"The latest tax increase in California was passed by a ballot measure. In other words the people voted for it."
Yes they did and they should own it. "The majority of the people in the upper class who live in California are here because they chose to be. The benefits far outweigh the costs." Interesting. Benefits to whom? Those who stay? The exodus isn't necessarily the wealthy. They can afford to stay. It's the middle class. CA is become a two tiered state: Ultrawealthy and poor. http://www.ksee24.com/news/local/A-California-Exodus-But-Where-Are-They-Going-183009871.html About 100,000 more people moved away from California in 2011 than relocated to the Golden State, according to the latest report from the U.S. Census Bureau. In recent years, unemployment in the state has skyrocketed, while the cost of living has increased. http://www.ronnehring.com/index.cfm/article_144.htm How does California rank nationally? Were number one more Californians leave the state each year than leave any other state. New York, Illinois and Michigan rank 2, 3 and 4, respectively. Is this because California is such a large state? No. The top destination states for domestic migrants are the big states of Florida and Texas, with North Carolina, Georgia and Arizona rounding out the top five. Whats driving so many Californians to leave? The authors conclude the top reasons all relate to an opportunity deficit, with the major components being a lack of jobs and costs that are too high, including taxes. What do the top 4 states have in common? http://www.calwatchdog.com/2012/10/24/the-evidence-still-shows-california-exodus/ Conversely, people moving out of California typically flee to Red States with a much more favorable tax and business climate than California. The top ten destination states had a business climate ranking at least twice as favorable as sender states. A factor of two is typically considered statistically significant. It would seem safe to tentatively conclude that what drives those out of California is not solely recessions, but the unfavorable tax and regulatory climate compared to other states. I am not a betting man. However, I would almost be willing to bet that these tax increases do not improve CA's budget problems. The the revenue will not live up to predictions. J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Qu ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:359732 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
