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Fleeing California

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Albert Di Salvo

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California Fleeing
Governors across the country adopt a new economic strategy: Raid California for its businesses

By STEPHEN MOORE

Just when you thought things couldn't get worse on the left coast, along comes more bad news for the Golden State. Across the country, Republican state legislatures and governors are adopting a new economic development strategy: Raid California for its jobs and businesses.

At least three Republican governors have said as much in interviews. The idea is to offer lower taxes, a more business-friendly atmosphere and the right to be left alone from overzealous regulators. "We just keep inviting California businesses to look at the economic climate in Texas, where we treat businesses like assets not villains," said Texas Governor Rick Perry.

California has some of the highest tax rates in the country, the worst bond rating and a multitude of nettlesome regulations. Chief Executive magazine just ranked California as the most antibusiness state in the nation. A new study by Joseph Vranich, a California-based business consultant, found that 144 major companies relocated plants, research facilities, headquarters or their entire operations out of California in 2010. That was more than triple the pace of job-creating firms leaving in 2009. Mr. Vranich said that the outmigration could become "a stampede" in 2011. "Business owners tell me every day that this is just not a hospitable place to do business anymore," he said.

Other Republican governors with their sights on California include John Kasich of Ohio and Rick Scott of Florida. Mr. Scott told me in an interview that "we are going to create hundreds of thousands of jobs in Florida over the next eight years, and we will advertise our pro-growth policies to businesses in places like California that don't share our pro-business policy orientation." He added: "Not having an income tax is a huge advantage over a high-cost state like California."

Continue reading at California Fleeing - WSJ.com
 
actually it looks like people don't want to live in California.

why be the last one trying to bail out a sinking ship?
 
I came to California in 1974. There were twenty million people here at the time. It was a paradise. Generally, it still is for those of us who live right on the coast, and made money when the gettin' was good.

Today there are about forty million people here. The economy has gone from boom to schlerosis. The political and economic systems no longer work. People like me are marking time until the lights go out. The dysfunction in California is structural.
 
Albert Di Salvo said:
I came to California in 1974. There were twenty million people here at the time. It was a paradise. Generally, it still is for those of us who live right on the coast, and made money when the gettin' was good.

Today there are about forty million people here. The economy has gone from boom to schlerosis. The political and economic systems no longer work. People like me are marking time until the lights go out. The dysfunction in California is structural.
Click to expand...

That is true pretty much across the country since the late 1970's. You can thank Ronald Reagan for that. Reagan destroyed our manufacuring base and we are paying the price today. This is very true in California where our manufacuring sector has all but vanished, Thanks in large part to Reagan/Bush and deregulation.
 
Begin reading at: California’s Third Brown Era - Joel Kotkin - New Geographer - Forbes


"The third Brown era, sadly, starts with far less favorable prospects. The state’s share of the nation’s economy and employment has been shrinking for at least a decade. Per capita income has fallen in comparison with the national average by nearly 20%. Once the nation’s high tech wunderkind, California’s share of new high-tech jobs has fallen to a fraction of the national average, while other states, notably Texas, Virginia, Utah and Washington have surged ahead.

Things have been toughest on the state’s working class. Despite an ever-expanding welfare state, California’s 36 million people suffer a rate of poverty at least one-third higher than the national average when adjusted for cost of living. Unemployment now is higher than any major state outside Michigan.

Meanwhile, even as state social spending has surged, reminders of the heroic period — from the state system of higher education to the power, water and freeway systems — have fallen into disrepair. The state’s finances are in even worse shape. Under the feckless Arnold Schwarzenegger, state debt jumped from $34 billion to $88 billion. California now spends twice as much on servicing its interest (more than $6 billion annually) than on the University of California.

Brown himself recently conceded that the state budget deficit may widen to $28 billion over the next 18 months while the state’s Legislative Analyst’s Office predicts that $20 billion deficits are likely to persist at least through 2016. Not surprisingly, once golden California suffers consistently near the worst debt rating of any state. And things are not likely to turn around quickly: State and local tax revenues in the third quarter of last year rose a paltry 0.6% compared with a 5.2 % gain nationwide...."
 
California is a gorgeous state made intolerable by the people that live there. When I'm forced to go out there, I always do everything I can to avoid meeting anyone.
 
if it is true "all across the nation" then why are they fleeing California?
 
cpwill said:
if it is true "all across the nation" then why are they fleeing California?
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They aren't.

Sure...there will be some. Its askin to the NFL.....you have the rich owners that are looking for taxpayer handouts by holding the communities hostage unless they get all kinds of freebie handouts, tax incentives etc.....and you have the "hungry" cities that are willing to give into their demands in the form of free land, tax cuts and other handouts in order to "entice" a move. In the end....everyone except for the wealthy corporatists lose.
 
