San Diego Housing Market News and Analysis
Big government and absurdly strong unions destroyed Greece and Spain. Expect no less for California.
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Submitted by ctr70 on November 11, 2012 - 11:47am
Good post by Mish.
I think with the Dem super majority now in CA, the Dem legislature is now going to just sit around all day and think up new ways (like Prop 30) to tax those so called "rich" (although we all know $250k in Coastal CA is not even close to rich) more & more. While at the same time doing very little to stop the parasitic state retiree pensions from sucking the life blood out of the state, as the Dem legislature bows down to the mafia like state public unions that have them in their pockets. Pretty scary stuff. The best thing to do is vote with your feet and leave the state and watch it implode from a distance while they tax their best and brightest high income w-2 workers to death.
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