California Lies to Itself
In pursuit of the truth - http://www.cinopsbegoneblogsport.com - Sunday, May 25, 2014
Preface: This article by Arthur B. Laffer in the Orange County Register, May 24, 2014 is an eye opener. "Making excuses for companies flight" - Los Angeles Times Newspaper's contention that Toyota's departure to Texas wasn't due to California policies is disingenuous. It explains the mind of liberal progressives. If the truth is not politically correct; set the truth aside. Here are excerpts:
"The Los Angeles Times has long been an apologist for California's welfare state... In "Was Toyota driven out of California? Not so fast," ... The authors claim that Toyota's move appears to have nothing to do with Texas' favorable tax and regulatory policies and everything to do with Texas' geographical location. To accept that argument is to accept that:
1. Texas is a right to work state.
2. Texas has no personal state income tax and capital gains tax.
3. Texas having far more favorable workers' compensation costs and Texas having a far lower minimum wage are all meaningless considerations to Toyota employees and executives. If you believe that I have a bridge to sell you.
4. As of March 2014, 62.3 percent of California's population was in the labor force versus 65.2 percent of Texas' population.
5. Texas' unemployment rate is 5.5 percent and California's unemployment rate is 8.1 percent.
6. According to the U.S. Department of Education, California's schools are the worst performers of the five mega-states (which include Florida, Illinois, and New York) and Texas schools are the best performers,
7. In spite of the fact that California teachers are the highest-paid in the nation, earning salaries 40 percent higher than those of Texas teachers.
8. California has the highest poverty rate in the nation.
I (Arthur) left California eight years ago for tax reasons and for tax reasons alone. I love California; I just don't love the policies politicians impose on Californians... My advice to the L.A. Times is self-delusion does no one any good...
9. As of last week, U-Haul listed the cost to rent a 26-foot-long truck, one way from Torrance to Plano, as $2,626, while the Plano-to-Torrance rental for the same truck was $1,264.
10. Over the past 19 years, California has seen net out-migration and taxable income in every year, save 1999, Texas, on the other hand, has not had even one negative year.
11. The cumulative effect from 1992-2010 of taxpayer immigration and out immigration on California's total adjusted gross income in 2010 was a loss of 7.1 percent, or $46.3 billion...
12. The reason why Occidental was headquartered in California in the first place was to be near its profitable California oil patch. California has vast quantities of oil and natural gas reserves as does Texas... Texas encourages the extraction of oil and gas. California does not." That says it all.
George H. Kubeck
Texas is also a pro-life state & is not stupid with Catholic-in-name-only politicians like Jerry Brown.
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