Posted on 02/21/2008 4:07:43 AM PST by Man50D
WASHINGTON – California, which once lured Americans from near and far, is now driving out millions of the most productive residents – including high percentages of the most affluent.
"When California faced a Mount Everest-sized $14 billion deficit in 2003, one of the major causes for the red ink was the stampede of millionaire households from the state," says a report called "Rich States, Poor States" by economists Arthur Laffer and Stephen Moore. "Out of the 25,000 or so seven-figure-income families, more than 5,000 left in the early 2000s, and the loss of their tax payments accounted for about half the budget hole."
And it's not just the rich leaving.
Based on data from moving companies, California had the second-highest domestic population out-flow of any state in 2005, according to the report, "despite the beautiful weather, beaches, and mountains."
The bad news for California is that it faces $14 billion deficit this year, despite boasting one of the highest tax burdens in the nation.
The report, published by the American Legislative Exchange Council shows jobs are not just leaving the country – they are moving from state to state, with the population following.
"States are in direct competition with each other for human capital and business investment. State governments that think they can attract jobs and people, and grow their economies, by taxing their citizens at a higher rate than their neighbors are sadly mistaken," said Democratic Arkansas state Sen. Steve Faris, ALEC's 2008 national chairman. "Legislators should take a close look at where their state ranks in this book and use it as a tool to help them improve."
(Excerpt) Read more at worldnetdaily.com ...
nice tag line.
It could be worse - what if the Hollywood people moved out into the rest of the country?
Ohio is the third highest taxed state, and the only thing that I get, that they don’t get in lesser taxed states is a sore butt.
Ping!
You would have to increase your pay by 50% or more to live as well in those states.
They run away from the things that they drag behind them as they flee. They hate it all but can’t imagine actually living without it.
To do that you would have to close the border to Californians.
Judging by the results in the states to which your bretbren flee, you are in a tiny minority. Most think they can leave all the bad Effects while they busily erect the Causes anew. They do not connect them. But that sort of thinking makes for good liberal voters.
Is it affective or effective? I pondered that before posting. I used affective because it stirred up sentiment about Ronnie. I reckon it will become an effective ad the moment I put a deposit on a hotel room. LOL.
We have it in Florida, too. Fortunately the worst of it stays down south but the bleedover is more uncomfortable every year.
Big dummies. That difference in spedning versus income isn’t from people leaving and the loss of their taxes, it is from millions of illegal aliens moving in and the State spending welfare on them.
Try Dallas or Houston Texas...
Both have more crime per capita than Los Angeles.
I hate to break it to you, but most all the large cities in America have more crime per capita than LA, Ca.
Some people just don't like the hard facts.
Works both ways, I guess. But just do it. The California coast is one of the great places in the world to visit - the problems you hear about in California really only apply to taxpaying, home-owning residents. In fact, I would wager that most of the people who are leaving California are just doing so to establish their primary residences in other states (as I did) - they will still be spending lots of time and probably earning money there.
You sound like a nice person, but... With all due respect, you're going to have to speak for yourself on that one. We are inundated with New Jerseyites and New Yorkers who have no problem telling us how "they do it" up north.
Hate to break it to you, but if thats the case, Texas is just getting California's criminals.
Dallas and Los Angeles Comparative Crime Ratios per 100,000 People
That’s good. Let all the crazy-ass liberals go to California. Let them totally destroy the state. All sensible people pick a state - preferably warm - and go there.
Maybe so, but the mosquitoes (famous since the Lewis and Clark Expedition here) drive them back to their cars...
I remember this, too. "Welcome to California, Now Go Home". Well, they didn't.
Now we (non-liberal) Californians have to suffer the twin indignities, first, of watching a once beautiful state ruined by an influx of outsiders from everywhere, and now being considered pariahs by the same regions who, thirty years ago, plied us with their 'flower children'.
Life ain't fair.
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