Much of it is warranted.
Some of it is simply over the top, implying you cannot walk the streets without stepping in an illegal alien's sh!t.
But the fact of the matter is that something keeps bringing people here. Maybe the weather. Maybe the natural beauty. Maybe the streets really are lined with gold.
The article cites data that there is a net inflow of those with incomes over $125k, and with College degrees. and a net outflow of those under $75k (understandably).
The state budget has nearly $10bil in surplus, and that's after socking away the required rainy day fund allocation.
Business is simply BOOMING. It's also the #1 agricultural economy in the nation.
So I guess they’ll have no trouble paying for the Oroville Dam repairs.
It’s definitely NOT the narrow path! :)
Maybe, but the most recent census data shows CA with a net out-migration.
California is also in a great geographical position for commerce. It’s ports and airports dominate the western seaboard of the U.S. A huge chunk of international trade from Oceania and Asia comes through (and goes out of) the state.
On the eastern seaboard, no single state dominates like Cali does.
You need money? Sell off your government buildings. Add some more illegals to your benefit programs...that’ll help you make up for the shortfall.
Of course the net inflow is high income individuals, no one else would or even could relocate there. The net outflow is working poor on up to what would be upper middle class in most of the rest of the United States. It’s turning into a state with the very well off living in the scenic immediate coastal areas, and wards of the state elsewhere. Mexico, in other words, if Mexico had any sort of social welfare.
I guess we better go visit before it all goes to hell and becomes a bonafide police state.
says Allan Zaremberg, president of the California Chamber of Commerce....
What else would you expect him to say?
The source of the alleged reasearch: a Cornell University sociology professor and others at the Stanford University’s Center on Poverty.
Let’s see the paper.
Trust but verify on those numbers.
The article cites data that there is a net inflow of those with incomes over $125k, and with College degrees. and a net outflow of those under $75k (understandably).
...
Doesn’t that mean the gap between the rich and poor is growing there in a Democrat dominated state? Why doesn’t the media raise that issue?
One of the distnguishing features of most third world countries is the vast divide between very rich and very poor. It’s always sad to see. California is just following the model.
Millionaire Migration in California: Administrative Data for Three Waves of Tax Reform
Digging a hole deeper than 18 inches on a public beach in L.A. County is a $1,000 fine.
Same fine for throwing a frisbee or football on those same beaches.
In many cities you cannot bbq on your porch or balconey.
Can’t buy 80% of cool guns, catalytic converter costs 2x as much.
I keep hearing that. Then I keep hearing that the public retirement funds are underfunded by Trillions which will only continue to grow. Are the retirement funds NOT counted in the budget or how are there twp set of facts? Which is correct or what am I missing?
“It’s the poor and middle class who are departing.”
And after living there a few years, those rich folks will be joining them.
It’s simple: the much of the entertainment industry and the technology industry are all based on California. And California’s generally has way milder winters than most of the rest of the USA.
I remember hearing a court case where a Military Retire Person (CA resident) move to Oregon for cheaper taxes on his pension back in the 1988/89 timeframe.
CA wanted to tax his pension because he earn it while being a resident of CA. Not sure if they are trying stuff like that still.
They were pushing CA resident when I was station there, offering free college. I did not take it, decided the taxes were to high. Glad I did not declare resident there.
“The state budget has nearly $10bil in surplus, and that’s after socking away the required rainy day fund allocation.”
So why do the roads and highways look like something out of Paraguay?
The wealthy hire very good tax accountants and engage in serious tax planning at both the state and federal level.
The details matter, and the article has none of the details which matter.