Tax itself to prosperity?That would be a first,for anywhere in the world.
Tax to obscurity is more likely.
Like Cuba and the Soviet Union.
~Winston Churchill (1874-1965)
Experience is the key.
Socialism always fails, always.
Too big to fail.
The people of a state try to relive the past, when the dynamics and demographics were not even close to comparable.
Brown was briefly successful during a time when California was growing and there were countless business opportunities. Laws and taxes were also much different during a time when Conservatism still had an influence in the state.
For Brown to use the same methods and tactics he used during a past and gone era is a guaranteed failure. California in the final stages of decline. Too many business have left and the technology industry that made California a great place to do business from, has ended.
The entire state is nothing but a staging area for Illegal Aliens to congregate and gain a foothold. The state's Welfare/Medicaid system is so corrupt and hopeless, that not even a miracle will end this disaster.
They’ll have to pass a law limiting how much someone can take when they leave.
Since the uber wealthy sabotaged the initiative against the global warming hoax it has been noted that these plutocrats have it in their heads to turn California into a rich person’s eco-paradise.
Indeed it was, and I blessed the initiative system then as I was there. My house had risen in value from $35,000 to $75,000 in a matter of a few years and it seemed that every six months my mortgage was going up another $50 because of rising taxes. I felt like I was a serf and would never "rise above my station".
Brown and Crew must be salivating over what money could be raised if Prop 13 is somehow done away with. Check out this Interesting chart.
The taxpayers of Oregon, me and Montana and Florida will bail them out because, “they are too big to fail”. I hope to God they won’t do it, but you know the DC crowd will not be able to man up and say no.
They know they will get bailed out. They always have and they always will until the system collapses. Half the public debt in the United States (excluding federal) belongs to CALIFORNIA!! Obama and Bernanke will NOT let California implode the entire muni bond market, triggering downgrades across the board and casing the dumping of US debt worldwide. They will print money until they can’t—and that could take years.
Can I screw myself to virginity?
I suspect when they find the feds won’t bail them out, they will try to issue their own currency.