Taxing the gold out of California

Shannon Love:

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California has followed the grim path of the Great Lakes states.

As I wrote before, those states where once the industrial dynamo for the entire Earth, yet they destroyed that enormous economic dominance by political policies hostile to economic creativity. Likewise, California had a golden era as an economic and cultural dynamo. Well up until the late 1980s California was the place to go to make it big. People moved from other states to California. Now, internal migration has reversed. California looks less like a dreamland and more like basket case waiting to happen.

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Liberalism with do that to you. As liberalism drives jobs and people out of the area the liberals usually redouble their efforts with increased debt and taxes which drives even more people out. Because of the ups and downs of the energy economy Texas tends to be counter cyclical. But in the down turns we seem to have the wisdom to cut back on government spending instead of increasing taxes.

California has some scenic areas and some places with a neat climate, but too many liberals are making it a place hard to line in. Poor Arnold got sucked into the tax and spend vortex and could not fend enough people with the political will to stop it so he went along and now looks a lot like Grey Davis.