The Self-Inflicted Economic Wound

Citizens typically put up more of a fight regarding taxes when they see a government in a fiscal crisis which has been self-inflicted over time. In California, for example, the state is pictured next to the dictionary definition of “how not to operate a state.” Liberal politicians pushing liberal policies of excessive taxation and excessive deficit spending have left a state, which should be economically robust, in a fiscal hole the likes of which only President Obama could be envious.

All that being said, on Tuesday we witnessed a change in the mindset of California voters who, for the first time in many years, bought the notion that raising taxes on the wealthiest, most productive citizens in the state will help bring the state into solvency. Proposition 30 in California temporarily increases sales tax for everyone by a quarter cent and raises income taxes for those making over $250,000. In other words, it is the “millionaires tax.” The sales tax may seem trivial but the income taxes on the upper tax brackets are a glaring acknowledgment of failed decades-old liberal policies.

Fifty-four percent of Californians were convinced that the economic woes in their state can be solved by siphoning more money from the private economy and pouring it down the economic rat hole that is the state budget. Liberal politicians, and the low-information voters on which they prey, are convinced in their soul that the issues facing California have nothing to do with the state’s lavish social programs or inability to cut even a dime from any budgetary item on the state’s ledger. However, that won’t stop them from selling the notion.

Taxing higher earners in California does nothing to address the numbers on the other side of the equation. Is there anyone with reasonable mental capacity who will argue that the state’s budget problems arose from a tax burden which was too low? Some will argue that and when they do, you know which side of the problem on which they stand on.

Though I do not reside in California and have made it a life goal to stay at least 100 miles away from the border at all times, I believe the state serves as a model from which other states can learn valuable lessons. Perhaps, and I know this is silly, even the federal government could take a peak at the west coast and learn a thing or two.

The vote in California to pass proposition 30 is just one example from the 2012 election where enough voters were convinced that the answer to their fiscal situation lies with wealth redistribution. The guise of proposition 30 was to prevent cuts in education funding which is always the route which liberals use to peddle more taxing and more spending.

If voters are convinced that voting against a proposal will make their children stupid, their inclined to vote for it. Never mind that perhaps too many people voted for earlier proposals that purported to save education which might be the reason the present day voters are so easily swayed and lack basic critical thinking skills.

As a result, California is becoming less and less inviting for anyone with a high earning potential. States like Texas, Florida and Arizona are reaping the benefits of California’s continuing failure.

Once the upper tax brackets leave and take their wealth with them, who will be left to blame for California’s failed policies? Two words: state bailout.