Posted on 03/25/2011 10:33:04 AM PDT by twistedwrench
California's debt to the U.S. for covering its unemployment checks the last two years could reach $13.4 billion by the end of the year. If the loans aren't repaid by November, a payroll tax will kick in. It starts at $325 million next year and could rise to $6 billion.
(Excerpt) Read more at latimes.com ...
I might be wrong but wasn’t it the Commie ‘RAT politicians in WASHINGTON D.C. who kept extending unemployment benefit extensions? Pelosi, Reid, and the rest of their hammer and sickle crowd?
One minor problem with this, what happens to all the remaining companies in California when even the moving companies are driven out-of-state?
Their assets are confiscated, the owners are publicly hanged as capitalists and kulaks, and the rest of the population is enslaved to the ruling class.
No problem, I’ll just lay off a few more people adding to the problem. These people are doing this on purpose.
Is it a trick question? Their cost of doing business goes down.
So after having California natives talk down to me, treat me like I’m stupid, sneer and mock me when I warned them this was coming I can only say: HA!
As a California native and a California employer, I agree with you 100%
When the unemployment insurance per employee, exceeds the wages per employee, there will be NO EMPLOYERS, left in Comifornia.
They ought to go back 30+ years in the California legislature and find who voted to use our tax dollars to pay for anything that supported illegal immigrants as well as voted to use tax dollars in any fashion to gain favor in order to get reelected. Then everyone of those SOBs should be forced to forfeit their entire wealth and holdings to the pay the state back. This would include Brown and Davis. I know, the world isn’t perfect.
Employers in the People’s Democratic Republic of Kalifornia are welcome to move to Georgia as long a you bring jobs and capital with you.
Please leave most of the Kalifornians behind, though.
Just more incentive for those employers to pick up and leave the state
We have already paid, the problem is that there are hundred of thousands of government employees being paid for life to hand out money to people who never paid into the system.
Triple negative revenue.
I know your right, but to what end? A state with a 3rd world populous and no tax base. It doesn’t make sense, yet look at the CARB regulations, AB32 mandates, pure destruction of California's economy.
Oh weely?
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