Further In California's Financial Affairs

Dick and Sharon's LA Progressive

Noted earlier that WE'RE NUMBER SIX!! Now The Washington Post digs deeply to discover how it's done:

In 2012, voters in California approved a measure to raise taxes on millionaires, bringing their top state income tax rate to 13.3 percent, the highest in the nation. Conservative economists predicted calamity, or at least a big slowdown in growth. Also that year, the governor of Kansas signed a series of changes to the state's tax code, including reducing income and sales tax rates. Conservative economists predicted a boom.

Neither of those predictions came true. Not right away -- California grew just fine in the year the tax hikes took effect -- and especially not in the medium term, as new economic data showed this week.

Now, correlation does not, as they say, equal causation, and two examples are but a small sample. But the divergent experiences of California and Kansas run counter to a popular view, particularly among conservative economists, that tax cuts tend to supercharge growth and tax increases chill it.

Once again we see that one side (the left) is correct & one side (the right) is wrong. Man bites dog. And delusional conservative economists can bite my ass!

Should you like to hear our state song, to which I & millions of others have been subjected, esp. during baseball games (Indeed, it just ran on the Dodger game as I was searching YouTube for it!) for the last four yrs., now is your chance to suffer as well.