The Lighthouse | California revenues falling

Big Surprise? – Brown leading California to the Brink as Revenues Fall Despite Tax Hikes

By Erik Zimerman On December 29, 2012 · Add Comment · In Avvisi, The Whiskey Room

While the media buzz rages about the so called national fiscal cliff (a gross mis-characterization, meant largely to force the GOP to crumble on tax increases), California is heading down to a more real one of its own. With Governor Jerry Brown at the helm, the unions continue to have a free hand on milking wealth producing Californians to the brink, until the state’s beauty, resources and social ties (Hollywood, Silicon Valley, Napa Wine, Salinas and San Joaquin agriculture, the Pacific ports and beaches, etc etc) are not enough to hold them within the sate and they flee to more welcoming regions. Jerry Brown ran for Governor promising to fix California’s fiscal problems and balance the budget. During the 2010 election, I commented the election did not present a very appealing choice, but noted that “…Brown is more likely to push CA passed the brink in collusion with the unions, and actually bankrupt CA.” Also endorsed was Andy Favor for Comptroller rather than the incumbent John Chiang. Not surprisingly, California voters did not agree, and they now find themselves reaping some of the economic consequences of their chosen team. Brown, an ideological leftist with deep ties to the state unions was [...]

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Big Surprise? – Brown leading California to the Brink as Revenues Fall Despite Tax Hikes

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Big Surprise? – Brown leading California to the Brink as Revenues Fall Despite Tax Hikes

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