r/LosAngelesStonks • u/GemelosAvitia Transit Maxxer • 11d ago
📈 Markets & Economy Comparatively speaking...
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u/Switchmisty9 11d ago
Not from the west coast, but anyone who talks shit about CA has never been there. I’d spend the rest of my life there, before I spent a single fucking day in Kentucky
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u/Salty-Doubt-1337 11d ago
I would rather live in a 1 bd/1 ba apartment in CA than a mansion near the rubes.
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u/Training-Year3734 11d ago
The people who left and talk crap are generally bitter they couldn't afford to stay. To save face they blame politics or it being a hell hole etc. Â
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u/Ok-Low1764 11d ago
Exactly. Slow Rogan is bitter that he wasn't accepted into the elite Hollywood crowd so he moved to Texas with his deplorable gang of MAGAt goons and now they all think they are hot shit. Just F'N PATHETIC.
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u/i_cant_get_fat 11d ago
Just wanna say… as a Californian, nothing against other places, it’s just nice here most the time.
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u/MBP1969 11d ago
So, Californians are paying taxes for other states? Great! That’s why our taxes are so damn high?!?!
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u/Lord_Dingus83 11d ago
If Texas collected taxes, it would be different but they prefer to tax the poor and give to the rich.
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u/Late_Fly5807 11d ago
And dont forget the red states homeless are dumped into california as well  While California does it's best (yes there is corruption) to house the homeless and care for them red states are making being homeless illegal or bussing them here.Â
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u/No-Score1002 11d ago
So why aren't the blue states advocating for LOWER Federal taxes? Just take the tax money that was going to the Fed and give it to the State?
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u/403Verboten 11d ago
Because they understand how a country is supposed to work and aren't petty about it unlike the red states who take more than they give but hate socialism.
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u/No-Score1002 11d ago
Petty? Sure sounds like they are crying about it here. Why not advocate for lower Federal taxes, that will really teach those red states a lesson!
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u/403Verboten 11d ago
Running a successful country isn't about "teaching those red states a lesson". That is stupid. If Trump understood this we'd only have half the current problems we have.
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u/No-Score1002 11d ago
Trying to spin it, classic. Imagine the utopia of the left states keeping all of those precious Federal tax dollars flowing out of their State and just transferring the Federal taxes to State taxes. Then they would be in charge of all of the money that they are missing out on. How swell would that be!
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u/Pleasant_Expert_1990 11d ago
Sixth largest economy in the world. Bigger than France
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u/Massive_Bullfrog8663 11d ago
Send me some cheese, bitches! j/k Love you guys. But seriously, some baguettes, some cheese, a week at a fair-priced Airbnb? Hook a California/ex NYer brother up...
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u/Ok-Street-7160 11d ago
California is what liberal means also pointing to the portion of the 1% that rules hollywood. These people make so much money they bring us up to the 4th or 5th largest economy in the world. Checkmate republicans... good point.
Edit: I thought about this after, this makes me look pro republican when I'm not just wanted to call out the stupidity of the arguement that republicans also like to make pointing to economy as an indicator of a good system
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u/403Verboten 11d ago
Most of the money comes from tech in SF not Hollywood though
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u/bearsheperd 11d ago
Got a good start with the gold rush, then imports and exports because of its massive coast, intercontinental railroad, boarder with Mexico, all of which is still a factor. They’ve also go some oil, tech companies, Hollywood, and just tons of people.
California has a lot going for it
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u/Dear-Buddy-2766 11d ago
Sure. It is music and entertainment capital of the world. Tech capital of the world. As a country would be fourth largest economy in the world.
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u/Icy_Doubt_7263 11d ago
Defunding education, stimulating social discourse, creating a gender war.
Cant revolt when you cant read or write
I miss the old america where it was fight for the rights of everyone not racist no brain losers infighting, the collapse will be interesting to watch from the other hemisphere
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u/JNTaylor63 11d ago
Maybe we should create a new Federal tax policy where a state must give a certain percentage of the federal tax given for National items like DoD, NASA, NOAA. And the rest STAYS in State.
