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California's Predicted Fiscal Firestorm Has Arrived
PJ Media ^ | FEBRUARY 16, 2023 | Victoria Taft

Posted on 02/17/2023 9:52:47 AM PST by george76

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To: george76

They made their bed and now must lie in it. And anyone who advocates “tax cuts” in a time of high deficits is a moron.


21 posted on 02/17/2023 10:54:39 AM PST by Clemenza
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To: george76

But the government is getting pay raises, so....


22 posted on 02/17/2023 11:00:48 AM PST by Worldtraveler once upon a time (Degrow government)
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To: P-Marlowe

Never saw a dime of that GavinGelt.


23 posted on 02/17/2023 11:02:15 AM PST by karnage
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To: MeganC

Not only residents are leaving in droves but thousands of businesses were not able to recover after being shut down for at least 18 months!! San Francisco is a ghost town that has become a ghetto that is unlivable!! Just a few years ago was a vibrant booming city!! Newsome is a NIGHTMARE!!!


24 posted on 02/17/2023 11:02:31 AM PST by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: Trump Girl Kit Cat

I saw that the massive Salesforce Tower might even be remade into housing.

But for who? Who would want to spend millions to live in San Francisco when the city is a cesspool and the jobs are all leaving?


25 posted on 02/17/2023 11:04:12 AM PST by MeganC (There is nothing feminine about feminism. )
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To: george76

If it gets too bad, Fed.gov will bail them out


26 posted on 02/17/2023 11:04:30 AM PST by PGR88 (, )
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To: volunbeer

It’s fake media and false elections. He does not need to worry; it will be a landslide just like Biden.


27 posted on 02/17/2023 11:05:11 AM PST by dirtymac ( Now Is The Time For All Good Men To ComeTo The Aid Of Their Country! NOW) )
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To: MeganC

I have a frat bro in SF. He’s as conservative as they come but he has gotten used to the sheetholiness of the city. He was astounded that we don’t have homeless people where I live, like it was just not possible.


28 posted on 02/17/2023 11:07:47 AM PST by AppyPappy (Biden told Al Roker "America is back". Unfortunately, he meant back to the 1970's)
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To: 2banana

Fo most, the reparations have been paid in Caucasian genes


29 posted on 02/17/2023 11:08:44 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day )
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To: dirtymac

You might be right. Lord knows the world does not make much sense anymore! I just can’t see the attraction for him but I could say the same about Biden and they pulled it off.

I also think there is a good chance that Trump and the GOPe fractures the GOP in the primary and he has no margin for error(s) or a “not-Trump” candidate that pulls even 2% (plus the usual 1% libertarian vote).


30 posted on 02/17/2023 11:11:14 AM PST by volunbeer (We are living 2nd Thessalonians)
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To: volunbeer
I don’t underestimate the ability of the media and big tech to create a narrative, but I cannot see Gavin Newsome gaining traction in a national race.

Did SloJoe and the Ho ever gain any traction?

The lying mainstream media will transform WHOMEVER the 'Rats nominate into the next JFK or FDR.

31 posted on 02/17/2023 11:38:12 AM PST by mcenedo (lying liberal media, our most dangerous and powerful enemy)
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To: mcenedo

Fair point. I never understood the messianic glow of Obama either so perhaps even I underestimate their true power. FWIW - I often remark on how powerful their ability to create a narrative is.

There is one reason for a bit of optimism though. IF we believe the polling numbers of these same people they do not have an infinite amount of capital with the American people.

The media has picked some real duds in the last 12-16 years and each year fewer people seem to trust them (for good reason).


32 posted on 02/17/2023 12:20:23 PM PST by volunbeer (We are living 2nd Thessalonians)
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To: volunbeer

Depends upon WHO COUNTS THE VOTES.


33 posted on 02/17/2023 12:39:34 PM PST by goodnesswins (The Chinese are teaching calculus to their 3rd graders wh to sile ours are trying to pick a pronoun.)
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To: george76

“Now, of course, he’ll be blaming this fiscal cliff on someone — anyone — else.”

Trump is always available for that.


34 posted on 02/17/2023 1:26:23 PM PST by lowbridge ("Let’s check with Senator Schumer before we run it" - NY Times)
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To: george76
Money is fungible, and many billionaires and millionaires have “moved” their wealth to other states by spending a few more days of the month in another state.

California will go to great lengths to chase money that moves out of state. There was a story of a man who sold his patent and moved to Nevada, California tried to take a cut of his royalty income even years after he was no longer a resident.

But the real issue here is the state is not really "managed" at all. The governor and legislature are termed limited so they all spend their time working for their next job. The bureaucrats run the state; and they are a huge voting block, so the legislature and governor just rubber stamp their budgets. Nevermind electricity in unreliable, gasoline is twice as expensive, roads are full of potholes, crime is out of control. Those who can afford to leave leave, those who can afford to look like they left will take all the measures to avoid the appearance of living in state to avoid taxes. A few high profile cannot pull that off but they arrange it so they have many corporate holdings and keep the cash and profits out of state only bringing in what they need - just like Apple and Google and Facebook and many others that make billions in profits but pay 2% income tax. Or if they are among the ultra rich, their net worth is tied up in unrealized stock and options gains so they can just live off margin loans and never take a capital gain tax (which in California is the same rate as income tax - nearly 14% for top bracket earners!).

35 posted on 02/17/2023 1:27:43 PM PST by monkeyshine (live and let live is dead)
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To: AppyPappy

No noticeable homeless around here either. The -20F weather tends to chase them off to warmer places.


36 posted on 02/17/2023 1:44:21 PM PST by MeganC (There is nothing feminine about feminism. )
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To: goodnesswins
Depends upon WHO COUNTS THE VOTES.

Actually, it depends upon WHO COUNTS THE BALLOTS. Votes and ballots are only loosely related concepts in the current era.

37 posted on 02/17/2023 2:03:08 PM PST by SFConservative
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To: MeganC

They don’t go where there are no services for the homeless. We barely have any services at all.


38 posted on 02/17/2023 2:06:19 PM PST by AppyPappy (Biden told Al Roker "America is back". Unfortunately, he meant back to the 1970's)
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To: george76

Predicted Fiscal Firestorm Has Arrived

Yep when you run out of other peoples money and you can’t tax any higher because they move out of state.

Socialism 101


39 posted on 02/17/2023 3:17:21 PM PST by Vaduz (LAWYERS )
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To: volunbeer

“He does not tick any “woke” boxes either and the hard left is obsessed with this.”

Easy fix—Newsom claims he has Native American ancestry and “writes” a book disclosing this “secret history”.

The mass media attacks anyone who questions it as “deniers”.


40 posted on 02/17/2023 3:21:04 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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