One of the best indicators of a state’s economic health, according to John Merline, writing in Investor’s Business Daily, is the “U-Haul Index” (first publicized by economist Mark Perry) to see what people are paying to move into, or out of, the state. Renting a 20-foot truck one way from San Francisco to San Antonio, Texas, for example, costs $1,693. Going in the other direction, however, costs only $983 for the same truck.
As Perry explains:
The American people and businesses are voting with their feet and their one-way truck rentals to escape California and its forced unionism, high taxes, and high unemployment rate for a better life in low-tax, business-friendly, right-to-work states like Texas.
They have lots of reasons to leave. According to the Tax Foundation, “Tax Freedom Day” arrives earlier in Texas than it does in California, due to its zero individual and corporate income tax and a lower sales tax. Put together, Texas’ state and local tax burden is less than eight percent of income, well below the national average of nearly 10 percent, while California’s is almost 12 percent.
This enormous disparity puts California the 48th out of the 50 states in the foundation’s overall business tax climate index, while Texas ranks ninth.
It isn’t all about taxes, however. Its regulatory environment and yawning fiscal deficits are chasing companies away to more favorable locales. Part is the state’s determined efforts to increase still further its tax burden on high income earners — now an astounding 13 percent — along with its implementation of policies favored by the Obama administration in Washington. As Joel Kotkin of NewGeography.com put it,
California will serve as the prime testing ground for President Obama’s form of post-economic liberalism. Every dream program that the Administration embraces — cap and trade, massive taxes on the rich, high-speed rail — is either in place or on the drawing boards.
Read More at thenewamerican.com . By Bob Adelmann.
Photo Credit: Phlairline.com (Creative Commons)
Related posts:
- Obama Defunds Texas “Women’s Health” Program, Media Blames Texas Obama administration officials in the Department of Health and Human…
- Liberals Lie About Texas’ Economy by Tom Pauken In a print ad published in 41…
Get Informed! Read More About this topic::
- Californians Fleeing To Texas “Improves” CA Economy Here’s a bit of good news: California’s economy is improving!...
- Left Howls Against Rick Perry’s Texas Taxation: Governor Rick Perry took a lot of ridicule for his...
- Petraeus Making 1st Speech Since Leaving CIA LOS ANGELES — David Petraeus was greeted with applause and...
- State Farm To Leave Illinois, Move To Texas State Farm, the nationally-known insurance chain headquartered in Bloomington, Illinois,...
- Obama’s In Texas To Talk Jobs? He Should Try Listening In February, I invited Barack Obama to come to...
I am from Texas, and I can’t say that I am glad to see this…….
I do understand the reasons for this though. But, if California wants the “obutthole way” then they can have it and stick it where the sun don’t shine. Maybe those hollyweird types can pay those high taxes that they supported when they threw their support behind the worst imanginable THING ever to hit Washington DC. They can damn well have him, and welcome to him, and HIS HIGH TAXES! The Golden State will become the Brown Turd State, and they deserve it. And anyone who moves here from that cursed state needs to keep in mind, WE DON”T WANT THE SAME BULLSHIT HERE AS THE BULL THAT YOU LEFT THERE! Come to Texas, and LIVE AS A TEXAN LIVES! Otherwise, STAY WHERE YOU ARE! You get what you pay for, and you will get exactly that! You BOUGHT AND PAID FOR YOUR OWN SLAVERY WHEN YOU PAID FOR THIS THING TO INFECT OUR NATION!
Dis it's is better for them to leave and stick it up Governor Moonbeams Ass along with Poopalosi and Watters
You just have to be careful that your getting people who feel the way most Texans feel.But as good as your state is you still have some of those touchy feely people living there.
YEAH…I was there for a couple of years and the ONE thing I really liked about california was to see it in my rear view mirror! I hated that perverted place! never saw so many weirdos and perverts in my live! I took a hike after 2 years! ENOUGH WAS ENOUGH!!
We would welcome businesses from Cal.to SC.Hopefully the illegals and queers can have California.I'm sure Streisand and her crew will foot the bills since they want to pay higher taxes to make Sambo look good.Those coming in have to be vented if they're liberal ship them to NY,NJ,Mass,Del.NH,Me, Vt,Va,Conn,or any other state that voted for the igger.