Author: Dr. Justin L. Adams

Dynamex and the Future of Work

I’ve seen the future and it’s much like the present, only longer. – Dan Quisenberry As has been discussed in these pages, the California Legislature

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Please, No More Taxes

Well, here we go again. Having just “closed” an estimated $42 billion budget deficit in February through a combination of spending cuts and tax hikes, the state of California now faces an additional $8 billion deficit for fiscal year 2009-10, as projected by the Legislative Analyst’s Office.

While no one is entirely surprised by the continued deterioration in the state’s fiscal position, Californians should be disturbed by the magnitude of the ongoing problem. Losing so much revenue in such a short timeframe illustrates just how detrimental state government has been to California’s economic prosperity.

In short, prior to last month’s (partial) budget fix, state government was living a whopping 33% above its means.

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