California sending out ‘inflation relief’ checks

It should be illegal for government to send money to an individual except for three exceptions.

1. The people are employees so they must receive salaries.
2. The government wants to buy something from them. Payment is appropriate.
3. People should receive tax refunds for tax over-payments withheld by government.

Anything else goes beyond the the appropriate role of government at every level in my view. What California is doing is future vote buying. We the people are stupid if we support it.

 

Good for California. That relief will cause more price inflation because people will have even more money to chase the same goods and services. I swear if you wanted to design a war on the poor, you couldn't come up with a better strategy than California uses to "help" them.

 

It isn't about helping anybody. It is about buying future votes.

 

Ur against lower taxes, or credits?

 

You think California prints their own money?

 

Eureka - Inflation solved!

 

By that logic you are saying lower taxes is a bad thing.

 

Get your money back from government first, then complain about it. Deal?

 

I would not wish to cause others harm even if I was not affected. Usually, genuine concern is exploited by politicians. I guess in your case, there is no concern for others to exploit. At least you're honest about it.

We are taxed a percentage based on brackets. I paid more in and do not "qualify" to get any of my own money back. This is buying votes with stolen money.

How about remaining emotionally neutral while realizing that when taxes are lowered, you keep 100% of the difference. When money has to flow through the circuitous government machine, a large percentage gets stuck to the many government fingers passing it along.

What percentage of your annual income is $350? What is the rate of inflation in CA?

Im no accountant, but this is a net loss. This is one of the reasons CA leads the nation in poverty.

 

Of course not. But they get money from fedgov which prints money.

 

Keeping what you earned is never a bad things. Newsom could have lowered taxes but he didn’t. He’s going to tax the same money he’s mailing to people which came from the taxes they paid to him, which like I said, he’s going to tax once they get it.

 

When taxes are lowered, you get to keep 100% of the difference. When money flows through the circuitous government, much of it sticks to the many fingers passing it along. Those that paid more are being forced to hand over their money to those who put in less. This is no more of a tax cut than the yellow drops landing on our heads is rain.

Do you see the difference?

 

All States do, but who says this is Federal money? Lot of States have surplus this year because of house prices have appreciated a lot, which boosts property tax revenues.

Even Florida passed biggest ever budget, and they created 149 new laws while they were at it.

 

California has over 100 Billion in pension liabilities and hands out 1K checks to combat inflation? That is liberal monetary policy at work. Well, when all the CA public sector workers retire and get [deleted] out of their retirement, I hope the rest of the country does not have to bail them out.

 

So you make enough that you don’t need inflation relief. So what’s the issue? Be happy.

 

I didnt say it was. But I bet it is.

 

I described the issue.

 

Let do another 3 rounds of inflation money Yaaaaaaaaaaaaaaaaaa!

 

Famous last words of the soon homeless and hungry

 

EVEN IF I DIDN'T I wouldn't encourage it because nothing good will come of it! It will simply add to the already inflation creep we are witnessing already..

 

Right on! I gave all mine to Cowboys Against Cancer.

YOU?

 

Clearly you are not up on inflation and lowering tax's Surely you have read the Feds want to raise the prime to pull back some of stimulus money that sent us into inflation..

Listen to your President for God sake, you elected the guy!

Biden concedes his COVID stimulus checks fueled spike in inflation

 

LOL

You probably paid....what....$500 in taxes to get that $350 back?

But sure, refer to it as 'a few extra bucks' if it helps you sleep at night.

 

I find it weird that alt-right complains about California giving back some of their tax surplus. What would they do with it? Divide it between the lawmakers?

Heck California has $91 Billion surplus, and most States had surpluses too. So, they are refunding $17B in form of inflation relief, and the rest are spent on infrastructure (schools, roads, hospitals, etc). So deficits are bad, and surpluses are REALLY bad. Go figure.

Where are the funds for these inflation relief payments coming from?
These payments, designated as tax refunds, are coming from the state's historic $97 billion budget surplus.
https://www.cbs8.com/article/news/local/ca-families-could-receive-up-to-1050-in-inflation-relief/509-2336aa16-2693-49ac-9822-d62f7964c7d3#:~:text=Where are the funds for,historic $97 billion budget surplus.

 

states don't print money