California Governor Gavin Newsom boasts of California’s robust economy but fails to acknowledge that it’s a state basically living “paycheck-to-paycheck,” with the payee being the taxpayer. Read the state’s plan to cover its budget deficits – endless taxes. Spending growth from 2025-26 to 2028-29 is 5.8%, above the average of 3.5%. Growth over the same period is just above 4%, “lower than its historical average, largely due to policy choices that end during the forecast window. Taken together, we view it as unlikely that revenue growth will be fast enough to catch up to ongoing spending.” Even residents who choose or are forced to leave the state will incur taxes to cover government thievery. Los Angeles is one of countless examples of how the public sector will virtue signal to rob Peter, not to pay Paul, but to pay themselves, as they are not hiding the corruption.
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