Name:   MartiniMan - Subject:   Here's how crazy and stupid this idea is Date:   3/15/2023 10:27:44 AM

About 1 to 2 years ago Taxifornia had a budget surplus of around $100B (mostly due to Fed'l ChiCim virus money).  Today they are in the hole to the tune of $22B due to their socialist nonsense spending.  However, based on census data, the state currently has around 2.3M black citizens that would apparently be eligible.  Of course if these nut jobs actually passed reparations the number would probably go to 20M overnight.  So just based on a proposed reparations of $360K and the current number of black citizens in the state it would cost a paltry $648B.  Bump the number to $5M each and it comes to the tidy sum of $1.2T.  That's $1,150,000,000,000.

Now bear in mind, unlike the Federal government a state can't print money so their only recourse is to either raise taxes or issue bonds.  Call me crazy, but a state that is losing taxpayers in droves who are being replaced by illegal aliens, homeless, etc. would not be exactly ripe for a AAA bond rating......more like D- and an interest rate of 15% which they would default on if anyone was stupid enough to buy them.  Also, bear in mind that the total annual budget for the state is around $200B so this one proposal would cost anywhere from 3 to 6 times it's annual budget.  This is why you can't trust leftists with the reins of government.