California's Death Knell...

California is dying.  The "Golden State" has developed a distinct tarnish.  After 100 years of people stepping over each other to move here, more are now leaving that are arriving.  In fact, more than 1,700,000 high earners have moved to greener pastures over the past 5 years.

And, for the reasons listed here, almost any state is greener.

When I moved here, CA was a Right-leaning state.  Now?  We had several two-term Republican governors in a row.  Ronnie Reagan, Pete Wilson, George Deukmajian, and Ahhhnold Swartzenwhositsts, to name just the most recent.  And then the Democrat Machine showed up and has plagued us with one-Party Democrat rule for the past 16 years.  

There are 58 counties in California.  56 are run by Democrats.  Both its Senate and its Assembly are Supermajority Democrat.  More than two-thirds Democrat.  Meaning they can conjure up and pass any dummmass piece of legislation they desire.  And they have.  They don't need a single Republican vote.

(Maybe the best job in the State is a Republican legislator.  You get paid and don't have to even show up.)

The breakdown between the Parties is 61% Democrat and 39% Republican.  Yet, the most recent realignment pre-census took away representation for Republicans to all but those 2 counties.  Our BoyGuv ("Hairgod") Newsom spent $250 Million of our tax money to pay for that election.

The result is now the State is somewhere between 50 and 70 $Billion Dollars upside down.  

The tippy-top 1% of its citizens paying 51% of its income taxes for the past several years.  And even so, enough signatures have been gathered to rape its 200 Billionaires of 5% of their net wealth.  Not income, no.  Their savings, and art, and cars, and homes, and stock.  That's why a huge number of its Billionaires have run for the exits.  Representing some $700 Billion of their $2 Trillion Dollar wealth.  Sirgey Brin, one of Googles co-founders, just bought a $276 Million Dollar home in Florida.  Zuckerberg just moved to Las Vegas.  Too many of the rich to name here.  Just trust me, the goose that laid the golden egg has been shot and killed.  And they're picking its bones clean.

CA can no longer assume its wealthy will pay the freight.  And when they don't, they'll be coming after its $Millionaires.  And then $Thousandaires.  You.

On top of that, more than 440 Major Corporations have left.  Gone.  Headed for the exits.  Moved to Florida.  Or Texas.  Or Tennessee.  Or anywhere but here.  Meaning those who stay will have to find something besides CA's mild weather as an inducement to remain.

Here's a partial list of those who've said bye-bye.  And where known, their new home.  Read it and weep...    

     -  McAfee  (TX)  (No income taxes)

     -  Yamaha  (TX)

     -  Toyota  (TX)  (Been here for 70 years)

     -  Chevron (TX)  (Been here for 120 years.

     -  Oracle (TX)

     -  Digital Realty

     -  Hewlett-Packard  (Started in a garage in Santa Rosa)

     -  Charles Schwabb  

     -  In - N - Out  (TN)  (No income taxes)  (We've lost our burgers)

     -  Budweiser (And our beer) 

     -  Latrino Foods

     -  Playboy  (Playboy?  Really?)

     -  McKesson

     -  CBRE

     -  Shiftpixie

     -  Conginigy

     -  John Paul Systems

     -  Palantir (CO)

     -  Space X  (TX)     

     -  Tesla

     -  Neutrogena

     -  Realtor.com

     -  Caremark Holdings

     -  FICO

     -  Public Storage (TX)

     -  Landsea Homes (TX)

     -  Kimberly Clark

     -  Phillips 66 (TX)

     -  Ninja One

     -  Valero (LA)  (No income taxes.) (Largest oil refiner in America.  Paid over $1 Billion in cash to vacate CA.  Leaving CA with only 8.  That's why your gas costs $6.00 a gallon)

     -  Green Dot

     -  Astura Medical

     -  Incora

     -  KVP International

     -  Maddux Defense

     -  Pabst Brewing

     -  Saleen Performance Parts

     -  Smart Action

     -  Smart Draw Software

     -  99 Cents Only Stores

     -  Container Stores

     -  Macy's

     -  Forever 21

     -  And finally, "X," (TX) (Formerly known as Twitter)

NOTE:  More than 1,400 retail stores have closed or moved in the past 5 years.

NOTE:  More than 4% of CA's corporations have moved out of state and taken thousands of jobs with them.  Many more in the planning stages.

People, and companies, vote with their feet.  They'll move to states where the cost of living, and the cost of doing business, is lower.  Often much lower.  And these companies have voted.  To move to states where there's no income taxes, and low sales taxes, and lower property taxes, and much cheaper homes for their employees to own.  The average 4 bed, 3 bath home in Texas is $356,000.  And a much lower burden of rules and regulations and fees and costs of operation for these corporations.

CA has even begun to try and extract exit fees from those who've left.  Often auditing companies and individuals to try and collect extra cash out of those who've already left.  Often as far back as 5 years.  Trying to punish folks for leaving.  (Suggestion: If you're going, keep meticulous records of your departure date, earnings and expenses.  They'll do anything to lessen their budget shortfall.  They're coming after YOU!

California has the highest cost of living in the Nation.  The highest income taxes.  The highest home costs.  The highest gasoline prices.  And with the highest gas taxes.  The most indigent homeless on the streets (40% of the Nation's homeless).  And the highest sales taxes.  And BoyGuv will undoubtedly run for President.  Hoping to do to our Nation what he's done to California.  

Be afraid America.  Be very afraid.   

What's that sound you hear?  It's the roll-up doors of U-Haul trucks slamming shut, as they prepare to head east on the I-10...