Governor Jerry Brown Trippin’ on His Psychedelic Budget

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Athens, Lisbon, Rome, Beverly Hills, so sophisticated, so cool to live there, so “fabulous,” SO BROKE. Delaware – live there? Learn  from them? Are you kidding? Remember Joe Biden?
But Delaware is “rich!”

How. come?

In the 1970’s it had the highest State tax rate (here we go again!) ALMOST 20%!Then Governor Pete du Pont (with a family-name like that, what could he know about the working man?), CUT THE RATE. To 6%.

Ready for this one?

In 5 years, revenues doubled and Delaware retained the best state credit rating.

Forget California!

That brings us to my “favorite  remnant” from the 60’s, Governor Jerry Brown, of California. “No problem,” he tells his union- based supporters. So what that he has a $9.2 BILLION DOLLAR DEFICIT!

Ready for this one?

He is going to :

1-   RAISE THE STATE INCOME TAX AGAIN  to 13.3%!

2-   RAISE THE STATE SALES TAX to 7.5%.(actually  9% if you add on many local sale taxes)

UNBELIEVABLE!

“That will do it to raise the money to pay off the deficit,” he says. Unfortunately, even his own “Legislative Analyst’s Office” told him that this will never happen! Perhaps, LSD still remains in his system.

Why is California is such distress? Why are so many companies moving to Texas? Or, even, Delaware? Part of the reason is that the top 1%  PAY ALMOST ONE HALF OF ALL STATE INCOME TAX REVENUE, the 4th highest in the nation! Capital gains collections went from $1.6  billion to $734 MILLION last year.

WOW!!!

How could he possibly make it worse? You got it!  His new budget raises spending 7%!  Hello Unions! Hello entitlements! Hello re-election promises!

WAKE UP AMERICA!

215 DAYS TIL NOVEMBER!

PS:  Thanks to the WSJ for the stats.

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