Posted on 05/13/2022 8:32:36 PM PDT by ChicagoConservative27
A lot of this surplus is based on employees of a handful of companies (Google, Apple, Facebook and Netflix) cashing out their stock... and owing capital gains tax thereon. That phenomenon is a windfall for the state, but it’s not necessarily a reliable source of revenue. Big Tech goes through boom and bust periods... and the top players of today are not necessarily the top players 20 years from now (cf. Intel, HP, IBM, 30 years ago).
Harvard’s endowment was over $53 billion when I last checked a few weeks ago.
Then send it back to the red states you stole from with the continual bailout of blue states. Medicare for illegals alone should be returned. Imagine the wall you could build with that.
china!
California with a budget surplus?
*cough* bulls**t! *cough*
It would certainly be interesting to see a real outside accounting audit, LOL! There’s no Fing way this is real.
So, in other words, CA really DIDN’T need to tax my HSA (the feds don’t), and CA really DIDN’T need to —
...and CA really COULD have built another huge reservoir someplace up in the foothills to capture Sierra runoff to meet the State’s water needs...
...and I bet next we’ll here that Rails To/From Nowhere is fully funded...
...and I just...
...cannot...
...even.
[Revelation 19:11 CANNOT come soon enough for me.]
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