Posted on 03/10/2017 10:38:15 PM PST by 198ml
California has had its share of calamities in recent years: Drought, followed by massively heavy rains. Multiple secession movements. A sharp demographic and economic split between the wealthy coastal elites and rural inland dwellers. Soaring pension liabilities. The departure of thousands of the state's businesses.
But none of these have been as disastrous as California's self-inflicted fiscal wounds, which have made the state's finances not only highly volatile but threaten the state's very future as a center of innovation and technology.
(Excerpt) Read more at investors.com ...
When you have a small town, and ten cops on the payroll...but that payroll is almost $2 million for those ten folks...there’s something wrong.
Multiple secession movements? I live right in the underarm of California, and I don’t see any yard signs, bumper stickers or billboards of California trying to secede. I see a lot of State of Jefferson signs, of people trying to get a new state out of California, but that isn’t secession.
Is El Dorado one of those counties? Nevada County?
There never was a boom in California.
If they’re talking about this, it means that it’s the lies can no longer mask what’s going on in California.
There was a boom during the 50’s and 60’s under Moonbeam’s father building infrastructure as the article said and a lot of middle class style houses were built during that time. The article states he spent 20% on building whereas Moony only spends 3% which ain’t cuttin’ it.
One third of all welfare money in the nation goes to California. That’s a huge problem. The article also stated 144,000 well to do people in the state of 40 million people pay half the taxes. That’s also unacceptable. As it also says; CA and IL are both extremely vulnerable to another recession and would get hit the hardest of all states.
This all means CA is putting up this big facade about how great it’s doing but in reality it looks more like Mexico with only 2 classes; the very rich and the poor. The middle class is fading to black very soon. I think it’s mostly retirees who make $5k or more a month and pay a lot in property and other taxes holding the state up. As they die off and that income base disappears the 3rd leg of the tripod state will cause a slow motion state wide recession which will have ripple through the rest of the world economy just because CA IS the worlds 6th largest economy. It’s a huge nightmare just waiting to happen.
It’s liberal leftist utopia mindset is what will eventually ruin CA. If I lived there I would be doing research and applying for work in other states just to get out of there. When it crashes next time it will be a really bad one that won’t bounce back in 10 years like it did this time. Of course we don’t want to see any liberals leave CA; only conservatives and other right leaning folks. Too many states have already been Kalifornicated.
it’s time for CALexit 2018
I think that those pushing Calexit would disagree with you.
According to their website (http://www.yescalifornia.org/), California is the 6th largest economy in the world. Is it? I think it was 30 years ago, but I do not think that is true any more.
That website claims that California is subsidizing the rest of the US. Well, I guess if you don’t count little things like the massive welfare pouring into the state, sure.
That website lists quite a few problems, along with some seriously unrealistic utopian blathering. The problems (poor education, crumbling infrastructure) are self-inflicted. The authors of the site feel that the military is unneeded, and that if CA would secede, no one would have a reason to attack them. Yet CA is prime real estate; do they really think that Mexico wouldn’t move immediately to try to reclaim that property? Especially with illegal aliens setting up shanties, presumably all over the state (I saw them in the Bay Area)?
In a way, I would like to see a Calexit, just to see the state succumb to the lies of socialism that much faster. But that would cause problems for the US down the road. Would the US really want to have to go back in and fix CA after unopposed socialism ruins it? Would the US be willing to go to war with Mexico to protect an independent CA?
I’d love to see CA broken into two or three states rather than secede. That would dilute its disproportionate effect on national elections. In addition, I could move back to a conservative area and not have to worry about the kook areas of San Francisco and LA. I left CA for the second time 13 years ago...I love the state that I grew up in, but not what it has become.
California is to the USA
As
Greece is to the EU.
A blood sucking leech
TIME TO END ONE PARTY RULE IN CALIFORNIA!!! REVIVE THE GOP IN CALIFORNIA! The Communist Democrats and their Teacher’s Union Thugs, the Serra Club and BLM Radicals have bled the golden state dry! MUST END THIS! RISE UP YE CITIZENS! RISE UP AND TAKE BACK THE GOLDEN STATE! Never give up the fight for freedom.
The next recession - if its a decent size one - will likely cause CA to file for bankruptcy.
“I see a lot of State of Jefferson signs, of people trying to get a new state out of California, but that isn’t secession.”
I have little doubt that if CA did indeed attempt secession, the counties comprising the State of Jefferson would break clean of the rest of the state.
——In 2014, just 144,000 wealthy individuals out of nearly 40 million Californians paid half of all the taxes.——
So, if say 10 of the 144,000 leave, it’s all over for California
I heard or read somewhere that 20,000 wealthy people in the city of New York pay most of the taxes in either New York state or New York city (sorry for the ambiguity). Similar situation, and sort of surprising. It would serve both states right if those people moved somewhere that they weren't taxed to death.
“California is to the USA
As
Greece is to the EU.
A blood sucking leech”
Well, you should have done some research before opening your yap!
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/
California is many undesirable things, but it isn’t a leech. California is net looser in that it pays into the Federal Treasury less than it gets back in benefits. Maybe you live in Mississippi? This kind of manifestly stupid statement just shows everyone you engage your mouth before you put your brain into gear.
“The next recession - if its a decent size one - will likely cause CA to file for bankruptcy.
As a life-long Californian, I can’t wait for it to collapse financially, because that’s the only mechanism whereby we get get the RATs out and start the process of returning this once first in the nation state, to it’s former position. And I hope it hurts the hell out of our public employees who have been ripping us off for too many years.
I assume this is accurate:
I’m not sure how much of CA’s GDP is gov’t spending, but I’m sure the data is out there. I know a big portion of the State budget is Federally funded. Roughly 1/3, IIRC (which I may not...)
“The next recession - if its a decent size one - will likely cause CA to file for bankruptcy.”
States are not permitted to file for Chapter 9.
L
The rise of Silicon Valley created a huge economic boom in California. An entire industry was created from whole cloth spanning everthing from financial software to video games. It was the wild west financially. Sadly it ended with the .dot.bomb bubble collapse of the NASDAQ in 2002, but the 20-year boom leading up to that bubble was very real.
As much as I hate commie Kalifornia politics and influence, you could not be more wrong to call California a blood-sucking leech on the USA. The People’s Democratic Republic of Kalifornia is in fact one of a handful of donor states that pays more in taxes to the Fed Gov than it receives back from the Fed Gov. California is actually subsidizing other states including many rural conservative states.
I still hate California and want the 8.0 earthquake to wash it into the sea, but no it is not a leach on the USA. Not even close.
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