Gov. Jerry Brown has been winning all kinds of praise for balancing California’s budget–on paper. But the governor’s boast depends on static budgeting that assumes higher tax rates mean higher revenues, and that pretends businesses won’t close and people won’t move out of the state, taking jobs and businesses with them.
Yesterday we learned of 900 more jobs lost in Silicon Valley. For some reason, many of the tech leaders who tend to support Brown, Obama and the Democrats (if the generalization is unfair, I apologize) seem oblivious to the real-world consequences of California’s policies–even when the effects are happening all around them.