California May Run Out of Money

Discussion in 'Lakers Skybox' started by Really Lost One, Dec 10, 2008.

  1. Really Lost One

    Really Lost One Suspended

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    http://news.yahoo.com/s/csm/20081210/ts_csm/abellyup

    It's a long article. Long story short, probably not good for Californians unless you are a movie star...

    Just wondering, if California runs out of money, it means higher taxes and stuff right? What else will happen?
     
  2. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

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    They'll take Shape's money.
     
  3. YehYeh

    YehYeh netsnut

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    Not really a problem. California will just tag a rider onto the auto industry bailout bill in congress for a $100 billion more or less.
     
  4. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

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    Yeah I'm trying to figure out other deductions I can take.

    California is always running out of money and broke. A few things are likely going to happen.

    1. Increase in DMV fees to renew your car. Prior to Arnie I think it cost $600 to $700 for a DMV renewal?
    2. Increase in sales tax to 9.25%
    3. Increase in property tax

    Apparently here in the OC they've had a surge in early property tax payments. However there's also been an increase in people using their credit cards to pay their property tax. I've never understood why they allow that in the first place.
     
  5. huevonkiller

    huevonkiller Change (Deftones)

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    Glad I live in Florida. :]
     
  6. bbwtrench

    bbwtrench BBW Member

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    $600 bucks for DMV renewal? Are you insane!! Take the damn bus!!! haha. i'm glad I live on GUAM.
     
  7. Yournewchef

    Yournewchef Whippin up a cake.

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    One of the biggest problem is that CA is giving way too much money to illegal immigrants, giving them benefits they did not work for nor do they deserve. That's were a big chunk of this state's dollar is going to, aiding them instead of their own citizens. Higher taxes won't fix squat, you tax more and you just have more money to give to the illegals and these programs that aren't worth a shit.
     

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