California, we are continually reminded, is a cutting edge state. Not so much an early adopter as an innovator. Things happen here, and spread across the country. Social trends particularly; music, movies, television, yes. But also science and technology. We are blessed with enormous natural resources, hundreds of miles of coastline, magnificent weather and world-class universities to generate an educated workforce.
So I ask myself – as the Hobbit works to be paid by an IOU for work this month, as I dodge potholes on the streets and freeways, as I ponder the tax consequences of daily life in income, real estate and sales – how can we be broke?
VDH wonders the same thing, and has some answers of his own.
As goes California…