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This also happens as taxes and regulations sharply increase over time. California is a good example.
by elmer2 2mo ago
This also happens as taxes and regulations sharply increase over time.
California is a good example.
- wat10000 2mo agoNo it isn't. The median household income in California is over $100,000/year. The 20th percentile household income in California is still over $16,000/year, higher than the per-capita PPP GDP of places like Belize or Jamaica.