Frontpage Mag By
California governor Gavin Newsom has announced he plans to give $233,000 in reparations to each black Californian, at a cost of half a trillion dollars. This taxpayer-funded largess comes on the heels of California’s projected $25 billion budget deficit, with state revenue now 41% below expectations due in part to lost tax-revenues from rich residents––who pay half of state income taxes–– fleeing California’s 13.3%, the nation’s highest rate, on incomes over a million dollars.
Such fiscal fecklessness has long been a tradition in California. The reparation scheme, however, would be an irresponsible expenditure given the numerous other spending on progressive pet projects such as free kindergarten for 4-year-olds, stipends for transsexuals, and free health care for immigrants legal or illegal. And don’t forget the $1.5 trillion in public pension debt, and the white-elephant high-speed rail project that has already cost $105 billion since 2010, with completion nowhere in sight. Meanwhile, an ongoing water crisis, crumbling highways, mismanaged forests fueling wildfires, and a vulnerable electrical grid remain neglected.
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Caravan to Midnight
