After tax cuts derailed the ‘California dream,’ is the state getting back on track?
In 1978, the year I graduated from college with a degree in economics, most voters in my state chose to turn their backs on the “California dream.” Not unlike the American dream, California’s iteration focused on the limitless possibilities awaiting anyone who moved to the state. It was the state’s basic philosophic footing, a social compact that connected generations, geographies and economic classes in a common destiny….
