Wednesday, May 16, 2012

The mob -- always takes THEIR cash off the top

Facebook, based in Menlo Park California, on Tuesday raised its target price range for the IPO to between $34 and $38 per share.

With enthusiasm for the historic offering running high, investors stand to reap capital gains while the company's 3,500-plus workers could grow wealthy through stock units and options - all of which would translate into tax revenue for the state.

If Facebook's shares debut this week at $38 a share, rise to $45 in six months and later rise further, California's general fund would receive $2.1 billion over the next 13 months from taxes on their sale, the state's Legislative Analyst's Office said in a report. More here:

Yes, the mob government is always there ... getting their cash off the top, right?  Do't worry though .... this is FREE cash.  That's right, this FREE cash comes out of thin air so it doesn't cost society any money at all. It cracks me up ... is there ANYTHING that happens anymore that the government doesn't reach in and take a cut?

Also, you know it's going to a good cause because California would NEVER squander your hard earned tax money.  No way, not with the lessons THEY'VE learned lately. Yep, there they were ... all standing by watching your money go down the storm drain and they thought "oops, we really learned our lesson THAT time."

BONUS:  While I was looking for pics to go with this post I came across this.  I didn't want it to go to waste so I include it here for your amusement.

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