Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.
California. Highest taxes in the US, yet we generate 14.2% of the country’s GDP despite being 11.7% of the population. We have an economy the size Germany (who has the world’s 4th largest economy) with 46.4% the population.
People talk shit about the state, how awful it is, etc, and while we do have many problems we’re doing pretty damn well all things considered. If we get housing and healthcare fixed (both active efforts by our government) we’ll be in an amazing position as a state.
California. Highest taxes in the US, yet we generate 14.2% of the country’s GDP despite being 11.7% of the population. We have an economy the size Germany (who has the world’s 4th largest economy) with 46.4% the population.
People talk shit about the state, how awful it is, etc, and while we do have many problems we’re doing pretty damn well all things considered. If we get housing and healthcare fixed (both active efforts by our government) we’ll be in an amazing position as a state.
California is weird like that. I’ve seen plenty of sentiments about California surviving standalone as its own nation.
Without doing any research, most of us assume the revenue and economy is based on key industries like tech, agriculture?
Would the states survive if it didn’t have his current water supply for agriculture?
With the Exodus of some tech companies, what is that trend look like overall? If it continues, will the state still be in the same good shape?
I’m assuming the great weather has something to do with it?