Re: California passes NCAA Athlete Endorsement Bill
Posted: Fri Sep 13, 2019 1:16 pm
well travelled pony wrote:ponyte wrote:This hasn't got crap to do with athletes. It’s about taxpayers. California is in a financial bind and needs more tax dollars. What better source than kids. They get to pay huge tax rates if they are really special athletes and some taxes if just a so-so guy. Most athletes will get nothing of course but the state doesn't care about that. It only wants more money. These kids will not be a non-profit or state entity shielded from tax liabilities.
It may force big time college sports to face some type of consideration. Imagine all the sports (mainly women's but many men's as well) that do not benefit. How does the university deal with that? This may create two categories of college athletes with the majority being left behind financially.
What sounds like a great idea after a few drinks too many in Sacramento may turn out to be a nightmare.
Laughable statements. You might want to know facts before opening your mouth.
California currently sits on a $21 billion surplus. The economy boomed since 2011. You may disagree with Newsome, but he is no fool.
Go Ponies!
Your referenece to $30 billion in surplus was made by then Gov. Brown in a NPR interview and I quote, "By the way we not only have a $14 billion surplus — a rainy day fund that's locked in for uncertain times in the future — we have a $15 billion spendable deficit right now, and that deficit surplus. So yeah, there's a lot of money. We're talking closer to $30 billion." Nice semantic, but most would call that the usual provarication of politician. What the Freak is a "Deficit surplus"? Isn't that commonly called an oxymoron?
The Surplus isn't a goobernment design but forced on the California goobernment by Proposition 2 passed by the voters in 2014. It provides for a surplus and limits how much the goobernment can actual use and whenit can use the surplus. Please note Brown's first reference to the surplus and its limited use in the first part of his starment whcih ic actually the only true thing he says.
Thus, Your Beloved Gov. Newsome that wants to raise, amoung others, a health care tax, is doing so because he can't, by California Constitutional, law tap into the "surplus". The actual surplus is estimated to be far less than the $30 billion Brown so elequently created. It can and will be wiped out by a recession. To fund all the programs California wants to provide, tax revenue other than a limited surplus must be created.
I don't give a flying Freak at the moon about California and its goobernment. Or its govenor. I do hate it when politicians, ALL POLITICIANS, use canards and prevarication to out right lie to us!
Oh, and learn a bit more about California law and the limits Prop 2 puts on the Goobernment. You might actually sound like you have more synapses than an one cell ameba next time.