State government is far too large. Employees enjoy pensions and compensation far above that found in private enterprise. Spending exceeds the rate of growth and inflation. Plentiful oil is not drilled; rich farmland is taken out of production; available timber is not always logged; nuclear power is shunned; key roads are delayed; natural wealth is considered nature’s, not man’s; yet men are not to live natural lives.
And who is at fault? “They” are:
This weird “they” is what killed California, the notion that somewhere in a room a group of plutocrats sits on bags on ill-gotten gold and can be dragged out and forced to cough up bullion in tough times. Do we believe that the Big Four of Huntington, Stanford, Hopkins, and Crocker are still around, hoarding half of the state’s resources?
Read it all.
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