As California lawmakers in Sacramento push forward with ambitious new tax proposals to plug budget holes created by federal cuts and runaway spending, one inconvenient truth stands out: the state isn’t broke because it taxes too little. It’s hemorrhaging money through fraud, waste, mismanagement, and a bloated regulatory apparatus that strangles businesses and drives residents away.

Olympia, WA — On March 30, 2026, Governor Bob Ferguson gleefully signed Senate Bill 6346 into law, imposing a 9.9% income tax on Washington households earning more than $1 million a year. The so-called “Millionaire’s Tax” takes effect January 1, 2028.

America’s states face chronic budget shortfalls from ballooning pensions, entitlements, infrastructure promises, and post-pandemic spending. Politicians’ go-to fix? Target the rich with new wealth taxes on net worth, steep “millionaire” income surtaxes, capital-gains levies, or revived intangible property taxes.

New US Census Bureau and state data confirm that California’s long-running population outflow showed little sign of slowing in 2025, with Los Angeles County recording the nation’s largest numeric population decline and the Bay Area continuing to shed residents through domestic migration. While some stabilization appeared in U-Haul one-way moves, the broader trend—driven by high housing costs, taxes, and quality-of-life concerns—persists.

Once the beacon of glamour, opportunity, and endless sunshine, Los Angeles has increasingly come to symbolize urban dysfunction. In parts of the city—particularly downtown and areas like Skid Row—the landscape resembles a dystopian wasteland

Socialist New York City Mayor Zohran Mamdani's recent announcement of a staggering $12 billion budget deficit over the next two fiscal years has sparked controversy. The mayor pinned the blame squarely on his predecessor, Eric Adams, for alleged fiscal mismanagement.But this narrative conveniently overlooks a key fact: Adams himself publicly warned in 2023 that unchecked funding for migrants arriving in the city could balloon into exactly this $12 billion crisis.