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There's no evidence that rich are leaving CA in droves. If you like to show off your fancy stuff, there's more people to show it to in CA than TX. Mansions are
by tabtab 7y ago
There's no evidence that rich are leaving CA in droves. If you like to show off your fancy stuff, there's more people to show it to in CA than TX. Mansions are for ego, not for practical use. If anything, the middle-class is shrinking because housing costs are so high. The homeless come for the weather, so CA is becoming rich or poor, and less middle.
- turk73 7y agoWhich is the very definition of "Third World." It would suggest that the policies in place are not generating the kinds of outcomes that typical Americans would like or expect. The actual outcomes are all about concentration of wealth and power while sustaining only a veneer of social responsibility. Look at what the outcomes are, not at what they say they want. If the plan going forwards is for all but the teeny tiny tippy top of the pyramid to have amazing wealth and comfort while the rest of us suffer, count me out. Might as well revolt now versus wait another decade while the poverty just gets worse and people are even more desperate. What will get people off the couch? Rolling blackouts? Failure of the sewer systems? No food?
- dragonwriter 7y ago> Which is the very definition of "Third World." No, the definition of Third World is “aligned with neither the US nor Soviet Union in the Cold War”. Of course, no one uses it according to that or any other well-defined concrete definition anymore (even by the last decades of the Cold War), but it's mostly now used to refer to any country that is neither a North American or Western European capitalist country nor at a similar per-capita GDP of the worst of those.
- OkGoDoIt 7y agoFascinating, I’ve never heard that definition before but it makes a lot of sense.
- vonmoltke 7y agoIt was Alfred Sauvy's Three-world model (https://en.wikipedia.org/wiki/Three-world_model https://en.wikipedia.org/wiki/Three-world_model) that created this delineation. Mao's Three Worlds Theory (https://en.wikipedia.org/wiki/Three_Worlds_Theory https://en.wikipedia.org/wiki/Three_Worlds_Theory) took the same concept, but used economic development level as the delineation instead of geopolitical alignment.
- arprocter 7y agoBy the strict definition Ireland, Sweden and Finland are '3rd world' In high school geography countries were classed as 'developed' or 'developing', although I don't remember the metrics
- stcredzero 7y agoWhat will get people off the couch? Rolling blackouts? Failure of the sewer systems? No food? That's not the level of, "get people off the couch." That's on the way to, "people coming around to your place demanding you give them your stuff, and if you resist, they burn your house down." People's behavior changes a lot if they're hungry.
- dractori 7y agoPoverty rates have been relatively steady for a long time. I think that your concerns about how bad things are might be a bit exaggerated. https://poverty.ucdavis.edu/faq/what-current-poverty-rate-united-states https://poverty.ucdavis.edu/faq/what-current-poverty-rate-un...
- almost_usual 7y ago>There's no evidence that rich are leaving CA in droves. If you like to show off your fancy stuff, there's more people to show it to in CA than TX I think a lot of people would rather be the bigger fish in the pond though. Also, if you moved to SF specifically to make money you're going to want to protect that payout more so than stay in the city.
- the_watcher 7y agoLast I checked, California had a negative net migration rate while Texas has a positive one.
- socalnate1 7y ago"Migration among certain demographic groups also differs from the state’s general pattern. Although California has had net out-migration among most demographic groups, it has gained among those with higher incomes ($110,000 per year or more) and higher levels of education (graduate degrees)." https://lao.ca.gov/laoecontax/article/detail/265 https://lao.ca.gov/laoecontax/article/detail/265
- data_spy 7y agoThat data is several years old now (up to 2016). Anecdotal but most of my high-income friends left in the past 1.5 years.
- vernie 7y agoI've been hearing this shit about Texas for at least a decade.
- the_watcher 7y agoRelated: Texas has had positive net migration for that entire decade. Also related: rich people retiring to a low tax state wasn't invented by young techies.
- georgeecollins 7y agoAs a fifth generation Californian, I am not loosing sleep about the state depopulating! Even if it has some years of negative net migration, the long term story is incredible economic and population growth. Slower or negative growth would be helpful in many ways. The state's infrastructure needs to catch up to the growth, particularly in the Bay Area.
- kevin_thibedeau 7y agoIn NY there are an unusual number of Florida plated cars driving around in the winter time when no true Floridian would bother visiting (Jan-Feb). Snowbirds come in the warm parts of the year. The wealthy can play their residency games to get the tax regime they want.
- more_corn 7y agoThe evidence shows that the homeless primarily come from the working class not from out of state. Housing costs are so high that normal people are balanced on the edge. Any unexpected bump like an illness or car trouble can push people into homelessness.
- MagicPropmaker 7y agoI stopped taking an income because taxes got too high. Investments plus spouse income pushes us into the highest tax bracket for State and Federal (CA is up to 14.5% with both "millionaire taxes) added in. It wasn't worth giving up 56 cents of every dollar to taxes. I work at a startup now and take no income. I suspect many other people in California are doing the same.
- NotSammyHagar 7y ago"I'm so rich I stopped getting paid because the taxes were just not worth it."
- refurb 7y agoHe said getting paid as "income", not paid in general.