck stoppages are also reportedly reducing daily rations for soldiers stationed in the area of Corinth, Greece.
We may very well be seeing the cracks in a society on [...]
Dramatic situation in the Corinth prison, problems in Patra and Alikarnassos – Prisons are running out of food!
At a time when the entire country is being tested by the economic crisis, some people are quite literally on the verge of destitution and hunger.
At a time when the empty state coffers can not support any concept of a welfare state, with “frozen” financing towards education and health, the prison system could [...]
At a time when the entire country is being tested by the economic crisis, some people are quite literally on the verge of destitution and hunger. At a time when the empty state coffers can not support any concept of a welfare state, with “frozen” financing towards education and health, the prison system could not be an exception.
The financing for many prisons has decreased to a minimum for some months [...]
Euro exit worry prompts more Greeks not to pay tax
“Greeks are notoriously reluctant to pay taxes, but even those that do are holding off at the moment until they are sure their country stays in the euro zone.
State coffers are on track for a 10 percent fall in revenues this month as a result, a senior finance ministry official said on Wednesday.
Two tax officials who declined to be named told [...]
France’s top constitutional body on Wednesday approved a new tax on sugary drinks that aims to fight obesity while giving a boost to state coffers.
The Constitutional Council approved the new soda tax, announced in August as part of the government’s fight against obesity and within the framework of a broader austerity programme, after it was passed in parliament last week.
The tax, which works out to one euro cent per can [...]
Nan Brasmer says she won’t buy anything from Amazon anymore.
The 72-year-old president of the 950,000-member California Alliance for Retired Americans is among dozens of community leaders planning to gather in Sacramento Monday morning to launch a consumer boycott of the Seattle-based retailer.
The boycott — and an online petition at ThinkBeforeYouClickCA.org — targets Amazon for its efforts to overturn a new California law that requires [...]
The wrangling over raising the US debt ceiling led the country to the edge of a financial disaster, and the deal reached seems like a band-aid on a torn jugular. A total of $2.4 trillion is to be saved over a period of 10 years, but that’s not much given the debt today already amounts to a barely imaginable $15 trillion and will probably have reached [...]
Reporting from Sacramento—
State officials are reporting an unexpected $2-billion surge in tax receipts that will help lawmakers close the remaining $15-billion budget deficit, and the Capitol is humming with hope that more is coming.
But the windfall could complicate Gov. Jerry Brown‘s push for tax increases, which he says are needed for California’s longer-term financial health.
Some analysts say the surprise — the sign of a brightening economy — [...]
We saw what raising taxes on “millionaires,” did in Maryland.
Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O’Malley, a [...]
1) Poor revenue may add $4M to TPS deficit; property-tax delinquency rising (Toledo)
“The bad news keeps coming for Toledo Public Schools as it tries to steady its financial ship.
Its income tax levy failed Tuesday, meaning more layoffs and program cuts to close a $30 million budget hole next fiscal year.
Now there also could be $2 million to $4 million more in losses over the next fiscal [...]
Actually the poor and middle class pay the most tax but, it is hidden in prices. The more you raise tax on the wealthy, the more that is passed on to the working men and women as they change how they get their money.
It is like when John Kerry was running for President and somebody asked him how he only had to pay 12% tax. He simply reminded them that [...]