This isn’t California dreamin’ but rather an American nightmare. It’s a blinding statement of the obvious, but California’s financial nightmare (and the nation’s) is a terminal addiction to bloated and expensive government completely out of control, with zero accountability.
Will the last American left in California please turn out the lights? And don’t let the door slam you in the behind. California isn’t going broke. It’s already broke and is $16 billion in the hole. With businesses leaving the state in record numbers because of punitive taxes and bizarre overregulation, the only way forward is to either raise taxes or severely cut benefits. Raising taxes is the mantra of liberals, and California is awash with liberal politicians.
In addition to business-killing taxes and regulations, California has the third-highest state income tax in the nation, the nation’s highest sales tax and the highest gas taxes in America.
Get this: Roughly half of California’s income taxes are paid by just 1 percent of California’s residents. It’s no wonder the most productive people are leaving the state each year as more bloodsuckers move in.
If that isn’t bad enough, California has one of the nation’s highest unemployment rates; its health care system is on the verge of collapse, with dozens of hospitals closing over the past decade; crime is rampant in California’s cities; its public employees are paid staggering amounts of money compared to ordinary Californians; and massive numbers of illegal aliens continue to invade the state.