Are Green Energy Subsidies Driving California’s Plan to Expropriate the Wealthy?
25th January 2026
I’m not suggesting rooftop solar subsidies are the sole cause of California’s fiscal crisis, California’s economic mismanagement is far broader than just the subsidies. But signing a bill to throw $60 billion at a self inflicted cost of living crisis probably won’t help fix the state’s financial problems.
California’s 2025 state government deficit was $18 billion dollars. This year’s budget is projected to be $35 billion deficit. What do you think the 2026 California deficit will be?
Will future historians look back on the coming collapse of California, and identify a desperate attempt to subsidise soaring green energy prices as the final straw which broke the state economy? Or will historians focus on the wealth expropriation bill as the trigger for the collapse? What do you think?
