Saturday, August 12, 2017
"The strapped middle class continues to flee bad schools, high taxes, rampant crime and poor state services. About one-third of the nation’s welfare recipients reside in California. Approximately one-fifth of the state lives below the poverty line."
...California — after raising its top income tax rate to 13.3 percent and receiving record revenues — is still facing a budget deficit of more than $1 billion. There is a much more foreboding state crisis of unfunded liabilities and pension obligations of nearly $1 trillion.
Soon, new gas tax hikes, on top of green mandates, might make California gas the most expensive in the nation, despite the state’s huge reserves of untapped oil.
Where does the money go, given that the state’s schools and infrastructure rank among America’s worst in national surveys?...
Buying a home on the California coast is nearly impossible. The state budget can only be balanced through constant tax hikes. Finding a good, safe public school is difficult. Building a single new dam during the California drought to capture record runoff water in subsequent wet years proved politically impossible.
No matter. Many Californians consider those existential problems to be a premodern drag, while they dream of postmodern trains, the legalization of pot-growing — and seceding from the United States of America.