Thursday, January 31, 2008

California's Exodus...

California
Once again, California registered the biggest net loss of domestic population in the country – 263,035 more people moved OUT of California last year than moved IN. That comes on the heels of 2005-2006, when 287,000 more people moved out of California than moved in – a bigger total loss of domestic population than Louisiana suffered after Hurricane Katrina. According to the Census Bureau, California has suffered a net loss of more than a half-million people to other states in the last two years.
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The Laffer Competitiveness Index annually ranks states for tax and regulatory competitiveness. The higher the number, the heavier the burdens. California ranks 44th among the 50 states in the Laffer Competitiveness Index. Of the six states losing population the fastest, New York ranks 49th, Rhode Island 48th, New Jersey 43rd, and Hawaii, 45th. The only anomaly was Michigan (16th) whose economy is reeling from the slowdown in automobile sales.
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Does anyone see a pattern here? Once again, the states with high tax and regulatory burdens are losing population to the states with low tax and regulatory burdens...

[who's leaving demographically? well, those who pay high taxes and consume the least in government services...]

http://www.carepublic.com/blog.html?blog_id=212&frompage=latestblog&domain=tom_mcclintock

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