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California Looking To Make All Bitcoin Businesses Illegal
An anonymous reader writes A new law has been proposed in California that would effectively outlaw all Bitcoin-related businesses that don't first get "permission." The details are vague within the bill itself, which is part of what makes it dangerous. If you're doing anything with virtual currency, you may have to go line up in Sacramento to get permission first.
People keep saying that. California is doing fine. And will continue to do so in the future. If you lived there, you would understand.
I live in California, and I certainly don't understand. Every year, California becomes more and more anti-business. Companies are leaving the state. We have one of the highest unemployment rates in America. There are still many business here, including many "hubs" for tech, entertainment, aerospace, etc. But we are slowly choking the goose that lays the golden eggs.
http://taxfoundation.org/blog/...
California ranks #4 in terms of overall tax burden, just behind NY, NJ, and CT.
California also has the top marginal income tax rate in the country; even worse if you life in SF.
Facts, you should try getting them sometimes.
Oh, and if you make less than $150k/year, you are barely middle class in the Bay Area.
But you're right: economically, Alabama is pretty lousy too. The fact that California sucks doesn't mean that some other states suck as well.
I used to. I was born there. Moved out awhile back when it became apparent I'd never be able to own a house that wasn't less than a 2 hour drive from work. I did live there, and I did not understand.
Perhaps if you lived somewhere else *you'd* understand.
Oliver's law of assumed responsibility: If you're seen fixing it, you will be blamed for breaking it.