The much-lauded California program that jacked up taxes on out-of-state corporations and devoted half the proceeds to “green” projects has apparently fallen short of expecations
90% short. At least, as far as they can tell; the program isn’t actually releasing details, which – let’s be honest – means they actually did worse than 10% of projections.
Three years after California voters passed a ballot measure raise taxes on corporations and generate clean energy jobs by funding energy-efficiency projects in schools, barely one-tenth of the promised jobs have been created, and the state has no comprehensive list to show how much work has been done or how much energy has been saved.
Money is trickling in at a slower-than-anticipated rate, and more than half of the $297 million given to schools so far has gone to consultants and energy auditors. The board created to oversee the project and submit annual progress reports to the Legislature has never met, according to a review by The Associated Press.
In other words, the law didn’t repeal human behavior – corporations curtailed California operations to avoid the tax – and, most damningly, the whole thing turned into a wealth-transfer program, moving money from the productive class to the rent-seeking parasites.