As Gov. Gavin Newsom gears up to run for president, what in the world will he run on?

Californians know that Newsom will not boast, “I will do for America what I have done to California!”

Why not?

Count the reasons.

California’s astronomical gas prices and taxes remain the highest in the continental United States.

Ditto the state’s trifecta of the highest electricity rates, the costliest home prices, and the fourth-highest home-insurance costs.

California carries the largest debt in the nation, approaching $270 billion, mainly due to unfunded liabilities for state workers’ benefits.

The budget deficit each year usually ranges from $15 to $70 billion.

Such profligate spending and deficits explain why the state also has the highest income taxes and state sales tax rates in the nation.

Just 1% of California households pay 50% of the state

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