California tax refunds

misshestermoffitt

misshestermoffitt

New Member
I know what you mean, there are families around here that have been on welfare for generations. People who grew up on welfare raised their kids on welfare and now their kids are having kids and living on welfare. That is crap, but sometimes people do need it for temporary assistance.

There should be a time limit, like 6 months, then you can file for one extension if you can prove that you've been looking for work or something.

We need to let these big corporations sink or swim too. I don't agree with bailing them out. I know the people who work there need their jobs and everything, but why should the poor choices of their management be allowed to touch everyones life.

We've been struggling the middle class struggle for over 20 years now. I'm hoping Obama comes through with his promise of a middle class tax cut. I know we could use it. By the time we've lived in our house for 40 years, we will have paid more in property tax than what we paid for the house itself. Now that's a crock of shit.......
 
purplekitty7772008

purplekitty7772008

Well-Known Member
Exactly. There are way too many people who are on
it that don't need it. I understand how many people

need it for temporary assistance, but thats what its
supposed to be, temporary.

Remember that Aunt I was telling you about, well yeah,
I really have to give props to her 2 eldest daughters. One
moved out to Texas and works out there, and the 2nd
one was on temporary assistance, but is now a Medical
Assistant. She worked and went to school and took
care of her baby. Now thats will power if I've never seen it.

I'm really proud of her for not following in her mothers
footsteps. It just proves if you really want something
enough, you can get it.

I feel bad for the people who work for the big corporations,
because its not like they can afford to go on strike to get

these CEOs and managers to get their act together since
they've already taken wage and benefit cuts.

and yeah, I hope Obama can at least help us with
tax cuts.

Its like we're born into debt here, it sucks.

And sorry about the property tax, it must really
suck salty balls. lol.


misshestermoffitt said:
I know what you mean, there are families around here that have been on welfare for generations. People who grew up on welfare raised their kids on welfare and now their kids are having kids and living on welfare. That is crap, but sometimes people do need it for temporary assistance.

There should be a time limit, like 6 months, then you can file for one extension if you can prove that you've been looking for work or something.

We need to let these big corporations sink or swim too. I don't agree with bailing them out. I know the people who work there need their jobs and everything, but why should the poor choices of their management be allowed to touch everyones life.

We've been struggling the middle class struggle for over 20 years now. I'm hoping Obama comes through with his promise of a middle class tax cut. I know we could use it. By the time we've lived in our house for 40 years, we will have paid more in property tax than what we paid for the house itself. Now that's a crock of shit.......
Click to expand...
 
TheBrutalTruth

TheBrutalTruth

Well-Known Member
purplekitty7772008 said:
Exactly. There are way too many people who are on
it that don't need it. I understand how many people

need it for temporary assistance, but thats what its
supposed to be, temporary.

Remember that Aunt I was telling you about, well yeah,
I really have to give props to her 2 eldest daughters. One
moved out to Texas and works out there, and the 2nd
one was on temporary assistance, but is now a Medical
Assistant. She worked and went to school and took
care of her baby. Now thats will power if I've never seen it.

I'm really proud of her for not following in her mothers
footsteps. It just proves if you really want something
enough, you can get it.

I feel bad for the people who work for the big corporations,
because its not like they can afford to go on strike to get

these CEOs and managers to get their act together since
they've already taken wage and benefit cuts.

and yeah, I hope Obama can at least help us with
tax cuts.

Its like we're born into debt here, it sucks.

And sorry about the property tax, it must really
suck salty balls. lol.
Click to expand...
I got a cousin that purposely got pregnant (poked holes in the condom) for the welfare benefits...
 
purplekitty7772008

purplekitty7772008

Well-Known Member
you're damn right. +rep.

TheBrutalTruth said:
Lol, neither do I, but its one of those really fucked up abuses of the system.

Of course, she might be what have caused me to question welfare.

