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re: All the California bashing here

Posted on 8/3/20 at 2:05 pm to
Posted by RedRifle
Austin/NO
Member since Dec 2013
8328 posts
Posted on 8/3/20 at 2:05 pm to
quote:

This article is more than 2 years old.


Hahaha. Since then California’s economy has exploded and it now has a budget surplus.
Posted by bad93ex
Walnut Cove
Member since Sep 2018
27697 posts
Posted on 8/3/20 at 2:08 pm to
quote:

This article is more than 2 years old.


How many companies have left the area in those two years?
Posted by The Goon
Baton Rouge, LA
Member since Nov 2008
1254 posts
Posted on 8/3/20 at 2:48 pm to
quote:

Hahaha. Since then California’s economy has exploded and it now has a budget surplus.


Most of the surplus was due to the state using a higher projected rate of return on the pension program. With the loss of revenue from Covid and the drop in the stock market, CA is fricked in the near and long term. Gavin is fricking idiot for closing down the 5th largest economy in the world.

Oil and gas is being crushed in California and tech is moving out ever day and exponentially faster now with remote workers fleeing to idaho or lower cost suburbs in Cali.

Their tax system is fricked as well and unsustainable as money is leaving the state. California was given a chance to make changes to shift from income taxes to other more sustainable, but instead the upped the brackets.

I'm out in September and never coming back.
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