Here is a tax revenue comparison for California of June 2012 versus June 2011. It appears that Jerry Brown’s “solutions” to California’s problems don’t seem to be working. A new town files bankruptcy every week. Why would corporate tax revenue decline by 28%? Obama says we’re in a recovery and Wall Street tells me corporate profits are at all-time highs. I guess they are talking about their mega-corporation cronies. The only explanations for corporate tax revenues plunging are: small busnesses are going bankrupt, corporate profits are plunging, or corporations have packed up and left California. Sales tax has plunged by an even greater 33%, indicating that the people of California have stopped buying shit. But somehow median home prices are at two year highs. WTF????
And Jerry’s solution to this disastrous turn of events – ask the citizens of California to vote for higher taxes in November. California is truly the land of nuts and fruitcakes.