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 so 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 ….with their feet. …..leaving California and its insane policies for…..
Texas. ……. 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…..
(Excerpt) Read more at coachisright.com ...
