The Worlds 10th largest economy (California) goes into default tommorrow (7/1/09)

Quote from number22:

There are gazillion people who want to come to California from 3rd world countries. In fact, there are so many illegal, soon CA will pardon them and then tax them. Wait, it already tax a lot of them.
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Illegals are generally poor. Poor people dont pay tax. And the rich people from 3rd world countries have no touble coming here. Its only the poor workers that have trouble getting in.
 
Quote from peilthetraveler:

My 2001 honda cost 160$ in may to register
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Okey, $100 to $160; my point was that the tax/fee is not flat.... Similarly, if you have a big expensive "ride", the taxes can be much higher. Personally, I think if they are gonna impose a fee, it should be collected via the gas pump in the form of a "user tax"...
 
I am wondering how long these non-payment of funds will take to trickle down into the economy. 1 month? 2 months? I mean CA stops paying...then the people that they were supposed to pay stop buying stuff or paying bills which means less revenue which means less taxes which means more death spiral.

CA is collapsing and nobody notices yet.

Oh and i was wrong about something...California (if it was a country) is not the worlds 10th largest economy. Its the 8th! (per CIA factbook) Right between Italy and Russia.

Maybe one of the Mods can fix the title.
 
Quote from QQQBALL:

Okey, $100 to $160; my point was that the tax/fee is not flat.... Similarly, if you have a big expensive "ride", the taxes can be much higher. Personally, I think if they are gonna impose a fee, it should be collected via the gas pump in the form of a "user tax"...
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They are I believe. Its supposed to be a 9.9% tax
 
Quote from peilthetraveler:

"... Its only the poor workers that have trouble getting in.
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Must have found a BIG hole in the fence... for 20 Million of them to get through..
 
Quote from peilthetraveler:

They are I believe. Its supposed to be a 9.9% tax
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.12/Gallon and its already been imposed, from what I understand.
 
Quote from Scataphagos:

Must have found a BIG hole in the fence... for 20 Million of them to get through..
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Well i know back in 2008 they were talking about building 700 miles of new fence...but that still left 630 miles(or 1000 kilometers) of unfenced border.

So yeah...630 miles of unfenced border is a BIG hole that 20 million people would have no trouble getting through.
 
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