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Reagan on Golden State Exodus

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  • Description

    Author Michael Reagan discusses why people and businesses are leaving California.

  • Duration 4:20
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This transcript is automatically generated

It is from the US Census Bureau show that about 100000.

More people left California and moved in -- that's -- net.

Out migration.

In 2011.

Shockingly enough.

Might Reagan was not one of them.

He joins us now bright and early from Los Angeles -- very much for joining getting up so -- in Los Angeles we appreciate it might now.

You guys thank you very much -- that I get got a good.

-- saw about that though.

Why all these people leaving conventional wisdom -- -- -- -- taxes taxes taxes taxes but is this something more to it than that.

Well -- lack of education how about the schools school system that used to be number one is now what forty ninth in the country.

Taxes another reason for it.

Cost of living another reason -- And no vision into the future there's going to get a better so we shouldn't -- the other day you don't California the houses are free the weather is what cost you money.

-- brigade to a porch and -- it.

Maybe the weather is it worth the money anymore.

And as companies Lehman about seventeen companies a month Stewart are leaving the state of California but it's not just -- companies moving when they leave.

They take the workforce with them to that state that they moved Q yet that's.

That's a good question -- would know that the role numb is a 100000.

Net migrating out of California.

But do you know who those people off I -- you've got.

But that an extra 100000 -- I don't know who those people off.

Well look people are there actually the people that usually beer in California made a living paid taxes -- -- if a tax based -- leaving the state of California.

Also the youth groups leaving the young people middle class people who can't find a job.

And have no -- region to think they're gonna find a job in the future so they're chasing job for others to Texas Arizona.

Oregon.

Wherever it might -- -- chasing jobs because there aren't any jobs in this -- California remember now here.

You know as you go up the food chain of making money.

I your taxes start to go up and they just voting here November 6 by the way California fell off the fiscal cliff on November -- theft auto the whatever he started about.

Because our taxes went up to thirteen point 3% fund if you make that millionaires.

New price.

Range of 250000.

Dollars so people -- what we talk to a surgeon the other day closed up shop sold his house and is leasing the home.

In Las Vegas he says he couldn't take it anymore.

That this is a historic reversal.

-- -- -- a -- in America forty years I sought out in San Francisco forty years ago.

And -- back -- those days there was always a net migration into California a very significant numbers.

In California -- tens of millions of people a little my time in America.

But that.

Just recently has been completely reversed now there's a net leaving of people -- that's his start in America that is just started.

You start it is historic because you come -- they should for the weather.

But that generally more.

There there's no promise of -- future don't promise.

That you're gonna be able to put down your stake in and really do something with the -- have a FaceBook one of the partners who FaceBook.

-- leftists not -- state of California left the United States of America because of the tax is going on in this state.

And in the United States of America itself so again there's no incentive to stay in the state because you're so punished.

If in fact you do well estate and if you're young couple trying to -- -- failing and put your child into the public school system.

Public school system is in the tank I mean there's more kids dropping out the drop in the -- Potential if you wanna raise your fairly different not to place to do it anymore -- why -- I tell -- that decided that he's a family's.

A man and a woman a husband wife were not the greatest family in the world we now have gangs.

-- -- you read about killings every night in Los Angeles.

Going always say why biewer let me go some -- towards safer let me go -- -- -- in fact I can raise my family the school system with good and all visit the weather with the money -- say.

Let's it was not like that when I came to San Francisco go -- back in the early seventies my comes I have got to leave you about some breaking news Mike Reagan always a pleasure thanks -- much indeed.

Let's go to nick.

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