Has the supposed corporate exodus from California been good for it's economy?

Discussion in 'MKJ Off-Topic' started by SC 1978, Jan 15, 2020 at 6:57 AM.

  1. Has the supposed corporate exodus from California been good for it's economy?
    SC 1978

    SC 1978 Points Member


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    Jan 15, 2020 at 6:57 AM
    #1
    I keep hearing from republicans that there's a mass corporate exodus from California. Places like Texas and Nevada are said to be poaching big business from the Golden State and a looming economic catastrophe is imminent under democratic legislative control, has been for years they keep saying and yet the sky hasn't fallen yet.

    Quite the opposite has taken place. Under Gov. Brown (and continuing under Gov. Newsom) a windfall of opportunity has led to huge economic growth for small and big business alike.

    From the Wall Street Journal

    Jerry Brown’s Legacy: A $6.1 Billion Budget Surplus in California
    The governor hopes to avoid the fate of predecessors who left office with big deficits

    California Governor Jerry Brown took office in 2011 with a $27 billion deficit and drastically slashed spending. In 2012, he staked his governorship on a tax increase that voters approved that year and reauthorized in 2016.

    The $6.1 Billion Dollar budget surplus that developed under Gov. Brown has increased and grown substantially to $21 Billion Dollars.

    Trump and republicans have desperately tried to slow down California's booming economy, but their efforts have remained unsuccessful.


     
       
  2. SC 1978

    SC 1978 Points Member


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    Jan 15, 2020 at 7:01 AM
    #2
     
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  3. August West

    August West Points Member


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    Jan 15, 2020 at 7:31 AM
    #3
    Fuzzy math.

    Sacto is doing it’s best to further the gap of rich and poor.....the middle class is leaving, that’s the issue.

    Private companies that generate the revenue, are not successful because of the govt, the are successful despite it.

    Currently.....

    Revenue is 591 Billion
    Debt is 539 Billion
    Spending is 631 Billion

    GDP to Debt ration is -17.42% or -13k per citizen.

    But yea, keep spewing the surplus BS.
     
  4. GaryB

    GaryB Junior Member


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    Jan 15, 2020 at 8:03 AM
    #4
    GDP for California is $3 trillion (5th largest in world) If tax revenue is 20% of revenue ($591b) everyone should leave. Your numbers are way off. Try again..

    The current budget has revenue at $150b, which on a per-capita basis is $200.00 more than that shit hole called Texas. Who wouldn't pay $200 per year to live in California instead of Texas?
     
  5. SC 1978

    SC 1978 Points Member


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    Jan 15, 2020 at 8:36 AM
    #5
    The jobs that are pouring into the red states, are they all being taken by illegal immigrants? LOL!
     
  6. August West

    August West Points Member


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    Jan 15, 2020 at 8:46 AM
    #6
    GDP is 3t. Not denying that. But no thanks to Sacto.

    Rest of the numbers are spot on. Facts are difficult to accept sometimes.
     
  7. August West

    August West Points Member


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    Jan 15, 2020 at 8:57 AM
    #7
    Different discussion. Don’t move the goalposts.

    California enjoys the revenue generated by private enterprise, most of which started before the Bolshevik takeover. It’s an undeniable fact that doing business in California is expensive and some companies do not want to move.

    But the facts don’t lie:

    https://www.bizjournals.com/dallas/news/2019/11/21/study-660-companies-moving-facilities-out-of.html

    https://www.abc10.com/mobile/article/news/why-are-so-many-people-moving-out-of-california-why-guy/103-18081895-8d66-4fef-9007-e340baa56756
     
  8. SouthbayTrojan91

    SouthbayTrojan91 Junior Member


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    Jan 15, 2020 at 9:00 AM
    #8
    • Largest homeless population in the country
    • Highest rate of poverty in the county
    • Shrinking middle class
    • More people moving out than moving in (and mostly middle class families)
    CA is a house of cards.
     
  9. Troyhorn1

    Troyhorn1 Points Member


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    Jan 15, 2020 at 9:10 AM
    #10
    ...fine...take the facts as stated above...riddle me this numb-nuts...why are my School District and all others in our area cutting millions of $ from our budgets...that is not a sign of fiscal solvency at the state level...Gov may have created the "surplus" referenced...but our statewide public school system isn't seeing any of that benefit for the past 2 years and for at least 2 more future years...:)
     
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  10. SC 1978

    SC 1978 Points Member


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    Jan 15, 2020 at 9:17 AM
    #12
    Per capita, Hawaii has the largest homeless rate in the country.

    web1_Homeless-Removal_0018.jpg
     
  11. August West

    August West Points Member


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    Jan 15, 2020 at 9:20 AM
    #13
    He didn’t say per capita, assfuck....,He said population. Which is a fact. And it’s not even close.

    You fuckin Leftists are the most dishonest turds to ever grace the planet.
     
  12. SC 1978

    SC 1978 Points Member


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    Jan 15, 2020 at 9:28 AM
    #15
    Do you think his statistic has anything to do with California having the highest population in the nation?

    Hmm, think about that one for a minute.
     
  13. Troyhorn1

    Troyhorn1 Points Member


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    Jan 15, 2020 at 9:34 AM
    #16
    ...sadly...a tale of Hawai'i...during Barry's term 70% of the population of Molokai' became hooked on some sort of federal welfare support...so sad to see this once beautiful island and the many businesses boarded up...drug abuse running rampant...school system literally failing...and real estate values dropping...this is what libs call progress...:(
     
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  14. Troyhorn1

    Troyhorn1 Points Member


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    Jan 15, 2020 at 9:35 AM
    #17
    ...first true statement you have made...congrats...
     
  15. August West

    August West Points Member


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    Jan 15, 2020 at 9:37 AM
    #18
    per Capital isn’t the discussion. Again, because you’re a dishonest piece of dogshit, you are trying to move the goalposts....per USICH.gov as of 2018
    California 129k
    NY 91k
    Fla 31
    Texas 25k
    Washington 22k
    Hawaii 6k
     
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  16. xuscx

    xuscx Junior Member


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    Jan 15, 2020 at 9:37 AM
    #19
    Can we order up a few hail storms to get rid of the homeless. Do you understand if you lived on the street in Minnesota you would die. Where do you think they will end up. Another dumb right wing argument
     
  17. SC 1978

    SC 1978 Points Member


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    Jan 15, 2020 at 9:39 AM
    #20
    Imagine how bad the situation would have gotten if President Obama hadn't been elected and wasn't able to save the U.S. economy from the brink of disaster.
     

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