How will reparations be paid????
Gavin is so pretty, let’s vote for him as President. CNN told us to.
California must be doing OK if they are discussing reparations. whahahaha
I have always thought the democrat plan for California was to turn it into a dump with plummeting real estate prices and then pick over the wreckage at fire sale prices and re-emerge as the sovereign socialist nation of California (a wholly owned subsidiary of the People’s Republic of China).
If I am correct and the DNC has chosen Gavin Newsom as the next ‘President’ of the dis-United States, I think Victoria Taft might be in a “Heap of Trouble”.
I bought a new guitar with that money.
How could this happen? only 50% of the State collects some sort of Welfare
Better raise taxes and fees. The people have to know they will pay.
>>And do you know what that means? Fewer congressional representatives and fewer tax dollars
Sadly untrue, they’ll count all the illegals and then “apply statistical corrections” to estimate uncounted illegals and, just like that, California will gain EVs in the next census.
I also saw that Cali lost a NET of 500,000 residents over the past two years!
In 1992, the day a bill to put Social Security on a fiscally sound plan was defeated, I told my wife: “When the takers outnumber the givers, the system will implode — and it will begin in California.”
I had no idea at that time that it would take as long as it has.
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.
But the government is getting pay raises, so....
If it gets too bad, Fed.gov will bail them out
“Now, of course, he’ll be blaming this fiscal cliff on someone — anyone — else.”
Trump is always available for that.
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!).
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
It’s time to face reality my FRiends. Democrats don’t have the knowledge or ability to solve real problems. They live in a fantasy world and anything that doesn’t fit into their reality upsets them.