Posted on 04/28/2025 2:58:31 AM PDT by delta7
Basically, it’s like Russia. Russia’s GDP is pretty large, because it’s a large and populous country. However, the wealth is only in the hands of a few and the economy is pretty hollowed out in reality. Big numbers do not mean well-living for the majority of the population.
Now that the feds are not going to fund the expensive hobby of care and pampering illegals, what will that do to California’s economy? Will increasing state and local debt still count as a raise?
They wouldn’t be if the rest of the Nation stopped subsidizing their waste and they had to pay for it themselves.
The fact California still has hundreds of thousands people leaving the state, their outlook is dismal.
A relative of mine lives in Arizona, he states his gated community is flooded with Californians, good for home sales, but little else
And first largest cesspool
And yet Japan is a lot cleaner than California.
Exactly. Who funded that hi speed rail fiasco.
The money quote.
California also hosts the largest deficit of all US states. It relies heavily on Washington for financial support. If California were to secede, it would not be a utopia. It would be a fragmented region with massive capital flight, internal divisions (North vs. South California). Not to mention, the state does not have a military or currency of its own. Still, California’s strengthening economy and desire to separate itself from Washington will result in louder chants for succession and independence.
The rest of the country is subsidizing all their costs and overhead. Healthcare, Social Security, Welfare, Highway infrastructure, Etc.
Quite.
And for that they have only themselves to blame.
Good for Japan.
GDP. Hmm.
Two Harvard economists are walking down the sidewalk and come upon a pile of dog crap. One says “Hey, I’ll give you $100 if you eat that”. Other says “I don’t know, but $100 is $100”; and he eats it, and staggers on.
They keep going and come upon another big steaming pile. The queasy economist tells his partner “Hey I’ll give you $100 if you eat that!” “Well I could use $100”, and he chows down.
They keep going, about to vomit. “I don’t feel so good; we both ate dog crap and neither of us made any gains.”
“Well look on the positive economic numbers; we addded $200 to California’s GDP.”
So they need a bailout?
Re: California and pie in the sky “Green energy” subsidies.
This is instructive.
https://x.com/RobertMSterling/status/1916661854149001614
Great, they should break off and form their own country, leave the rest of us alone.
Not true based on purchasing power index. Big Mac sells for $6 in CA and adds $6 to economic GDP. Same burger sells for $2 in Vietnam and adds $2 to it’s GDP. A new house in CA costs much more than same size house in Arkansas.
That is why dollar based comparisons are fake news.
“The International Monetary Fund BELIEVES California’s nominal GDP is $4.1 trillion, surpassing Japan’s $4.01 trillion.”
SEE THAT? Pure propaganda.
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