California Moves To Texas (And Arizona And Nevada)

[Geee]

Investors Business Daily:

Exodus: California, once a magnet for the enterprising and ambitious, is losing residents. There's not so much a giant sucking sound coming from the Golden State as there is the hiss of a balloon losing its air.

The Census Bureau says that California had a net loss of 100,000 people last year. Many headed for Texas (58,992), while Arizona (49,635), Nevada (40,114), Washington (38,421) and Oregon (34,214) all took in fleeing Californians.

So what's the state's trouble? Here's a partial list.

The Tax Foundation ranks California behind only New York and New Jersey as the worst state in its 2013 Business Tax Climate Index. It is the fourth worst state in which to make a living, according to Money Rates; has the fourth highest income tax burden, says the Tax Foundation; and has the third highest jobless rate.

As if the tax millstone weren't already heavy enough, the voters decided in November to approve Proposition 30, which increases the state sales and income taxes.

[Valin]

@Geee

 

 

As I keep saying...Trends that cannot continue...won't.

 

Its not so much that people are leaving, but who is leaving. Can't prove it, but I suspect it is those job creators.

 

 

Unemployment rate California Nevada, Oregon, Texas, Washington

[Valin]

A California Drought: Not Enough Children

MIRIAM JORDAN

1/8/13

 

Declining migration and falling birthrates have led to a drop in the number of children in California just as baby boomers reach retirement, creating an economic and demographic challenge for the nation's most populous state.

 

"After decades of burgeoning population and economic growth…the state now faces a very different prospect," said a report released Tuesday by the University of Southern California and the Lucile Packard Foundation. The report, "California's Diminishing Resource: Children," analyzed data from the 2010 census and the American Community Survey to conclude that the trend marks a "historic transition" for the state.

 

In 1970, six years after the end of the baby boom, children made up more than one-third of California's population. By 2030, they will account for just one-fifth, according to projections by lead author Dowell Myers, a USC demographer. "We have a massive replacement problem statewide," Mr. Myers said in an interview.

 

 

(Snip)