What Went Wrong With California?
Patrick Boyle On Finance
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California's Economic Dichotomy
This chapter examines the economic disparities between California and the rest of the U.S., focusing on the state's transition from a budget surplus to a substantial deficit. It analyzes the impact of high living costs, housing challenges, and progressive tax policies, as well as the consequences of California's tax reliance on wealthier residents. Additionally, it discusses the historical context of taxation and compares the state's regulatory environment to that of Texas, all while addressing pressing issues like crime and homelessness.
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