May 28, 2012

California - the top ten list

From Human Events:
Top 10 examples of California zealotry
1. Taxifornia
With the state staring at a $16 billion budget shortfall, California Democratic Gov. Jerry Brown is seeking voter approval in November for a $9 billion tax hike initiative that would add three percentages points to the top income tax rate, making it the highest in the nation at 13.3 percent. Perhaps, California lawmakers should look to Texas, where the legislature closed a major budget gap by cutting spending.

2. Bullet train folly
The state is moving ahead with, and even expanding, a plan to construct a high-speed bullet train linking San Francisco to Los Angeles via the Central Valley. Given the fact that California’s fiscal system is in free-fall, has anyone in Sacramento given thought as to how to pay for this boondoggle? Sure, the feds will help with the initial $68 billion price tag, but the rail will require large annual state subsidies in perpetuity.
Eight more at the site. To quote the wonderful Benjamin Franklin:
When the people find that they can vote themselves money, that will herald the end of the republic.
Posted by DaveH at May 28, 2012 8:22 PM
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