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California, with its high taxes, high wages and tough regulations, has the No. 1 economy in the U.S., while two states in Trumpland (Texas and Kansas) with low taxes, low wages and few regulations are struggling.
Thats what I was thinking. And Zurich, Switzerland. He might as well just have a signature that says "Hey everyone I'm riiiich!!". A drive through a CA tent city in that Bentley would be a wakeup. Might be so in shock of the poverty in some CA places that he drops his monocle and spills his fine French merlot.
And of course CA has the largest economy of any state. It has by far the largest population.
This is the most idiotic thread I have ever seen, and that is saying a lot.
California has the best weather in the world, the best harbor in the world, some of the best tourism due to natural beauty, some of the best farmland in the world, and a huge head start with Hollywood and the tech industries from the days before socialists turned this into an unlivable heallhole for all of use who don't make $350,000 and year.
Texas is s desert, it is booming ONLY because of good policies. And unlike Cali, it is livable.
I live in Cali and as soon as it is feasible in my life, I am heading for Texas.
The article fails to dig deeper into where that GDP comes from. In a nutshell, it's taxes on the wealthy which is in turn is tied pretty much to the stock market. The article talks about real estate and start ups being a factor...you know those real stable markets that never go bust.
California's problem is that when the stock market is good and the economy improves they go on a spending spree. Then when the economy tanks, they end up with even more liabilities they can't afford. It's the equivalent of having a high but unstable income, but only planning your budget based on your highest earnings. Texas on the other hand was relatively stable and even grew during the recession. Texas' economy is diversified dispite what the article assumes, considering oil prices are the lowest in decades and it's barely making a dent in the Texas economy.
Then of course there's the mass exodus of Californians to Texas, so perhaps not all Californians have read the article.
This is the most idiotic thread I have ever seen, and that is saying a lot.
California has the best weather in the world, the best harbor in the world, some of the best tourism due to natural beauty, some of the best farmland in the world, and a huge head start with Hollywood and the tech industries from the days before socialists turned this into an unlivable heallhole for all of use who don't make $350,000 and year.
Texas is s desert, it is booming ONLY because of good policies. And unlike Cali, it is livable.
I live in Cali and as soon as it is feasible in my life, I am heading for Texas.
But hey, believe as you like.
They are also a key distribution point for shipping over seas as well.
Most people think CA is some power house due to policy, but it really is as you say, just many fortunate things help boost it and when you account for such, you find CA isn't doing that well. The fact that having such powerful advantages and yet the state still has faced bankruptcy shows you how mismanaged it really is. You have to be a pretty poor manager to cause the economic power of that state to falter. If anything, CA should be a glowing beacon of how NOT to run a state.
It is sad really, I grew up there and it is really a beautiful place to live anywhere in the state (especially far north in the mountains and coast), but its policies have destroyed its major cities and that poor policy has bled out into the smaller towns as well leaving them devastated by taxes, regulations, overpriced housing and numerous draconian polices that disregard the liberty of the individual.
By the way, if you want to avoid CA politics when you come to Texas, do your homework on some of the cities, some are min-CA type hell holes and we have had a ton of NY and CA people move in who are progressives escaping their previous states only to look at repeating their same failed policies here.
They are also a key distribution point for shipping over seas as well.
Most people think CA is some power house due to policy, but it really is as you say, just many fortunate things help boost it and when you account for such, you find CA isn't doing that well. The fact that having such powerful advantages and yet the state still has faced bankruptcy shows you how mismanaged it really is. You have to be a pretty poor manager to cause the economic power of that state to falter. If anything, CA should be a glowing beacon of how NOT to run a state.
It is sad really, I grew up there and it is really a beautiful place to live anywhere in the state (especially far north in the mountains and coast), but its policies have destroyed its major cities and that poor policy has bled out into the smaller towns as well leaving them devastated by taxes, regulations, overpriced housing and numerous draconian polices that disregard the liberty of the individual.
By the way, if you want to avoid CA politics when you come to Texas, do your homework on some of the cities, some are min-CA type hell holes and we have had a ton of NY and CA people move in who are progressives escaping their previous states only to look at repeating their same failed policies here.
Be specific. WHICH regulation and which tax has DEVASTATED California to the point that it is much richer than oil rich Texas? Just curious.
Piedmont demographics ...74% white, 18% Asian, 1.3% African American, 3.9% Latino. By celebrating diversity I suppose that means just Asians and whites.
Median income..$134k ..males average $100k vs $58K for females...talk about income inequality.
Sounds like a nice bubble in a state with the highest poverty rate in the nation. No wonder he's so oblivious to the rest of the country....or even his own state.
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