You're right, I don't. They should rein in their spending if they are spending more than they are taking in.
The thing is, California's inflation-adjusted property taxes have been in steady decline for a long time due to Prop 13. Because California is more dependant on income and sales taxes than other states, it means in an economic slump they see an even larger drop in revenue than most states.
Simply curtailing spending accordingly is not that practical as it would entail periodic large layoffs of state workers. Would you like to see a surge in public school class size, deferred maintainance, and massive prison overcrowding (or early release) every time there's a recession?
California either needs to run periodic defecits or else institute a reform of Prop 13, but that's a political sacred cow.
Carriers generally LOSE money on the phones. A phone with more whiz-bang features is a more expensive phone they have to subsidize. Carriers make money off of charges for using the network. The reason all the carriers are promoting picture phones is because they're hoping you decide to use your fancy new picture phone to send and recieve pictures over the cellular network, which they can charge extra for. That's the same reason they were heavily promoting downloadable ringtones and games last year. All carriers make money off of is your use of the network. The phones are just a nuisance from a carrier's point of view.
I don't think so. What would really happen is that all those 10 men would all use nets and the village would catch 100 fish per day. For a while they would be rich from exporting the surplus, but eventually they would deplete the fishing stock and then the village runs out of fish.
Slashdot Mirror
You're right, I don't. They should rein in their spending if they are spending more than they are taking in.
The thing is, California's inflation-adjusted property taxes have been in steady decline for a long time due to Prop 13. Because California is more dependant on income and sales taxes than other states, it means in an economic slump they see an even larger drop in revenue than most states.
Simply curtailing spending accordingly is not that practical as it would entail periodic large layoffs of state workers. Would you like to see a surge in public school class size, deferred maintainance, and massive prison overcrowding (or early release) every time there's a recession?
California either needs to run periodic defecits or else institute a reform of Prop 13, but that's a political sacred cow.
Carriers generally LOSE money on the phones. A phone with more whiz-bang features is a more expensive phone they have to subsidize. Carriers make money off of charges for using the network. The reason all the carriers are promoting picture phones is because they're hoping you decide to use your fancy new picture phone to send and recieve pictures over the cellular network, which they can charge extra for. That's the same reason they were heavily promoting downloadable ringtones and games last year. All carriers make money off of is your use of the network. The phones are just a nuisance from a carrier's point of view.
I don't think so. What would really happen is that all those 10 men would all use nets and the village would catch 100 fish per day. For a while they would be rich from exporting the surplus, but eventually they would deplete the fishing stock and then the village runs out of fish.