On “Real Time” Bill Maher Rips Republicans Over California’s Booming Economy
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Bill Maher ripped into the GOP’s policy of cutting taxes for the rich on Friday night. The “Real Time with Bill Maher“ host said the state of California was proof that doing the reverse, and instead raising taxes on the most wealthy, could actually lead to a booming economy. The comedian gloated about how The Golden State, where “Democrats from governor on down control every office and voting body,” was now heading toward becoming the fifth largest economy in the world. “Thanks, England,” he quipped, in reference to the United Kingdom’s falling in the global financial ranks following its decision to quit the European Union in a so-called Brexit.
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The economy of California is the largest in the United States. As of 2015, California's gross state product (GSP) is about $2.458 trillion. The state's GSP grew 4.1% in 2015.
The U.S. Bureau of Economic Analysis reported last month that California’s GDP was $2.5 trillion in 2015, up 4.1 percent from a year earlier. California saw more economic growth than the United States as a whole, which was up 2.4 percent.
Only five countries produced more last year than California: the U.S., China, Japan, Germany and the United Kingdom. -
You're a bellend & not funny at all.
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California raised taxes on more than just the wealthy
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Have you ever face palmed while listening to something?!
To be clear, the following is from Economic data from Harvard, Stanford, and MIT.
California has 39 million people-42% larger than the 2nd Texas. GDP comparisons don't tell the whole story. Afterall CA immediate competitors are France, India, