By Ezra Klein

Opinion Columnist

After a slow start, California ranks 10th in the nation for coronavirus vaccinations. It’s down to about three cases per 100,000 residents. Its economy is booming. According to Bloomberg, the Golden State “has no peers among developed economies for expanding GDP, creating jobs, raising household income, manufacturing growth, investment in innovation, producing clean energy and unprecedented wealth through its stocks and bonds.” State coffers are flush: The Governor’s office estimates a $76 billion budget surplus. The Legislative Analyst’s Office puts it at $38 billion. (The difference turns on the definition of the word “surplus.”)

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