Originally Posted by
Phil Thien
$750 billion to $1 trillion (CA debt alone) / 38,000,000 (the population of CA) = $20k to $26k of debt for every single man, woman, and child living in CA.
Of course, many residents (children, many of the elderly, etc.) can't/don't contribute anything towards those obligations, with analysis conducted at the University of CA indicating that the obligation is in excess of $100k for each person that actually does pay taxes in any significant way.
Laugh it up.
And this is all because the San Francisco Fire Department is using wooden ladders in some Socialist plot to destroy America?
Of course it couldn't have anything to do with the state treasury having its revenue reduced drastically by those who made sure the super wealthy didn't have to pay as much of a percentage of their income in taxes as the rest of us do.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)