NEW YORK ( TheStreet) -- California will soon have the country's highest state income tax rate at 13.3% and red tape for almost every kind of business is strangling profitability.The high level of government spending, record pay and retirement benefits for government bureaucrats make Greece look conservative and California is spinning in the direction of the biggest bankruptcy of all time. Unemployment is among the country's highest, despite the world's best farm land, Hollywood and Silicon Valley.
California's Mysterious War on Gasoline Cars
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