The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Friday, March 16, 2012

California Tax Revenues Plunge; Businesses Exit "Taxifornia" in Droves

California is a mess. Revenues are plummeting, businesses/people are leaving and the government is addicted to spending and raising taxes.
Inquiring minds have noticed a huge plunge in California Tax Revenue for the month of February compared to February 2011. That is a 22.55% plunge in spite of the fact that this February was a leap year adding a day to the calendar.... Businesses fed up with high taxes have fled the state....If Brown continues to suck up to the public unions responsible for the mess California is in, expect still more businesses to leave, expect the unemployment rate to rise, and expect a continued plunge in revenue.

Read the rest here
Mish's Global Economic Trend Analysis