This isn’t rocket science. Governments can’t continue to load higher costs onto a shrinking taxpayer base. In tough times, half of the state’s income tax is shouldered by one percent of filers. This is an unhealthy situation, especially since the number of tax returns in the state reporting income above $500,000 dropped by one third between 2007 and 2009 as the economy softened and people left the state.
Hollywood thrives on happy endings. Cutting California’s taxes and regulations that are driving employers out of the state could provide just that, but such policy decisions could well require a new cast – and a new director.
Sunday, September 30, 2012
How California Unions Hijacked the Golden State
Nice summation of what I've been reporting on these past couple of years.