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 ...
I left CA back in 1992, moved to Alaska.
Yeah, just a real small issue.
But the fact remains, California’s largest city, LA, has considerable less crime than the large cities in most other states.
I know this rubs some the wrong way, but hey, that’s life.
I know reading is hard for you and thinking is as hard as posting without an insult.
Some people just don’t like hard facts.
Oh, it's a big deal, but they are everywhere now thanks to the Fedgov. This is not to mention other big deal issues, like crime.
Nashville and Los Angeles Comparative Crime Ratios per 100,000 People
sad truth is that Californians can buy up the good parts of the state because their little homes in California were so expensive.....hopefully, that is changing...
Oh, and I didn't insult you or anyone else. I have only posted some crime stats, that clearly show that California *largest* city, LA, has considerable less crime per capita than most other *large* cities in other states.
I don't know why you are taking offense to this.
One of the first stories along these lines was published some years ago and it relied on the creation of what came to be called the U-Haul Index - for instance it costs $5992.00 right now to rent a truck one-way to Nashville from L.A. and only $748.00 to rent the same truck to move back:
http://www.housingbubblebust.com/UHaulIndex/California.html
Looks like all the criminals are moving to Nashville. lol
Back in the early 80's I had friends down at IU who rented a house out next to Yellowwood state forest. Had a big party one night, live bands, kegs.... never bothered a soul. The next day we took one of the roommates AC/DC album (that he had played over and over...) out in the back yard and blew it to bits with .22's.
:)
You could say that. It’s *criminal* the way they’ve tried to change Texas.
Don’t get me wrong, the times we’ve been to visit my BIL there, we’ve had a great time. Love the food and scenery.
Trouble is, I love Texas more. If your going to Rome, do as the Romans do or go back to where ya came from.
Perhaps, but the young ladies that I've spoken with are becoming naturalized Texans. Once they've gotten used to having doors opened for them, and being treated like ladies, they blossom as they never have before.
Pretty soon, they're able to speak fondly of the Dallas Cowboys, Tony Romo, and the 3-4 defense. Wow!!!
Not trying to be doom and gloom but Obaama has all but said as much without being specific. I think he will truly hurt a lot of people. However I thing that is what it is going to take for people to see what the democrats really stand for and this time they will not be able to blame the republicans.
I moved from California a few years back and lived there for over a decade.
Over that time Colorado became almost indestinguishable from California as far as nanny-state-ism and general silliness was concerned.
So I moved back to California to be closer to my family and old friends.
California was already screwed up before I was born. But seeing a beautiful state like Colorado go the way of the Dodo bird was just too depressing to stomach.
Please don’t encourage them. They have families and are of breeding age. LOL!
bttt
Shame...but completely expected.
This is only the begining, If Obama gets it, you will see a mass exodus out of this country! Does anyone out thier have a count on the literal devastation inflicted on states who are blessed with liberal skunks that are sucking taxpayers and businesses dry and causing this cancer to spread to others?
It looks like the icing on the cake, Obama and the libs in Congress and the senate will ultimatley drive the final stake thru the heart of a great nation.
If the home sold is your principal residence (a minimum of two years occupancy during the prior 5 year period), the tax isn't assessed.
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