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Thank prop 13 for that.
by crdoconnor 9y ago
Thank prop 13 for that.
- prostoalex 9y agoOr high-speed rail. Or unreasonable pension obligations.
- crdoconnor 9y agoJust prop 13. If a less well off Europe can handle all 3 so can the richest state in the richest country.
- prostoalex 9y agoWhile statutory property tax increases are exclusive to California, homeless populations are not.
- crdoconnor 9y agoBeing so spectacularly wealthy and having such a large homelessness problem at the same time is unique to California though. Hence "wealth distribution" problem, not "not having enough wealth" problem.
- prostoalex 9y agoAgain, what number are you looking at to call California wealthy? California state budget revenues are $4,366 per capita, which is fairly low-end. North Dakota, Wyoming, Washington, Kentucky, Minnesota and Oregon are all in solid five digits a head. California's is richer than Georgia's $2,320 per capita for sure, but if it were a person in a company of 49 other friends, it would be a low-income friend always trying to borrow money.
- crdoconnor 9y agoA GDP of $2.6 trillion, highest in the US and 14% of the US total. Deliberate starvation of state and city budgets doesn't stop California from being the richest state.