Governator to raise taxes

The LAT reports this morning that California's governator is looking for ways to raise taxes to cover a deficit that could amount to $20 billion. If true, it's enough to send a person into a rage. California has for years spent more than it took in, though the amount it takes in rises each year. The legislature raises spending faster. Spending targets are based on the highest revenues ever collected. If revenue growth falls short a deficit results. The legislature then wants to raise taxes to cover the deficit. But California is already one of the highest taxed states. Raising taxes drives successful people and businesses out of state. They are replaced by immigrants who don't pay much in taxes. It's a vicious circle that could become a whirlpool, drowning California in debt.