“Had Enough? Californians Turn Down Higher Taxes, Debt”
March 12, 2020
“Everyone knows that living in California comes with a price: Its residents pay some of the nation’s highest taxes on the money they earn, the gas they pump and the clothes they wear. But for the moment, at least, it appears voters have had enough.
The defeat Tuesday of the largest borrowing proposal in the history of California schools — $15 billion for repairs — has opened the question of whether Californian voters put a temporary halt to the growth of government debt because of the unsettled political scene, or because they are on the cusp of a tax revolt akin to one in the 1970s that brought landmark changes to property taxes…”
Living in a high tax state is a big no-no. Over bloated taxes have no positive. Taxes are necessary but if you’re trying to make money keeping them at a minimum is a must.