Quote:
Originally Posted by jtown,man
I think that's the disconnect. I don't see a state as successful because people are moving there for their "social services." By definition, they will be a net drain.
Let us be real here, California isn't bankrupt because of Hollywood and related industries, ports taking in cargo from Asia, the federal government, farming, and the lucky of-of lucky streaks...Silicone valley. The money from the incomes of those in the creative industry and big tech has sustained the state. It might not always be there like it is today.
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Hollywood and related industries: True, although you can argue that California culture has helped keep the movie industry in state
Ports taking in cargo from Asia: True, we got a lucky break with LA harbor. The Gulf ports in Texas actually ship more cargo though, so it's not just that.
The federal government: False, California pays out more in federal taxes than it gets back in federal services. We're actually subsidizing most of the red states.
The lucky of-of lucky streaks...Silicone valley: That wasn't actually just lucky, in the early 1960s California started investing heavily in it college systems (of which it has two). Today california produces more college graduates than anywhere else in the nation, and the bay area has one of the highest per capita populations of college degrees in the world.
If you really want to get into why California is so rich, it's the large college system that leaves the population well suited for the modern service based economy, and a culture that legitimately attracts a good deal of highly motivated and highly educated people to the state (California might be a net exporter of Americans to other states, but it's a net importer of people with college degrees from across the nation and across the world). Plus a good climate, which can actually be a large factor.