I can agree with temporary assistance, but at some time Uncle Sam needs to put his foot down, and say that it's time to learn how to fly...
Click to expand...
 
diemdepyro

diemdepyro

Well-Known Member
Parasites that abuse the system take and take. Multi-generational welfare recipients.
Only the experts know how to use the system.
This is why people die of exposer in the streets of America.
 
misshestermoffitt

misshestermoffitt

New Member
Back to the tax IOU's for just one second. If someone receives a tax IOU, can we see a pic of it. I'm really curious of what it's going to say on it.
 
TheBrutalTruth

TheBrutalTruth

Well-Known Member
misshestermoffitt said:
Back to the tax IOU's for just one second. If someone receives a tax IOU, can we see a pic of it. I'm really curious of what it's going to say on it.
Click to expand...
Probably the same as our currency. This note is good for payment of debts, public and private. The only difference will be that it's signed by the Treasurer of California, and the Governator...

Though I don't see how an IOU a tax rebate is going to help, unless there is a secondary market... DAMN IT! I wish I was in Cali right now...
 
misshestermoffitt

misshestermoffitt

New Member
I doubt it, if you sent your state IOU to the federal government as an IOU, they'd freak out. They know that IOU is worth less than toilet paper.
 
TheBrutalTruth

TheBrutalTruth

Well-Known Member
misshestermoffitt said:
I doubt it, if you sent your state IOU to the federal government as an IOU, they'd freak out. They know that IOU is worth less than toilet paper.
Click to expand...
If the state is willing to let them be traded and then recognized as a legal method of abrogating debt owed to the state then I think there would in fact be a secondary market.

Of course, seeing as how the States are prohibited from issuing a paper currency there is a potential that the Federal Government would try to prohibit any usage of the IOUs that way. If California was however able to argue that it is not currency, per se, but just an acknowledgment of debt, and thus dodge the currency issue there is a real potential for a secondary market.

So maybe I don't wish I was in Cali, too many ifs, but if California does state that it will allow people to trade these Rebate IOUs to other people for cash, and honor the IOUs regardless of who presents them, then there is a real chance that it'd successfully (and quite accidentally) set up an alternate currency which is similar to the Tally Stick system of the United Kingdom (Really interesting stuff.)

Thus, instead of IOUS that are between the Federal Government and the Banks, you would have IOUs that are between the State Government and the people, which makes for a much better currency than one controlled by the banks.

If California handles it correctly, it might be able to use the issuance of these IOUs to push its economy up a little, and thus slowly dig itself out of a hole. Unfortunately, once it realizes that it can issue these it will likely continuing issuing them, making them worthless after a certain time span, but the problem right now is that there is a severe credit shortage, so if California does allow them to be recognized as being as good as cash it might be able to use them, to repeat myself, to boost its economy.
 
misshestermoffitt

misshestermoffitt

New Member
but wouldn't printing IOU's that can be used as legal tender be the same as counterfiting? What's to stop the rest of the states from printing up their own money?
 
TheBrutalTruth

TheBrutalTruth

Well-Known Member
misshestermoffitt said:
but wouldn't printing IOU's that can be used as legal tender be the same as counterfiting? What's to stop the rest of the states from printing up their own money?
Click to expand...
Well it's not really counterfeiting, but it is unconstitutional (No state shall issue bills of credit) but since the states have already been doing that that's largely irrelevant, but there is another clause (coin Money;) that specifically prohibits the coining of money. There's also a third (make any Thing but gold and silver Coin a Tender in Payment of Debts) but if the State does not prohibit people from using the IOUs as currency it could potentially sidestep the issue, and with our financial markets being what they are it would not surprise me if there are not offers made to purchase the IOUs for some fraction of face value (maybe a 10% depreciation.)

Of course, there is also another reason for California to stand aside if a market is established for them. It gives the IOUs the power to become a form of currency. How long it might last, I wouldn't care to hypothesize, because there is still the Federal Government to be concerned with.

Then there's the question of whether or not merchants would actually allow them to be used as money, and if they are of drastically different amounts ($100 - $533 - $2,342) then it causes problems with ease of divisability. Though if the state wastes a little bit of money, and prints up whatever it needs to issue the Rebate Notes in fixed units, then it is possible that they will circulate as currency, and right now that is something that the economy needs, more currency circulating.
 
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