San Francisco, USA. Sept. 14, 2021. California Governor Gavin Newsom, speaks to the press at a labor union event in San Francisco on Election Day, for the 2021 California gubernatorial recall election
OPINION: “Never strike a king unless you are sure you shall kill him,” Ralph Waldo Emerson wrote in 1843. He couldn’t have foreseen the attempted recall of Gov. Gavin Newsom. But it is apropos: The recall not only failed miserably to yank Newsom from office, but actually immeasurably strengthened his political position.
Gov. Brown on Jan. 9 in the state Capitol as he unveiled his 2015-16 draft budget. Brown's budget includes the newly approved "rainy day fund."(Photo: AP/Rich Pedroncelli)
California’s economy may not be booming, but it is definitely on the mend. The Bay Area is churning out high-tech profits and high-wage jobs. In other parts of the state, unemployment is inching down toward full-employment levels. And as always when California’s economy improves, tax revenues are soaring. With an income tax system highly dependent on the wealthy and their investment income, the state treasury typically sees a windfall whenever times are good.