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WSJ editorial writer Allysia Finley on migration out of California due to tax increases.
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Yes we don't know.
Rick Perry wants to give tax money back to the people of Texas when this fall too much of that of coming in California keeps taking it away -- listen to this.
Tiger Woods moved to Florida to avoid paying California taxes when he went -- that was sixteen years ago since then.
He saved.
By yet out of the calculations about next guest 100.
Million dollars in taxes.
Compare -- to Phil Mickelson who is is -- California resident.
He -- pays 13% of his income over about a million bucks.
He's -- have to pay an extra eight million dollars extra in caliber to California just in the last year.
Our next guest -- all about this in the Wall Street and that we take on numbers from she is a mischief -- -- with the Wall Street journalist who welcome the program thanks.
You will also have numbers on the exodus from California out migration tell us.
But they point five million in last two decades.
Which is a reversal his California is gaining a lot of people in the eighty's Nelson they.
-- their regulatory environment in -- tax increases during the ninety's and people start moving to Texas Florida lower tax states for the most part.
So who left these three and a half million people who who want to.
Mostly actually upper middle class people people earning more than probably.
75 grand -- -- some millionaires have left UC love these athletes looming out below up upper middle class people worry get charged nine point 3% now.
On income or were about 50000 dollars that would.
What is second what's I didn't know then I know that is thirteen point three over a million a -- I think that's the case but you're saying it's -- point.
30 were -- 50000.
Dollars to middle class people are taxed like millionaires.
And any other state that's.
I didn't want to don't know that I patients in winter overall clips they even put it yourself tax and everyone and Internet sales -- that's what I mean that's a -- -- switch you've put up distraught man of the boogie man the rich the rich rich for police gigantic utopian socialist.
So welfare state she just can't get enough money from the rich.
Well wait -- second.
Governor Brown.
Says everything's fine and -- the budget is back -- imbalance is going to be in the black he says there's nothing wrong with this whatsoever.
It may allow us to wait in November ND September last two months than their job numbers California has loss -- jobs.
In the last two months right after the tax increase passed -- -- -- their heads how did that happen.
I'm guessing is the tax increase was retro act which last year you're getting a lot of small businesses cutting back.
You think we're gonna see even more out migration you out migration and a lot of jobs -- cut next you know few months it that you put your finger on what we think isn't as a huge national story.
-- -- we've highlighted Phil Mickelson because he represented the story but on the line it is this huge tax battle.
No income tax states verses high tax states coming that's the story isn't it that's -- the internal tax debate is going on America today.
And is studying -- -- calculated.
But also you just have the jobs corporations businesses are expanding in the middle income tax states which are generally more right -- Regulations -- friendly -- you know taxes and governors and the government is friendlier to businesses are you critic of California.
I -- felt how are native Californians you won't I and a web elsewhere if Orange County you felt the big challenge -- PLC and back in the day you that was about the most Republican place on the planet wasn't without its Pamela Horton a -- Bathroom with what you don't wanna live in California alone I mean it's gorgeous -- in December to eighty degrees but.
My job is slacks I.
First came to America my first job in television was in San Francisco in the mid 1970s.
And it was paradise on earth it was a wonderful place to live.
I don't wanna -- in the -- now and it's not just the taxes.
I don't wanna live in the state which takes everything off me and gives me traffic jams and regulations.
And climate controlled in the -- is molested.
And tells you what -- -- and tell your mom is so do you constrained get what you can and can't do wanted to that's new you'll out her celebrity though the -- saying New York California these places people are going there are realizing I can -- be myself I can't even make my own decision -- had -- before.
There's one last one for -- -- Jerry Brown wants to pass a bill quality legislature does.
That would exempt.
Thousands of public sector workers from any kind of pension roll back are you familiar with us no -- and I will -- us that it wants to do that there's been a proposal to roll -- -- pensions in the public sector.
The legislature says no no no no you can't do that absolutely not no pensions are sacrosanct.
Which means that California's budget is still in a -- I think.
Well I think it's been in that singing right now they haven't had any kind of structural reforms in which is what they need at especially on the local level.
Right I think when they really want to do is bail out all these local cities like Stockton are going bankrupt.
Would you ever go back to -- Her vacation to.
-- -- that Alicia -- Wall Street Journal thank you very much for joining us an excellent.
