Author Topic: Is California cracking up?  (Read 20 times)

byram

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Is California cracking up?
« on: August 11, 2017, 08:15:17 AM »
By Victor Davis Hanson - - Wednesday, August 9, 2017

ANALYSIS/OPINION:

Corporate profits at California-based transnational corporations such as Apple, Facebook and Google are hitting record highs.

California housing prices from La Jolla to Berkeley along the Pacific Coast can top $1,000 a square foot.
It seems as if all of China is willing to pay premium prices to get their children degreed at Caltech, Berkeley, Stanford, UCLA or USC.

Yet California — after raising its top income tax rate to 13.3 percent and receiving record revenues — is still facing a budget deficit of more than $1 billion. There is a much more foreboding state crisis of unfunded liabilities and pension obligations of nearly $1 trillion.

Soon, new gas tax hikes, on top of green mandates, might make California gas the most expensive in the nation, despite the state’s huge reserves of untapped oil.

Where does the money go, given that the state’s schools and infrastructure rank among America’s worst in national surveys?

http://www.washingtontimes.com/news/2017/aug/9/california-wealth-inequality-makes-state-crack-up/



The socialist republic of CA is doomed.  :rofl:

The falconer

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Re: Is California cracking up?
« Reply #1 on: August 11, 2017, 04:43:53 PM »
The feds will say for Kommiefornia as they said for GM....'They're too big to let fail'.

Justaguy

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Re: Is California cracking up?
« Reply #2 on: August 12, 2017, 07:17:05 AM »
If states can't secede, can they be expelled?
"There is no hope in government. There is only hope in the Lord and the freedom He gave us."- AtomicLibSmasher, Aug. 2008

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byram

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Re: Is California cracking up?
« Reply #3 on: August 12, 2017, 07:19:49 AM »
That's worth exploring. Maybe sell it to the highest bidder.