July 31, 2021
Economy

Froma Harrop: On economy, Texas shouldn’t mess with California | Columnists

A funny thing happened on the way to California’s collapse. It didn’t happen.

We keep hearing that the Golden State is going down, down, down. Last year, it suffered the first drop in population since records have been kept. And there’s that parade of natural plagues — the droughts, catastrophic wildfires and infernal heat.

A largely hostile right-leaning media go on and on about California’s high taxes and various liberal excesses. Californians, their story goes, are leaving in droves for low-tax, lax-regulation places like Texas. And it’s true that some big California names — Oracle, Charles Schwab, Hewlett Packard and Tesla CEO Elon Musk — have moved their headquarters there.

But is this the whole picture? It is not. As Bloomberg News…

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