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Analysis

Experience Shows High Speed Rail Investments Do Not Pay Off

Private investors for California High-Speed Rail? Experience from Brightline shows that this would be a risky proposition for any investor not getting state guaranteed tax money. New from me in the Southern California News Group.

Marc Joffe
January 05, 2026

Related

Nature estimated that high carbon emissions would reduce global economic output
Analysis

Nature estimated that high carbon emissions would reduce global economic output

A paper in Nature estimated that high carbon emissions would reduce global economic output 63% by 2100. Nature just retracted the paper due to faulty input data from Uzbekistan more than doubling the estimate. But the damage is done: the false study already has 434 citations.

Marc Joffe
December 04, 2025
Why Raise California Taxes After Collecting $828B in 2024
Analysis

Why Raise California Taxes After Collecting $828B in 2024

California state and local governments collected $828 billion in revenue in 2024 amounting to 20.6% of the state's GDP. Shouldn't that be enough? Something to keep in mind as you hear about plans for new taxes and bonds next year.

Marc Joffe
December 13, 2025
California has the Highest Unemployment in the US
Analysis

California has the Highest Unemployment in the US

California has the highest unemployment among the 50 states (DC is higher but it's not a state). Your minimum wage policies are partially responsible for that, along with all the other things you do to raise employment costs, like not repaying the federal unemployment loan.

Marc Joffe
January 02, 2026