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 ...
Lol....touche!
I have never seen a situation where the Laffer curve was shown to be true. Largely because high taxes don’t make Americans stop working.
Supporting illegals is expensive. Right Arnie???
I’m leaving as soon as I can.
In this situation, they didn't stop working - they moved and took their income to a lower-taxed state. The solution to that problem is to get rid of the differences in state taxes.
WOW.
St. Louis and Los Angeles Comparative Crime Ratios per 100,000 People Latest 2006 Crimes per 100,000 People:
| St. Louis, MO | Los Angeles, CA | National | |
| Murder: | 37.2 | 12.4 | 7 |
| Forcible Rape: | 97.15 | 27.3 | 32.2 |
| Robbery: | 907.2 | 370 | 205.8 |
| Aggravated Assault: | 1439.1 | 377.2 | 336.5 |
| Burglary: | 2453.3 | 524.8 | 813.2 |
| Larceny Theft: | 6802.4 | 1539.2 | 2601.7 |
| Vehicle Theft: | 2492.2 | 654.4 | 501.5 |
>>Largely because high taxes don’t make Americans stop working.
Please don’t say that out loud in the wrong company or the Blue states will try to force all the Red states to match California’s taxes...
Actually, your not...The numbers don't lie. Clearly the caliber of people there are much more prone to crime. Check out the large city of Richmond Virginia for example. Crime is through the roof.
Oh, and I've been in nearly every state in this country, and there is no place like Cal, or can match it's world class weather.
I spent time in Virginia, and all over the east coast, and almost froze to death...Not for me. As I get older, I really detest the cold. Makes me mean. lol
Oh, and Orange is still a very nice town, with some very high end areas.
the nation of mexico and the movement of what is called reconquista, is now under the belief that all gringos need to recess back to the original thirteen colonies.
Hence why they like the use of the Betsy Ross flag.
They believe your home is theirs. they believe you stole the land and the nation from them. They mean to take the entire U.S. back....
Like the Californians moving to Colorado. They run away from intolerable conditions at home and inexorably bring them to their new place. With the Californians it is mostly unconscious- they don’t have any idea that all the “nice” things they want have the oppressive conditions they hate on the flip side. The Mexicans want to recreate all of Mexico in a nicer landscape.
“Colorado is nice but it needs more land use ordinances.”
Yep. In the short time I lived in Colorado it got increasingly liberal. Montana is going quick.
“Seems as though the liberal elite have nothing better to do than to focus on taking others peoples’ monies and then telling them what they can or cannot do.”
It’s amazing people flee California for that reason and then seek to create the same mess in their new state.
Don’t blame me. I voted for McClintock.
“The flight from California is not good news for the rest of the nation. The refugees bring California with them wherever they go.”
We had the same problem here in Alabama a few years ago. We had just had a big influx of jobs from a base closing in St. Louis. The new comers were thrilled to learn they could purchase a much large house and with property tax bills that were thousands lower than where they came from.
Of course, when the new Govenor wanted to raise property taxes, these new comers were some of his biggest supporters. ‘Why, in St. Louis I paid $6000 in property taxes. Here, I’m only paying $900. Why of course we can raise taxes.”
This was especially true during the years 1963-1971, when Max Rafferty, a solid conservative and an activist education reformer, served as Superintendent of Public Instruction.
“I’ve never heard anyone say that it is too expensive to do business in Texas, Florida, Arizona, Missouri, and a long list of other places.”
Listen please...
I am in the wedding business. Been so for 25 years. The high cost of the property taxes on a new home for newlyweds in Florida is cutting wedding budgets like no other industry. A couple can be Florida born natives. Their parents have lived in one place for the 20 years. The kids property taxes will be four times that of the parents.
It’s a lose lose situation. The newlyweds have it just as bad as the new residents coming from out of state. Oh - I forgot nobody is moving into Florida anymore.
“people from massachusetts, new york and new jersey moving here and thinking they are better than everyone else”
They bring their pension check down here because they know it will go further and buy more.
Their retirement is based on a liberal life and their revenue source is never impacted by the damage they do down here.
None of us down here will have the excessive pension amounts they come in with.
The outcome is we struggle more to maintain our smaller paychecks and their money flows without interruption from up north.
And the feds will allow it to happen untill whitey gets off his butt and waters the liberty tree.
Why would any productive member of society stay in a state that has as its motto the transfer of wealth from the productive to the non-productive?
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