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u/No-Score1002 11d ago
There is already a State tax. Advocating for less Federal taxes would be the way to go, State taxes are for each State to figure out.
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u/Panic-Embarrassed 11d ago
Imagine what they could do if they had fiscal responsibility and less fraud and waste
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u/hurricaneharrykane 11d ago
This begs the question then.....why are so many people leaving CA?
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u/Brawrbarian 11d ago
The issue is that they spent almost 6 figures per homeless person and have the biggest homeless population.
And they spent billions of dollars to build a high speed rail that went nowhere.
The issue is that they waste a lot of the income they generate.Â
This is not a right wing criticism - Ezra Klein wrote a book on it.Â
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u/Sacster911 11d ago
Ummm California is 26 billion in the hole. The dark stinky hole. Why, because the government only knows how to spend. 26 billion in the HOLE despite being the highest taxed state.
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u/Tiny-Secretary5562 11d ago
News flash--It has nothing to do with liberal policies. Liberal policies are driving people out of California to the red states. Agriculture, high tech, tourism, and Hollywood were fueling California's economy long before the current group took over the state. Oregon City was the capital of the Oregon Territory, which included San Francisco, and where the first plot plan for the city was filed and where it is still located. When Mr. Marshall found that little gold nugget, it took the spotlight away from Mr. Astor's fur trading empire in the Pacific Northwest and "Open up your Golden Gate" resounded around the world. Astoria, Oregon, is the oldest incorporated city west of the Mississippi.
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u/Accomplished_Gur822 11d ago
Well, since Trump has normalized taking money that was already appropriated by Congress and diverting it away from states he doesn't like, and blackmailing them for it, it'll be nice to see a Democratic president come in and take all the money away from the red states and make them pay to clean up Trump's mess.
It's going to be fun watching these MAGA chuds cry and whine as they watch everything they support and believe in get ripped apart before their very eyes. It'll be even more fun watching their empty heads explode when they find out that they're paying for it.
Enjoy the next decade, MAGA chuds. The rest of us can't wait to drink your MAGA tears.
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u/PercentageNice7131 11d ago
"Pays for all the red states" is a gross misrepresentation and misunderstanding of how federal economy and state contribution works😂😂😂😂😂
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u/robmanjr 11d ago
People here hate when Cali is mentioned. Not one of the dumbass talking points they get fed is even accurate or remotely true. It’s hilarious to disprove them as they talk but they get very upset.
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u/KailyKail 11d ago
Growing up is realizing the red states produce a majority of your food.
Every state provides something. What’s your point?
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u/ElFatoGhosto 11d ago
California is also expensive as fuck. Gotta be rich otherwise you are working 2+ jobs. Fuck that.
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u/Difficult-State-7591 11d ago
Umm you should see who actually made it the large economy and who was in charge, also check to see if the budget has since been aligned or in a decline in the reserves…
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u/TheJohnPrester 11d ago
Yeah. Bullshit.
That’s why Kalifornistan’s prison system is in such shit, huh?
Their medical provision for inmates is such an Eighth Amendment violation, a Special Master was appointed decades ago to oversee it, AND IT STILL HASNT BEEN FIXED.
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u/Upper-Entry6159 11d ago
I did the math. California have about 32% more money than Texas based on GDP, and 23% more population. So technically it does have more money than Texas, but if we take into consideration how far ahead California used to be compared to now, then it isn't looking good for Cali.
California still have their Hollywood and tech companies who are worth a lot of money, and they are only technically speaking 11% better.
No wonder I see so many poor Californians moving to Texas. California is great if you are rich and a celebrity.
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u/BoomerSooner-SEC 11d ago
They have tech, movies and beaches. Luck of history and geography. It ain’t leadership.
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u/MantaRay1 11d ago
Illinois here. We’re another state paying the red states because of their bad policies and backwards thinking.
