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California’s tax the rich problem. (twitter.com)

posted 135 days ago by BerlinWallCrosser 135 days ago by BerlinWallCrosser +46 / -0

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– Revodude 1 point 135 days ago +1 / -0

If just 1% leave (assuming the average income of the 200), CA comes up another $1.6B short.

Governor Gavin Newsom’s proposed 2026-27 California budget projects a "modest" $2.9 billion deficit, significantly lower than the $17.6–$18 billion shortfall previously estimated by the Legislative Analyst’s Office (LAO).

Digging a deeper and deeper hole. Trying to burn it down. California is about 14% of the US economy. Almost as big as the Japanese GDP. By the way, we pay more in federal, state and local taxes than the entire Japanese economy.

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