Saturday, January 23, 2010

What World Are These People Living In?

As California faces another $20 billion budget deficit this year, our bureaucrats are intentionally considering throwing this state even further into debt.

How? By implementing a $210 billion a year single payer health system. That would pretty much double the California state budget. Of course, our rulers have no idea how to raise the revenue needed, so the bill would create a committee to attempt to do so.

Yet this might be tough, considering the following:

  • California has the highest sales tax in the nation.
  • California has one of the highest income tax rates in the nation.
  • California has the highest gas taxes in the nation.
  • Property taxes are still in the top third.
  • Corporate taxes are near the very top.
There is a lot of talk now about "developing economies" worldwide. I think California may be becoming a "regressing economy," especially if something like this were to pass.

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