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.
As much as Democrats whine about income inequality, the state that most symbolizes their economic theory is resulting in rampant income inequality. You don't need a college degree to recognize this... it's all out in the open.
California made major news this month, reclaiming a valuable economic marker and surpassing Britain as the fifth largest economy in the world. Its growth after the recession has accelerated under President Trump and even turned a modest surplus. However, the Golden State remains one of the most unequal in the nation. It has both billions of dollars in Silicon Valley and rampant homelessness. Its efforts to eliminate poverty instead accentuates it, and its tax system inadvertently aids those who are already wealthy. With the middle class leaving in droves, California society represents a modern day feudal system of robber barons and the poor. It is an unsustainable mixture.
... After factoring for costs of living, California is the poorest state in the union. An average of 14 percent of Americans live below the poverty line by census measures. Compare that with the 19 percent of Californians who live below the poverty line and the situation is clear.
End of the article...
In many ways, California has long been an example for the rest of the nation. But the middle class conservatism that propelled national figures like Richard Nixon and Ronald Reagan is gone. It has been replaced with virtue signaling and policies by the wealthy that hurt struggling families. Both sides of the coin, from technology executives to families unable to pay rent, vote for Democrats that only make the problem worse.
The robber barons and artificially high real estate values in California brought its economy back to the fifth largest in the world. However, for the average person, Sacramento represents systemic political failure.
If you want to understand how income inequality occurs, read everything from the linked article in between what I posted above.
See the first eight words of my OP. I don't whine about it.
1- I understand that there will always be some poor and some rich - to that point, you will never eliminate all income inequality.
2- Extreme instances of anything is not good. Income inequality is extreme in California, and it will get to be unsustainable if they keep down their current path.
Quote:
Originally Posted by msgsing
You seem obsessed about California. So Texas has absolutely no problems?
Obsessed... the last time I started a thread about CA is... ?
There are people starting daily threads about Trump. Start there with your obsession claims.
As much as Democrats whine about income inequality, the state that most symbolizes their economic theory is resulting in rampant income inequality. You don't need a college degree to recognize this... it's all out in the open.
California made major news this month, reclaiming a valuable economic marker and surpassing Britain as the fifth largest economy in the world. Its growth after the recession has accelerated under President Trump and even turned a modest surplus. However, the Golden State remains one of the most unequal in the nation. It has both billions of dollars in Silicon Valley and rampant homelessness. Its efforts to eliminate poverty instead accentuates it, and its tax system inadvertently aids those who are already wealthy. With the middle class leaving in droves, California society represents a modern day feudal system of robber barons and the poor. It is an unsustainable mixture.
... After factoring for costs of living, California is the poorest state in the union. An average of 14 percent of Americans live below the poverty line by census measures. Compare that with the 19 percent of Californians who live below the poverty line and the situation is clear.
End of the article...
In many ways, California has long been an example for the rest of the nation. But the middle class conservatism that propelled national figures like Richard Nixon and Ronald Reagan is gone. It has been replaced with virtue signaling and policies by the wealthy that hurt struggling families. Both sides of the coin, from technology executives to families unable to pay rent, vote for Democrats that only make the problem worse.
The robber barons and artificially high real estate values in California brought its economy back to the fifth largest in the world. However, for the average person, Sacramento represents systemic political failure.
If you want to understand how income inequality occurs, read everything from the linked article in between what I posted above.
People on the Left don't care, their NPC code base hasn't been patched to include self awareness of their own hypocrisy.
2- Extreme instances of anything is not good. Income inequality is extreme in California, and it will get to be unsustainable if they keep down their current path.
if/when Newsome wins for governor I wouldn't be surprised if there's a mass exodus of middle class to other states next year. It might be the final nail in the coffin for CA.
if/when Newsome wins for governor I wouldn't be surprised if there's a mass exodus of middle class to other states next year. It might be the final nail in the coffin for CA.
As much as Democrats whine about income inequality, the state that most symbolizes their economic theory is resulting in rampant income inequality. You don't need a college degree to recognize this... it's all out in the open.
California made major news this month, reclaiming a valuable economic marker and surpassing Britain as the fifth largest economy in the world. Its growth after the recession has accelerated under President Trump and even turned a modest surplus. However, the Golden State remains one of the most unequal in the nation. It has both billions of dollars in Silicon Valley and rampant homelessness. Its efforts to eliminate poverty instead accentuates it, and its tax system inadvertently aids those who are already wealthy. With the middle class leaving in droves, California society represents a modern day feudal system of robber barons and the poor. It is an unsustainable mixture.
... After factoring for costs of living, California is the poorest state in the union. An average of 14 percent of Americans live below the poverty line by census measures. Compare that with the 19 percent of Californians who live below the poverty line and the situation is clear.
End of the article...
In many ways, California has long been an example for the rest of the nation. But the middle class conservatism that propelled national figures like Richard Nixon and Ronald Reagan is gone. It has been replaced with virtue signaling and policies by the wealthy that hurt struggling families. Both sides of the coin, from technology executives to families unable to pay rent, vote for Democrats that only make the problem worse.
The robber barons and artificially high real estate values in California brought its economy back to the fifth largest in the world. However, for the average person, Sacramento represents systemic political failure.
If you want to understand how income inequality occurs, read everything from the linked article in between what I posted above.
I`m a Democrat that doesn`t whine about income equality but I`ll whine when I have to provide food stamps to people that are working 40 hour a week or more.
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.
