A failing state: California loses an Icon

[CrazyTrader55]

MSN

^^
California didn't know when enough was enough. They kept tightening the vice around In-N-Out Burger. As the article says, it wasn't one single thing, but a number of factors, and finally, a 2026 proposed 5% "one time" money grab of billionaire's money, was enough. The company is moving out and so is the billionaire who runs it.

The nanny state needs ever increasing amounts of money to keep going (read: money to re-distribute to its voting base - illegal immigrants, welfare collectors, and leftists). As long as that money flow stays intact, the government stays in power. That's a win for them, but a loss for middle class people.

This is failed liberalism. We aren't yet in the bottom of the 9th inning (that will be when you see one of these blue cities or states file bankruptcy and not get bailed out). But the game is moving along, we've reached the 7th inning stretch. Go get your popcorn and beer.

 

[toobfreak]

You think that is crazy? Do you know that a YEAR after the Palisades fire and only one home has been rebuilt on the property and it is only a model home for show.

 

[White 6]

MSN

^^
California didn't know when enough was enough. They kept tightening the vice around In-N-Out Burger. As the article says, it wasn't one single thing, but a number of factors, and finally, a 2026 proposed 5% "one time" money grab of billionaire's money, was enough. The company is moving out and so is the billionaire who runs it.

The nanny state needs ever increasing amounts of money to keep going (read: money to re-distribute to its voting base - illegal immigrants, welfare collectors, and leftists). As long as that money flow stays intact, the government stays in power. That's a win for them, but a loss for middle class people.

This is failed liberalism. We aren't yet in the bottom of the 9th inning (that will be when you see one of these blue cities or states file bankruptcy and not get bailed out). But the game is moving along, we've reached the 7th inning stretch. Go get your popcorn and beer.

They have one of the highest cost of living and operating business in the country. Might be a interesting place to visit, but I wouldn't want to live or operate there. But, its California, so who cares. They don't.

 

[EvilCat Breath]

You think that is crazy? Do you know that a YEAR after the Palisades fire and only one home has been rebuilt on the property and it is only a model home for show.

I told you this would happen.

 

[EvilCat Breath]

I told you this would happen.

 

[Concerned American]

MSN

^^
California didn't know when enough was enough. They kept tightening the vice around In-N-Out Burger. As the article says, it wasn't one single thing, but a number of factors, and finally, a 2026 proposed 5% "one time" money grab of billionaire's money, was enough. The company is moving out and so is the billionaire who runs it.

The nanny state needs ever increasing amounts of money to keep going (read: money to re-distribute to its voting base - illegal immigrants, welfare collectors, and leftists). As long as that money flow stays intact, the government stays in power. That's a win for them, but a loss for middle class people.

This is failed liberalism. We aren't yet in the bottom of the 9th inning (that will be when you see one of these blue cities or states file bankruptcy and not get bailed out). But the game is moving along, we've reached the 7th inning stretch. Go get your popcorn and beer.

Oakland, CA is insolvent and expected to file bankruptcy any time. Stockton, CA filed bankruptcy in 2012--the largest city ever to file at the time. Blue shit holes.

 

[pknopp]

Oakland, CA is insolvent and expected to file bankruptcy any time. Stockton, CA filed bankruptcy in 2012--the largest city ever to file at the time. Blue shit holes.

Is that what filing bankruptcy makes you?

 

[wamose]

In and Out is welcome here in Pa. but I don't think Pa. is a flamboyant enough spot.

 

[1srelluc]

Thread '‘I’m done.’ California’s proposed 2026 billionaire tax would’ve cost In-N-Out’s owner $435 million.'

Jan 5, 2026

MSN

In and Out's billionaire owner, Lynsi Snyder, “just said, ‘I’m done.’” She’s moving to Tennessee, packing up her family, and leaving California behind after four generations of loyalty.

This wasn’t some outsider company that never cared about the state. In his telling, In-N-Out was the last true holdout, the most California brand you could think...

• 1srelluc
• Replies: 38
• Forum: Economy

• 

 

[CrazyTrader55]

Is that what filing bankruptcy makes you?

How badly run do you have to be, to have a TAX BASE that is guaranteed revenue, and still fail?

Oakland's sales tax rate is 10.75%. 6% of that is for California, but the rest of the 4.75% goes into their coffers.

That's not all. Don't forget property taxes, and Oakland is well above the national average. Median tax bill here is $7,453.

Oakland, Alameda County, California Property Taxes - Ownwell

Take control of your Oakland, Alameda County, California property taxes with ease. Use Ownwell's calculator to review Alameda County assessment values and discover ways to save on your taxes today.

www.ownwell.com

They are run by incompetent buffoons.

