Tuesday, May 13, 2014

The Economy - California

If you want a healthy state, do the opposite of California. The politicians in Sacramento are gloating because the financial situation in California is better. They "fixed" the financial situation by raising taxes. What they don't realize is that by making California the highest taxed state in the nation, they are chasing businesses out of the state. They are also chasing productive earners as well. Now the population in California is still growing, but that is only because of immigration from foreign countries. California's "native population has fallen and is now at the same level it was in the 60's! As a result, California is losing more and more of it's productive workforce and the poverty level is rising. The national average for poverty is 16%. In California, 24% are living under the poverty level. This is what happens when you fleece the productive workers and reward the non-productive. California is going to implode just like Greece and Detroit. It is just a matter of time because the math makes it so.

What do you think?

For more:
http://news.investors.com/ibd-editorials-brain-trust/050814-700188-california-golden-years-are-over-as-high-taxes-overregulation-push-jobs-out.htm?ntt=california