Posted on by Californiacontrarian

“How low can you go?”

Many of us surely remember the Limbo … a popular game, based on traditions that originated on the island of Trinidad, originally as  an event that took place at wakes. In the 1950s, the Limbo dance was popular – the aim to pass forwards under a low bar without falling or dislodging the bar. The refrain from the Limbo song is “how low can you go?” I was reminded of this refrain as I listened to Stuart Varney during his latest “My Take,” “Varney & Co,” as he discussed the costly California exodus as more residents flee the “formerly Golden State,” arguing the state isn’t “bad enough yet” to turn itself around. 

Barney pointed out that California’s population dropped by more than 500,000 people between July 2020 and July 2022. That’s a real danger to the state because those who leave, take their money with them. 

Two thirds of California’s income tax revenue come from people making over $200,000 a year, and those are the people who are leaving. 

The exodus is costing the formerly golden state billions of dollars: the deficit is over $22 billion and rising rapidly.

High cost of living, increasing crime, homelessness, high taxes and chronic educational decline, and you have a recipe for an exodus. Some say that the exodus is now up to 700,000. If 700,000 ex-tax-paying residents isn’t enough, how high can it go? What will it take to reverse the present trend toward oblivion?

Will the policies of California’s Democrats eventually kill the goose that laid the golden egg? 

Stuart Varney thinks that things have not gotten bad enough. He feels that things will have to get significantly worse, before policy changes will occur. “Don’t hold your breath waiting for a California turn-around. It’s not quite bad enough, yet.”

I am too old to move out of California, and even though I was never much good at doing the limbo, I do need to ask, “California, how low can you go?”

3/3/23

128 Replies to ““How low can you go?””

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