Posted on 10/07/2022 1:06:42 PM PDT by Oldeconomybuyer
Approximately 700,000 people in California will receive cash deposits from the state on Friday as part of an effort to help residents deal with the rising costs of goods due to inflation. Friday's deposits are just the first round of what will eventually be millions of payments between now and November.
The state estimates that 23 million Californians — more than half of the state — will be eligible for payments. To qualify, residents must have completed a 2020 California tax return and make no more than $250,000 individually or $500,000 if filing jointly. (All numbers listed must reflect filer income in the 2020-2021 tax year).
The first wave of direct deposits will be sent to filers who completed their tax return electronically and qualified for last year's Golden State Stimulus. There are 4.6 million payments of this type, with the 700,000 Friday payments representing just a sliver of this phase. The state expects to have the 4.6 million payments completed by Oct. 25.
The state will then move on to electronic filers who did not qualify for last year's payments. There are approximately 3.4 million payments of this type, and the state expects to have them completed by Nov. 14.
Finally, those who filed their tax returns by mail will be sent a debit card in lieu of a direct deposit. Roughly 10 million debit cards will be mailed beginning Oct. 25.
(Excerpt) Read more at sfgate.com ...
This is criminal.
Printing money and giving it away... To fight inflation.
GWB tried something similar in 2006.
He got crushed in 2008
Huh? W didn't run in 2008; he was termed out. McCain got crushed.
It is blatant evidence that the Cloward-Piven strategy is alive and active, almost run amok dontchaknow.
YOU just get to pay for it.
Dope shops are gonna be BOOMING!
.
I wonder what they’ll blow it on. Trips to Disneyland or a Disney cruise.
Is this throw away money the Feds gave California from the 1.9 trillion dollar covid giveaway in 2021 or the 1.1 trillion infrastructure throw away money the Dems voted in 2022. Since when is throwing money from helicopters to buy votes considered building infrastructure?
“Here’s some free money to help cope with the inflation we caused by giving away too much free money...”
Is this throw away money the Feds gave California from the 1.9 trillion dollar covid giveaway in 2021 or the 1.1 trillion infrastructure throw away money the Dems voted in 2022? Since when is throwing money from helicopters to buy votes considered building infrastructure?
Gas
This should end well...
All that covid money being thrown around.
250K? Jeepers I make 85K and I am upper middle class and live in a very nice lake house. Where is this free money coming from?
You can make a half million a year and still get a handout? Lolol.
All of us are on a forum located in California.
All of us self-identify as Californians.
Send us the money.
Now.
Is we gettin’?
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