Californians fleeing failed welfare state
California has pioneered the bloated welfare state, making itself subservient to special interest groups and labor unions. The Golden State has been in the vanguard of imposing draconian environmental laws, harming the economy, and as a result is now losing population at a rapid clip, as the dream turns into a nightmare. Who benefits? Neighboring states who are actively urging people to move out of California.
Several Western states are launching aggressive efforts to poach jobs, talent and industry from California, sensing an opportunity to capitalize on the Golden State's current political and financial woes.Right behind Colorado are Arizona, Nevada, Oregon and Utah -- all planning to make similar runs at luring corporate executives, venture capitalists and manufacturers who might be fed up with California's political gridlock or anxious about potential tax hikes.What's going on in California is very exciting for us because it looks like a tipping point will soon be reached," said Somer Hollingsworth, president of the Nevada Development Authority.