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 ...
If you were educated in California public schools, you’d understand the use of circular logic.
And another thread today discusses California's growing exodus. That is a phenomena I'm living with 'cause the lady wants to stay here no matter what I think.
What you are describing sounds like two former winners that misplayed their hands because they thought people would continue to pay the tab no matter how high they set it.
That's kind of what I suggested - Cal, and I guess Florida, has been legislating as though there'd always be new hings to tax, higher wages, and people eager to pay for the sunshine.
Don't work that way, I'm even willing to consider snow a couple of months a year.
I see welfare recipients driving around in better cars than the workers in this state.
http://www.freerepublic.com/focus/f-news/1978714/posts
Tell me again, how you're freer in California than I am in Virginia, where I can educate my 6yr old free from government meddling.
Oh, I forgot:
Crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
crime,
Oh, I forgot:
crime
Hey, check out the stats between a large city in Virginia compared to.... LA, California....
Richmond, Virginia and Los Angeles Comparative Crime Ratios per 100,000 People
Hmmm...
Earlier on this thread, you admitted you don’t live in Los Angeles.
Do you at least know enough about Los Angeles to recognize in practice “Los Angeles” includes a bunch of rather high-crime cities surrounding LA proper, on almost every side?... none of which are included in those puff statistics you’ve posted about 100 times.
Perhaps you can include Long Beach. Riverside. Echo Park. East LA. Huntington Park. Riverside. Compton. Hollywood. You know ... Los Angeles.
Or are you getting paid by the post, by Mayor LaRaza? ;)
Oh,and I know more about LA than you could possibly imagine.
Perhaps Watts. Wilmington. South Central.
While you’re at it.
Thanks so much.
When I provide stats that say, "Los Angeles" what do you think that means?
Why are you so angry about LA having less crime per capita than most all over major cities in other states?
Hey, what’re you some kinda troll? You weren’t even subtle about taking my comments out of context.
Dude. I live here. I plan to move at some point, because it feels like the place is about to come apart.
I understand you’re advocating something. What that is, I don’t know, but you’re clearly posting spin.
Oh. Hawaiian Gardens, and La Puente too please. :) Get some representation from 18th Street...
Well, I’ve been shot at in LA, but never in Richmond.
So what, you clearly don't know what the City Of Los Angeles means, nor do you seem to know anything about stats.
Do you disagree with 385? Yes or no?
So what’s your dog in this? You seem to have some vested interest, in painting a rosy picture.
Chamber of Commerce?...
I don’t care where you’ve been shot at Freddy. You disagree with 385 too?
Try answering the above questions pal.
Try the facts jackass. You seem to have a problem with facts.
All the whackos in my family moved out there fifty years ago; please don’t tell me they are coming back!
What state do you live in?
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