David Friedberg

And it starts with the government spending.

And it starts with the government spending.

If we didn't have the government spending the way it does, where the government's running a deficit, California is now expected to have a 50 billion plus dollar deficit,

If we didn't have the government spending the way it does, where the government's running a deficit, California is now expected to have a 50 billion plus dollar deficit,

then they don't need to increase taxes.

then they don't need to increase taxes.

And this is the core motivation.

And this is the core motivation.

Once you're hooked on the government for some sort of benefit, it's very hard to unhook yourself.

Once you're hooked on the government for some sort of benefit, it's very hard to unhook yourself.

It's very hard for a company or a union or an organization to unhook themselves.

It's very hard for a company or a union or an organization to unhook themselves.

And it definitionally becomes a spiral.

And it definitionally becomes a spiral.

You will not give up that benefit.

You will not give up that benefit.

And so you have to spend incrementally more and more and more and more.

And so you have to spend incrementally more and more and more and more.

And as you raise taxes, you end up losing the tax base and it becomes a deficit spiral.

And as you raise taxes, you end up losing the tax base and it becomes a deficit spiral.