Here’s a bit of good news: California’s economy is improving! Of course it is not true and this pronouncement comes from a liberal think tank, but hey it sounds so good doesn’t it?
What’s laughable is that The Rockefeller Foundation and Yale professor Jacob Hacker claim this “improvement” is proven by the fact that the percentage of California’s families reporting a major economic loss last year dropped by 1.4%, which is a whole .10% better than the national average. The fact that California is so economically distressed and has been for so long that there are few families left to experience economic losses doesn’t seem to enter into Professor Hacker’s formula.
Now for some reality: according to those who study the fiscal and economic health of a state, a much more honest measurement is the “U-Haul Index” which examines the cost of moving in or out of a given state. The latest U-Haul Index, the one-way cost of renting a 20 foot truck to go from San Francisco to San Antonio Texas is $1,693, yet making the trip in reverse costs only $983.00 for the same truck.
People are voting again, only this time no amount of voter fraud can change the outcome. Americans are moving with their feet. They are packing up and leaving California and its insane policies for the relative financial safety of Texas. The exodus is being fuelled by higher and higher taxes, higher unemployment (even with Democrats announcing the numbers), forced union membership and a hostile climate for business in California. On the scale of friendliness toward business, California stands the 48th out of the 50 states and Texas is just 9th. The tax burden is 1/3 less in Texas than it is in California.
The percentage of Californians in poverty is growing so far that although it represents 12% of the nation’s population, it accounts for 1/3 of all of America’s welfare recipients.
In each of the last eight years Texas has been the number one state for inward migration and California has been dead last in this category.
Let the Ivory Tower preach empty words about things improving in California, but the truth looks like things aren’t getting better. The voice of the people is too loud to be ignored: California is the place to be from and Texas is the place to go.
Photo credit: Creative Commons by ***Karen