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This is a good point. One of the things that is going to really be hurting California, and probably Portland and Seattle over the next decade is the poor way t
by lzw 16y ago
This is a good point. One of the things that is going to really be hurting California, and probably Portland and Seattle over the next decade is the poor way the state governments have managed their budgets. This means high taxes, on top of the increasingly highly regulated and business hostile environments there.
I can't speak to how Vancouver is in terms of taxes, as it is another west coast city. But is the BC government in a fiscal emergency?
This is something to be concerned about for England, Germany and Spain as well.
While I think I would love to live in Berlin and will consider it as a location if the visa investigation looks promising, I probably wouldn't domicile the business there due to the very real expectation that Germany will be having a crisis like Greece in a few years.
- startuprules 16y agoVancouver had a big housing bubble, and now their sales have plummeted, so I would imagine the state government might struggle a little bit. http://globaleconomicanalysis.blogspot.com/2010/07/vancouver-home-sales-drop-30-percent.html http://globaleconomicanalysis.blogspot.com/2010/07/vancouver... However, overall Canada is in good shape financially compared to the other G20. Not alot of public/external debts. Here are the stats, as well as the other countries mentioned in the thread Canada - 833 Billions external, 75.% GDP public US - 13 Trillions external, 52.9% GDP public (~70T owed in social security/medicare uncounted) England - 9 Trillions external, 60% GDP public France - 5 Trillions external, 77% GDP public Germany - 5 Trillions external, 72% GDP public Israel - 84 Billions external, 78% GDP public Netherlands - 3 Trillions external, 62% GDP public Chile - 60 Billions external, 6.0%!! GDP public Poland - 201 Billions external, 46.5% GDP public Singapore - 19 Billions external, 113% GDP public China - 340 Billions external, 16.5% GDP public India - 223 Billions external, 58% GDP public http://en.wikipedia.org/wiki/List_of_countries_by_external_debt http://en.wikipedia.org/wiki/List_of_countries_by_external_d... https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html https://www.cia.gov/library/publications/the-world-factbook/...