The Rest of the Nation is “Catching Up” With California…

23 Nov

It’s called Capital Flight…

Something liberals just don’t get.  When people feel its better to live in State A, because State A wants them to keep more of their stuff, than in State B, because State B takes more of their stuff – eventually they leave State A… in droves…

One of the best indicators of a state’s economic health, according to John Merline, writing in Investor’s Business Daily, is the “U-Haul Index” (first publicized by economist Mark Perry) to see what people are paying to move into, or out of, the state. Renting a 20-foot truck one way from San Francisco to San Antonio, Texas, for example, costs $1,693. Going in the other direction, however, costs only $983 for the same truck…

It isn’t all about taxes, however. Its regulatory environment and yawning fiscal deficits are chasing companies away to more favorable locales. Part is the state’s determined efforts to increase still further its tax burden on high income earners — now an astounding 13 percent — along with its implementation of policies favored by the Obama administration in Washington. As Joel Kotkin of NewGeography.com put it,

California will serve as the prime testing ground for President Obama’s form of post-economic liberalism. Every dream program that the Administration embraces — cap and trade, massive taxes on the rich, high-speed rail — is either in place or on the drawing boards.

U – Haul has offices in Canada – c’mon up…

The New American, via I Hate the Media

 

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