California Chutzpa

http://www.qando.net/?p=3954 ^

[chessplayer]

The disaster that is California government has now turned into the theater of the absurd:

Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but refuses to accept its own IOUs to pay debts or taxes.

[bareford101]

This meets the classic definition of Chutzpah, as explained by Leo Rosten in the Joy of Yiddish:

“Gall, brazen nerve, effrontery, incredible “guts”; presumption plus arrogance such as no other word, and no other language, can do justice to. A Chutzpanik may be defined as the man who shouts, “Help! Help!” while beating you up.”

[TCats]

Truly astounding. Besides Chutzpah, I would call it theft. Take money from you in taxes and then repay you with scrip that cannot be negotiated.

[allmost]

And here we have California issuing, what to this point are absolutely valueless promises to pay – maybe – and then expecting those in receipt of those worthless bits of script to treat them as real money and to pay taxes on the amount in real money.

That's astonishing. Here's some scrap paper. Give me money. It's outright seizure of wealth. How very leftist of them.

[bytesmith]

Obama is upset he did not think of this first.

[allmost]

Well, I've seen multiple trends that started in California adopted nationwide. The Federal government, at this point, is simply printing money. Analogous to turning Dollars gradually into the worthless IOU’s discussed here. A comparison in principle could be drawn.

[benewton]

I guess that I simply do not understand the problem.

While you do steal half of my pay, you don’t get to do that until I have the money in hand. Promises don’t count.

So, if you don’t pay me, how could I “owe” anything???

End of story.

[schu]

It would not surprise me if the same happened at a federal level. You will be “asked” to “loan” your 401K and savings to the feds to get us out of a “temporary” crisis. When payback time arrives, they will send you government script unusable anywhere or worthless bonds.

Not so funny really.

schu

[allmost]

The state shouldn’t be entitled to take while issuing garbage notes. If someone works a 40 hour week for instance. When Friday or whenever comes around should the employer give them monopoly money and expect them to pull cash out of their pockets to pay taxes on their check?

[altair]

When Friday or whenever comes around should the employer give them monopoly money and expect them to pull cash out of their pockets to pay taxes on their check?

The way tax laws are currently written (thank you FDR and the Democrats!), yes.

[Tom Hawks]

Stunned, but when I think of that state on the left coast i really am not surprised.

[Tolkien]

Wasn't it Sean who begged Californians to vote for Arnold because he had an "R" by his name?

Grey Davis has to be laughing his ass off right about now.

NO MORE RINOs!

[JerseyHighlander]

"It would not surprise me if the same happened at a federal level. You will be “asked” to “loan” your 401K and savings to the feds to get us out of a “temporary” crisis. When payback time arrives, they will send you government script unusable anywhere or worthless bonds." ---------------- Economists call it the "Argentina Solution". Of course Argentina has had to do it twice already in a generation. Those who were victims of both confiscations were left with less than 7% of their pensions before calculating the many years of hyperinflation.