Did CA make a major error when assuming they'd gain $1.9 B in taxes from Facebook shares?

[Real America]

Ha! California is the gift that keeps on giving.

[Masterfireman917]

Leave it to dumbass California to budget in the projected stock price for a newly-listed .com company.

[Friendlydrug855]

serves them tree-huggers right...

[curvedpleasure165]

oh my. You mean a government counted money that wasn't in the bank? sort of like those advance paycheck companies?

roflmao!!!!!!!!!!

This is what happens when a government taxes too much and becomes dependent on those taxes. That is so funny and yes, it was a major error.

I mean those California politicians have to be smarter than me right? For months I said, "I wouldn't touch FB with a ten foot pole. They have no assets, they make nothing."

[a2x4dc]

Well foolish Californians voted back in Governor MoonBeam! They are chasing their tax base out as quick as they can. One can look at the taxes MoonBeam wants 2 ways he says it is only 3% more he wants from the wealth or from the tax payer's viewpoint it is a 30% increase on California's taxes. 3/10=30% increase. Goodbye jobs.