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 ...
We moved from Northern California to Texas 6 years ago. Best move we could have made. Love it here. Not all of those moving from California are wild eyed leftist, a lot are rock conservatives.
Hate to break it to you, but both Texas largest cities, Houston and Dallas has substantially more crime per captia than does Los Angeles, Ca.
Yes, since you seem to want to frame this around only one aspect of living in LA. You ignore the freaking tax rates, you ignore the socialization of Kalifornia because people like you think that it’s OK to give away freedoms in order to feel safe. You don’t care that the rest of the country disdains Kalifornia, because it seems to be the birthplace of communist policies that are spreading throughout the country. You ignore the fact that you have to make 3 to 4 times what you make in just about any other part of the country, just to buy a crappy 1500sqft spec home there. Why don’t you people get some balls and vote some real conservatives into office there instead of the communists that you love so much. I know whereof I speak. Because I grew up there, Ilived there! I was a cop there! And my name ain’t Freddy, Francis!
Yes or no?
Yes, because numbers are just that, numbers, and you can manipulate them to say whatever you want.
But...but...it's for the children!
Richmond, Virginia, and Los Angeles Comparative Crime Ratios per 100,000 People
and John has a brown mustache.
How dense are you? The above are not *my* numbers or stats...
I don't think tourists are going to make up for the Billions of $'s chased out of the state with his spending habits and high taxes. Oh and fees.
Plus the crime and illegal criminal insurgent invader (which he encourages) problems it causes will be an attractive incentive.
Come to California, be mugged, killed and raped in several exotic languages!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.