Cap & Tax: California’s Recipe To Feed The Texas Economy

From Forbes:

Seems like that old adage “where California goes, there goes the nation” got it pretty much right, at least with regards to business and job opportunities. Yup, a lot of them are haulin’ off to Texas and other free enterprise-lovin’ states.  According to a 2009 “U-Haul Index” tracking study conducted by Mark Perry at the University of Michigan, “The American people and businesses are voting with their feet and their one-way truck rentals to escape California and its forced unionism, high taxes, and unemployment rate for a better life in low-tax, business-friendly, right-to-work states like Texas. High exit demand is reflected by rental rates.” For example, the U-Haul tab for a 20-foot truck one-way from San Francisco to San Antonio costs $1,693, while one going the opposite way can be rented for $983.

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Photo courtesy Franco Folini, flickr

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