Posted on 08/10/2017 5:20:08 AM PDT by Kaslin
Corporate profits at California-based transnational corporations such as Apple, Facebook and Google are hitting record highs.
California housing prices from La Jolla to Berkeley along the Pacific Coast can top $1,000 a square foot.
It seems as if all of China is willing to pay premium prices to get their children degreed at Caltech, Berkeley, Stanford, UCLA or USC.
Yet California -- after raising its top income tax rate to 13.3 percent and receiving record revenues -- is still facing a budget deficit of more than $1 billion. There is a much more foreboding state crisis of unfunded liabilities and pension obligations of nearly $1 trillion.
Soon, new gas tax hikes, on top of green mandates, might make California gas the most expensive in the nation, despite the state's huge reserves of untapped oil.
Where does the money go, given that the state's schools and infrastructure rank among America's worst in national surveys?
Illegal immigration over the last 30 years, the exodus of millions of middle-class Californians, and huge wealth concentrated in the L.A. basin and Silicon Valley have turned the state into a medieval manor of knights and peasants, with ever fewer in between.
The strapped middle class continues to flee bad schools, high taxes, rampant crime and poor state services. About one-third of the nation's welfare recipients reside in California. Approximately one-fifth of the state lives below the poverty line. More than a quarter of Californians were not born in the United States.
(Excerpt) Read more at townhall.com ...
I believe North Korea has graciously offered to solve our "California Problem".
Past tense.....for many....many decades.
Kalifornia is definitely cracking-up, but the rest of the nation is following right behind led by the Deep State/Media/Academia cabal.
The secessionists neglect to consider that if California should successfully secede that their world would be turned upside down. Big corporations would leave, defense contractors would leave. Even the entertainment industry would leave along with their celebrities, the brain drain would be huge. In essence, the state would hallow out in very short order. California would look a lot like Cuba, a beautiful, impoverished desolate country.
California would be born again after secession
I’ve wondered this for the last decade or so, even though I have no real interest in California nor have I ever been there. Between Hollywood, Tech, Agriculture and Tourism, it should be an economic shining star and beyond self sustaining.
Two words: Illegals and corruption, I guess. Too bad.
Some race-baiter was on Tucker Carlson last week saying that the white working class fleeing Cali was a GOOD thing because it opened up space for more immigrants.
From the article: “Like South Carolina residents in 1861, Calexit advocates seem to assume that federal law should apply everywhere else except in California.”
There, I’ve correct it: “Calexit advocates seem to assume that California law should apply everywhere else.”
Illegal parasites are sucking the life out of their host, the taxpayers of CA.
California is hanging on becsuse there are leftist businesses and individuals who will pay any price to keep living there. They are subsidizing the impoverished people who are displacing middle income families.
I was very glad to see Californian in my rear view mirror.
If I lived in Kalifornica, I would be in the 9% bracket vs. the 3.07% flat tax in PA. Even worse, my non-SS retirement income would be taxable, whereas in PA it's exempt.
Glad I don't live there.
Middle income Californian’s fled in droves back in the early 80’s. Living in Colorado, hoards of moving vans pulled in daily as middle class Californian migrated east and north. Having done so, the arriving “immigrants” brought many of their problems, flaky ideas, drugs and troubled kids with them, only to expect their new adopted home state(s) to accept their ideas. Thus, it was the beginning of what many western states now do not “enjoy”. Although several years ago, I too migrated, BACK to whence I came. So far California has not reached the north woods of Wisconsin.
We need a counterpoint to Calexit, where we passively allow California to take the few marbles they haven’t lost and leave.
Something we could call “Caleject” where we actively throw their sorry butts out.
And slam the door after them!
No state income tax here!
You don’t get into Cal Tech because you live in the state.
Will CA fall off the cliff? Or just devolve into a 3rd world country?
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