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Half of the State of California's Tax Revenue is FAANG and Tech Related: Oops!

Microbio-glutonist in Technology

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Microbio-glutonist    + 61

DC

(edited)

Watch what happens when tech crashes and revenues shrink. California's robust economy is about to hit the "wall." 

Utopian thinking is great when no one is paying for it. But, what happens when a socialist society runs out of other people's money? 

We are about to find out! 

Twenty-somethings who earn most of their income from options are hurting, especially when they owe the tax man! Capital gains taxes can't be paid without options incomes. Real Estate is about to get real as well! 

When California asks for a bailout, hand them a recyclable paper straw and say "You suck!" JK! :)

 

Edited by Microbio-glutonist
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