And the rest of the country will have to foot the bill because you know Obama is not going to let California go belly-up.
Too much government has the uncanny ability to stifle and kill business and commerce.
I can not believe that this is legal... So it will be interesting to see how this plays out in court. Unfortunately, most of the business hit with it won't be around to see the end of the case years from now because they will probably get their credit ruined by tax liens filed on taxes they didn't legally owe, and collection attempts which will likely include things like seizing assets and bank accounts....
The FTB is as much a group of storm troopers as the IRS ever was. They will RUIN you if they can.
Yes... we have had the kinder gentler IRS for about a decade now but I expect that to change. Storm Troopers is definitely a good description of most revenue collection agents.
Sure looks like California is trying to drive out businesses.
California wil be an accelerated model of disaster that will be a fairly accurate forecaster of what will happen to the entire nation in time.
At on point in time California had a vibrant economy now it's heading for the cellar and the spending habits of the State have not changed, the problem is that when, not if, California goes into the crapper completely there's a chance that it will drag others down too. That will be bad.
