California Losing the Dream

Interesting article about California.  Full of stats that Toxic kevin won't believe.

In summary, California has one of the highest poverty rates in the country, it's energy policy is driving out manufacturing & the education emphasis on equity has created an illiterate student body.

 https://www.realclearinvestigations.com/articles/2022/04/13/californias_vanished_dream_by_the_numbers_826300.html

      California, the land of fruits and nuts, is the blueprint of how to destroy a state by electing liberal DemocRats. New York, also governed by liberal DemocRats is a clone of California. You get what you vote for - the brain dead Biden administration is the classic example.

KsYep. And Illinois is in lockstep

NY, Illinois and California's economics are unsustainable.

I always get a huge laugh at how conservitards in dead-red shithole states twist themselves into knots trying to show how California isn't as terrific as it's cracked up to be.

Of course, it's just envy. They wish they lived in a place with great climate, incredible natural beauty, and an economic engine that makes the Trumper territories look like Third World nations.

Why would California be the world's sixth largest economy if it were an independent nation? Must be all those SOOOOOCIALIST liberals.

This post has absolutely no basis in  fact.   My first clue was Tom posted it.   My second clue was his source "realclearinvestigations.com"

Hmmm, lets see.    

#1 BS claim ) "California has one of the highest poverty rates in the country."  Not even close.

States listed in order of highest poverty rates    There's a total of 2 blue states in the top 15   (neither is California)

#2 BS Claim)  "California energy policy driving out manufacturing"    Does anyone here know how to read a graph?

#3 BS Claim) "California illiterate student body.

States listed by most educated populations    The bottom 15 look similar to the list in #1.   

Bonus Fun Fact - California is projected to have a 60 billion dollar surplus this year.   

Bonus personal opinion:   California has its share of problem and some of them are due to their one party governance and over regulation.   But they've got more right than wrong over the years which is why their economy is bigger than most industrialized nations.

Since some people can't or can't be bothered reading here are some highlights.  Is PJ going to move to Ca?

Among big metro areas, the L.A. area had the highest poverty rate in the nation, tying Phoenix, Miami, and the Inland Empire. But that’s based upon a national poverty line of $23,550 for a family of four; When you take into account how much it really costs to live here, L.A. fares even worse.

state suffers the highest cost-adjusted poverty rate in the U.S. The poor and near-poor constitute over one third – well over 10 million – of the state’s residents according to the Public Policy Institute of California. Los Angeles, by far the state’s largest metropolitan area, and once a magnet for middle class aspirations, has one of the highest poverty rates among major U.S. cities. A United Way of California analysis shows that over 30 percent of residents lack sufficient income to cover basic living costs even after accounting for public-assistance programs; this includes half of Latino and 40 percent of black residents. Some two-thirds of noncitizen Latinos live at or below the poverty line.

Beyond massive homeless camps, crime has become so bad that the LAPD has warned tourists it can no longer protect them. San Francisco, meanwhile, suffers the highest property crime rate in the country. Businesses like Walgreens have shut down numerous Bay Area locations due to “rampant burglaries

By the Gini index, a measure of the distribution of income across a population, California has the third-highest inequality behind New York and Louisiana, and has experienced the fifth largest expansion of inequality since 2010, according to American Community Survey data.

The state’s climate change policies, however well-intentioned, have had a particularly devastating impact on manufacturing. California’s “renewable energy” push has generated high energy prices and the nation’s least-reliable power grid, crippling an industry reliant on fossil fuels and a stable electric supply. The state fell to 44th in the country in manufacturing sector employment growth last year; its industrial new job creation has lagged competitors such as Nevada, Kentucky, Michigan and Florida

Since 1998, California has ranked, on average, 46th in 8th-grade reading and mathematics subject-area performance on the National Assessment for Educational Progress (NAEP), the only comparable assessment between states nationwide.

Today, almost three of five California high schoolers are not prepared for either college or a career; the percentages are far higher for Latinos, African Americans, and the economically disadvantaged. Among the 50 states, California ranked 49th in the performance of poor, largely minority, students. San Francisco, the epicenter of California’s woke culture, and site of the recent recall of several far-left school board members, suffers the worst scores for African Americans of any county in the state. These students are often unprepared for college. At California State University – where ethnic studies programs are now mandated – the need for remedial courses or 40 percent of freshmen demonstrates a low level of preparedness in such basic skills as reading comprehension, writing and mathematics

Tech titans, once focused on improving schools, now seem less engaged. This may make sense given the extent to which tech relies on global talent rather than recruiting locally. In 2018, three-quarters of the tech workforce in the Bay Area was foreign-born, a majority on short-term non-immigrant visas.

If California has a $60b surplus ($27b from biden bucks) it is because they are overtaxing their people & perhaps they should lower their taxes

I think we can conclude that things like Tommie-poo won't be moving to California, which is beneficial for both California and things like Tommie-poo. What I don't understand is why Tommie-poo is whining about California. They don't want him anyway---his radical conservitard views wouldn't be welcome. And it's far too nice of a place for Tommie-poo to want to live there.

Tommie-poo's "source" is an alt-right internet rag BTW. That's why all his stats are complete bullshit.

California is economically unsustainable.  I recall Kevin arguiging that borring money is esentially free.  I pointed out that devt is essentially free until it's not.  I pointed out that every tax family in America is responsible to $6000 per year on the debt payments that Kevin argues are free.

There is no such thing as a free lunch.

What you recall, Boiler, is only in your own head, not part of reality. What I recall saying is that if the cost of borrowing is lower than inflation, then that borrowing is either essentially free or actually makes money.

Allow me to illustrate, a la your fave "Economics 101." Stipulate an annual inflation rate of 7%. A state, municipality, etc. issues bonds with a redemption rate of 4% annually. That means that it will be paying back those bonds at a rate of $93 (equivalent) + 4% (interest) per $100 borrowed. Actual profit!

And as I've had to point out to you many times in the past, we owe the vast majority of the national debt to ourselves. It includes future obligations such as Social Security.

Your "economically unsustainable" statement about one of the most robust economies in the world is laughable.