California is facing a budget deficit. That much is no longer in dispute. Did you know that 50% of our state revenue is generated by 1% of our state’s population? Those rich people who are derided as evil by some are the ones funding half our state budget and our state is driving them away as fast as it can, while inviting record numbers of low-income earners and incentivizing them with free benefits.The governor’s own proposed budget puts the shortfall at roughly $2.9 to $3 billion, while the state’s nonpartisan Legislative Analyst’s Office estimates the true structural deficit is closer to $18 billion if revenues soften. Different methodologies, same conclusion: California is operating in the red — even during what is still considered a strong economic period.Nearly hal
