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 ...
Remember the “Three S’s”...
ping
Same thing with the bastards from NY/NJ turning a once purple Pennsylvania blue.
My Wife works for a company from Minnesota,(?) so, we know lots of people from that area. They absolutely love this state and have no intention of heading back north. Nor do they wish to change Texas into something it’s not.
They checked their hats at the door.
There’s more to it than taxes; I’ve had middle-class people tell me they left California because they could no longer subject their children to the schools there. California schools were the pride of the nation 50 years ago; quite a feat going from pride of the nation to something people would not tolerate in that space of time.
One thing Californians have brought to the Northwest is much higher housing prices. The combination of the number of Californians and the equity they bring on exiting the insanely-priced California real estate market has had a huge impact.
I have invited a few to go *fishin*.
But, like the Taliban and AQI, the Left would rather die than give up their ideology, so the only thing left to do in a civil, peaceful society is to leaven and take all your financial assets with you. When enough good people, who love right and hate wrong, leave Kali, who will be left and what kind of self-consuming society will they sustain?
This is a shame, for at one time Kali was one of the great economic engines of the US, especially in leading-edge industries. There is no way I would start a new business in Kali today.
Here in Florida, they’re broadcasting the Come to California ads non-stop.
Maybe they’re targeting the high-rolling Cubanos who are sick of Miami.
A Democrat said this?
If you want to see what happens just take a look at New Hampshire and what happened to it after all the Massholes fled their state's high taxes.
All I know is that whenever I tell my Texan friends that I want to move there from New Jersey, they go into this long rant about how it gets to be 140 degrees in the shade and the mosquitos are so big they carry off small children.
It doesn’t seem so bad when I visit, but I must not be there at the right time of year...
With less use. You can’t fry them and eat them.
I love OK. My grandpa lives there and we visit him. He lives out in the middle of nowhere, Stuart. So peaceful. My mother and I yearn to take a road trip out there. Love the drive.
The WalMart in McAlester was my first Super WalMart experience. We order our steak seasoning from Lovera’s in Krebs, a great little Italian deli. Fresh mozzarella, yum. Yearning.....
However, if you can get 10 Californians and 20 illegals to move out, we’ll talk.
20 years ago, even the more populated areas of the Olympic peninsula had an empty feel. Now I’m afraid to go back and take a look because it would probably be too depressing. The idea that so many people have moved there that they had to build an extra bridge and already something like 100000 people have an Easy-Pass for the toll on that bridge is just mind-blowing.
“But one nice thing about people from New Jersey is that when we move to a new state, we do not feel compelled to re-create the pathologies of New Jersey everywhere we go.”
Guess you haven’t visited our liberal counties in Florida lately.
I’ve had libs tell me that people of America desired the rampant socialism of California as evidenced by the huge amount of people moving there.
I’m betting they’ll be strangely silent on this topic now that the people are voting with their feet.
On another note, this is why the left tries to get everything implemented at the federal level, despite the founders’ intent, so that people cannot escape.
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.