California seems determined to prove out that old saying of President Reagan’s, about government: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. California has become a veritable tax-a-palooza, and they have already driven many of the productive residents out of the state—those being the people who work, who invest, who start and run businesses, and who create jobs. From the impeccably coiffed Governor Gavin Newsom, he of the questionable finances, on down, nobody in California’s government seems to understand the notion of incentives, or how they work.
Now, California is about to press the TURBO button on stupid, with a horrifying round of new taxation.
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