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Much of the wealth in California comes from high technology. The research of the high technology came from the Federal Government. The training of the PhDs th

Much of the wealth in California comes from high technology. The research of the high technology came from the Federal Government. The training of the PhDs that created the research (think semiconductors) came from the NSF and NIH and other federal funds. Thus, it is not unlike a VC making early stage investments in a company. BTW, I'm in NY State and it also has net tax outflows.

deleted 10y ago
[deleted]
refurb 10y ago
Much of the wealth in California comes from high technology. I think you need to get out of SV more often. The top 3 ranked sectors in California by GDP are: (1) health, education - 18%, (2) real estate, rental and leasing - 17% and (3) trade, transportation and utilities - 16%.[1] Not sure where tech would fall, but probably in: information - 6% or professional and technical services 9%. Silicon Valley seems like it's a big deal when you're in the middle of it, but it's nowhere near the biggest GDP contributor in the state. [1]https://en.wikipedia.org/wiki/File:Gross_Domestic_Product_of_California_2008_(millions_of_current_dollars).svg https://en.wikipedia.org/wiki/File:Gross_Domestic_Product_of...
- ec109685 10y ago
  That was from back in 2008 and it isn't well sourced. It from the author "own work" and a 404'd link.
sandworm101 10y ago
But what is california's trade balance with other states? I suspect it "exports" more than it imports. So paying more in tax (by some measure) is the price of remaining in the federation. US states are so integrated that generalizing them into givers and takers isnt very honest imho. It makes for gòod headlines and fans state pride, but always omits important detail. As example: How much of california's wealth comes from intelectual property laws, laws created and managed by the fed?