Dying California Cannibalizes Itself
Posted by John Hitchcock on 2012/11/07
I have written multiple articles chronicling California’s Leftism-caused death throes. Yesterday, Californians, in their great wisdom, have decided to cannibalize themselves, (HT Patterico) devouring whatever healthy parts they had left. As businesses and working families have been fleeing the state for healthier locales, Californians have just finished voting to raise income taxes on the most productive of what’s left, raise corporate tax rates for the businesses which haven’t yet fled, raise sales taxes. Californians have also voted not to curtail Public Employee Union power, that power that has already caused multiple California cities to declare bankruptcy. What does this mean for the once-great state of California? It means more business closures. It means more flight of the producers out of the state. It means less tax revenue for the state. It means higher unemployment, higher poverty rates, more personal and corporate bankruptcies. It means more cities going bankrupt.
And this time, it also means fewer places to run to. Because the next four years will be Sheol for all of the US, as Obama exacts revenge on everyone who stood in his Socialist way (meaning Conservative states and Conservative people) as he unleashes his bureaucrats to write all manner of growth-destroying laws, free of the need to even consult the US Congress.
The next four years are going to be a very bumpy ride for all of us, but never so bumpy as the ride Californians, Illinoisians, Marylanders, New Yorkers are going to take.
Welcome to the Socialist caused Sheol, folks.
This entry was posted on 2012/11/07 at 12:09 and is filed under economics, Liberal, Obama, Over-regulation, Personal Responsibility, politically correct, politics, Socialists, society, Tax. Tagged: California collapse, corporate tax, Governor Jerry Brown, Income tax, Public Employee Unions, sales tax. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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