More Californians are considering fleeing the state as they blame sky-high costs

[man down]

Though no States have yet filed bankruptcy, several municipalities have.

Care to guess which State has had the most municipalities file bankruptcy?

Huh? CA has a surplus! Not!
https://californiapolicycenter.org/c...-5-trillion-2/
1.5 trillion in debt.

[1bad65]

Huh? CA has a surplus! Not!
https://californiapolicycenter.org/c...-5-trillion-2/
1.5 trillion in debt.

The problem is that grubers dont seem able to grasp the concept of unfunded liabilities.

God knows I and others have tried to explain it countless times to them.

It's like they think you can just quit paying certain bills and you're no longer liable for them, ever.

It's another case of them looking at the world in a very child-like, ignorant manner.

[man down]

The problem is that grubers dont seem able to grasp the concept of unfunded liabilities.

God knows I and others have tried to explain it countless times to them.

It's like they think you can just quit paying certain bills and you're no longer liable for them, ever.

It's another case of them looking at the world in a very child-like, ignorant manner.

It's like, I have a million in savings but I have 10mil in debt but I'm all good because I have a surplus lol. There's no surplus!! They don't get it at all.

[Tony Trick-Pony]

And more evidence...

[IMG][/IMG]

[Tony Trick-Pony]

CNBC agrees...


https://www.cnbc.com/video/2018/03/2...g-numbers.html

[Tony Trick-Pony]

California Companies Flee Business-Hostile State In Droves

California: California's business environment has gone from bad to worse, with thousands of businesses pulling up stakes and moving elsewhere. But don't take our word for it. Just ask the 1,800 companies that either relocated or "disinvested" in the formerly Golden State in 2016.

A new report from business-relocation expert Joe Vranich says that the business climate has gotten so bad that, for the first time ever, he is actively telling clients "to leave the business-hostile state because its business climate continues to worsen."

And, no, he isn't a hypocrite. He's followed his own advice. Earlier this year he relocated his own successful consulting business from Irvine, California to Cranberry Township, Pa., a suburb of Pittsburgh.

Maybe that shouldn't come as a surprise. It's not exactly news that California's legislature is the most left-wing, high-tax and business-unfriendly in the nation. California is a virtual one-party state. Lawmakers and regulators recently even tried to tax cellphone texts, but pushback from voters made them drop the plan just this week.

But it isn't just about the state's ultra-high taxes, says Vranich.

https://www.investors.com/politics/e...s-leave-taxes/

[Tony Trick-Pony]

Why people are leaving California

Californians are starting to get fed up with the cost of living and taxes in California. We’re seeing a major influx of people fleeing from the Golden State in large numbers. People leaving California make up 35 percent of the moves we handled in 2018. Particularly lower income and middle class residence are saying goodbye. The trend is a symptom of the states housing crunch. The US Census Bureau shows that California lost just over 138,000 residence to domestic migrations in 2017. States such as Arizona, Texas and Nevada are starting to look more attractive for Californians.

Where are people going, and why?

According to the Census Bureau data, from July 2016 to July 2017 more people moved out of California then people moving into the state. California lost people due to domestic migration. While California is losing residence, Texas had a net increase of more then 80,000 people. Arizona gained more then 63,000 people, and Nevada gained more then 38,000. You will have more buying power in Texas then you will in California.

https://internationalvanlines.com/mo...ng-california/

[Tony Trick-Pony]

California Losing Residents Via Domestic Migration

For many years, more people have been leaving California for other states than have been moving here. According to data from the American Community Survey, from 2007 to 2016, about 5 million people moved to California from other states, while about 6 million left California. On net, the state lost 1 million residents to domestic migration—about 2.5 percent of its total population. These population losses are low in historical terms. The graph below shows data from the Internal Revenue Service on the movement of income tax filers in and out of California since 1990. (Data on tax filers does not cover the entire population because some people do not earn enough income to necessitate filing taxes.) As the graph shows, net out-migration from 1990 to 2006 was, on average, more than double what is was in the most recent ten years.

https://lao.ca.gov/laoecontax/article/detail/265

[man down]

California Losing Residents Via Domestic Migration

For many years, more people have been leaving California for other states than have been moving here. According to data from the American Community Survey, from 2007 to 2016, about 5 million people moved to California from other states, while about 6 million left California. On net, the state lost 1 million residents to domestic migration—about 2.5 percent of its total population. These population losses are low in historical terms. The graph below shows data from the Internal Revenue Service on the movement of income tax filers in and out of California since 1990. (Data on tax filers does not cover the entire population because some people do not earn enough income to necessitate filing taxes.) As the graph shows, net out-migration from 1990 to 2006 was, on average, more than double what is was in the most recent ten years.

https://lao.ca.gov/laoecontax/article/detail/265

You're taking the fun out of it!

[Tony Trick-Pony]

You're taking the fun out of it!

I have been on a bit of a tear...