The future of America

As you can read here in this article, California is broke. There's a massive financial shortfall, and the state may need help from the federal government. That means you and I may have to pay to keep California from collapsing.

Amazing what happens in the public sector. Runaway spending, no accountability, and petty bureaucrats spending other people's money. Unfortunately, this looks like the future of the entire country, since the entire banking system is insolvent.

The People's Republic of California

I long age nicknamed the big state out west the People's Republic of California. After all, with its high taxes and excessive regulation, it's the closest thing we have to a full-blown socialist state here in the good 'ol USA (not to mention my home state of New York, Taxachusetts, and New Jersey, where its against the law to pump your own gas and serve runny eggs).

As you can read in this article, the state is melting down with a $16 billion dollar shortfall. It's credit rating is higher than only one state, Louisiana. What's the governator to do?

Labor shortage in high tax Denmark

Want to know what full-blown socialism looks like? Here's an article about the brain-drain, I mean, labor shortage in Denmark. Why are people leaving? Income taxes can reach as high as 63%. Imagine grossing 100k and taking home $37,000. Sounds great, doesn't it? I didn't think so. Which way is America heading? In Denmark's direction.

I've already got my tax-haven picked out. How about you?