CAPITALISM BTFO

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reuters.com/article/us-stockton-bankruptcy-cause/how-stockton-went-broke-a-15-year-spending-binge-idUSBRE8621DL20120703
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Which city?
>Mfw the thought of drug dealers jerking off to this

Stockton

Nice, moving my crack house there tomorrow. Also some whites so maybe I'll push coke and heroin too.

Neetbux for everybody!

I live in Stockton, have not gotten my free check yet.
Saw this yesterday though.

>How Stockton went broke: A 15-year spending binge

>SAN FRANCISCO (Reuters) - The man in charge of the biggest U.S. city ever to file for bankruptcy is clear about the root of the crisis.

reuters.com/article/us-stockton-bankruptcy-cause/how-stockton-went-broke-a-15-year-spending-binge-idUSBRE8621DL20120703

And they are doing it again. The city motor pool is overflowing in brand new cars, that sit unused because there is not enough police to use them.

DAS RITE, make those POC higher!

>free cash

it isn't free, taxes pay for it.

Who needs facts when you have the purity of left wing nonesense to guide your economic policy?

In reality, the equity would be a nightmare... being so tiny, so short...

You have to deal with the tall chads who don't have to lug around their standing boxes all over the place for the day, also being stared at because you're way higher than everyone.

>equity and equality scare me

>going your economic policy from occupydemocrats memes and top posts in R/socialism

>put a child in charge and their first political action is "free shit for everyone"

imagine mah shawk

>capitalism btfo

hahaha its incredible how leftist would genuinely believe that.

I wonder how this will end. (I don't.)

Bread and circuses

>that shitty wannabe-european house
tasteless pleb

>house

Kek, pretty sure that thing is 50,000 square feet or larger europoor

>Mfw I can finally buy a gaming pc

All it is is a ploy to get homeless out of the Bay Area for a check.

$500 free per month
>on top of welfare
>on top of free healthcare
>on top of free school
>on top of free housing
>on top of food stamps

Funny part is Stockton had to declare bankruptcy a few years ago. This gib is not sustainable. And Stockton is a shithole anyway.
t. UOP alum

And you get to pay for it all, gringo.

Texans gonna have to deal with another massive immigration of liberal Californians.

>Stockton
that place is an absolute shithole. mass heroin overdose incoming

Stockton is a huge pile of trash and so is its inhabitants.

>government letting you keep your taxes
>somehow Sup Forums finds a way to cry about it

The taxes are inherently owed to the state. Some % of your prosperity is the property of the state for providing the environment for you to be prosperous. They were the states before you paid them. This is the state giving you money. Its free money user, free.

And who's going to pay for that? Wouldn't there be a better way to use that money for the city instead of giving it to people directly? Like improving streets and shit?

You guys asking about the building in the photo?
That's the stockton hotel / main Downtown restaraunt. It's been turned into section 8 housing.

Construction is corrupt to the core, why do you think they take so long and so much money?

hmmm

>all junkies die
>dealers move due to no buyers

The streets and infrastructure here are actually in a pretty good state, much better than SF or LA.
Read through the minutes in 2007, there is more corruption than you could imagine.
>Visionary Home Builders
They get millions from the city to build Projects, and they were involved in a deal to renovate single family homes. Then they convinced City Council to pay the down payments on those single family homes for people. This transaction, the person who got $80K+ for a down payment, foreclosed 3 years later, which means they probably never made a payment. Sold for $300k in 07, bought for $110k in 10, I'm working on breaking a story on who was buying up the foreclosures after city money paid for renovations and downs.
>CC Resolution 07-0095 Approving a Down Payment Assistance Loan in the amount of $80,000 from HOME funds to JESUS V. MONTANEZ for the purchase of a single-family residence located at 9741 Treetop Drive. (HD) (Pages 54-57)

Notice in the painting when everyone is equal everyone can still see the game just fine. But in equity the white male is moved to a lower status while the girl and black one are higher than before equality.

Why would anyone think this a good thin?

Because FUCK DRUMPF AND FUCK WHITE PEOPLE

What's to stop Stockton businesses from raising their prices slightly to soak up all that extra spending cash these economically illiterate stockton niggers are going to be running around with?

more like california btfo. wall them in before its too late

>keeping
>your
This fucks everything up, user.

everyone can see the game just fine in the second one too

>free money
>anti-capitalist

The people getting the $500 are already so low in the income bracket, they are not paying any taxes, except sales tax.
A better solution would be to exempt businesses under 150 employees in charging sales tax, sales tax is the heaviest burden on the poor.

That would actually be wrong, since the workers also reap the benefits of socialism in that they get the extra money or whatever the state is handing out.

It would probably even out to about what happens in our current system with taxes. You work, gov takes half, gov gives 25% back to you.

this should be updated to "work hard keep 25%"

Socialism punishes hard work by giving everyone the same pay for differing effort or ability.

Stockton is such a shit hole you have to pay people to live there. This is on par with the Bay Area paying gang members not to commit crime.

In capitalism there are people who definitely don't deserve their money, like those who inherit it or they just essentially gamble and win the lottery in the stock market.

Then people amass wealth, bribe government to expand its power, and then rule over both government and the people. So you essentially end up with the same problems with socialism as well.

