Posted on 07/08/2018 6:48:45 AM PDT by rktman
You don’t understand how the Federal Reserve prints money and the asymmetric effects it has, particularly on states like CA
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Prolly so.
The impossible to comply with gun laws the California Supreme Court just upheld is yet another reason to leave in a very, very long and growing list.
Of course, life would be better with lower taxes and fewer regulations. The government in California is horrible and is doing everything to destroy the state.
My point is that despite all their efforts, California is still a great state. The dynamism of the state cannot be matched. There is a reason that nearly all tech companies are founded in California. The state still has the gold rush mentality. The high real estate prices are not the cause of the problem, they are the result of business success. Again, it is supply and demand. If California were actually so bad, there would be no demand (see Detroit). If California had a conservative government real estate prices would be even higher.
I just want people to consider the state separate from its wretched government.
Wow! It's amazing that you know what I understand!
How do you do it?
The misconceptions are quite common
So, I’ve spent a fair amount of time studying the impacts of running up a huge federal deficit from a macro-economic perspective, but I have not resolved those issues to the impact on individual states, or how it relates to state level fiscal policy.
Do you have some links/references for me to dig in? (As relate to the US.)
Think again. LA and Orange County have almost 14 million.
And there are no penalties for individuals, only on water districts.
I only brought it up as I used to
live in Texas. They may not have
a state tax, but they make that up
thru higher vehicle registrations,
high property taxes, Mud taxes,
highway tolls, etc. Texas is not
a bad place to live, bit for me,
there’s just too many people.
Sitting in heavily congested
freeway traffic (3 hours to
drive 50 miles) got tiresome.
The historical result of such official-encouraged anarchy is vigilante-ism!
“They” are the MILLIONS of illegal alien “voters.” The Democrats, from Moonbeam Jerry Brown on down encourage this voter fraud because it is their source of continued power.
Deporting the illegals would drive the Democrats from power in California.
Yes.
Very understandable.
I don’t like grid-locked traffic, anywhere. So thankful I don’t have to deal with that.
LA and Houston are probably some of the worst.
Where abouts are you, now?
I came slowly to an Austrian view of economics, but now my perspective is firmly in that camp
One of my favorite economics books is by a German economist, Jorg Guido Hulsmann
https://www.amazon.com/Ethics-Money-Production-LvMI-ebook/dp/B003NX6Z3W
He delves into the social consequences of fiat “money production.” The consequences of printed money, QE, zero interest rates, etc... are not symmetric. California, by dint of its productivity, past success, and natural endowments, is a greater recipient of cheap money, whether through its large population, or money showering down on tech and real estate over the past 2-3 decades. That has allowed the State to build a huge, monopolistic progressive-left governing apparatus. I’m also working on something in which I hope to demonstrate that once the underpinnings of cheap money are removed, California is in for a world of hurt on its budget, and debt.
“Cali is the RICHEST state in the nation. Big Deal. Venezuala was the RICHEST nation in South America with vast reserves of OIL!!!”
As the fifth largest economy in the world, even ahead of Britain...yes, it is a big deal.
In fact, CA went from over $292 bil in federal taxes paid in 2012, to over $405bil in federal taxes paid in 2015...and, as always surpassing every other state.
CA produces approx 14% of the nations total GDP. It leads in manufacturing, aerospace, tech, services and agriculture.
Economic growth continues unabated.
CA likely subsidizes your state and contributes to YOUR standard of living.
Don’t let your emotions make you ignorant.
Thanks much, just bought it.
I ended up at the Austrian view of economics via Milton Friedman, Thomas Sowell, John Mauldin and a few others.
I’m very interested in your project (”I’m also working on something in which I hope to demonstrate that once the underpinnings of cheap money are removed, California is in for a world of hurt on its budget, and debt.”). Please keep me posted via freepmail if appropriate.
“You don’t understand how the Federal Reserve prints money and the asymmetric effects it has, particularly on states like CA”
How is that even remotely related to your claim that CA prints money?
Anything splitting Cali into more than two entities just
blows. Jefferson rocks!
Are you from another country? No they don’t. They have less than 4 million each.
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