As Detroit found out you can only spend so much before the money runs out. Whether it be the process of political incompetence/corruption as in the case of Detroit or government gone wild as in California, eventually taxpayer money runs dry.

Detroit was a glimmering city where the auto industry and other large companies thrived, but union influence and politicians in a rush to get a slice of the pie finished the city off.

Welcome to California.

The story also fits the familiar narrative of successful businesses fleeing the regulatory or tax hassles of California for the freedom of Texas. We can appreciate it whenever a journalist stops to question an easy narrative, but in this case the conventional wisdom is also the truth. Huy Fong Foods is demonstrably harmless, a victim of oppressive government.

Huy Fong Foods, which sells some 20 million bottles a year of its Sriracha sauce, built a $40 million plant in Irwindale after the city offered a loan on generous terms. After Huy Fong Foods repaid the loan early, the city turned on the company, filing a lawsuit, siccing air regulators on the company and declaring it a public nuisance. keep reading

The golden state is following the same model as Detroit, but in a different way. They have a massive Latin base due to uncontrolled immigration and a lunatic batch of politicians who come from the Pelosi School of Tax & Spend. With business leaving for a better regulatory climate in other states, the only thing left  besides minimum wage jobs is government employment. With diminished tax revenue because jobs and corporate America has boogied out of town, you are left with unemployment, unfunded government pensions, and a state in throws of becoming a third world hell hole.

They have great weather, but so does Cuba.