California does not need wealthy people

That is our claim and we are sticking to it.  What California needs is for all those small states to fork over their tax bucks for our Obamacare infrastructure; California's main industry is implementing federal programs.

Look at the Tax Foundation and their map of income migration The map tells us that California and New York lead the country in wealth migration, losing 70 billion in taxable income together. Illinois is the one in trouble, losing 20 billion, a number that indicates near term bankruptcy. Look at the California numbers, 30 billion lost. At a tax rate of 15%, these are rich folk, the cost to the California budget comes to 4.5 billion. The California budget is effectively back into the red, relative to the bureaucrats' first order projections. These numbers do not bode well for the future security of municipal investing in large, high taxed liberal states.

The solution is fewer large scale federal programs, and keep California's tax rates as they are, for now. Our real cost is the inefficiency of making these federal programs, designed in the small states, work in huge, especially liberal, economies. Texas does better because Texas keeps a small state mentality, they get it. Where is Dan Walters, why is he not speaking to the problem of mixing federal programs into the morass that is California government.

Prediction, as Obamacare unfolds, NCLB continues to wreck havoc, DOT projects continue losses, and the legislature continues to micro-manage, California efficiency is headed down, down, down.