today. town, u.s.a. this is states that it have no income tax. the evidence is irrefutable that businesses and capital and families are moving out of those high tax states where you live in new york and moving to these no tax states. you have got a number of places like northu carolina, like arkansas, like kansas and oklahoma and south and southwest that say we don t want to be like california. we want to be like they are looking at eliminating their income taxes. revenue losses that will be complaint new give that up you are going to lose revenue. how do you make it up? that s a great question a lot of these states are saying thee are going to expand and maybe increase our sales tax. that s politically hazardous it hasn t looked very well. some states are looking a why not use this bonanza of money from the energy revolution that we talked about a little bit about earlier. use some of that money in terms of the severance taxes
tennessee, i m in nashville, tennessee, today it s boomtown, usa. states that have no income tax and the evidence is irrefutable that businesses and capital and families are moving out of those high tax states like where you live in new york and moving to these no tax states. he so you ve got a number of places like north carolina, like arkansas, like kansas and oklahoma and the south and southwest, that say, you know, we don t want to be like california we want to be like texas and they re looking at eliminating their income tax. paul: okay, steve, but what about the revenue losses? that will be the big complaint if you give that up you re going to lose revenue. how do you make it it up? a great question, a lot of states say we ll expand and maybe increase sales tax and that s been a political hazard if it hasn t worked well in places that tried that. i want to toss out another idea that some states are looking at. why not use this bonanza of money from the energy revolution we ta
here s the thing. we re generous. we love our fellow americans. but when you start talking anything north of 50% total, it is outrageous. sean: now look look at the mass exodus in the last census from new york and new jersey and look at california. look at the top three tax states. the brain power that leave there is. you know who replaces them? babies and illegal immigrants with low work skills. that s who who replaces the talent that leave. sean: if you notice, prime minister cameron has gone out there come to great britain. i read 40% of the young entrepreneurs are moving to london by the way, we re talking about france, unemployment above 7% for 30 years straight. there are only two or three rich people left in france here. but the old money s moving to belgium and the entrepreneurs are moving to london.
here s the thing. we re generous. we love our fellow americans. but when you start talking anything north of 50% total, it is outrageous. sean: now look look at the mass exodus in the last census from new york and new jersey and look at california. look at the top three tax states. the brain power that leave there is. you know who replaces them? babies and illegal immigrants with low work skills. that s who who replaces the talent that leave. sean: if you notice, prime minister cameron has gone out there come to great britain. i read 40% of the young entrepreneurs are moving to london by the way, we re talking about france, unemployment above 7% for 30 years straight. there are only two or three rich people left in france here. but the old money s moving to belgium and the entrepreneurs are moving to london.
part of its business there. it also does not have control of the tax receipts that are off by $3.5 billion. i m not saying that it s what is done here. but the legislature are a bunch of punks and cowards. greg: democrats. bob: right. it say it about them. they won t increase the taxes. cut spending the way they should. taking up for people who vote in november. on a referendum. that s what he should do. you have to cut spending and increase taxes. keep get republican, no more taxes, no more taxes. greg: that s like i m saying i will only cut back from drugs a little bit. eric: they can t increase taxes anymore. they have 11% tax already. this is what is happening. people in businesses are leafing california, they are going to no tax states like texas. last year, there was a 1% slide in the number of jobs that california created, versus people needing jobs.