Millions flee California because of progressive tax system?
California has lost billions of dollars in revenue in recent years as businesses and residents flee the state, in part because other states have a more favorable business climate.
According to one estimate, 254 businesses across a variety of industries moved all or some of their jobs out of state last year.
California has both the highest state deficit in the country and the highest personal income tax.
Silicon Valley, a unique business center thought to be particularly resilient to economic downturn, has also responded to the poor business conditions. In 2005, for example, Intel decided to build a multi-billion dollar chip-making facility in Arizona because of the state’s favorable corporate income tax system.
Utah and Texas have stolen skilled technology workers from California-based companies like Oracle, Adobe and Apple.
Small business owners are also increasingly trying to move to other states to avoid high taxes and cut costs.
Read More: http://dailycaller.com/2012/07/27/millions-flee-ca...
Top Opinion
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Mike 2012/07/30 19:16:46
Tax them into oblivion, and they will leave.....and they have been doing for a while...this is really old news...but it does go to show that the people that elect the idiots are as stupid as the people they elect.....
It isn't called the "Communist Empire of California" and the "left coast" for nothing~!
Would make life so much better for the rest of us.
In practical terms what that means is that we're now much more free to vote with our feet and wallets. THIS is the way you defeat socialism: you move the hell away from it and let it collapse under the weight of its own depravity.
I'd suggest GA or one of the Carolinas, though. Folks in Alabama are a little weird. :-)