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OP, Cali is ranked 43rd for fiscal condition, what gives?! By the way, the state itself is beautiful and awesome. The people that run it are ugly and corrupt, it's so obvious their intention is to throw tax payers (citizens and legal residents) under the bus to stay in power.
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On the basis of its fiscal solvency in five separate categories, California ranks 43rd among the US states for its fiscal health. California’s performance across several categories is weak. The state has between 75 percent and 154 percent of the cash needed to cover short-term obligations; this is far lower than the average in the states. California’s budgetary solvency is much stronger. Revenues exceed spending by 6 percent, and net position improved by $403 per capita. On a long-run basis, California’s net asset ratio of −0.62 indicates the state is reliant on debt to finance its operations. Long-term liabilities are 93 percent of total assets. On a guaranteed-to-be-paid basis, unfunded pension obligations and OPEB are 48 percent of state personal income.
Exactly.. The rest of the state contains 1/3rd the nations welfare recipients.. The OP wants to know why we dont do the same...
The haves, have and the have nots, never will.. and the left thinks thats fabulous while they stand there whining about income inequality and wealth distribution.
its weird
Can you please source the statement that 1/3 of the nations welfare recipients live in California.
For openers, the top ten cities with the highest poverty rates, are led by Democrats:
Detroit, MI (1st on the poverty rate list) hasn’t elected a Republican mayor since 1961;
Buffalo, NY (2nd) hasn’t elected one since 1954;
Cincinnati, OH (3rd)… since 1984;
Cleveland, OH (4th)… since 1989;
Miami, FL (5th) has never had a Republican Mayor;
St. Louis, MO (6th)…. since 1949;
El Paso, TX (7th) has never had a Republican Mayor;
Milwaukee, WI (8th)… since 1908;
Philadelphia, PA (9th)… since 1952;
Newark, NJ (10th)… since 1907.
California owns three of the five Biggest Municipal Bankruptcies In U.S. History. ...
Detroit, Michigan (2013) ...
Jefferson County, Alabama (2011) ...
Orange County, California (1994) ...
Stockton, California (2012) ...
San Bernardino County, California (2012)
Similarly, Democrat lead states (including California) have among the highest debt, tax, poverty and COL rates. I'm not knocking California, but, question whether state and local management by liberal Democrats should be emulated by other (more fortunate) cities and states.
You can add Baltimore to the list as well. They've had a Democrat mayor for 50 years and it's a blue state of course.
The chart says it all. Look at all of the red states lagging far, far behind California in economic output. Blue California must be something right. And all that whining about California not being "business friendly"? It can't be that unfriendly if business is generating almost $2.5 Tril a year in revenue.
The problem with red states is the low tax, small government mentality causes them to limit themselves. You can't attract high tech cutting edge business if your state government doesn't invest in top universities and good infrastructure. High tech is not coming to your state if your leaders are anti-science. If red states are smart they would become blue and be more like California. Economic success will follow.
Such a simpleton.
California is also blessed with some of the best weather in the country, a huge coastline, and is the home
to a few of the biggest companies on earth, which drive the entire economy.
Are you saying the chart I posted at the top is a lie? Go to indeed.com: over 300,000 job openings posted there right now.
Massive gas taxes? 12 cents is massive? That was done just to keep up with inflation. I've seen the list of projects that will get built using this tax money -- I'll gladly pay a couple of bucks per fillup to see them get built.
Keep up with inflation?
The _increase_ is just 12 cents. That will push California up to $0.52 per gallon, highest in the country and more than double the rate in the bottom 25 states.
Call this out for what it really is, a regressive tax on the poor (especially with the spread of electrics and hybrids among the wealthy) to subsidize sprawl to keep the poor people away from the wealthy in California. (Though, ironically, it is now the poor being pushed farther out from the cities, meaning they take an even bigger hit from this tax.)
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
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Quote:
Originally Posted by marigolds6
Keep up with inflation?
The _increase_ is just 12 cents. That will push California up to $0.52 per gallon, highest in the country and more than double the rate in the bottom 25 states.
Call this out for what it really is, a regressive tax on the poor (especially with the spread of electrics and hybrids among the wealthy) to subsidize sprawl to keep the poor people away from the wealthy in California. (Though, ironically, it is now the poor being pushed farther out from the cities, meaning they take an even bigger hit from this tax.)
Fuel taxes are what pay for road construction and maintenance, and they are way too low now, since vehicles on average get 3 times the fuel economy now than they did in 1974
even if the GDP facts meant what you want them to (they don't) you're still missing the cultural aspect. Southern California is all but gone. It's a collection of Mexicans and Asians with a few wealthy whites hanging around. Why would anyone want to live like that? If I wanted to be surrounded by Mexicans I'd move to Mexico City.
Fuel taxes are what pay for road construction and maintenance, and they are way too low now, since vehicles on average get 3 times the fuel economy now than they did in 1974
Can you quantify what was the tax revenue from 1974 and now? I would like to tell you that the government is highly inefficient, our tax money goes to pay for pay benefits that do not match private industry, our government pays for programs that do benefit tax payers in anyway.
California’s economy is based on addiction to social media.
That’s fine, any business based on addiction is an excellent business. CA should continue to do very well.
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