Gavin Newsom addresses the nation

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lawtig02 said:
It’s pretty damn strong. Along with a bunch of other blue states.
www.statista.com

Real per capita GDP by state U.S. 2024| Statista

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S.
www.statista.com www.statista.com
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Are the rich leaving California?


AI Overview
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Young rich workers flee New York and California—where they're ...
Yes, data from the US Census Bureau and the Public Policy Institute of California (PPIC) indicates that higher-income, well-educated Californians are leaving the state, a trend that accelerated during the pandemic. This "wealth migration" is driven by factors like high state income taxes, the high cost of living, and a desire for more affordable lifestyles in states like Texas and Florida, leading to significant tax revenue losses for California.

Key Reasons for Leaving
  • High Cost of Living:
    California has a high cost of living, particularly for housing, which prompts some residents to seek more affordable options in other states.

  • High State Income Tax:
    California has the highest state income tax in the country, which can significantly increase the tax burden on high-earning individuals.

  • Remote Work Opportunities:
    The rise of remote work during the pandemic allowed some professionals to move to lower-tax states with a better quality of life.
Impact on California
  • Loss of Tax Revenue:
    The departure of high-income earners leads to a significant net negative outflow of wealth and tax revenue from the state.

  • Economic Effects:
    This loss of top earners could negatively impact job creation and the state's overall economy.

  • Shift in Demographics:
    While overall migration patterns are complex, the loss of high-income households represents a significant change from past decades when California attracted wealthier residents.
Where They Are Going
  • States like Florida, Texas, Nevada, and Arizona are popular destinations for wealthy Californians.

  • Many high-income residents are moving to states with no state income tax, such as Texas and Florida.
When did California start declining?


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Has California Gone Downhill in the Past Few Decades ...
California began a noticeable period of "going downhill" for many residents around the late 1980s and early 1990s, marked by a combination of factors including business and military base closures, economic recession, increased taxes and regulations, and rising housing costs, all contributing to population outflow and declining quality-of-life perceptions.

Key Factors and Timeframes
  • Late 1980s/Early 1990s:
    This period saw the beginning of a downward trend, with a recession stemming from the end of the Cold War and significant military base closures.

  • Post-1990:
    The end of the Cold War led to a substantial drop in defense spending, creating a severe recession and causing an exodus of about 1.5 million people from the state.

  • Economic and Fiscal Challenges:
    From a budget surplus to a projected deficit, California has struggled with fiscal issues.

  • Cost of Living:
    High housing costs and a generally high cost of living are significant drivers for people leaving the state.

  • Regulatory Environment:
    Businesses cite concerns about overregulation and high taxes, which have led many companies to relocate their headquarters to other states.

  • Population Decline:
    The state has seen a population decrease in recent years, reversing over a century of growth, a trend linked to high costs, rising crime, and a worsening homelessness problem.

  • Political Landscape:
    Some attribute the decline to political factors, such as one-party rule leading to political arrogance and a disconnect from the populace's needs.
 
lawtig02 said:
It’s pretty damn strong. Along with a bunch of other blue states.
www.statista.com

Real per capita GDP by state U.S. 2024| Statista

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S.
www.statista.com www.statista.com
Click to expand...
Population losses by state (July 2023 - July 2024)
  • New York: Lost the most residents, with a numeric loss of 101,984 people.

  • California: Experienced a six-figure decline in resident population.

  • Illinois: Also saw a significant loss of residents.
All blue states I believe.
 
Callatoroy said:
Population losses by state (July 2023 - July 2024)
  • New York: Lost the most residents, with a numeric loss of 101,984 people.

  • California: Experienced a six-figure decline in resident population.

  • Illinois: Also saw a significant loss of residents.
All blue states I believe.
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Might want to double-check the numbers and look at the context.
 
Callatoroy said:
But there isn’t a R candidate in the primary. Unless you think your preferred candidate couldn’t beat the R candidate in the general election.
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Right, but people are concerned about the WH, not primary, and Newsom, on a surface level, it's totally "presidential" material.
 
Last edited:
pspsps said:
Desirable places to live end up creating the conditions of their own downturns, though usually only temporarily. Desirability is demand, demand raises prices.
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Well, sure.

But the blacks and immigrants and Muslims are the real problem. They’re taking all the jobs, eating all the pets, and raping all the white girls.
 
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