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Tags: arizona | florida | bloomberg | guiliani

Welcome to Texas, But Leave Your NY and Calif. Politics Behind

Welcome to Texas, But Leave Your NY and Calif. Politics Behind


Larry Bell By Monday, 03 August 2020 01:25 PM Current | Bio | Archive

Why do many people forget why they left New York, California, and other states to move to Texas; then vote to recreate the same problems after arrival?

Lots of us who chose to live here for those very same reasons wonder about that.

Sure, the recent remote online work trend sucked many employers and workers out of costly major city centers into more affordable suburban and rural areas.

Information technology played a big role in that.

And yes, the coronavirus pandemic has socially distanced our human psyche from comfort about being crowded together in dense metropolitan areas, tightly packaged with strangers from who-knows-where in public transit systems and high-rise elevators. How big a factor is this — how momentous will it soon become in determining the future of a pandemic reprieve?

We can only speculate. In truth, no one can really know for sure.

But what we can be certain about is that lots of businesses and bodies are bailing in droves from predominately liberal cities to Texas, Arizona, Florida and other Republican states for reasons that aren’t purely coincidental.

Consider New York State and Manhattan for example, where the last dividends of leadership under Republican mayors Michael Bloomberg and Rudy Giuliani have been squandered by increasingly radical policies that are skyrocketing taxes and living costs upward.

Meanwhile, businesses and public safety are being dragged down.

Over recent years both the state and city are losing waves of educated high-earning residents, including millennials, of which nearly half are in income brackets above $150,000. Nearly a half-million residents moved out on 2018 alone.

Meanwhile, as the Empire State’s budget is in near free-fall due in part to lower revenues from middle and upper-class workers, growing states like Texas and Florida have recently enjoyed pre-Covid-19 surpluses. Earlier last year Gov. Cuomo had reported a $2.3 billion state budget deficit.

According to NBC News, New York City home sales cratered by nearly 10 percent last May – plunging roughly 27% on the year, the biggest drop in nearly four decades.

The Big Apple’s ever-rising tax burden on high earners is onerous. Its local government relies solely on the top 10% for over 70% of taxes, with the top one percent paying more than the bottom 90% combined.

The city’s pension plans are already underfunded in the tune of tens of billions of dollars, with retirement spending comprising nearly a quarter of the annual budget and hopelessly growing.

On top of this, the New York City Council recently passed a $93 billion budget, which includes spending hikes of 6 % for salaries, 9% for other employee benefits, 9% for debt service, 11% for health insurance, 12% for public assistance funding, and more – plus new set-aside line items for taxpayer funded abortions, an army of new social workers, and even a package for the Green New Deal.

Incredulously, as crime problems and social unrest escalate, New York City’s government has now cut a billion dollars from the police budget. Good luck with that stopping the exodus of remaining small businesses and residents that can still afford to leave Mayor Bill De Blasio’s ill-fated democrat socialist mecca.

As with New York, California’s business environment had gone from bad to worse long before the Covid-19 pandemic locked down much of its economy. As reported by Investors Business Daily, an estimated 1,800 companies either relocated or "disinvested" in the formerly Golden State in 2016 alone.

While California has lived up to its reputation as the Golden State for some industries, particularly those associated with Silicon Valley and the digital media boom, others aren’t nearly so fortunate.

Despite having just 12% of the nation’s population, California is home to roughly one-third of the nation’s welfare recipients, with nearly one in four residents rated as "poor."

California's business climate is famously hostile to businesses, especially small- to medium-sized ones. CEOs polled by Chief Executive Magazine called it the worst state in which to do business, and the nonpartisan Tax Foundation ranked California's business tax climate 49th in the nation, trailing only New Jersey.

The state also has some of the nation’s highest personal income tax rates, ranging up to 13.3 percent this year. And unlike federal tax law, California has no special provisions for long-term capital gains on assets held over a year.

If there’s any good news, it’s that California eliminated its inheritance tax in 2005, so at least it’s a good place to die — or apparently also, to leave.

Whereas New Yorkers flock to Florida about four to one over Texas, California expats beeline to Texas as their number one work-and-life-friendly refuge, and have done so for at least a dozen years.

After all, who can blame them?

With no state income tax or corporate income tax, Texas continues to draw businesses from at least 22 overtaxed California counties, with San Francisco losing the most, followed by Los Angeles.

The Lone Star State is home to 49 Fortune 500 companies and 2.4 million small businesses, with America’s second largest civilian workforce totaling 14 million people. Texas also has no personal income tax, a lower top rate on capital gains than California, and significantly lower real estate and rental costs.

On top of all that, Texas is really big, in fact it’s Texas-size, with a great variety of wonderfully beautiful, safe and affordable places to raise families.

Ya’ll come and visit — maybe even stay — there’s always plenty of room.

But before you pack up your kids and duds, hitch up ol’Bessie to the wagon and saddle up to relocate, please give some serious thought to leaving New York and California political mindsets behind. Make it a priority to remember why you left.

Larry Bell is an endowed professor of space architecture at the University of Houston where he founded the Sasakawa International Center for Space Architecture (SICSA) and the graduate program in space architecture. Larry has written more than 600 articles for Newsmax and Forbes and is the author of several books. Included are: "How Everything Happened, Including Us" (2020), "Cyberwarfare: Targeting America, Our Infrastructure and Our Future" (2020), "The Weaponization of AI and the Internet: How Global Networks of Infotech Overlords are Expanding Their Control Over Our Lives" (2019), "Reinventing Ourselves: How Technology is Rapidly and Radically Transforming Humanity" (2019), "Thinking Whole: Rejecting Half-Witted Left & Right Brain Limitations" (2018), "Reflections on Oceans and Puddles: One Hundred Reasons to be Enthusiastic, Grateful and Hopeful" (2017), "Cosmic Musings: Contemplating Life Beyond Self" (2016), "Scared Witless: Prophets and Profits of Climate Doom" (2015) and "Climate of Corruption: Politics and Power Behind the Global Warming Hoax" (2011). He is currently working on a new book with Buzz Aldrin, "Beyond Footprints and Flagpoles." Read Larry Bell's Reports — More Here.

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What we can be certain about is that lots of businesses and bodies are bailing in droves from predominately liberal cities to Texas, Arizona, Florida and other Republican states for reasons that aren’t purely coincidental.
arizona, florida, bloomberg, guiliani
Monday, 03 August 2020 01:25 PM
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