Consider the Laffer Curve as your GPS. Your position is way east of "Y":
Whither goest California . . .
More and more of us are deciding we don’t want to live in a mexican barrio.
The flight from California is not good news for the rest of the nation. The refugees bring California with them wherever they go. “Colorado is nice but it needs more land use ordinances.” Idaho is nice but it needs more regulation of(fill in the blank).” That leads to the (excuse me)Californication of the rest of the West.
There. Fixed it.
Gee whiz, 5000 of the richest accounted for $7 billion in tax revenues for California.
These 5000 must have left because they wern't taxed enough.(/S)
“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.”
Not “despite,” “because it boasts” would be correct.
Once again, history proves that if you raise taxes, you lower revenue.
Consider the Laffer Curve as your GPS. Your position is way east of "Y":
Is Atlas Shrugging in Cali?
Well, the good news is that they are importing plenty of poor people from Mexico to replace them.
Suck it up, Kalifornia. You should’ve learned from the state with the MOST outflow of population — Michigan — where high taxes, liberal government, unions and no welfare caps are the rule of law.
As the founders intended.
The other side of the equation is what is the quantity and quality of the goods and services that the state provides.
AR and CA are both high tax states but the CA taxpayer gets a lot more for his money than the AR taxpayer.
Or, TX and FL don't have income taxes but they have other taxes in lieu of income taxes.
Animals and birds, as opposed to Liberals..know better than to foul their nests....
California is teetering on the edge of the abyss.
IMHO, the political will to balance the state budget, does not exist. Cannot exist, because the entire state has become a giant welfare program.
The (only) possible solution would be an Arizona-style law actually shutting down the hiring, of illegals. As we’re seeing in Arizona, this would cause illegals to begin self-deportation, and the massive drain on state budget funded services would begin a slow decrease.
The effect, would be hugh. Could be enough to save the state.
But it won’t happen. Because the state is now governed by democrats, with loyalties split between communists, and Mexico.
Many of them have been moving here to Oklahoma City over the past three to five years. They’ve been buying up a bunch of shopping centers, downtown property, apartments, etc. It’s helped to keep our real estate market fairly steady. Oklahoma City is a great place to live and a great place to do business. Homes are reasonably priced here and property taxes are surprisingly low, especially compared to California. I’m afraid that’s all going to change over the next 15 to 20 years if people from California continue to migrate here. I’m mostly concerned about how this could affect our political landscape in the long run. If you are a conservative from California, we welcome you. If you are a liberal from California, Washington State welcomes you.
It’s a wonder that middle class people can afford to live in California. If they start leaving in droves, then the state will really be in trouble.
ping
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.