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California economy a measly 37th, behind Michigan and Ohio

 
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MinervaDoe
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PostPosted: Sat Nov 11, 2017 9:48 am    Post subject: California economy a measly 37th, behind Michigan and Ohio Reply with quote

California economy a measly 37th, behind Michigan and Ohio
http://www.americanthinker.com/blog/2017/11/california_economy_a_measly_37th_behind_michigan_and_ohio.html#ixzz4y8PBe3Eb

Quote:
[U]sing the cost of living adjusted data from the International Monetary Fund and adjusting California's GDP data provides a better snapshot of California's economic standing in the world. Doing so shows that California is actually the 12th largest economy a drop of 6 spots and actually puts the state below Mexico.


Quote:
A full 50% of the California economic growth miracle comes from a few dozen Silicon Valley firms think Apple, Google, Facebook. It's a banana republic of high tech.


Quote:
[A]s economic blogger Richard Rider points out, the aggregate GDP statistic is really not a good indicator of a state's economic health, especially since one industry appears to be propping up the "6thlargest economy" myth. California has over 39 million people, more than any other state, so a far more accurate assessment of its economy, Rider writes, would be per capita GDP as compared to the rest of the country. After adjusting the GDP figures to account for the cost of living (COL), the Golden State ends up with a paltry 37th place ranking within the U.S.A., with a $45,696 per capital GDP. Even rustbelt states, such as Michigan and Ohio, have a higher adjusted per capita GDP. Despite Silicon Valley's high-tech giants, California barely squeezes past impoverished New Mexico.


Quote:
California has 33% of the entire nation's welfare cases more than the next seven states combined.

[T]he producers are leaving the state and the takers are coming in. Many of the takers are illegal aliens, now estimated to number over 2.6 million. The Federation for American Immigration Reform estimates that California spends $22 billion on government services for illegal aliens, including welfare, education, Medicaid, and criminal justice system costs. ... [I]llegal aliens in California contribute only $1.21 billion in tax revenue, which means they cost California $20.6 billion, or at least $1,800 per household.

Illegal aliens improve the quality of life for the elite, who rely on them for personal and household services of all kinds. For the rest of society, not so much.

[I]n 2004, 95% of all outstanding warrants for murder in Los Angeles were for illegal aliens; in 2000, 23% of all Los Angeles County jail inmates were illegal aliens and that in 1995, 60% of Los Angeles's largest street gang, the 18th Street gang, were illegal aliens. ... [T]he Brown administration will not release any statewide data on illegal alien crimes. That would be insensitive.

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Flight From Ashiya
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PostPosted: Mon Nov 13, 2017 3:13 pm    Post subject: Re: California economy a measly 37th, behind Michigan and Oh Reply with quote

MinervaDoe wrote:
California economy a measly 37th, behind Michigan and Ohio


Quote:
A full 50% of the California economic growth miracle comes from a few dozen Silicon Valley firms think Apple, Google, Facebook. It's a banana republic of high tech.


The State that gave us : Google,Microsoft,Apple,YouTube,Facebook,Twitter etc.etc. Surely,California is the Goose that laid the Golden Egg ?.
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MinervaDoe
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PostPosted: Mon Nov 13, 2017 3:51 pm    Post subject: Re: California economy a measly 37th, behind Michigan and Oh Reply with quote

Flight From Ashiya wrote:
MinervaDoe wrote:
California economy a measly 37th, behind Michigan and Ohio


Quote:
A full 50% of the California economic growth miracle comes from a few dozen Silicon Valley firms think Apple, Google, Facebook. It's a banana republic of high tech.


The State that gave us : Google,Microsoft,Apple,YouTube,Facebook,Twitter etc.etc. Surely,California is the Goose that laid the Golden Egg ?.

Augh, but adjusted for cost of living, the only way that you can get ahead is to leave.

i.e. sell your house, make a profit and retire somewhere else. Otherwise, the inflated property tax on your inflated property values will consume all of your inflated savings from your inflated income. I'd hate to have to convert that into a spreadsheet formula.

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Flight From Ashiya
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Joined: 17 Jun 2003
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PostPosted: Fri Nov 17, 2017 7:45 pm    Post subject: Re: California economy a measly 37th, behind Michigan and Oh Reply with quote

MinervaDoe wrote:
Flight From Ashiya wrote:
MinervaDoe wrote:
California economy a measly 37th, behind Michigan and Ohio


Quote:
A full 50% of the California economic growth miracle comes from a few dozen Silicon Valley firms think Apple, Google, Facebook. It's a banana republic of high tech.


The State that gave us : Google,Microsoft,Apple,YouTube,Facebook,Twitter etc.etc. Surely,California is the Goose that laid the Golden Egg ?.

Augh, but adjusted for cost of living, the only way that you can get ahead is to leave.

i.e. sell your house, make a profit and retire somewhere else. Otherwise, the inflated property tax on your inflated property values will consume all of your inflated savings from your inflated income. I'd hate to have to convert that into a spreadsheet formula.



Seems to be happening in every major city in the Western hemisphere.

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