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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (278644)	3/6/2006 9:55:58 AM
From: longnshort	Read Replies (2) of 1572366

Thanks, Meathead "The latest Census Bureau data indicate that in 2005, 239,416 more native-born Americans left [California] than moved in. ... The outmigration is such that the cost to rent a U-Haul trailer to move from Los Angeles to Boise, Idaho, is $2,090 -- or some eight times more than the cost of moving in the opposite direction. "What's gone wrong? A big part of the story is a tax and regulatory culture that treats the most productive businesses and workers as if they were ATMs. ... "And things may soon get worse, thanks to Rob Reiner, who played the liberal 'Meathead' on the 'All in the Family' sitcom in the 1970s and now plays the same part in real life. He and his rich Hollywood friends have put an initiative on the state's June ballot that would add a 1.7-percentage-point income-tax surcharge on 'millionaires' with income over $400,000, with the proceeds earmarked for universal pre-school. ... "All of this has contributed to the trend of wealthy taxpayers disappearing from the state." -- From "Meathead Economics," a Feb. 28 editorial in the Wall Street Journal

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