California demonstrates again what government theft causes

Editor's note: California is headed for financial disaster under the corporate Bolshevik Newsom and will begin with the City of Los Angeles with a $1 billion deficit under the management of Karen Bass. As Armstrong Economics points out "California Governor Gavin Newsom boasts of California’s robust economy but fails to acknowledge that it's a state basically living paycheck-to-paycheck." The payee on this debt will be the California taxpayer:

Los Angeles is Broke – City Declares Fiscal Emergency