>I'm working on breaking a story on who was buying up the foreclosures

Be extra careful around any open elevator shafts.

that explains the horribly debt california is in

wow old fake news, more facebook propaganda.

I live like 20 minutes from there, it's basically little Detroit. They can't even afford to pay their police department, how the fuck are they going to give away 500 dollars a month to each person?

read the story dummy it says if they dont kill eachother. Its a ploy to stop blacks from shooting eachother.

Where is that money coming from exactly?

>wow, five hundred dollars? How are we going ot pay for this?
>with a five hundred dollar per citizen tax

>sounds great!

lol ok

>good shape infrastructure.

How long did it take to fix the 99 in Stockton?

>Stockton
Bahahahaha! That place is such a shithole!! It is literally going to become the drug capitol of California with this policy.
Why not give every Stockton resident A JOB that pays 500a month and then society will actually benefit ?

500$ free crack!

>liberals inadvertently admitting that niggers and women are inherently inferior

remove jews and the fed while working hard, make your dreams come true!

>exempt businesses under 150 employees in charging sales tax
but how will we be able to pay each citizen $500 each if we don't levy a 10% tax on what they do with it?

Gee I wonder where the mayor gets the money from.
Also
>rewarding bad behavior

The mayor.

>the 1%
$30k/year is Stockton's top 1%

I'm about 20mins away as well, elk grove.
I'm waiting to hear about half of Stockton dying from drug overdose

Kek. After taxes too support this measure that 30k is going to be below poverty line

>The mayor.
niggers. every fucking time

>implying the money won't go to drug dealers

...

I live the other direction, Modesto. I fear that they might start coming here soon in masses.

But at least they build something.

I'm out in Oakland. Don't worry we'll keep sending you more

>Modesto
they still finding dead people in your fields? Modesto was fucked in the early 2000s
>captcha: se vende street sign

>IT'S THAT SIMPLE! XDDD
I can't see how this will blow up in everyone's face within a year.

I like the mental gymnastics here but you're ignoring the fact that the white man has a tiny white wife/daughter and a black son. Adopted or...?

I know you're being sarcastic, but this makes no sense at all when you account for the fact that taxes are collected on a percentage basis. How can something be inherently owned when its composition is constantly fluctuating and changing relative to some other variable? You can't draw a tangible boundary around something that is abstract and impermanent. I say this because I know people who actually believe what you said is reasonable.

I was legitimately disgusted but I laughed so hard, I almost started to vomit.

>Tubbs was born in south Stockton and grew up in poverty.[2] His mother, Racole Dixon, was a teenager at the time of his birth, and his father, also named Michael Tubbs, is serving a life sentence in prison for kidnapping, drug possession and robbery.[3] Tubbs has a younger brother named Drevonte.[3]

Anybody from California who knows that area will know this is a terrible idea, unless they're a fucking communist.

>He then attended Stanford University on a need-based scholarship, graduating in 2012 with a BA in Comparative Studies in Race and Ethnicity and a Master's degree in Policy, Leadership and Organization Studies.

Hello fellow Modesto fag.

Yes but who had to get them those boxes? "Equity" is about unpaid labor.

Just keep sending them to Antioch like you've been doing.

Retarded. Expect massive inflation. Free money = little worth.
Prices got to go up.

Capitalism still enables people to work hard. I have no reason, for the entirety of my life, to work hard in a socialist system. I'd do whatever gets me the universal paycheck and go home. Goodluck getting anyone to do shitty jobs, too.

Isn't this the city that declared bankruptcy a few years ago? Who bailed them out? What do the city's tax payers (the very few of them that exist) think of this policy?

Can I set up a P.O. Box and collect free 500?

Always one eye on da streets.

>Free

Is there anything modest in Modesto? Like modest meth related murder rate?

More like this is a case of the government taking YOUR money and giving it to somebody else.

>paying human filth $500 to off themselves

It's genius

Nope. Its all about the murder, meth, and auto theft. The city is named after a guy who didn't want the town named after him. They said he was modest thus Modesto.

Because they raised the minimum wage too high or some shit.

This. I hear the same shit about Europe all the time, "You have free healthcare, lucky!"
No, everybody has to pay for it through taxes, nobody is actually working for free to keep you healthy.

Time to buy a square foot of land somewhere and get my sick 400$ a month.

capitalism tends to have more boxes for everyone though

>In capitalism there are people who definitely don't deserve their money, like those who inherit it or they just essentially gamble and win the lottery in the stock market.

So, as a father I work hard to support my family and am successful enough to pass down an inheritance - you're saying my son doesn't deserve the money i worked hard for? He does share my genes after all. It's interesting how little value socialists place on the family.

You're saying people who put money into the stock market don't deserve the money? They took a risk to invest in a company. That investment contributes to the economy.

>Then people amass wealth, bribe government to expand its power, and then rule over both government and the people. So you essentially end up with the same problems with socialism as well.

Yes, turning a free market system into more of a socialist system causes the problems of socialism.

The problem there is not the economic system, it's the political system that allows what you are describing.

100% chance they have since been flipped if they were bought for 110k in 2010. In OC all the houses that got foreclosed have been flipped and reflipped now.