william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
They have an exodus occurring that makes Grapes of Wrath look like a vacation.CA is not the only state that does this and may not even be the worse in percentage terms, I don't know. What I do know is that being the most populous state it screws over the most people.
Pretty soon the only people that will populate the state are Queers, Welfare Queens, Illegals, Moon Bats, Hollywood assholes and Silicon Valley billionaires that drive around in Prius.
Given the normal levels of population loss 1-2% of the affected area and the massive amount of insurance payouts needed to bankroll their exodus CA will need a massive tax increase to survive:
1 year wait for building permits
mudslides are yet to come and they will multiply the damage
Those unconstitutional taxes will have to be repaid with interest.
I'm mildly surprised that CA is not yet in default.
There are additional tax multipliers.
It took six weeks for Nero to burn down Rome and he got only up into the millions. CA burned down and with mudslides coming CA is likely to have a damage total in terms of tax base in the low trillions.
Capital flight, higher insurance payments for everything and a likely decision on the tax case that will further multiply needed taxes. Figure on a 60 year recovery period minimum.