Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Impressive. Illinois on the verge of $1T PA on the verge on $900M.
And California population is less than half of Germany's and near identical GDP, so much economic power in the US.
Thats what people don't realize when they think everything is better in Europe. While their governments do provide more services, their salaries, purchasing power, and economic dynamism are far behind the US, especially our urban areas.
This mentality right here is why our country is 30 trillion in debt. Debt is a huge problem that continues to weaken the value of the US dollar and jepardize the future prosperity of this country.
Yes I agree there is rampant homeless and poverty issues. But neither of those problems are directly linked to the nation's GDP. Mental health, drug abuse, and other social issues are to blame.
This is a new era. The debt isn't an issue when:
1) We it owe it our own Central Bank
2) The government gets it's operating money DIRECTLY from the central Bank, not taxes
3) the value of the dollar is based on working class Americans keeping said dollar in high demand. It's FIAT currency, so it's only worth what we're willing to participate with. Working class Americans decimation will be the decimation of the dollar. GDP is used to coverup the economies faults at the human scale.
This mentality right here is why our country is 30 trillion in debt. Debt is a huge problem that continues to weaken the value of the US dollar and jepardize the future prosperity of this country.
Yes I agree there is rampant homeless and poverty issues. But neither of those problems are directly linked to the nation's GDP. Mental health, drug abuse, and other social issues are to blame.
Debt and deficit literally mean nothing. It's used every election year by Republicans and conservative democrats.
I never said they were directly linked but just because an area has a high gdp, doesn't mean anything for the poor people in that area. What's the point of boasting about the profits of millionaires when there's thousands of people laying in the street?
Debt and deficit literally mean nothing. It's used every election year by Republicans and conservative democrats.
I never said they were directly linked but just because an area has a high gdp, doesn't mean anything for the poor people in that area. What's the point of boasting about the profits of millionaires when there's thousands of people laying in the street?
Lol what do you mean debt and deficit mean nothing?
You do know our federal government spends over $300 billion per year just on interest payments to service this debt, and its increasing every year. Basically money going into nothing.
If you count DC as a "state" that's #1 (by miles) at $228659.48. Alas, it's an outliers as most people that generate those GDP doesn't even live in DC itself, but rather in VA or MD.
Using July 2021 population (The latest I can find), NYS is #1 at $97287.57 and MA is #2 at $96466.10. Those two are definitely head-to-head, though, and they could easily flip depending on the population data that's used.
After that it's CA and WA, essentially tied at $90955.27 and $90857.34, respectively.
Mississippi, not surprisingly, is dead last at $44779.98, way below WV ($52344.41), AL ($51908.41), and AR ($50799.91).
2) The government gets it's operating money DIRECTLY from the central Bank, not taxes
3) the value of the dollar is based on working class Americans keeping said dollar in high demand. It's FIAT currency, so it's only worth what we're willing to participate with. Working class Americans decimation will be the decimation of the dollar. GDP is used to coverup the economies faults at the human scale.
The problem is when we need more money, we borrow it from ourselves and print more. In doing that, the value of each individual dollar is weakened. Have you checked the price of inflation recently? This is not a red verse blue issue, this is a broken component of the federal government. It should be law to balance a budget. It's basic economics that many people choose to ignore.
I basically took the GDP number provided by the OP and divide that by the July 2021 state population, nothing fancy. Again, the number can changed slightly just from the population change between July 2021 and Q1 2022.
Quote:
Originally Posted by annie_himself
Debt and deficit literally mean nothing. It's used every election year by Republicans and conservative democrats.
I never said they were directly linked but just because an area has a high gdp, doesn't mean anything for the poor people in that area. What's the point of boasting about the profits of millionaires when there's thousands of people laying in the street?
It's also why there are separate metrics like GDP per capita at Purchasing Power Parity (PPP) which usually provides a better picture as to how rich/poor a place is. And GDP is often just a single metric anyway - to really see how "rich/poor" a place is there are also metrics like median income, Gini index, etc.
If you count DC as a "state" that's #1 (by miles) at $228659.48. Alas, it's an outliers as most people that generate those GDP doesn't even live in DC itself, but rather in VA or MD.
Using July 2021 population (The latest I can find), NYS is #1 at $97287.57 and MA is #2 at $96466.10. Those two are definitely head-to-head, though, and they could easily flip depending on the population data that's used.
After that it's CA and WA, essentially tied at $90955.27 and $90857.34, respectively.
Mississippi, not surprisingly, is dead last at $44779.98, way below WV ($52344.41), AL ($51908.41), and AR ($50799.91).
And yet Mississippi's GDP is 36th.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
