The evidence is clear that if you want to live in a well-run state, you’re better off moving to a red one
A study by the non-profit group Truth in Accounting looked at the public financing and debt burdens of all fifty states, which have a total of $1.5 trillion in long-term debt. In blue states, there is an average of $22,214 in unfunded debt. In red states, that taxpayer burden is only $1,473.
Every day, roughly 1,000 people move from blue states to red states on net balance. That’s good news for red states. In 2013, Florida gained $8.2 billion in adjusted gross income from out-of-staters. Texas gained $5.9 billion in one year. And given the more business-friendly environment in red states, they tend to outperform their liberal counterparts in both population and job growth.
If you want a more extreme example, look no further than the most liberal state in the nation: California.
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California has held a unique spot for decades. Being too big an economy to ignore. In that position, California, used its economic power to bully businesses. California would set product standards, and businesses would kowtow to their demands. And as a result, spread its influence across America.
ReplyDeleteBusiness would meet whatever standard California dictated. It was just too big a market to ignore. Carmakers would meet, California standards, at a cost. Then impose those standards and costs on the rest of the nation. And so, did every other company. It was too expensive to make one product for California and another for the rest of America. So, Americans were forced to pay for California’s dictates.
But now there is a crack in that vaulted status California enjoyed for so long. California is NOT the economic power it once was. There will come a point, and I think in not the too distant future, some major company will say enough. Rather than meet some new dictated standard, that company will decide to withdraw from California. Why spend millions to enter an economy that is not the sixth largest in the world, but one that lags behind half of the stated in the nation. All it will take is one major corporation to say no. There will be a domino effect as others decide, California is not worth the investment.
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There will come a point, and I think in not the too distant future, some major company will say enough. Rather than meet some new dictated standard, that company will decide to withdraw from California.
DeleteI hope.