San Jose Mercury News – Report: California faces looming skills gap as college grads look elsewhere
For decades, the educated have flocked to California to make their fortune in aerospace, computer and other high-tech jobs. But that modern gold rush is over, which could spell trouble for the state’s economic future.
With stratospheric housing prices pushing an unprecedented flow of college graduates out of the state, a prominent think tank says California faces a worrisome shortage in future decades: A lack of highly skilled workers to buttress the state’s quality of life.
A report released today by the Public Policy Institute of California says that while a new flow of highly educated foreign immigrants has covered the needs of California businesses in recent years, the out flux of college graduates to other states, limits on immigration, a growing number of jobs that require a college degree, and the fact that California is not producing enough college graduates collectively means that the state faces a worrisome brain gap.
This is bad news. Who will be buying homes and paying for retirements if these people leave California?
Clearly, repealing Prop 13 is out of the question – it would be the height of ridiculousness that someone who buys a home today should pay the same property tax as his neighbor who bought in 1977. After all, the person who bought in 1977 clearly helped improve the community by the sheer act of living there. It’s tough you know!
The only solution to mitigate the problem of these people leaving is to support Proposition 1313: Protect Californian Homeowners By Youth Exit Tax
Basically, every time someone who is under 65 leaves the state, he or she will be assessed an exit tax. The tax rate will be the highest for those who are youngest, and will gradually decrease until it is 0% for someone who is 65. The taxes collected will go to a fund to ensure that everyone who sells their home in California will break even. This will encourage California’s youths to not leave the state, and buy Californian homes – thus Saving the American dream and stabilizing society.
Are you with me? Support this Proposition today!