COMING SOON: MASS EXODUS FROM CALIFORNIA

Just when you thought California couldn't get any crazier. If you thought small businesses getting IOU's instead of cash was bad, how about those small businesses being told that they have to pay taxes on those IOU's and that they can't use the IOU's to do it?

That's what we call the bait & switch boys and girls. What one hand giveth that's worthless, the other hand taketh away what has value (for now).

COURTHOUSE NEWS SERVICE explains the insane details and a resultant class action lawsuit filed on behalf of some vendors:

SAN FRANCISCO (CN) - Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but refuses to accept its own IOUs to pay debts or taxes. The vendors' federal class action claims the state is trying to balance its budget on their backs.

Wrap your head around THAT one. Imagine performing a service and your payment is a promise to pay you. Then later on down the line, the person who promised to pay you says you were overpaid and demands some of his money back.

Once again, liberals demonstrate that they have NO IDEA where money comes from.

h/t to HOT AIR