California Is Killing the Golden Goose
The Robinhood CEO says he loves this state. That's why his warning should terrify Sacramento.
BART can't produce the invoice for a consultant report it used to argue against fare enforcement — even as it pursues a new tax measure. That's the latest example of a pattern this channel tracks closely: California governments spending without accountability, from SF's 540-page charter that made a single public toilet cost $1.7 million, to public sector unions steering $240 billion in state spending toward their preferred gubernatorial candidates. The fiscal reckoning is here, and a few officials are finally fighting back.
The Robinhood CEO says he loves this state. That's why his warning should terrify Sacramento.
Public sector unions collect nearly $1 billion a year to control Sacramento. Normal citizens? A trickle against a torrent.
$30 billion stolen in unemployment fraud alone. California's gubernatorial candidate says fix it before raising taxes.
For years, the state bled $20M/month in EBT fraud using ancient systems. The fix took chip cards and AI—things we've had for a decade.
The Governor touts a 9% drop in "unsheltered" homelessness. The actual numbers tell a very different story.
Per capita spending jumped from $4,350 to $12,940 while population grew just 11%. Where did all that money go?
Half of California's billionaire wealth has fled the state—and the wealth tax isn't even on the ballot yet.