In the context of bankruptcy, look on the internet for California's rules on exempt property. Compared with other states and the federal government, is California generous or stingy with exemptions? In considering a new bankruptcy statue, Congress struggled mightily over wether or not to permit state exemptions at all. Is it fair for exemptions to vary by state? Why should in one state fare better than his/her neighbor across the state line? How much should the exemption be?