The state boasts a population of more than 37 million. However, the Orange County Register reports that 870,550 people left the state between 2005 and 2009. “That’s like the whole city of San Francisco just up and left,” the article states.
What is chasing people away?
It might have something to do with the state having the third highest unemployment rate in the nation at 10.7 percent and the $500 billion of unfunded liabilities of its pension systems and a roughly $16 billion deficit. The state, with one-ninth of the U.S. population, is also home to 34 percent of the welfare recipients in the country. If that’s not enough, California’s top-down tax structure deters businesses from opening or expanding, and the environmental movement is in full swing in the state, even preventing the agriculturally rich Central Valley from receiving its full water allocation.
Tuesday, August 28, 2012
California, here I go
The giant government cookie jar is just about empty.