Russ Steele
The 2010 Census results are exepcted in March. These resutls may have some more bad news for California, as we are becoming a state of the elderly rich and the poor who provied essential services, the middle class is excaped to more business, job, friendly states, while more mobile rich people seek states with lower taxes.
Richard Rider, Chairman, San Diego Tax Fighters, at his blog, www.RiderBlog.NotLong.com is keeping score.
Consider California’s net domestic migration (migration between states). From April, 2000 through June, 2008 (8 years, 2 months) California has lost a NET 1.4 million people. The departures slowed in 2008 only because people couldn’t sell their homes. In 2010 we lost “only” 72,000 net people to domestic migration.
These are not welfare kings and queens departing. They are the young, the educated, the productive, the ambitious, the wealthy (such as Tiger Woods), and retirees seeking to make their pensions provide more bang for the buck.
Richard has a depressing, but well documented comparison of California taxes and economic climate with the rest of the states here. The news is breaking bad, and getting worse for California. I predict the 2010 Census will have even more bad news for California, as we continue our fiscal death spiral, as jobs disappear and we lose our tax base to other states.
Exit Question: How do we stop this downward spiral?
