Yup, California has high tax rates, especially the wealthy, but leads the nation with economic growth - more than twice the national average.
And yet still has the highest amount of state debt in the nation. Something is wrong with that picture.
And it wasn't because of...
The debt is big because of wall street, not because of mismanagement or corruption, from what I can tell. It was a result of the dot com bust and the housing crisis.
I'm surprised you didn't blame CA's debt on capitalism as that seems to be your go to.
I'm sorry but you are WAY off base as to why this state is buried in debt. I mean, you hit Wall Street, the housing crisis, and the dot-com bubble. Why no mention of CA's massive expenditure and welfare programs or how the state has to borrow (take on debt) to fund its public pension liabilities after years and years of gross mismanagement? I suppose those are of no consequence. Nope, it was a bunch of tech stocks getting crushed 15-17 years ago...
About the only accurate thing was this...
You can paint Cali like a shit-hole all you want, but it's not the reality