This is the EXACT problem with government

What do you do when you increase tax revenue as the stock market hits record highs? You approve more spending to spend all the tax revenue plus an extra $2B more. The next recession will be brutal. This is as dumb as planning your personal budget around a record commission/bonus/RSU year and hoping you make that much every year.

It’s also the issue with tax revenue being so dependent on the top 1% who have volatile incomes. How on earth do you plan and budget? Just wait until the current millionaire surplus tax gets expanded to include more people.

1 Like

Looking at how Spain is faring, fate of California would be similar.

1 Like

Geez, just when I thought the Gov was pretty good I am reminded once again of the saying, “A leopard, (in this case, a Democrat) can’t change its spots”…