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How Money Walks: Out of California, Into Texas

Frank568 Wrote: Mar 24, 2013 11:00 AM
Prop 13 only slowed down the huge budget increases the demo CA budget got in return for the buying of votes from the unions. Check your state outlays against normal states and you will see where the problem really is. Outlandish spending for worthless projects, salaries, and immigrants.
In the United States today, interstate migration is becoming a more and more prominent topic. A new book called How Money Walks has used IRS data to put hard numbers to which states are losing and which states are gaining wealth due to interstate migration.

Most of it won't surprise you: the northeast and the rust belt states, along with California, are losing residents at incredibly high rates. Most of the south and southwest is gaining. Texas, Florida, Arizona, and Colorado lead the way in total wealth gained due to migration. Some are surprising, though: Washington State,...