Where is the "California is over" gang now? This is starting to look like "the boy who cried wolf".
California announces it has a record $97.5B budget surplus.
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High taxes and printed money..
How did CA print money?
The surplus comes from excessive tech stock valuation, a lot from companies that have never made a profit and do not have a clear path to ever make a profit, due to loose fiscal policies that directed a lot of money to a select few elites.
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both groups are wrong. california is horribly governed but it will never matter b/c people want to live in california b/c of it's natural beauty and temparate climate and as long as you have money you can largely avoid the bad aspects of california which means large companies and their boards/large shareholders/c suite will never have any incentive to leave.
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both groups are wrong. california is horribly governed but it will never matter b/c people want to live in california b/c of it's natural beauty and temparate climate and as long as you have money you can largely avoid the bad aspects of california which means large companies and their boards/large shareholders/c suite will never have any incentive to leave.
After this year's fire season, you will walk this opinion back with 65% certainty. The yearly fires will only increasingly worsen until a large portion of the state is uninhabitable.
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High taxes and printed money..
How did CA print money?
The surplus comes from excessive tech stock valuation, a lot from companies that have never made a profit and do not have a clear path to ever make a profit, due to loose fiscal policies that directed a lot of money to a select few elites.
Unrealized capital gains are not taxed...
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High taxes and printed money..
How did CA print money?
The surplus comes from excessive tech stock valuation, a lot from companies that have never made a profit and do not have a clear path to ever make a profit, due to loose fiscal policies that directed a lot of money to a select few elites.
Unrealized capital gains are not taxed...
reeeeee you heckin liberls stop gettin in the way o fmuh feelinz
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both groups are wrong. california is horribly governed but it will never matter b/c people want to live in california b/c of it's natural beauty and temparate climate and as long as you have money you can largely avoid the bad aspects of california which means large companies and their boards/large shareholders/c suite will never have any incentive to leave.
Not just weather. Diversity of smart people from all over the world and the adventurous spirit is unmatched. The original settlers of California were opportunists looking for gold, and that spirit of entrepreneurship never died
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This is almost surely a one time windfall. Of course politicians will act like mrns and go on a spending spree as if this is an increase in their “permanent income.”
This. Rather than use the windfall to reduce the pension deficit, or create a “rainy day fund” as Jerry Brown pushed, they’ll hand it out to buy votes.
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This is almost surely a one time windfall. Of course politicians will act like mrns and go on a spending spree as if this is an increase in their “permanent income.”
This. Rather than use the windfall to reduce the pension deficit, or create a “rainy day fund” as Jerry Brown pushed, they’ll hand it out to buy votes.
Literally happened last year