“The mayor of Los Angeles has declared a ‘state of emergency’. Hollywood’s movie industry is being ceded to other states and countries whose favorable tax ‘credits’ are increasingly luring away movie and television production. As competition both in the US and abroad continues to grow, the state’s market share and longtime stronghold on production jobs and spending are fast evaporating. The main problem is taxes. California’s government has so destroyed the state that its only option to keep afloat is a continued rise in taxes. In response, people with money have been fleeing the state for other states. New York and California have lost the most in the last decade.”
http://dollarvigilante.com/blog/2013/8/29/fleeing-oppression.html
Related posts:
Why the Status Quo Is Doomed
Will the Federal Reserve Taper Off on QE?
Doug Casey on Internationalizing Your Cash
And the Actual Customers….
Diamonds, Advertising, DeBeers and Sex
Seth Klarman On "Born Bulls", Bitcoin, & "The Truman Show" Market
Realism versus Nonintervention
Courts Quietly Move From “May” Convict to “Must” Convict Jury Instructions Over 40 Years
Book Review: Damn Right! Biography of Charlie Munger
John Whitehead: Anything Goes When You’re a Cop in America
Gary North: How Come We're So Rich?
The Problem With Altcoins
Montgomery bus segregation was a government program
Fifteen Benefits of the War on Drugs
Obama Follows Bush's Iraq Playbook