The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: California vs Texas||Date: 2/13/2013 12:36 AM|
|Author: JoshRandall||Number: 671351 of 847536|
1. ...in the last five years Texas has gained 400,000 new jobs while California has lost 640,000. The Lone Star State’s rate of job growth was 33 percent higher than California’s last year, even as the Golden State finally pulled out of the recession.
2. California liberals, including Governor Brown, respond to such criticism by saying that their state’s quality of life remains unmatched and that Texas specializes in creating jobs at or near the federal minimum wage of $7.25 an hour. Texans respond that they are creating many middle-class jobs in the energy and manufacturing sectors, and that even minimum-wage workers have it better off in Texas than their counterparts do in California.
3. “California has the third-highest cost of living, while Texas has the second-lowest,” says Chuck DeVore, a former California GOP state legislator who relocated to the Lone Star State to work as an analyst for the Texas Public Policy Foundation. “That means California’s $8 minimum wage buys $6.06 worth of goods and services, while Texas’s lower $7.25 wage buys the equivalent of $8.04.” One might even say that California’s high-tax, high-cost model is a form of class warfare against its poorest residents.
4. Perry running ads in California:
Liberal good intentions don’t help much if the laws and regulations they foster gradually erode the ability of the middle class to stay in the state. That’s why I won’t be surprised at all if Governor Perry eventually brings back some handsome trophies from his recruitment trip to California this week.
5. Joseph Vranich, a California business-relocation expert, agrees that California has a systemic job-creation problem and says it needs to worry about more than just Texas. He says that 15 states are sending delegations to California and seeking to convince firms to relocate or, if they stay in California, to expand their operations out of state. Wealthy individuals such as golfer Phil Mickelson are openly talking about following Tiger Woods and moving to low-tax states such as Florida. EBay, Facebook, and Visa, among others, have recently made major expansions in Texas. “That kind of talk will only intensify now that top earners in California face a 13.3 percent income-tax hit on earnings over $1 million,” says Jon Fleischman, editor of the political blog FlashReport.com. “That’s not only the highest rate in the U.S. It’s the highest rate any state has had since World War II.”
Taxes don't affect behavior and liberalism is not a mental disorder. And the enlightened folks in California elected Governor Moonbeam, liberal to the core. Ya think they are feeling it yet?
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|