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Victor Davis Hanson: 'Is California Cracking Up?'

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The only things California has going for it these days are the beautiful scenery and the great weather, but that's not enough to sustain the people's will to live here.

We're living in a feudal state, where the super-rich coastal elites live in a bubble immune to all of their taxes and "progressive values." Meanwhile the middle class is getting squeezed out and driven into poverty.

Victor Davis Hanson sums up what's happening in California perfectly in his latest piece, "Is California Cracking Up?"

Here's a beginning of his article, you can click here to read the whole thing:

"Corporate profits at California-based transnational corporations such as Apple, Facebook, and Google are hitting record highs. California housing prices from La Jolla to Berkeley along the Pacific Coast can top $1,000 a square foot. It seems as if all of China is willing to pay premium prices to get their children degreed at Caltech, Berkeley, Stanford, UCLA, or USC. Yet California — after raising its top income tax rate to 13.3 percent and receiving record revenues — is still facing a budget deficit of more than $1 billion. There is a much more foreboding state crisis of unfunded liabilities and pension obligations of nearly $1 trillion..."

Click here to continue reading at the National Review.

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