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Train Wreck
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California, and I say this as a resident who has no plans to move away, is f--ked. The latest in a long run of bad tax and legislative news is the court's denial of an attemot by opponents to stop the $69 billion bullet train to nowhere. They are plowing ahead with the train, which will go from somewhere in the High Desert to somewhere near Merced and will eventually cost more to extend it to somewhere closer to L.A. and San Francisco. Even if it's completed at astronomical cost (some of which is coming from you non-Californians), most research indicates nobody will use it and tickets will likely need to be more expensive than plane fare is today. And it's moving ahead. Yep. (San Jose Mercury News)
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