 

[pknopp]

How badly run do you have to be, to have a TAX BASE that is guaranteed revenue, and still fail?

Oakland's sales tax rate is 10.75%. 6% of that is for California, but the rest of the 4.75% goes into their coffers.

That's not all. Don't forget property taxes, and Oakland is well above the national average. Median tax bill here is $7,453.

Oakland, Alameda County, California Property Taxes - Ownwell

Take control of your Oakland, Alameda County, California property taxes with ease. Use Ownwell's calculator to review Alameda County assessment values and discover ways to save on your taxes today.

www.ownwell.com

They are run by incompetent buffoons.

As bad maybe as bankrupting a casino.

 

[CrazyTrader55]

As bad maybe as bankrupting a casino.

Please stick to the topic and don't let your SEVERE case of TDS control you.

Thread is not about Trump.

And in any event, businesses go bankrupt all the time, but cities and states almost never do.

 

[HikerGuy83]

Oakland, CA is insolvent and expected to file bankruptcy any time. Stockton, CA filed bankruptcy in 2012--the largest city ever to file at the time. Blue shit holes.

Many cities in CA have filed in the past two decades.

Benicia and San Bernadino being some of the more high profile.

 

[Independent thinker]

MSN

^^
California didn't know when enough was enough. They kept tightening the vice around In-N-Out Burger. As the article says, it wasn't one single thing, but a number of factors, and finally, a 2026 proposed 5% "one time" money grab of billionaire's money, was enough. The company is moving out and so is the billionaire who runs it.

The nanny state needs ever increasing amounts of money to keep going (read: money to re-distribute to its voting base - illegal immigrants, welfare collectors, and leftists). As long as that money flow stays intact, the government stays in power. That's a win for them, but a loss for middle class people.

This is failed liberalism. We aren't yet in the bottom of the 9th inning (that will be when you see one of these blue cities or states file bankruptcy and not get bailed out). But the game is moving along, we've reached the 7th inning stretch. Go get your popcorn and beer.

This won't be a problem for them. All they have to do is raise taxes on everyone who doesn't leave the state.

 

[OldFlame]

They have one of the highest cost of living and operating business in the country. Might be a interesting place to visit, but I wouldn't want to live or operate there. But, its California, so who cares. They don't.

Yet you support the policies and politicians that created it.

 

[BrokeLoser]

MSN

^^
California didn't know when enough was enough. They kept tightening the vice around In-N-Out Burger. As the article says, it wasn't one single thing, but a number of factors, and finally, a 2026 proposed 5% "one time" money grab of billionaire's money, was enough. The company is moving out and so is the billionaire who runs it.

The nanny state needs ever increasing amounts of money to keep going (read: money to re-distribute to its voting base - illegal immigrants, welfare collectors, and leftists). As long as that money flow stays intact, the government stays in power. That's a win for them, but a loss for middle class people.

This is failed liberalism. We aren't yet in the bottom of the 9th inning (that will be when you see one of these blue cities or states file bankruptcy and not get bailed out). But the game is moving along, we've reached the 7th inning stretch. Go get your popcorn and beer.

The 5% wealth tax should be called what it is…a tax collected to fund Mexicans and their baby factories.

 

[pknopp]

Please stick to the topic and don't let your SEVERE case of TDS control you.

Thread is not about Trump.

And in any event, businesses go bankrupt all the time, but cities and states almost never do.

Everything MAGA condemns, Trump has done many times over.

 

[BrokeLoser]

Everything MAGA condemns, Trump has done many times over.

Trump has never filed bankruptcy because he spent too much of other peoples money on Mexico’s people.

 

[CrazyTrader55]

Trump has never filed bankruptcy because he spent too much of other peoples money on Mexico’s people.

Off topic, thread is about California's policies, not Trump's

Stick to the topic...... if you can

 

[marvin martian]

MSN

^^
California didn't know when enough was enough. They kept tightening the vice around In-N-Out Burger. As the article says, it wasn't one single thing, but a number of factors, and finally, a 2026 proposed 5% "one time" money grab of billionaire's money, was enough. The company is moving out and so is the billionaire who runs it.

The nanny state needs ever increasing amounts of money to keep going (read: money to re-distribute to its voting base - illegal immigrants, welfare collectors, and leftists). As long as that money flow stays intact, the government stays in power. That's a win for them, but a loss for middle class people.

This is failed liberalism. We aren't yet in the bottom of the 9th inning (that will be when you see one of these blue cities or states file bankruptcy and not get bailed out). But the game is moving along, we've reached the 7th inning stretch. Go get your popcorn and beer.

I'll give you one guess who the next target for the 5% "wealth tax" will be after all the billionaires leave...