More Responses Re California & China

The message two back of California's financial condition's relationship to the video of the Chinese professor saying in essence "we own you" continues to rouse interest as it should - "Excellent Doug, very interesting and disturbing at the same time. Keep up the good work. Hi Carol." "Disturbing" is the key word from the great majority of responses received.

Below are three appropriate California anecdotes from a subscriber to ReturnToExcellence.net:

1) Why does U-haul charge nearly three times as much to rent a van from Los Angeles to Austin, Texas? Because the flow of moving vans is from California to Texas, and not the other way around. Whenever a van goes to Texas, U-haul has to pay a driver to bring it back.

2) A friend of our FairTax State Director had a light manufacturing business in California. Underscore "had" - in the past tense. After complaining about taxation and regulation, my friend's friend decided to do something about it. He moved his business to South Dakota.

3) My daughter, this past September, started a position in the energy loan syndication unit of Union Bank of California in Los Angeles. Her bank was then acquired by Bank of Tokyo Trust Company - her new indirect employer.

The subscriber wraps it up saying "the Golden State has much to offer, folks, but it is becoming increasingly difficult for it to overcome government mismanagement." This sentiment is applying more & more to far too many other states as well - better check yours out.