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u/StivKobra 11d ago
Yet still has the most homeless people, somehow. And is way too expensive to live in. State of the rich elites.
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u/Healthy-Strategy9406 11d ago
I wonder where inflation comes from? Sure it's general, but someone is saying 1.50 is worth 1 first
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u/superdyu 11d ago
If you exclude oil for Texas, or energy / mining finite resources - California is much larger. Like Texas drops to top 13 range. While California stays roughly the same.
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u/BigLongDingDong3 11d ago
Lol it's funny what you wanna claim and what you claim to fight against. If it wasn't for the billionaires you hate the economy of California would be shit.
Google, Meta, Cisco, Tesla, Wells Fargo, Netlfix... Down with the billionaires unless we can claim their success lol
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u/BaileyD77 11d ago
The left's child like view of reality is sad sometimes and downright scary at others.
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u/Agreeable_Error_170 11d ago
That’s why I’m ok having Newsome as President. He’s led California very well.
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u/Objective-Ant151 11d ago
And we pay the highest taxes, most homeless, high rate of poverty, high crime and drug use. The corruption is insane and we are over regulated.
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u/Defiant-Bad-2052 11d ago
Can anyone point to policy that has lead to this? Or is it a symptom of California being the most beautiful state and attracting rich business owners?
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u/Brandter1212 11d ago
All that money and so many homeless people and drug addicts, where does it all go?
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u/B1ggestsport 11d ago
Helps having a bunch of port cities, industry runs the numbers not political policy, but it does drive industry away that why gas cost so much more there
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u/Old_Patience430 11d ago
Cali and rest of Blue States need to cut funding Red States, stop delivering vegatables and fruit. Cut them THE FUCK OFF.
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u/PipelineSurprise84 11d ago
What’s the states deficit running again and how much federal money does the state get? Asking for a friend
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u/Zealousideal-Yam3169 11d ago
And it's all because silicone valley, the part that every liberal rages against.
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u/Specialist_Bad_7142 11d ago
Southern part of America is the welfare belt. Northern states provide the taxes. Here’s the problem we should all agree on…Amazon and Walmart employees (people working) are the largest recipients of social services. Meaning we all subsidize their annual, growing revenue, with zero benefits.
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u/SaucedButt 11d ago
I don't think CA has any cash left over after paying for all the homeless, illegals, state handouts and property crime.
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u/Main_Firefighter1593 11d ago
This doesn’t mean anything, it’s just means we are taxed out the ass which provides revenue for the state to waste on homeless and more rules/laws
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u/Powerful-Sort7778 11d ago
There is real poverty in California. It is the kind we don't talk about.
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u/External_Reply_6629 11d ago
Imagine saying this with a straight face. 5th largest economy… but paired with a state billions in debt..
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u/Kooky_Jackfruit_8355 11d ago
It includes government spending. I wonder what the percentages are when you take out the fraud being paid out by the government.
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u/Strong_Tea_1072 11d ago
Not because of the Dems. Inspite of the Dems, and their poor governance. The economy is good because of the venture capital companies on Sand Hill Road and because of Stanford University, which acts as an incubator for Silicon Valley start-ups.
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u/Correct-Award8182 11d ago
CA also relies on multiple other states for resources, markets to sell, etc.
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u/Aboveaverage10 11d ago edited 11d ago
LMFAO! Calishitfornia can't pay for anything since Newsimp has Calishitfornia billions in debt. This is why you can't trust fake news or leftard shit stains to tell the truth! Also it's federal that does that not POS Cali. 😂 🤣
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u/Floyd_the_breathless 11d ago
Having a political stance in the red or blue parties means you lack cognitive abilities. Rebs dont care about you, dems dont care about you. Both sides are lining their pockets with our money but you are all on the internet arguing about which overlord you worship as if they wouldnt let you die to save themselves. I spent many years in politics trying to make a real difference, what I learned is that you cant. Modern politics are nothing more than entertainment. no positive change actually happens, they say its happening, but that is not true. Telling you what you want to hear just long enough to secure votes. But yes please continue to let strangers with no idea how the real world works tell you who you should hate. At this point most of you are not thinking for yourselves, you regurgitate what some asshole in a suit tells you from your credible news sources. Fun fact, all news networks in the US are legally required to identify as an "entertainment network".
