Left wing challenges Jerry Brown’s tax boost
By John Seiler
Our friend Ben Boychuk of City Journal California writes an incisive analysis of how Gov. Jerry Brown’s $9 billion tax increase initiative is being challenged — by a $10 billion tax increase from his Left. Ben:
Jerry Brown wants Californians to believe that the state, facing a current budget deficit of $9 billion, has a revenue problem. In fact, what the 30 million residents of the Golden State have is an entitlement problem. From health care to state and local public-employee retirement benefits, Californians face as much as $500 billion in unfunded liabilities for pensions alone. The state’s unfunded health-care liabilities top $62 billion.
Brown’s new budget actually proposes a 7 percent increase in spending, though it offers to cut some services. All of the governor’s plans assume that substantial, voter-approved tax hikes will provide billions in new revenue, helping to pay for the extra spending and shrinking the deficit. “I’m promising wine and roses,” he told reporters after a speech last month, “but not in 2012.”
Read the rest here.
Ben titled his analysis, “Guns and Roses,” a take on Brown’s phrase; also a reference to the rock group that was based here. Speaking of which, here’s a YouTube of G ‘n’ R’s “Welcome to the Jungle,” which describes California’s tax climate, especially the lines, spoken by the governor and Left-tax increaser Molly Munger:
In the jungle, welcome to the jungle
Watch it bring you to your kn-kn-knees, knees
I wanna watch you bleed
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Steven Greenhut: In my column for City Journal, I provide insight into how the likes of Treasurer Bill Lockyer think.
John Seiler: I’ve had enough. Four and a half months of Gov. Jerry Brown, Part Deux, is four and a
With the state facing $500 billion in unfunded pension liabilities, you might think the state’s pension funds would do everything