Which Way, L.A.?
How Will Increased Sales Tax Affect Car Sales in California?
It’s no joke: the state sales tax goes up tomorrow. What will that mean for car sales and local government? Will California get as much new revenue as the Governor says it will? On our rebroadcast of today’s To the Point, cozy relations between Wall Street and Washington make the US look like Argentina, Russia and Indonesia. So says a former chief economist for the International Monetary Fund. We talk to him about “financial oligarchs” with too much political power.
By Warren Olney • • 1h 0m ListenIt’s no joke: the state sales tax goes up tomorrow. What will that mean for car sales and local government? Will California get as much new revenue as the Governor says it will? On our rebroadcast of today’s To the Point, cozy relations between Wall Street and Washington make the US look like Argentina, Russia and Indonesia. So says a former chief economist for the International Monetary Fund. We talk to him about “financial oligarchs” with too much political power.
In this episode
2 storiesIs the US Becoming a Banana Republic?
Argentina, Indonesia, Russia and other so-called “emerging economies” have followed a pattern that’s all too clear to officials of the International Monetary Fund. Entrenched financial elites take too many risks during good times, and when times go bad they can’t pay their debts.
Read the story25 minHow Will Increased Sales Tax Affect Car Sales in California?
Billboards, radio ads and reminders by mail are urging California consumers to “Buy Now,” before the state sales tax goes up tomorrow by one cent on the dollar. We look at tomorrow's tax increase and its possible impact on California.
Read the story26 min
