Yet another rich parasite goes begging
California asking for a government handout is like Warren Buffett, Jr. signing up for public assistance.
Let's review the basics. California is one of the richest places in America and in the world. Its government should be collecting more money per capita than the governments of less affluent states like Lousiana and Arkansas. When your territory includes such cities as Malibu, Hollywood, Santa Barbara, Berkeley, or Silicon Valley, you can never run out of tax revenues.
You may hear that California has suffered from real estate market conditions. That's a lie. Prices are nowhere near 2001 levels. Not even close. California has enjoyed an unprecedented real estate boom, then retreated a little and held on to the lion's share of its gains. Property taxes should be producing enough revenue to meet all budget needs of California and to transfer some of the surpluses to the rest of us.
So what went wrong? Nothing, except the fact that Californians don't want to pay up. When the Terminator was elected, his advisor (none other than Warren Buffett) suggested that Proposition 13 be repealed. The Terminator responded with this famous line: "I told Warren that if he mentions Proposition 13 again he has to do 500 sit-ups". Californian homeowners got their $200,000-300,000 equity boost and continued to pay ridiculously low property taxes. When the treasury ran out of money, a solution presented itself: ask the federal government (i.e. the taxpayers of Illinois and Loisiana) to foot the bill. If you ask the Terminator whether or not he'd be inclined to go back to Buffett's suggestion, he'll say: "I tell you that if you mention Proposition 13 again you have to do 500 sit-ups".
Now, the best idea would be to refuse to pay the bills of rich people who have made up their mind to enjoy the best of the three worlds: high capital gains, low taxes, and free public assistance. As a second-best idea, I suggest you try to do the following: earn $200,000 on the stock market, get yourself a Porche, then go to the welfare office and request assistance with your car payments, citing your poor financial condition. If they ask you about your assets, explain to them that you don't feel like discussing it, and that you'll make them do 500 sit-ups if they broach the subject again. After all, why should you be less entitled than those poor Californians?