California is losing its luster, looming on bankruptcy, and is now low on children. According to the Wall St. Journal, the Golden State faces an economic and demographic challenge from population migrating out of the state, particularly its children.
The state is currently experiencing an historic transition. Both people and business are moving out of California in record numbers. Usurious tax rates, relentless unemployment, and restrictive government prohibit all but the wealthy to live with any level of comfort within the state.
Furthering the problem, California now funds education by raising taxes. Increased tax rates, which went into effect with the new year, are unaffordable by many. Those leaving California leave in droves and take their children with them. The laws that were created to fund their educations are having exactly the opposite effect.
Another problem is declining birth rates in the state. California houses large numbers of baby boomers, most of whom are retired and living on past-earned incomes. Obviously out of child-bearing age, boomers dominating the state are no longer productive in replacing lost population.
Besides the boomers, declining birth rates were found for whites, Asians, and African-Americans. Every population group is affected. The result is an overall declining population in an unproductive state, an unstable condition contributing to California’s swift economic decline.
Something is not working in California.
Comments