Another California Tax Grab
The politicians have fueled an affordability crisis that drives away businesses and exacerbates homelessness.
California Gov. Gavin Newsom let his 2-year-old son run on stage to display his soft side as he delivered his inaugural address Jan. 7. Then he showed his command-and-control side by making clear he wants more spending and new taxes.
California took in record tax revenue in 2018, beating estimates by $1 billion according to the Los Angeles Times. But Mr. Newsom demanded even more: “I want to see the [companies in Silicon] Valley step up and match our contributions,” he said, referring to his proposed $500 million workforce-housing...