I think the random section about NY is irrelevant, but CA’s highly volatile tax revenue system, its long-term financial liabilities and how these two things intersect w/ the tech industry and land-use are mostly spot on.https://link.medium.com/gV9cFzLnZU
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Yes, but this is pretty divorced from the scenario in the original post. In 2009, it was a statewide issue (other areas of the state were hit much harder). No argument from me on the cyclicality of CA revenue. We depend too much on cap gains.
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Yeah, this video explains it:https://twitter.com/johnmyers/status/731191553301975040 …
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