For example, as highlighted in “Good Will Spending: Closed for Business”, Jim Puplava cites some very troubling and eye-opening statistics collected by Professors Boskin and Cogan of Stanford University.
Between 1985 and 2005 the population in California grew by 10 million people. And it is, and still remains, the most populous state in the union. But here’s the significant point: out of the 10 million new residents that moved into the state of California, we only got 150,000 new taxpayers. So, in other words, 98.5% of that 10 million population influx are non-taxpayers. So you have a tax base of 1.5% that is supporting the other 98.5%; and the statistics get even better…California has 12% of the nation’s population but it has one-third of the nation’s welfare recipients. 1 out of 5 residents of Los Angeles are on welfare.
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