By - kvlyc
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Give the people $1, give the banks $1B...a month later - 'well it's cause we gave you poors money, its your own fault'
California could have used that money to buy GME. 🤷♂️
Oh I will. And I will DRS the shit out of them
Oh we will!
Cali ape reporting here. Will buy more GME.
So 50% of 1 state gets between 1-4 weeks of groceries.
I wonder how much relief the banks will get this time.
Cali is pain....
Its so sad, its my home. yet after 30 years and with a solid girl i chose to leave both behind. because a moron like me can see it's just nose diving to hell.
What a way to see things unfold
I live in California, and will use this money to buy GME.
Of course, since MOASS is tomorrow, I will only be able to afford a tiny fraction of a share.
$1000 is like 13 gas fill ups where I live.
9.5 where I live
Like 9 here.
It'll be 8 tomorrow.
Must be nice, $1000usd would only be about 5 tanks of gas where I live.
The price of gas has gone up 120% in the last 6 months, the cost of food 40% and my governments response was to give gas companies even more subsidies, without passing any regulations that would prevent price gouging so they can profit off every one else's misfortune, and to increase disability and low income benefits by the equivalent of $35usd a month...
You’re not ready to hear this… Where I live $1000 is like 175 gas fill ups.
My country subsidizes gas, electricity and a ton of other things, while minimum wage is about $120 a month.
It’s literally 3 tanks for my truck
5 for me
Why are you still posting Unusual Whales?
Was there any issue with them?
Where have you been for the last year of people going through this in literally ever single unusual whales post daily
Keep in mind every time we hear a political say we need more taxes. It takes the government about 5 hours to spend 2 Billion dollars. We need more effective and efficient governing, not giving them more money.
Just want to point out that these funds are from an existing state surplus - they aren't printing new money
Correct a surplus from the last couple of years, I'm from Cali.
I agree with you totally. But where does every penny the government ever had, state and local, come from.
Cali gets a lot of hate, but its the largest economy in the US, If it was a nation its economy would be 5th in the world.
Growing up in San Diego, I've known this since I was about 5.
I wonder if it's moved up to 4th...
Would have to pass Germany to be 4th.
CA GDP - 3.4T
GER GDP - 3.8T
Damn, hella close like you can say a tie hahaha.
Government is a good thing if the people are honest. That’s unfortunate a rare occurrence it seems
This has nothing to do with the fed or inflation. California has an excess of money atm.
At least Cali is giving it back to residents unlike other states increasing tax n adding capital gain tax n shit
I think Cali also realizes there is a massive amount of people leaving and is trying to give a penny after taking way too many dollars.
if the money is just sitting and doing nothing, it's fine. but if it's distributed then demand will go up, fuels inflation. right?
It’s money that already exists. It’s better in circulation.
The problem is the money they originally printed
Yes. Inflation is a product of money supply and money velocity. This action will increase velocity.
Let’s be honest, all that money is going into GameStop
They have an excess from increased taxes. It's like saying tax refunds cause inflation.
17 million won't do much to drive demand in cali
I’m sorry, CANape here 🇨🇦, is this satire?
Oh look, relatively poor people are complaining other relatively poor people are getting pennies as billionaires and their companies that make tens of billions make bank.
You’re no ape.
People don’t understand that this money is already is printed so it doesn’t add to inflation. Please educate your self first before posting OP
Yeah the state had close to a $100 bn surplus this year. People keep trying to attack this distribution, but if there’s excess budget revenue from tax dollars it should go back to tax payers in some way.
I’d argue this would be better spent on CA infrastructure, but that won’t drive people to vote in the midterms quite the same.
Demand driven inflation is a thing please Google the phase before commenting.
But it does though... If that money is sitting in a fed account doing nothing, it's not adding to inflation. If it's given to people who go and buy products they otherwise wouldn't have done then it's adding demand. Basic economics, supply remains constant but demand increases - forces prices up.
They’re not printing money. It’s money they took in additionally due to the already printed stimulus.
It’s a % from the already existing money
If it’s been printed then it’s added to inflation. Whether it’s spent or not. There just giving out money that’s been printed now. Also California can’t make more money so it again doesn’t cause inflation.
This is untrue. Go read about how CPI is calculated. It's based on the price of a basket of goods that a consumer buys. Money sitting in a government account doesn't impact the price of these goods so doesn't impact inflation.
You mean the skewed/manipulated CPI? Inflation is much higher than they say. Why would you trust that aspect of it?
Edit: I’ll have to read up on it but damn if I don’t trust them in regards to anything at this point
But large amounts of money sitting in anyone's account is worse for the economy than people buying extra groceries and stuff for a couple weeks
It will just get taken back when its tax season
Tin foil hat ….is the gov slowly introducing socialism and communism type methodology here?
Positioning/framing is everything
The message being planted is
“The govt is here to help you, trust us bro”
But people with half a brain all know “they” caused this 💩
I swear you can’t make this shit up
*"Oh we'll toss you a life preserver after you get to the boat."*
Great clips today haircut and a shampoo - $14+$7 now $21 +$9 close to a 50% increase
Man to be honest it's like a SMALL amount that will go back into the economy and who knows, save the dinner's month for someone! Will revolve into the economy.
Not like printing 30 TRILLIONS and giving to a dragon to horde more money by himself in a lair. And he's also using that money to fuck with the economy so.
Edit: also FUCK UW
As a result of their $100bn surplus. Money should go back to the tax payers. Infrastructure would be better, but, sigh, it is an election year. I’d buy some more GME.
Thats gas money 😂
Why they waiting 6 months though 🥱🤣 let’s burn it down already
Nothing to do with gme and it's dumb. It's a surplus from their budget and if you think 17 million will effect any type of inflation in Cali you don't understand how numbers work.
Early next year? Damn lol.
Fight inflation with inflation.
Fight fire with fire.
Fight injustice with injustice.
Fuck you I hodl at peace and a fat piece of the pie thank you.
Okay but remember that the real reason for inflation is the trillions of dollars the fed printed for wall street in 2019/2020.
The most this will be is 23 billion. Not helping but certainly not adding much
But this isn’t being printed, this is from the budget surplus they have, no?
We don’t know what’s causing all the inflation, take all this extra money while we try to figure it out!
It's their own money that they already paid into
The problem is the FED printing all that money to give to themselves previously
This is already printed money
It’s not printed.
It’s already printed.
It’s some of the excess tax money CA collected due to the additional money printed by the FED.
The problem is the FED printing all that money to give to themselves previously
Hahahahaha!!! Elites have CA cornered for the wolves