California too broke to deal with imaginary threats dreamed up by social engineers

California is broke. Its nearly bankrupt status leaves residents with few financial resources to deal with imaginary threats to health and safety.

Yet in the face of an economic meltdown, the state still allows special interests to dictate high cost administrative procedures.

The reasons California is suffering severe economic woes is clear: It has the highest sales tax in the country and the 6th largest overall tax burden. As its voluminous environmental restrictions are based on political interests rather than sound science, they significantly hamper the ability of California’s entrepreneurs to conduct business profitably.

According to a recent California Legislative report, regulation costs Golden State businesses approximately $493B in lost output and 3.8M jobs – resulting in a tax revenue loss of $16M.

The annual regulatory burden per person is $13K.