California Legislative Analyst Says Not Enough Rich People to Fund State's Bloated Government

Via Theo Spark

American Power
Verbatim Post

At some point you just run out of obscene 1 percenters people to rape and plunder.

At Los Angeles Times, "Tax hikes won't stop school cuts, California budget advisor says."

Even if the Governor Brown's confiscatory ballot initiative passes, Mac Tayler, the Legislative Analyst, warns that:

...state revenue will become increasingly unpredictable if government relies more on tax receipts from high earners, whose income can fluctuate dramatically. That reliance would grow under Brown's tax plan.

"Already, California's budget is dependent on volatile income tax payments by the state's wealthiest individuals, and the governor proposes that these Californians pay more for the next few years," Taylor's report said. "As has become evident in recent years, differing fortunes for these upper-income taxpayers can create or eliminate billions of dollars of projected state revenues."