Monday, February 02, 2009
California, the paper state
California taxpayers who are owed a refund on their state tax payments will get an IOU instead. California, the paper state.
Years of blow-the-dough projects, welfare for illegals, and anti-business regulation have left the once-Golden State broke and knocking at Washington's back door asking for handouts. California, the pauper state.
My question is this: If it's legal for California to delay repaying its residents their own money that they unwillingly lent the state, can residents who owe taxes and are down on their luck send IOUs instead of payment?
That would be poetic justice.