By Todd Cefaratti
Editor of TPNN
How many times is society going to have to revisit the issue of the failures of socialism before we can rule it out as a viable system capable of producing long-term prosperity? It is getting exhausting.
California recently achieved a new milestone as it is now the leader of all fifty states in poverty. In a recent finding by the federal Census Bureau, California has the most people living in poverty with 23.5% of the population living in poverty, stealing the last-place spot for the most impoverished state from Mississippi.
The new measure of poverty, called the “Supplemental Poverty Measure”, incorporates a wide variety of factors such as the peoples’ ability to buy basic services and goods, welfare payments and the costs of food, gasoline and other essentials.
While this is certainly troubling news for California, it is equally troubling for citizens all across the country as California is just a dramatic example of the kind of socialist policies that are slowly taking effect on a national level.
Our elected leaders are currently trying to hash out a deal where we avoid a looming fiscal cliff created from unsound economic policies. While Republicans are trying to maintain tax cuts for those that have the ability to grow businesses, the Democrats are looking to create tax hikes to avoid having to cut entitlement spending.
The liberal paradise of California has been incredibly fortunate in that it has tremendous potential for revenue; and yet, it is still $16 billion in debt from having exhausted the taxpayers to pay for an ever-expanding welfare state. California has squeezed every last nickel it can out of taxpayers to fund a socialist state, and it just isn’t working. Now that they are officially the most impoverished state, can we please have an honest discussion about the shortcomings of socialism?
America’s economic situation is perilous, but we can still turn it around. We need to constantly be looking for opportunities to get people off of their dependency on government and find ways to foster genuine capitalism. Let California’s failures serve as a wakeup call to the rest of America as we head down the path of big government.
California is circling the drain. America doesn’t have to go with it.