Unaffordable California – it doesn’t have to be this way

By Jack Dean | California has one of the nation’s worst tax climates and it’s getting worse, writes Richard Rider in the California Policy Center’s Prosperity Forum.  Rider’s analysis found California’s taxes to be in the nation’s top ten in every category except for its property tax.  In addition, Rider notes that California’s capital gains tax is the second highest in the world, and we are the only state with a cap-and-trade tax.

My longtime friend and political ally Richard Rider is chairman of the San Diego Tax Fighters. He was named Taxfighter of the Year in 2009 by the Howard Jarvis Taxpayers Association.

To read Rider’s analysis, click here.

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2 Responses to Unaffordable California – it doesn’t have to be this way

  1. Barry Levinson says:

    What a coincidence — the very next day after I penned my comments above, the LA Times ran a story in the business section about the number of people exiting California. According to the story this situation has been going on since the ’90s.

    The author included statistics that showed that from 2006 thru 2013 or 7 years we have had a net migration of approximately 250,000 people leaving the state.

    The article mainly blamed the high cost of housing for people leaving the state but the high taxation rate also is a contributing factor. After all it is not what you earn that counts but rather how much the government graciously allows you to keep for yourself.

    Regardless, I think all would agree that a healthy state economy draws in people, not the other way around.

  2. Barry Levinson says:

    The tax structure in California is one of the highest in all of these United States.

    When you compare other states, especially as it relates to retirees the comparison gets much worse. You see ladies and gentlemen there are many states that want to encourage retirees with some discretionary income to spend, to move to their states and to help bolster their economies.

    What is usually missing from this debate is that as our nation’s population continually gets older both by total numbers and as a percentage of the total population, these decisions to move by California retirees will have an increasingly devastating impact on the California economy.

    So while all those Nero’s in Sacramento, in county seats of government and in our cities continue to fiddle, the California economy will continue to crater and burn.

    In the past, the good news was that economic problems usually do not have to be fixed overnight. The bad news is that too many nights, weeks, months and years have already been wasted and time truly is now running out for our once great state.