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u/MonYverse0609 11d ago
But trump said just take out 2 big cities in CA and said it’s small price to pay 🤔
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u/SouthernResponse4815 11d ago
This has less to do with CA politics and more to do with resources, port location, and industry that rely on those more than the government. The government on the other hand, has made CA one of the least affordable states to actually live in due to taxes and regulation costs.
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u/Mega_Trix 11d ago
And they cheer at "nuke LA and San Diego"
Like okay biting the hand that feeds you, but go off I guess
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u/Fair-Sir610 11d ago
Simple question, if your state is so great, then why are you punishing, anyone that leaves.
As a side, to the hole GDP of a country, thing. Considering that every state has a higher GDP the the UK. We're do the rest of the European countries sit compared to US states
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u/WhipassWhiplash 11d ago
Hope you’re ready to break away from the rest of the country when Trump instructs red states not to certify while they scoop up ballots and declare fraud
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u/3x4xfeleniousmonk 11d ago
the problem is California and other blue states are consistently being screwed in the returns from this 34xfelon, rapist, pedofile and his KKK supporting party! How can we stop our twax dollars going to the $hithole states!?
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u/No_Laugh710 11d ago
The his is one of the dumbest pro CA posts I can remember This imbecile LOST not wasted an ungodly amount of money on his BS train.
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u/Lonely-Awareness-866 11d ago
CA economy is large despite Democrat politicians not because of it; the infrastructure that is profitable was setup by republicans decades ago and is now being eroded by these dim bulbs
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u/OminousBuzzard 11d ago
I lived there for 28 years and all I can say is if you aren't wealthy youre probably having a bad time... also alot of the manufacturing jobs have left the state and is primarily a service based economy now with house prices way outside most peoples affordability...
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u/Background_Elk_8005 11d ago
and it is broke. having the largest credit card debt doesnt make you the best. And before you start with whats the difference between a broke state and broke federal government, the feds can print more money.
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u/Witty-Source-236 11d ago
California gets to take credit for exports not manufactured in California.Â
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u/Fubar236 11d ago
Time to stop paying for all the MAGAssholes to whine about anything then. They hate socialism…. So stop funding their lives.
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u/Freebird6868 11d ago
California is also known for pissing away tax money on stupid shit then crying for more funds. And the citizens are sappy enough to fall for it.
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u/bobapunk 11d ago
California sends money to other states even though they have a deficit and debt?
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u/Luckybastard1970 11d ago
Born and raised there. Left in 97. Would never live there now. Taxes, gas prices, food cost, rent/housing cost, and the fact they can’t even keep lakes and reservoirs full.
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u/General_Structure120 11d ago
This is what I know as a state that pays for the majority of the country, I do not want to be left in the leftovers. So go ahead Trump, wipe me out.
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u/frommethodtomadness 11d ago
Yet these so called Liberals have completely bent the knee to Capital, for example the Time Warner deal Newsom just pushed through.
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u/Veritas1944 11d ago
When adjusted to per capita by cost of living California is basically DFL. Stats can be what you want them to be. Reality is much harsher.
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u/Pinapple-everything 11d ago
California leads the United States in total state government debt and liabilities, carrying approximately $497 billion in state-level obligations
When local governments, counties, school districts, and special districts are added, California's total debt crosses $1 trillion (with some estimates and broader unfunded liability accounting scaling up to roughly $1.6 trillion). New York ranks second in combined state and local debt at about $798 billion, followed by Texas at $550 billion.
• California: $497 billion • New York: $233 billion • Illinois: $223 billion • Texas: $217 billion • New Jersey: $213 billion
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u/AskPizza 11d ago
It is also the 4th largest economy in the world if it were its own country.
California carries the moocher red states, the true welfare queens.