CA Is Self-destructive

After years of positive population inflow, my native state of California is suffering net internal out migration and high unemployment. It also has the 6th highest tax burden among the 50 states. That both are found in the same state is no coincidence.

As we have noted before in this blog, raising taxes is not the way to encourage economic growth and the jobs it brings. The CA legislature cannot accept this truth. A Wall Street Journal article drives the point home:

Idaho, Utah and Wyoming all have unemployment rates around 5% at a time when California is suffering an unemployment rate of 9%. Californians are moving east and creating jobs in their new home states.

As regular readers know, Wyoming is my adoptive home state. Like the folks described in the article, I have moved out of CA. Taxes were certainly a major reason why I did so.