California’s financial system, which is propped up by Democrats as the model the rest of the country should be following, is completely unsustainable. Even California Gov. Gavin Newsom is now acknowledging that fact.
California’s budget deficit has risen another $10 billion, bringing the shortfall to almost $31.5 billion. Newsom’s updated budget proposal makes cuts almost across the board, with only public schools and healthcare agencies receiving increases. In his previous plan, the state would be making cuts to climate change programs, despite it being such a dire crisis, according to Newsom himself.
That is what makes California fair and “equitable,” but it also means that the state operates at the whims of wealthy residents. When those residents leave, California’s tax pool begins to dry up. In 2021, the state lost nearly $30 billion in taxable revenue.Others are talking about it -- we are doing it.
It's no wonder the new Administration is using CA's progressivism as their roadmap to success. https://t.co/TCOi6uzkHP — Gavin Newsom January 19, 2021 The kicker, though, is that this supposedly fair system does not make the state more equitable. In fact, California has one of the largest gaps between high- and low-income families in the country. California has the highest poverty rate in the country, a disproportionate amount of the country’s homeless population, and the lowest literacy rate in the country.All the while, Newsom spends his time boasting about how high the state’s gross domestic product is.
Simply put, California’s system does not work for most Californians. Newsom himself admits that it is not a sustainable, reliable way to run a state. California is a state run by liberal elites for liberal elites and no one else. Its deficiencies are a feature, not a bug, which is why Newsom hasn’t bothered even to pretend there are any problems as he lobbies for the country to adopt California’s unsustainable, unequal model.
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