Tag Archive: California is Greece

on June 8, 2015 in World News

California is Greece, But with Capital Gains

by Chriss W. Street California is Greece, But with Capital Gains California not only has the highest poverty rate in the U.S. at 23.4 percent, but that rate is now also higher than Greece, at 22.3 percent. With huge capital gains rolling in, the Democrat-controlled state legislature has been using “one-time-taxes” to spike welfare benefits as a magnet to attract more Latino illegal immigrants that they expect will vote reliably for Democrats. But with a “structural deficit” that relies on $15 billion in capital gains taxes to balance, California will be as broke as Greece if the stock market ever… View Article

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