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Author: DrBob2 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 90376  
Subject: Recycling fraud Date: 10/10/2012 9:04 AM
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Rampant recycling fraud is draining California cash
www.latimes.com/news/local/la-me-can-fraud-20121007,0,624185...

Just over 8.5 billion recyclable cans were sold in California last year. The number redeemed for a nickel under California's recycling law: 8.3 billion. That's a return rate of nearly 100%. That kind of success isn't just impressive, it's unbelievable. But the recycling rate for certain plastic containers was even higher: 104%.

California's generous recycling redemption program has led to rampant fraud. Crafty entrepreneurs are driving semi-trailers full of cans from Nevada or Arizona, which don't have deposit laws, across the border and transforming their cargo into truckfuls of nickels. In addition, recyclers inside the state are claiming redemptions for the same containers several times over, or for containers that never existed.

The illicit trade is draining the state's $1.1-billion recycling fund. Government officials recently estimated the fraud at $40 million a year, and an industry expert said it could exceed $200 million. It's one reason the strapped fund paid out $100 million more in expenses last year than it took in from deposits and other sources.

DB2
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Author: rinjr715 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 89937 of 90376
Subject: Re: Recycling fraud Date: 10/10/2012 9:35 AM
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Sure, it's something they oughta do something about if they can, but $40 million is really whizzing in the Pacific compared to the billions California liberalism wastes every year. They never learned out there that the road to Hell is paved with good intentions. But they will, when taxes go up so much out there that people move out of California by the millions and the place LOSES electoral votes in the 2020 census. The left is already losing electoral votes in many of its eastern and midwestern bastions, when it starts losing them in California also maybe this country will finally start to straighten out.

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