"When comparing California with Texas, U-Haul says it all. To rent a 26-foot truck oneway from San Francisco to Austin, the charge is $3,236, and yet the one-way charge for that same truck from Austin to San Francisco is just $399. Clearly what is happening is that far more people want to move from San Francisco to Austin than vice versa, so U-Haul has to pay its own employees to drive the empty trucks back from Texas."



that's alot of rich sports team owners.
 
Never forget! Jojo left his home in Tucson, Arizona for some California grass.


All you need is love.:peace :iloveyou:
 
ksu_aviator said:
California is a gorgeous state made intolerable by the people that live there. When I'm forced to go out there, I always do everything I can to avoid meeting anyone.
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All those people with brown and black skin, right?

Avoid eye-contact, cross the street.
 
cpwill said:
"When comparing California with Texas, U-Haul says it all. To rent a 26-foot truck oneway from San Francisco to Austin, the charge is $3,236, and yet the one-way charge for that same truck from Austin to San Francisco is just $399. Clearly what is happening is that far more people want to move from San Francisco to Austin than vice versa, so U-Haul has to pay its own employees to drive the empty trucks back from Texas."
Click to expand...

I have a friend who manages a U-Haul center and he confirms that. In fact, once or twice a year, upper management recruits all the center managers, flies them out to Arizona or Utah or one of the reasonably close states and makes them drive a truck back to California. The number of trucks leaving far exceeds the number of trucks coming back in.
 
hazlnut said:
All those people with brown and black skin, right?

Avoid eye-contact, cross the street.
Click to expand...

Really? A personal attack.

Let me just put it this way: I hate people that justify taking my rights so they can support their beliefs. Liberals fit into that fold and California is full of liberals. In case you are wondering, I say the same thing about Martha's Vineyard.

By the way, your statement is patently racist. Your assumption that my only reason to hate California has to do with minorities because you think I'm white. Truth is, you have no idea what race I am.
 
ksu_aviator said:
Really? A personal attack.

Let me just put it this way: I hate people that justify taking my rights so they can support their beliefs. Liberals fit into that fold and California is full of liberals. In case you are wondering, I say the same thing about Martha's Vineyard.

By the way, your statement is patently racist. Your assumption that my only reason to hate California has to do with minorities because you think I'm white. Truth is, you have no idea what race I am.
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Oh, please don't call people you know nothing about, "liberals". You are acting like rush limbaugh who calls anyone who disagrees with him a liberal.

There is much more to life than a shallow interpretation of someone's beliefs and ideals than "libera"/conservative". So save me the boredom, Pleeeeeeeeeeassssssseeeeeeeeee?
 
hazlnut said:
All those people with brown and black skin, right?

Avoid eye-contact, cross the street.
Click to expand...

Color doesn't matter. Culture matters. Culture determines, among other things, work ethic, family cohesion and the thirst for education. Exceptional individuals can overcome weak culture, but the masses can't. With the exception of most East and South Asians, everyone in California suffers from weak culture.
 
ksu_aviator said:
Centerville?
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No, this place

par.jpg
 
California has no one to blame but itself and their policies.

They chose to continue to raise taxes.
They pushed for various policies that alienated businesses and their people.
They drove their selves into bankruptcy and utterly failed as a state.

Other states are pretty much doing what California was doing - businesses WERE attracted to California instead of other states because it was the ideal place to start a business, keep one going, or otherwise stir up profits. Now that that has changed it's just common sense that they need to seek out those benefits elsewhere.

Here are the faults of California form the Article:
1) California has some of the highest tax rates in the country
2) [They have] the worst bond rating and a multitude of nettlesome regulations.
3) Chief Executive magazine just ranked California as the most antibusiness state in the nation.
1, 2 and 3 = ) "Business owners tell me every day that this is just not a hospitable place to do business anymore"

4) Businesses complain that the extraordinary power of unions, regulators and environmentalists has been an incentive to leave or not come in the first place.

On top of that - they are expensive - expensive to run a business in, expensive to live in, expensive to visit.

My sister recently moved away - citing the costs were high and steadily going higher for everything that they needed. (daycare, for example, was over $2,000 a month for their only child).
My husband's family who's lived there for decades on family wealth is also fracturing because of the overall burdening cost of living there - selling off the family venues and moving to another state would net them far more profit than hanging around.

:shrug:

I can't feel bad for the state that continually failed to look ahead and which refused to end it's own failing programs which put them in this situation to begin with.
 
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