California’s government collects about one-half of its income-tax revenue from the top 1% of the state’s taxpayers. But the system’s extreme progressivity makes proceeds so volatile that the state continually experiences boom-bust cycles of rapidly rising revenue, inevitably followed by collapse.
加利福尼亚州政府大约一半的年收入都来自对最富有的那1%纳税人征收的个人所得税。但这一系统的极端累进税却使得收入高低不定，陷入了一时收入猛增，接着又必定发生锐减的怪圈。而所有这些收入都抵消不了不断增加的支出，以至于政府只能经济下跌过程中不断进行紧急开支缩减。