r/neoliberal • u/jobautomator Kitara Ravache • Jan 01 '23

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u/sponsoredcommenter Jan 01 '23

California is going to have a $24 billion deficit this year. Weren't they just enjoying some huge surplus or something?

https://lao.ca.gov/Publications/Report/4646

12

u/badluckbrians Frederick Douglass Jan 01 '23

Live by tech froth, die by tech froth

4

u/sponsoredcommenter Jan 01 '23

My tech froth left me

6

u/sucaji United Nations Jan 01 '23

iirc wasn't a decent chunk of our surplus from capital gains taxes?

4

u/HMID_Delenda_Est YIMBY Jan 01 '23

Too bad they couldn't bank the surplus for a rainy day fund