For decades, the legislature of California has pushed the envelope toward socialism, high taxes and overregulation.
Now the Sacramento Bee has conducted a study of the State’s tax burden. The newspaper found that forty-five percent of the state’s income tax money comes from the top 1 percent of filers – those with adjusted gross income of at least $501,000. See here.
For the most part, only the one percent have prospered at all in the past decade. The real incomes of most other Californians have stagnated or declined.
The State now requires government licenses to engage in most occupations. Starting a business or hiring an employee has become almost impossible for people of limited means. The paperwork burdens are simply too high.
