Posted on 07/11/2018 8:19:42 PM PDT by SeekAndFind
RE: California’s in-state revenue is nearly $474 billion
Enough to cover the entire pension liabilities with enough to cover all other state expenses?
California’s only path to economic survival involves the expulsion of everybody on welfare, starting with illegals. That won’t happen with Democrats in charge.
They will precipitate a crisis and they’ll get a Federal bailout, just like the banks did in ‘08. Bank on it.
They already have a backdoor “exit tax”. They have weaponized the Franchise Tax Board to enforce it.
Every year since we escaped, we get an odd tax bill for some alleged underpayment from years ago. Along with huge penalties and interest, of course.
If you have ever had the misfortune of being forced to deal with the FTB, you already know you would prefer dealing with the mafia. By a wide margin.
I attended a Big Data Analytics conference about three years ago and met a guy working for a California orange growing company there. They were investing heavily in determining precisely how much water to put on each tree throughout the season to grow the best oranges and optimize profits. It was fascinating how they were bringing high tech (data, analytics, IOT sensors, irrigation tech) to ag.
“I assume that you didn’t bring the Left Coast mentality with you, so...WELCOME!”
Windflier is still searching for good arugula, a good artichoke heart, and a properly ripened avocado.
c.f. Missouri 2019 budget of 6.1 billion
If you get on the backroads of the Central Valley, you will still see lots of dead orchards. BUT, those are being ripped out and replaced with trees that require much less water. It’s part of the natural cycle of the ag industry. When you tour the wine growing regions, you regularly see entire vineyards being pulled out and replaced for various reasons — old vines on the down-side of the productivity curve, wine tastes have changed (hence different grapes are more profitable), planting pest-resistant vines, etc. It is natural and part of good business to see old trees and vines being ripped out. It took me a long time to realize that.
“When you tour the wine growing regions, you regularly see entire vineyards being pulled out and replaced for various reasons — old vines on the down-side of the productivity curve, wine tastes have changed (hence different grapes are more profitable), planting pest-resistant vines, etc. It is natural and part of good business to see old trees and vines being ripped out. It took me a long time to realize that.”
I drive to Napa nearly every day having a business there. While there is the removal of old vines and replanting of same, that activity pales into insignificance when compared to the new planting. As of today, new vineyards are on the borders of the Napa Airport and the City of American Canyon, reaching up to nearly the tops of the surrounding hills. There is nearly no open space left in the Napa Valley. I suppose only the salinity of the soil and the environmentalists will stop the grapes from actually reaching the shore of SF Bay.
That is true. The expansion all over the western states is astonishing. How much wine can the world drink?
Of course not enough to cover pension liabilities. Not even enough to cover the year’s spending, of course. We’re seeing the same sorry trend in quite a few states now, to lesser extents only because of smaller populations.
I know that both Vallejo and Stockton reneged on their pensioners. We had someone living in my development who had sold their house and were moving in with their kids - both were retirees of Stockton, and both lost their pensions overnight.
It will be the cities, then the counties.
If the state divides into three, its a huge opportunity to restructure or just jettison a bunch of that pension debt.
The spiking that happened down there ten years ago, apparently, has stopped. Crazy it didn’t happen sooner.
The Democrat leaders don’t believe that socialism will make life better for the average California.
The Democrat leaders in California believe that promising socialism will get them elected.
The Democrat leaders don’t care about the average Californian.
The Democrat leaders in California promise socialism so that they can be elected so that they have access to the public treasuries in order to enrich themselves.
To believe that the Democrat leaders promise free stuff to help out people is to believe in The Great Pumpkin.
“That is true. The expansion all over the western states is astonishing. How much wine can the world drink?”
Yes, and although I don’t get out there very often, some of the “biggies” in the jug wine business (like Gallo) are out in the Central Valley. I had a friend who was a contractor, who made a living putting up SS storage tanks for wineries. Gallo was actually fermenting other fruits, to get alcohol to “hype” their wines to speed up time to market. Years ago, the guy who started Ironstone Winery in Angels Camp, an immigrant farmer, switched from growing tomatoes to grapes on land he owned in Lodi, and turned those grapes into a fortune.
“The Central Valley is a modern day dust bowl.”
Utter nonsense.
Thanks, Marine.
We've been in Texas long enough now, that we're more or less foreigners when we visit California these days. I still love the place, but I hardly recognize the people.
It's like I explain to friends and family; my California disappeared a long time ago. At least in the parts where I'm from. Maybe it still exists in the rural areas of the state. I suspect that America can still be found in those areas.
And don't forget the good Napa Valley wine ;-)
What part of Cali are you from? I'm originally from Monterey, but Los Angeles was my home base for decades.
We are in the heart of Silicon Valley. Been there since ‘78. We cant leave for various reasons, so we bought a second place in North Idaho where I’ve bee now for two months. Doing lots of repair and fix-up work. It is SO nice getting out of Cali with the grind, noise, traffic, over-population, rude people, and horrendous politics. I do miss the good summer fruit, though.
I hope you’re not paying them.
Eventually, you run out of your grandchildren’s money.
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