Marginal Relief

 So it came out this week that California legislative folks and the governor (Newsom) agreed to a $17 billion package that is geared in some way for inflation relief. Of this, $9.5 billion goes to the public. 

Now before you get excited....if you were a Californian....it's ranked.  Minimum you get (early 2023) is $200....most is $1,050.  

How can they swing this?  Well....they are number nine in the nation on taxes....roughly 9.7-percent of what you make....goes to the state.

Inflation affecting everyone?  Yes, but the money is ranked.  So if you made up to $75k a year in salary....you'd get $350 per tax-paying couple...then $350 for each kid....capping at $1,050.  

Next level up, you get $250 in this scenario....capping as well.

Does the $1,050 potentially change your life?  NO.  

That's really the crappy part of this story.  If you follow inflation in California....just in fuel prices....you probably are paying around $1,000 extra per year, if you own two cars.  Count up your energy bill, groceries, and oddball things....it is probably over $3k in extra cost.

I'm not condemning the offer....but it's because of the hefty tax...that they have some money to throw around.  

Trying to suggest it's some great relief?  Well...it's like baking a cake for your neighbor, but having no icing on it...as you present it.