Monday, August 29th, 2005...3:22 pm
The California Exodus
Some high income earners are leaving California because of its punitive tax rates. Could low- and middle-income workers be leaving as well? One crude measure is to examine the one-way rental rates for U-Haul vans. Using U-Haul’s website, I queried a one-way rental for a 10-foot van for October 1st, 2005.
One-Way Trip Price Los Angeles to Las Vegas $454.00 Las Vegas to Los Angeles $119.00 According to U-Haul, demand to leave Los Angeles and to move to Las Vegas is greater than it is in reverse (more than 3.5x as much). Not conclusive of anything, but telling.
I queried U-Haul for a one way trip from Ceres, CA to Winnemucca and was quoted $926. A return trip would only cost $274. Club for Growth is onto something.
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