The California story : News-Record.com : Greensboro & the Triad's most trusted source for local news and analysis:
"There are definitely different narratives about California, a state blessed with so many riches but which also has fallen into a desperate financial condition. Why?
A letter writer today blames '30 years of relentless tax-cutting.'
She cites the damage done to the state's university system. As a result of that decline, she implies, California no longer will be generating jobs in high-tech industries.
Another narrative is that California remains a high-tax state, and that this and an oppressive regulatory climate actually are driving out industry.
Neither of those narratives is true, although I think the second has more basis in fact.
A recent report from the Public Policy Institute of California addresses some of the issues. I've selected a few key statements:"
"There are definitely different narratives about California, a state blessed with so many riches but which also has fallen into a desperate financial condition. Why?
A letter writer today blames '30 years of relentless tax-cutting.'
She cites the damage done to the state's university system. As a result of that decline, she implies, California no longer will be generating jobs in high-tech industries.
Another narrative is that California remains a high-tax state, and that this and an oppressive regulatory climate actually are driving out industry.
Neither of those narratives is true, although I think the second has more basis in fact.
A recent report from the Public Policy Institute of California addresses some of the issues. I've selected a few key statements:"