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February 21, 2008
CA Money Woes-Folly and Disaster
We've made it all the way to "has been" now.
Posted by Tina Grazier
The following is from an article, “California exodus turns to stampede - High taxes drive jobs, people from one state to another,” on WorldNetDaily:
"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."
Another article posted at heartland.com features California as one of the worst states in the nation. In the section, “Golden State Loses Luster” we find the following:
California’s ranking was 49 of 50.
The report provides economic competitiveness rankings for all 50 states based on 16 policy variables with a proven effect on the migration of people and investment capital in and out of states. States with the lowest tax, spending, and regulatory burdens win the competitiveness contest. These are primarily in the South and Southwest regions of the nation. ** According to the findings, a record 8 million Americans moved from one state to another in 2006, revealing which states have the most dynamic and desirable economies and which are "has-been" states, according to Laffer and Moore.
Would it be at all useful to point out that democrat policies have brought this once great state to ruin?
Please, vote wisely in November.
Posted by Post Scripts at February 21, 2008 08:57 PM
Comments
I pray that someday people in California will get it, but alas I see no reason they will. You see, we have too many who believe in socialism and not enough who believe in capitalism. As a man who spends a considerable amount of time in God's Word, I think quite different than I used to. I now believe more Christians need to move to California and spread the Gospel. After all, Paul went to the very heart of the Beast to spread the Gospel, Rome. Christians should do the same. If California is as bad as all the statistics point to, then this is where the battle for Americas spiritual soul will be. If we can fix the soul we will go a long way to fix the political problem.
Posted by: One Vike at February 22, 2008 08:26 PM