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Re: Newsom signs $25 minimum wage law for all hospital workers, finds out afterward it will cost California $4 billion 

By: Decomposed in 6TH POPE | Recommend this post (2)
Mon, 06 Nov 23 8:43 PM | 39 view(s)
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Msg. 47236 of 58582
(This msg. is a reply to 47231 by micro)

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micro:

Re: “No wonder the motto for California is "The Bankrupt State" or should be....”
Or will be.

Unlike the Federal government, California can't just print money on a whim. It has to tax and sell bonds. As the state's debt mounts, the rate it offers on those bonds has to climb. And as for the taxpayers, they're abandoning the state in droves. California is a state with SERIOUS financial problems! That's probably why Newsom doesn't want to be its governor for much longer. Why deal with such things when, as President, there is no limit to what he can spend?








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The above is a reply to the following message:
Re: Newsom signs $25 minimum wage law for all hospital workers, finds out afterward it will cost California $4 billion
By: micro
in 6TH POPE
Mon, 06 Nov 23 3:39 PM
Msg. 47231 of 58582

WHAT does it cost the State?

Only an ignorant moron would ask such a stupid question.

It doesn't cost the STATE one freaking dime..

The taxpayers that actually pay taxes whether income or Real estate are the ones who will be footing this added expense of passing out money like it is candy...

No wonder the motto for California is "The Bankrupt State"
or should be....


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