Posted on 03/10/2019 7:50:08 AM PDT by Zakeet
California's socialists are burning through money like there's no tomorrow. And tomorrow might not be coming.
California leads the nation in outmigration, and has experienced a domestic outmigration decline since 1991, according to the California Department of Finance.
According to a recent survey, 53 percent of all Californians, 63 percent of millennials, and 76 percent of residents in the Bay Area say they are seriously considering leaving the state.
(Excerpt) Read more at frontpagemag.com ...
AZ is pretty much gone. The invading Californians and the illegals have made it purple 1-1/2 points from blue. Obongo took them to the SC for ENFORCING US immigration laws. Roberts and the rest of the liberals made AZ stand down. It was the last chance to save AZ. TX is only 3-4 years away at the present rate.
But...they wanted and voted for that paradise, no?
NJ native here but when we retire we’re looking for a place we want to be a part of, NOT something to change into another NJ..
Their going to take their IPO money and run to infect some other state.
If CA goes broke, it needs to revert to territorial status. Trump should appoint a military governor and territorial judges.
Same with Illinois.
I see all kinds of stories about California swirling the toilet bowl, but there’s another reality on the horizon that needs discussion;
California will soon be run by Latinos. We know how old white dimocrats run CA. How will CA be run by these Latinos?
Stay AWAY Texas.
They can come to my state (Maryland). It’s already ruined, and in a bi-partisan way, no less.
Bill Clinton, Deputy Father of Lies, gave the USA the catastrophic Motor Voter Law, with the full knowledge that it would destroy America.
Wait. Doesn’t CA lead the nation in importation of illegals? If not they could do it quickly. Then, they could lead the nation in having the most ignorant and unskilled non-working population in the country.
Sounds like a socialist pair of dice ...
Though the frisbee might be illegal, I’m assuming by now it’s perfectly legal to sodomize each other on a public beach? Perhaps Governor Polis should relocate from Colorado?
Goto Mecksicko. They have beautiful beaches in Sinaloa, Michoacan and Oaxaca
A little research on my part showed me it’s worse:
That $1,000 also applies to thrown FOOTBALLS.
And while imposition is rare, it can even apply to DIGGING HOLES.
We all know about HOLE conservation, right..?
You left off ‘air pollution’... for all their ‘greenie talk’ it’s a dreadful place for air quality.
“We all know about HOLE conservation, right..?”
Hole conservation?
There is a certain kind of hole everywhere I look in CA.
Our biggest worry in Florida is the folks who escape high New York Taxes will bring their horrible ideas with them and turn Florida into a socialist hellhole...
revert the state to territorial status.
Voter fraud. They’ll win every election that’s within the margin of error. If polls say ‘it’s close’ dems will stuff the ballot boxes. Last election they won EVERY race that pollsters said was ‘too close to call’...
What I am *not* seeing is speculation on *how* California will collapse.
“In 2017, California’s Governor Jerry Brown estimated California was “facing $187 billion in unmet infrastructure needs.” However, the Bay Area Council Economic Institute “pegs the cost of California’s unfunded infrastructure needs at up to $737 billion and possibly as much as $765 billion.”
“California’s total state and local government debt as of June 30, 2017 totaled just over $1.5 trillion.”
California has the highest income tax rates. The top rate is 13.3%. California has the 10th highest sales tax. Less than 150,000 of California’s 35+ million people pay half of all of its income tax.
“California has the highest debt-to-income ratio in the country. California ranks dead last among U.S. states in quality of life, according to a study by U.S. News.”
California spends nearly $200 billion a year on budget and even more off-budget in the form of programs paid with bonds, i.e. debt financing. As for the pension debt, of that nearly $200 billion, in the most recent budget less than $2 billion was allocated to paying down that pension debt.
California alone was responsible for nearly 21 percent of all SALT deductions.
According to California Franchise Tax Board, approximately 2.6 million taxpayers deducted more than the $10,000 limit in state and local taxes in 2015. Of that group, about 1 million will owe more in taxes in 2018 — to the tune of $12 billion. About $9 billion of that will be paid by about 43,000 Californians who make $1 million or more. 751,000 California households with incomes under $250,000 will probably owe a combined $1.1 billion.
So how will California finally fall into the ocean?
Have the cut the spigot off to UT that would be a start for the liberals in Travis County to start paying their own way.
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