THE CALIFORNIA DISEASE
Here's an example of the sort of policy that has made California a place where it's hard to do business and even harder to buy a house. There's a reason Arnold keeps talking about regulation, even though regulation would seem to have no direct effect on the state budget crisis. People are leaving the state because it's too expensive and too hard climb the economic ladder. And by "people" I don't just mean native-born people. I keep meeting immigrants--the incredibly ambitious (and so far quite successful) Vietnamese guy who owns my nail salon, the Mexican guy who sold me my new cell phone--who left Southern California for Dallas because it's easier to live and do business in Texas.