The State of California is considering ripping another $500 (per child born) from the pockets of its over-taxed citizens. According to the San Mateo Daily Journal –

Every child born in California would get a $500 savings account to start building a nest egg for college or down payment for a home, under a bipartisan bill introduced Wednesday in the state Senate.

I just love this part

Under the bill, every child born in California after Jan. 1, 2008, would receive the money, regardless of their parents’ income or immigration status. Recipients would repay the state’s initial $500 investment once they turn 18.

Oh Joy! Not only are they going to steal your money and give it to your neighbor’s kids, but they’re going to give it to the illegal’s kids as well. I wonder what that’s going to do for the illegal population count in California… Will it increase? You bet! Any time you start handing out freebies to those who don’t earn it you attract more freeloaders. California’s infrastructure is already overwhelmed by the illegal immigrant problem, this will just be one more nail in the coffin.

Not to mention the typical socialist stupidity of taking money from one group and giving it to another. But I won’t rehash that right now.

Hat Tip goes to Random Nuclear Strikes and Knowledge Is Power