California Budget Crisis

California is rich enough to afford incompetent governance :)

Wayback Machine archive:https://web.archive.org/web/20240401233215/https://www.econo...

Didn’t CA have a surplus? Doesn’t CA already have the highest tax brackets for the high earners?

I wouldn't go as far as to blame the country for California's problems. California has gone far out of its way to do things how it wants. And, somehow, despite being the [1]world's fifth-largest economy, cannot afford to maintain itself without obscenely high taxes that are pushing people to move to neighboring states.Ultimately, the policies of California (despite the politics leaning very strongly towards the Democrat party) are not helping the people very much. In many ways,

> California is sucking more and more with time.Why is this, and how do we get it fixed? Shouldn't this sort of burden be the same throughout the US?

California should just spend less or tax more. If they can't, that's the fault of Californians not the federal govetrnment. (My understanding is that the root cause of the situation is that it's hard to raise taxes in california due to proposition 13, but easy to increase spending commitments through referenda -- can any Californians comment?)

At the high end of moving out (rich people), California is unappealing because it's budgetfucked. Education, transportation, public services, and everything else will suffer for a long time. This leads to their crazy high state income tax and crazy high sales taxes and municipalities doing insane additional taxes for businesses on top of everything else.The Bay Area may be the best place to create Show Me Your Food 13.0, but I think you can build things elsewhere with nicer conditions.

California is running out of money, so maybe they need some nice large anti-trust fines.

Factual counter arguments here: http://www.motherjones.com/kevin-drum/2018/01/california-is-...

And yet California is the 6th largest economy of the world and growing.And after purging most of the Republicans from the Assembly somehow hasn't had any budget issues. Imagine that.So, I'm still waiting for that inevitable exodus of Republicans from California so my housing costs will come down. I hear tell that Texas is your utopia. Could y'all hurry up and leave already?