California is ranked 47th for business outlook [amongst states] this year by the American Legislative Exchange Council. Arizona and Nevada are ranked 7th and 8th, respectively. Texas is ranked 13th and North Dakota is 4th. ...
From 2000 up to 2010, the latest data available, California lost 410,000 residents to its low-tax neighbors, Arizona and Nevada. These residents took over $12 billion in adjusted gross income with them. Another 225,000 residents and nearly $4.5 billion went to Texas. This money could have benefited California’s economy through residents purchasing goods and services at local stores and financing business creation and expansion. However, in this case, one state’s loss is another’s gain. ...
Source:
Jared Meyer, a policy analyst at Economics21 at the Manhattan Institute for Policy Research.
