California's Greek Tragedy

Discussion in 'Current Events' started by mlw, Sep 5, 2012.

  1. mlw
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    mlw Member

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    "No one should write off the Golden State. But it will take massive
    reforms to reverse its economic decline."
    (wsj.com)

    "...From the mid-1980s to 2005, California's population grew by 10
    million, while Medicaid recipients soared by seven million; tax filers
    paying income taxes rose by just 150,000; and the prison population
    swelled by 115,000.

    California's economy, which used to outperform the rest of the country,
    now substantially underperforms. The unemployment rate, at 10.9%, is
    higher than every other state except Nevada and Rhode Island. With 12%
    of America's population, California has one third of the nation's
    welfare recipients.

    Partly due to generous union wages and benefits, inflexible work rules
    and lobbying for more spending, many state programs and institutions
    spend too much and achieve too little. For example, annual spending on
    each California prison inmate is equal to an entire middle-income
    family's after-tax income. Many of California's K-12 public schools rank
    poorly on standardized tests. The unfunded pension and retiree
    health-care liabilities of workers in the state-run Calpers system,
    which includes teachers and university personnel, totals around $250
    billion [...]

    No one should write off California. It still has great strengths. And it
    can turn some of its short-term challenges, such as the pressures from
    ethnic and linguistic diversity (the state is now 37% Hispanic and 13%
    Asian), into long-term strengths in the global economy. But the
    political class must face up to the reality that services will have to
    be far more carefully targeted; the tax system overhauled with lower
    rates on a broader base of economic activity and people (almost half of
    all Californians pay no state income tax); and inefficient state
    programs reformed to spend less and produce far better outcomes..."


    Since the beginning of the eighties Mexicans of partly American-Indian
    derivation (Hispanics) and Asiatics have increased their numbers with at
    least 10 millions. The greater part of the immigrants work in the black
    market or with low-paid jobs. Only 1.5% of the recently settled
    population contributes with income tax to the California state economy
    while at the same time enjoying all the services (social, medicinal, et
    al.) that the state offers on account of liberal reform. At the same
    time, Whites have begun to leave California. In 1970, approximately 80%
    of the Californians were of European derivation. Today, it is down to
    40%, a figure that is projected to drop, while Hispanic and Asiatic
    immigration will continue.

    Despite the fact that world-leading economic centra (Hollywood and
    Silicon Valley) are located in California, the world's eight economy
    today suffers from a permanent budget crisis. Some debaters believe that
    these are the future consequences for the American nation as a whole.

    M. Winther
     
  2. ShootSpeeders
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    ShootSpeeders Gold Member

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    Another legacy of DIVERSITY!!!! 30 yrs ago CA was the richest state in america and then the politicians opened the flood gates and let in millions of low-iq latins, both legal and illegal. Now the state is a bankrupt third world sewer.
     

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