California Governor in Damage Control as Business Tax Revenue Collapses скачать в хорошем качестве

California Governor in Damage Control as Business Tax Revenue Collapses

California’s business tax revenue didn’t merely miss expectations — it collapsed. In just a few months, billions of dollars evaporated from the state budget, triggering emergency revisions, rushed projections, and a sobering realization inside Sacramento: the taxpayers financing California’s government are leaving — and many aren’t coming back. In this investigation, Megan Wright explains how California built a fiscal system dependent on a narrow base of high earners and highly profitable corporations — and what happens when those pillars exit. This video breaks down: • Why California’s revenue model was structurally fragile • How business and high-earner outmigration detonated the budget • Why heavy reliance on capital gains and progressive taxes backfired • How spending surged during boom years instead of preparing for downturns • What widening deficits mean for public services, pensions, and working families • Why borrowing and short-term fixes only postpone a deeper reckoning This isn’t a partisan argument. It’s math. Incentives. Consequences. 💰 When taxpayers leave, revenue collapses 💰 When revenue collapses, promises break 💰 When governments ignore mobility, systems fail 👉 Join the discussion: Can California survive without its largest taxpayers — or is this the beginning of a fiscal death spiral? Subscribe for investigations that follow the money, not the spin. Share this video — because California’s crisis is becoming a national test case.