We are once again being reminded why the once prosperous state of California is falling into a budgetary black hole and bleeding residents at an increasing rate. (Though to be fair, some of those losses are being made up for by an army of illegal migrants who use up even more resources.) The Democrats who run the state can’t seem to help themselves, and they keep going back to the well with failed ideas to increase state revenue. The latest chapter in this ongoing story comes to us from Stephen Green at PJ Media. It appears that members of the Golden State legislature are once again hyping the idea of a “wealth tax” because there are simply too many gosh darned billionaires hanging around the state and nobody is supposed to have that much money.
Because California is one of those places where bad ideas go to achieve immortality, a wealth tax is being placed back on the table…
