BY FROMA HARROP “The not so Golden State” is how a recent issue of The Economist magazine tags California’s business climate. It’s the latest in a trove of conservative literature trying to dance around the fact that high-tax, highly regulated, bureaucratic states can be economic powerhouses. The writers deal with the “problem” by burying reality under a pile of “buts” and “howevers.” In recent years, California has indeed suffered from gridlocked government, punishing pension obligations […]

High Taxes, Regulations And Doing Fine
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