California's Democratic government has really done it this time. Excessive taxes, too much debt and a generous welfare state have made the state's taxes the highest in the nation. So they just raised them some more. The new taxes are expected to collect $5.2 billion per year. State spending has gone up by 53% since 2010, and the new taxes will add to that. Since 2004, California has seen more than 1 million residents move out. That will continue.
There has to be an end to this somewhere.