California from $100 Billion Last Year to Some $30 Billion Deficit Leading to Increase in Increasing Exodus of Business and Taxpayers from the State

 

California has been on an F ticket roller coaster
From a $100 billion surplus we are a well-managed boaster
To a projected deficit of $22.5 billion which looks like it will get worse
To the tune of another $7 billion more due to falling stock market valuations curse
Time for taxpayers to begin to wonder
As our fiscal security is being torn asunder
Is whether exodus of really large numbers from this state
Of taxpayers and businesses mean we will be in continuing dire straits
California was once known as the Golden State
For weather yes but also for the wealth created by new technology driven businesses that did not abate
For college grads in computer science, engineering and biology 6 figures comp salaries awaiting
When does the crime, drugs, stratospheric cost of housing and taxation rates end the debating?
On issue of whether to stay here or move to a low cost standard of living and low tax rate state?
With moves in Sacramento to tax wealth why would an up and comer wait
Move to other states and work on line
In a safe place free of feces and growing crime
The worse living in California becomes
The better the chances potential high earners will run
With illegals and low income soon to be on welfare being more and more of those remain
Causing need for more public spending for life’s necessities and tax revenues going down the drain.

© 2/21/2023 Michael P. Ridley aka The Alaskanpoet