The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: California vs Texas||Date: 2/13/2013 7:25 PM|
|Author: FoolishVintner||Number: 671470 of 767670|
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?
Yes, we are feeling it. Thankfully:
After multi-billion dollar shortfalls in recent years, the state's budget has finally straightened out. California expects to take in $2.4 billion more in revenue than it will spend this fiscal year, which ends June 30. After paying off a shortfall from last year and setting aside funds for upcoming obligations, it's on track to end the year with a $36 million surplus...
I don't know why it never occurs to the California bashers that there might be a number of reasons why people are willing to pay more to live in California than in a Super Walmart mecca like Texas. If you want to use these cherry-picked statistics to bash California, as if it's a *bad* thing for a state's lifestyle and real estate values to command higher prices, you'd be forgetting some basic free market principles in order to do it.
I suppose that you could argue that it might be better for some people's bottom line to live in a low income, low property value, low cost (and standard) of living state like Texas. I could move to Texas and enjoy a lower cost of living, but I won't get paid as much, so it would be kind of wash. I could sell my modest house in the Bay Area and buy a McMansion in Texas. But then, I'd have to live in Texas.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|