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Next Gen Econ > Personal Finance > Taxes > Another Economic Train Wreck Is Coming In California
Taxes

Another Economic Train Wreck Is Coming In California

NGEC By NGEC Last updated: June 20, 2024 1 Min Read
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California calls itself the Golden State, but its governance is pure lead. Never has an area with so much going for it—weather and natural beauty—been so mismanaged by its politicians. The tax and regulatory wounds they inflict are nonstop, which is why businesses and people are fleeing the state.

But the regulatory wrecking crews in Sacramento are still at it: They’re scheming to ultimately ban diesel-powered locomotives, even though the necessary battery technology doesn’t exist.

This episode of What’s Ahead goes into the ungodly mess California is creating and why, if not halted, it will do us all major harm. Sacramento’s unique transportation ineptitude is on expensive display with its proposed 463-mile high-speed rail system that would connect San Francisco and Los Angeles, already ten years behind schedule and hopelessly over-budget.

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