The chart of this self-destruction has been curving upward steeply in recent years and will certainly take a steep jump with the newest tax increase.(It was sold as a temporary tax but sensible people just laugh at this promise.)
The tax deficit this year will be near $30 billon, adding another $2,500 of debt per household to pay off. With the top earners leaving, the middle earners will have to be taxed even more for essential services. Yet the Governor has approved another $100 billion debt for a fast train and is trying hard to get approval of a $25 billion debt for entirely unnecessary tunnels and levees raising in the Sacramento Delta.
It seems reasonable to wonder whether the Governor is breaking California's bank to create a legacy for himself or to drive conservatives out so that he may enjoy unrestricted power, as Fidel Castro did so successfully.