danielpalos
Diamond Member
- Banned
- #141
working on improving infrastructure will solve many problems.we recently legalized marijuana and expect an increase in revenue to help solve our problems.California has already had a public health breakdown (Hep A), cut other basic services and raised taxes for 2018.
IL is still in its perennial crisis.
The also runs of MA, NJ and NY may also trigger a multi-state fiscal crisis.
The blue state out-migration race starts with publishing of the new W-2s in Feb. When either the first warrants under the takings clause are issued or special legislation for the states in trouble to use Chapter 3 bankruptcy to get out of their self-created mess passes that will be golden for the 2018 election. The Ds will have nothing to prevent one or both of those solutions taking them down. The Manhattan tax bill real estate crash began early in the 4th qtr of last year and that in turn means that the Blue state tax base started disappearing before the tax bill really began moving in committee. A lot of Ds will be plea bargaining their way out of jail prior to the election.
It will reduce the size of California's problems for a while. But with what looks like a nearly trillion dollars of unfunded liabilities and nearly as much in unfunded infrastructure maintenance 50 billion in revenues will be a drop in the bucket. Also the percentage of middle-class former home owners who will not rebuild and run like hell for some other stateline with their insurance money in hand will climb. Eastern California seems to be getting serious about becoming another state as well. Even East and South Asians are starting to bypass CA. And it will get progressively worse.