Now Bill Lockyer thinks tax cuts create jobs

Now Bill Lockyer thinks tax cuts create jobs

Tesla Model S wikimediaWhen opponents of Proposition 30 said it would kill jobs, Treasurer Bill Lockyer backed it anyway:

“I worry a little bit about fairness, although when you look at the income distributions in the last 20 years and see that essentially 80 percent of the people in California have either stagnated or fallen backward, 20 percent are the folks that actually have more disposable income, maybe progressive income taxes are relevant and fair in that kind of environment.

“However, you do get to the top pretty quick, and the potential for out-of-state migration is substantial enough that we have to be very sensitive about those rates.”

His tune is a little different this year:

Tesla Motors Inc. got the authority to save up to $34.7 million in California sales and use taxes on its purchase of up to $414 million in equipment to expand motor car production in California.

“The Palo Alto-based electric car company applied for and got tax credits for achieving state incentive goals such as being a net benefit to the community, improving air quality, creating construction jobs, creating permanent jobs and developing California research and development facilities.

“State Treasurer Bill Lockyer announced the credit Tuesday following the meeting of the California Alternative Energy and Advanced Transportation Financing Authority, which voted to approve the credit.”

But the main beneficiaries will be rich people, such as Tesla founder and billionaire Elon Musk; and rich people who purchase the expensive cars.

The tax credit is especially welcome to Tesla’s investors after their stock tanked Friday following news a Tesla car’s meltdown in a garage in Irvine, against which the firm is fighting back.

But the question arises: If tax credits for Tesla create jobs, why not tax credits — or cuts — for everybody?

 

3 comments

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  1. Donkey
    Donkey 22 December, 2013, 09:32

    The little folk in the private sector are not the chosen ones that Lockyer is catering to John.

    You can ask questions like, How are inexpensive housing prices not good for the average citizen? The response you will get from the RAGWUS feeders and their controllers is that you need high housing prices to extract the most possible from property owners in order to feed the RAGWUS machine.

    You can ask, Why is it that the police have a different set of rules when they murder a citizen? The answer you will receive is – They have a really tough job and being able to murder a citizen in direct violation of the Constitution is needed to induce compliance.

    What you have hit on here John is the way the game is played. The politicians, their cronies, the RAGWUS and its myriad of bureaucracies-including their unions, have been working together to steal all the wealth they can from the private sector, and they are at the point now where California is beginning to cough uncontrollably. Most people think is just a little cold, but it is actually the Spanish Flu!! 🙂

    Reply this comment
  2. LetitCollapse
    LetitCollapse 22 December, 2013, 15:12

    Look, it’s not hard to figure out how the American system operates. It’s not rocket science.

    Which Americans prospered during the largest economic meltdown in the history of the world? Answer: Those in the top 5%-10% of the nation’s economic class. The same ones who caused it. lol. The ones who caused it got bailed by the gov. Most everyone else was left holding the empty bag.

    Did government workers suffer as a result of the meltdown? Very very few. The LARGE majority kept their jobs and their pensions. The 3%@50 pensions that have drained so much of the public treasure were kept intact. Every single time there was a threat to layoff teachers or cops the news media came to their rescue telling us that we had to ‘save the children’ with increased taxes so the teacher and cop jobs were secured. lol.

    Yet when millions were laid off in the private sector the media was largely silent. When a tech company laid off 5,000 workers in one day there’d be a small 2 paragraph article on Page 8. lol. The unions don’t only own the pols. They own the media too. It’s disgusting.

    America is turning into a nation of Kings and Queens and peasants. The middle class is slowly being destroyed. Poor people are easily controlled.

    Reply this comment
  3. Queeg
    Queeg 23 December, 2013, 13:41

    Collapse

    Try and have a Merry Christmas and find personal peace from your many perceived demons!

    Start by wishing good cheer for my boss Ulysses and affable Ted….

    Reply this comment

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Tags assigned to this article:
Bill LockyerJerry BrownJohn SeilerProp. 30Tesla

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