That is why I left California. Any more common sense and I would be freaking broke!
My job is transportable, so I took my 6 figure salary to Texas, where they appreciate the value of hard work.
Keep raising those taxes, Sunshine.
Raise them until your state’s economy improves!
Just like Bernanke printing money until the economy improves...
yep... just like the medieval barbers, bleeding people until they got well.
Jerry Brown is a politician who does try to do some good things. BUT he is 100 percent wrong about raising taxes higher. California is notorious already for having the highest taxes (and some of the most onerous regulations) in the USA. California also has one of the highest unemployment rates in America. Business cannot afford to hire new employees, or invest in new plants in California, except for a very few special situations. Almost all new investment (and therefore: most of the new jobs) go ELSEWHERE. And some of the existing businesses are leaving, too, if they can.
Raising taxes in California right now is the Dead Wrong policy direction for that state.
(Incidentally, California also pays more benefits and subsidies of various types than most states...to welfare recipients. Is it any surprise that California has three times its share of the national welfare case load?)
Jerry, if you want to fix, balance the California state budget, the place to start is to pare back some of the excessive welfare rolls and benefits (while still protecting the genuinely disabled). And you have hundreds of state offices that do very little good for anyone except the politically-connected hacks that get those jobs. Clean house first, the budget will magically balance... and business, investment, and JOBS will start going TO California instead of fleeing FROM California.
You will then be a hero.
And you can then send me my advisor’s fee.