San Diego Housing Market News and Analysis
Prop 30: Southern California vs Texas
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Submitted by paramount on November 22, 2012 - 11:39pm
Following the passage of Prop 30 and to a lesser extent Prop 32, I'm convinced that life in California for producers/private sector workers is going to become increasingly difficult...and expensive.
By far the prime benefactors of Prop 30 are public employee/millionaires, and it's clear that public employees/unions absolutely control nearly every facet of California.
I guess California is finally governable - in the tradition of socialism.
Prop 30 was just the beginning now that the public employee unions own the majority assembly, not to mention the public employee unions raised the scare tactics to an art form.
Let's boil down Prop 30:
No Vote: Make cuts and live within our means
Yes Vote: Let's take money from hard working people and get them to pay for what we want.
What happened to the lotto money?
Nevermind, I think it's time for a Plan B: Move to Texas. And here's why:
TX vs CA
*Lower median home: $148,000 vs. $297,000
*Lower income tax rate: 0% vs. 9.3% avg.
*Lower jobless rate: 7% vs. 11%
*Less Regulations and government/More Freedom
*Cost of living in California is 42 percent higher than it is in Texas.
*The Government serves the Public in Texas, in California the Public Serves the Government. Texas keeps it's gov't small.
*In California, there are 252 non-education government employees per 10,000 citizens. In Texas, that number is 22 percent lower: 196 per 10,000 citizens
*Tax burden: In California, it is $11,302 per person; in Texas, it is $7,756 per person (the national average is about $9,450). 32% less.
*The Texas Legislature only convenes once every 2 years.
*California gov't workers are the highest paid in the country.
*Texas was recently ranked #1 for business, California was dead last at #50
*So, a better way to compare public-sector spending is to look at what proportion of the states’ economies are spent on state and local government. Across America, spending on local and state governments made up 19.8 percent of the average state’s economy in 2008. California spent 22.5 percent, compared with Texas’s 15.4 percent. Simply put, Californians spend 46 percent more of their income on their government than do Texans.
Last month, Texas added 27,900 jobs. The official unemployment rate is 7.1 percent in Texas, compared with 8.3 percent nationally. California added 4,000 jobs and has an official unemployment rate of 10.9 percent.
California’s model of government-led prosperity, aided by the nation’s best weather, appears to be in serious jeopardy. Texas’s model of freeing jobs creators to do what they do best through low taxes, less regulation, and a better lawsuit climate is looking stronger by the month. [National Review]
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