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Political Discussion
Reply to "Oh California"
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[quote=Anonymous]Politics aside, Ca is still a very desirable place to live, and full of wealthy people that will buy up any properties that go into default, and gladly pay the taxes. The value is in the land. And, if there is a short term funding issue, Ca will simply sell more bonds, or raise the income tax rates. The wealthy people want to be there, and will pay for the privilege. All this did, was shake out the weak hands, in favor of more concentrated wealth.[/quote]
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