Opinion: The Golden State needs a course correction in the new year
The once-projected $100 billion surplus could have been used to reconfigure the state’s tax system, which is overdependent on the PIT — the personal income tax. It wasn’t. Instead, the state’s nonpartisan Legislative Analyst’s Office is predicting a $25 billion deficit beginning next July 1.
Democrats easily won all the statewide offices, beginning with the governor. Whatever the reasons for the GOP’s failure, one-party states don’t do well. Democracy only exists if there’s competition. Several of my friends have skedaddled out of California this year for the Volunteer State, with several others planning to go in 2023 or ‘24. They’re part of an exodus of another 250,000 this year to other states. That means the Golden State, which lost one House member after the 2020 U.S. Census, probably will lose another — or two — in 2030.
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