I recommend that Governor Brown and the state legislature raise taxes to make up the difference. Government has already been cut to the bone. Greedy businesses can easily afford a raise, and it's about time for the rich people in California to pay their fair share.
It is good that Governor Brown is on it. He also has some pretty powerful support from those who realize the importance of making the rich pay their fair share.
That leaves one other potential tax increase vying for the November ballot. Attorney Molly Munger, the daughter of Berkshire Hathaway Inc. (BRK/B)’s vice chairman, Charles Munger, is pressing for higher taxes on earnings of $17,346 or more, with rates stepped up on higher incomes.Yes, those fatcats working at McDonald's need to start contributing more. People are getting desperate.