The sad state of the state of California

posted by
February 20, 2011
Independent Institute
by S. Fred Singer  
Posted in Commentary

"Many must be wondering whether the state of California is beyond repair. This is particularly true after the November 2010 elections when its citizens voted for the same politicians that have brought them the same failed policies. As deficits mount and taxes increase, productive people and enterprises are leaving California for more hospitable states. Inevitably, there will be a tipping point when the state divides between a large welfare population that controls the vote and the rich who live in gated communities but whose tax revenues cannot support the state’s obligations." (02/18/11)

http://www.independent.org/newsroom/article.asp?id=2987  

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