Democrats are always at their worst when they can fully implement their policies.
But that means voters can fully see that the Left’s ideas don’t work.
But Democrat Governor Gavin Newsom has a huge problem growing on his hands that he never expected.
California’s Democrat Governor Gavin Newsom clearly wants to run for President.
He has been attempting to glom onto Florida Governor Ron DeSantis, attacking DeSantis in a desperate attempt to raise his own national profile.
However, Newsom should be more concerned with governing his own state instead of picking fights with DeSantis.
Go west, young man . . . in reverse
Unfortunately for Newsom, California residents are voting with their feet by migrating to the free state of Florida.
Businesses are fleeing, too, which is causing California to miss the mark on its revenue projections.
It seems the old adage about going west to seek fortune and fame has withered and the Golden State can no longer rely on its much ballyhooed sunshine and climate to keep populations and tax revenues up in the state.
NBC News Sacramento reported that
“California leaders have been bracing for a possible economic downturn with state personal income tax revenues billions below what was projected for this time of year and conditions outside of the state contributing to uncertainty about its financial future. Gov. Gavin Newsom has spent the last few weeks considering hundreds of bills the legislature sent to his desk last month. As of Friday, Newsom has vetoed more than 20 bills that would have created new programs requiring the use of taxpayer dollars…According to the California Department of Finance’s most recent revenue report, the state is $4.4 billion dollars total below projections for the months of June, July and August. July and August are the first two months of the state’s fiscal year.”
This data tracks with the evidence of residents fleeing the state.
The last two years have been the first two times in California history that the state had net negative migration.
The credit card bill is too high
Newsom admitted as much when announcing a spending bill veto, “With our state facing lower-than-expected revenues over the first few months of this fiscal year, it is important to remain disciplined when it comes to spending, particularly spending that is ongoing.”
When Democrats are talking about the credit card bill ruining too high, that’s a clear sign that the radicals have spiraled out of control.
Democrats have a supermajority in the state legislature, so many crazy ideas get pushed through.
But at least a small dose of reality might be hitting the state in the face.
NBC News Sacramento added that
“Department of Finance spokesman H.D. Palmer said Friday revenue is down because of a number of factors, starting with the state’s highest earners. This generally includes Californians who make $500,000 or more a year. The state’s progressive tax structure heavily relies on those earners. To put it into perspective, Palmer noted in 2020, income tax returns for the state’s top 1% of earners accounted for 49% of the money paid to the state in personal income tax that year, totaling $50.9 billion.”
High-profile people are leaving the state, and they’re taking their revenue with them.
California is also losing its start-up energy, as only nine California companies went public in the first three quarters of 2022, which is a shocking nine-fold decrease from 81 the year before.
California has a great location and weather, but the Democrats are still finding methods to chase people away.
Stay tuned to Blue State Blues for any updates to this ongoing story.