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Tipsheet

A Cautionary Tale for America

Carol Platt Liebau
Carol Platt Liebau | February 22, 2009 4:10 PM
A Cautionary Tale for America
Investors Business Daily lays out how California has gone down the tubes: High taxes, over-regulation, a government that seemingly lacks the most rudimentary understanding of what creates an attractive climate for business.  What they didn't add -- but could have -- is that the state penalizes productivity and rewards failure, while fostering a political class that reeks of arrogance and entitlement.
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In light of the way that California's big-taxing, big-spending policies have worked out, it's more than a little unsettling that now, Washington seems to be headed down the same road.

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