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I'm a middle to the right of the road individual. And I really don't understand why California is prospering. Especially with all the left's imposed taxes and regulations. I just don't get it. Though I must admit I have to give credit where credit is due.
Congratulations California!!!
Obviously, taxes and regulations DON'T necessarily stifle an economy!
California has a lot of natural advantages, including two good-sized sea ports. It has a social culture that encourages experimentation - i.e., trying stuff that hasn't been done before.
The bold is corect IMO. Too often the right wants to make it seem like taxes and regulation are the ONLY ways to have a prosperous economy but there are many liberal areas that blow that out of the water. Taxes, especially IMO do not stifle economic growth. Regulations can but CA IMO really doesn't have all that many outrageous regulations like the right wants to act like it does.
On this
Quote:
Originally Posted by InformedConsent
It may "appear" as if California is prospering if you look only at the size of its economy, but it has the highest poverty rate in the country. And one of the highest unfunded public employee pension obligation liabilities.
California does NOT have the highest poverty rate by state in the country. Southeastern states are more poverty stricken and last I checked Louisiana is the state with the highest poverty rate.
Many California cities have poverty rate issues, however, so do most larger, expensive urban areas today. I lived in Atlanta for many years and it had a poverty rate of about 30%. Even with the high poverty rate, it was prospering as a metro economically.
Per the link the places below are the top 7 for poverty rates:
1 - Mississippi
2 - New Mexico
3 - Louisiana
4 - Arkansas
5 - Georgia
6 - District of Columbia (DC)
7 - Kentucky
Interesting that in regards to the list, those places, other than DC have low taxes and a low amount of regulation. So it is interesting that those areas with more regulation and higher taxes actually have less poverty.
Truth be told it isn't like any of the post-industrial economies of Europe have been doing incredibly well economically over the past few years. I would call California about average in terms of US growth and employment, sitting at 5.2% currently is really not far off from the national average (4.7%), and most recent quarterly real GDP has them at 0.6% vs the overall 0.8% for the US economy in 1Q 2016. So average, but not hurting. Still performing better than most of the world I would gamble (and being average, better than 24-25 states).
It would probably be much higher if not for the strong US dollar, which tends to limit exports. California is a highly export dependent state. Not only for goods produced in the state, but for exports moving out of its many ports. This is a larger economic drag though and not just for California.
I know this is a more statistical answer rather than the emotion fueled rages that are more popular around here, but it is true none the less.
The strong US dollar is why US state GDPs look better in the first place.
What all this is telling me is 2 of our stats are in the top 12 economies, ahead of some very prominent countries, then those other countries are in a lot more trouble than us.
It also tells us that America is a very rich country which can afford a national health care system, two weeks of paid vacation for all workers and tuition free public universities like FAR poorer countries provide. The endless talk about how America cant afford anything that benefits ordinary Americans because of debt is nonsense. Only wars, bailouts and corporate welfare can be afforded apparently.
No matter the cost of living in Texas, North Dakota, or Tennessee you still wake up every morning in Texas, North Dakota, or Tennessee.
That's why.
Now if you'll excuse me I'm going over to Malibu today. 5-mile hike in the mountains then a beach sunset.
I certainly misjudged you. With your talk of anarchy, I thought your were some pock-faced kid living in his parents mobile home in Oklahoma or something.
Los Angeles...the only dream I ever had in life was to live in that city. Phoenix was as close as I could afford.
California does NOT have the highest poverty rate by state in the country. Southeastern states are more poverty stricken and last I checked Louisiana is the state with the highest poverty rate.
Many California cities have poverty rate issues, however, so do most larger, expensive urban areas today. I lived in Atlanta for many years and it had a poverty rate of about 30%. Even with the high poverty rate, it was prospering as a metro economically.
I think most right wing people confuse aid with level of poverty. It is easy to say California provides the most or close to the most aid to those living in the state. They probably even have more loose requirements for aid to help a larger group of people.
That doesn't mean there are more poor people in California, that just means they provide more aid. We do that up here in Oregon as well, I am happy to help my fellow Oregonians that are in need.
Obviously, taxes and regulations DON'T necessarily stifle an economy!
California has a lot of natural advantages, including two good-sized sea ports. It has a social culture that encourages experimentation - i.e., trying stuff that hasn't been done before.
How well would California do without.......... Silicon Valley and Hollywood?
California doesn't even have their own water, the only reason the state can claim agricultural producer is from the states that give them water.
California was never meant to have as many people as it has, it is mostly desert. People keep building and the Liberals keep fixing the books.
It also tells us that America is a very rich country which can afford a national health care system, two weeks of paid vacation for all workers and tuition free public universities like FAR poorer countries provide. The endless talk about how America cant afford anything that benefits ordinary Americans because of debt is nonsense. Only wars, bailouts and corporate welfare can be afforded apparently.
That's another topic.
A state can institute a universal health care system. I say let a state do it.
Have people forgotten that in the late 90s, California was the world's fifth largest economy?
California is a lot like Hillary, the state depends on outsiders to take care of them, rather than their own people. Very unfriendly to small business people. Tends to be a nanny state.......what is so cool about this?
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