Posted on 11/11/2017 6:20:25 AM PST by artichokegrower
California likes to boast that its booming economy is the sixth largest in the world – as calculated by its own state government. In contrast, rust belt states like Michigan and Ohio are seen as pathetic economic has-beens by the self-congratulating liberal elite.
Not so fast, says Carson Bruno in Real Clear Markets. Adjust for cost of living, which is 36% higher than the national average, and California comes out behind Mexico:
(Excerpt) Read more at americanthinker.com ...
I guess my concerns are related to the 14 million Californians on Med-Cal and the $1 trillion unfunded public employee pension and retirement benefits bill coming due
Add to that the 4 million illegals and total abolition of the Rule of Law.
Lots and lots of trouble.
But economic basket case? Not even close.
Fiscal basket case? Emerging.
We are lucky to live in the richest and most beautiful land in the world. Too bad the commies and 3rd worlders are raping it.
Still, I was born here and I’ll stay and fight until the day they bury me.
Kali-Fornia is a dead state walking!
If you live there, LEAVE!
The Governator was perhaps the last chance to put the State on the right course, and he blew it Big Time. The Leftists are in every aspect of State life now and almost, note - almost, impossible to control. All I see from the GOP is a series of requests for money but no action. We’re Doomed with the present lot!!!!!!
I have friends and family still behind the iron curtain of Kalifornistanico. I try to tell them to get out if they don’t actually need to be there for work but they rarely listen and even then; begrudgingly.
What to do? What to do?
California Indian name for runny bull s**t.
Yeah, it’s great that high-tax states’ subsidy has been exposed.
Counting their fed tax subsidy turns the “taker state/payer state” comparisons upside down.
It’s an indefensible public policy.
The complete opposite of what they claim they value, equality and social justice.
This is what happens when you’re only generous with somebody else’s money. High taxes, low efficiency, and corruption, leading to a greater separation between rich and poor.
Why, I wonder what happened?!
Funny....my family is selling a rental house in San Jose, too. Bought in 1967 For about $26,000. It will probably fetch half a million, now.
You couldn't pay me to live there for free.
they have so inflated their cost of living in California, a couple of no nothings can “invest” in a tiny little home and sell in a few yrs then move to a nice non Cali state where they can buy a big property...
hope they don't destroy that as well...the wineries..the garlic and olive groves...etc..
Well, we’re not “no nothings” (I think you really mean know nothings , not no nothings), but I turned down a “promotion” years ago to move to Texas to run a manufacturing plant there. Apart from feeling that Texas was not as nice a place to live weather wise than coastal California, from our perspective, plus our home in California, at that time, was worth 3X what the nicest home in the town in Texas would go for. We came to the realization that leaving California (Ronald Reagan was governor at the time, so it wasn’t the state that it’s become thanks to the RAT and the RINOs) was a one-way ticket. There would be no way to return, because real estate in Texas was not appreciating, and so our equity in Texas would not have allowed us to come back to CA when my tour of duty was over. There may be a lot of things to recommend Texas, but it isn’t as nice a place to live as California no matter how you slice it.
I shudder to think where we would be today financially had we made that move. We have two homes here. The aggregate initial cost 35 and 25 years ago respectively was about $650,000. Today (actually last year), those properties were bank appraised for $3.7 million, they are 90% paid for, and we have property taxes based on their purchase prices. We could not have done that in Texas. Not too bad for a couple of “no nothings!”
“We are lucky to live in the richest and most beautiful land in the world. Too bad the commies and 3rd worlders are raping it.”
Spot on! But as the RATs here run headlong for more of “other people’s money” their string is running out. They have created a government that is on the verge of collapse, and they are quickly finding out that the golden goose is getting tired of footing the bill.
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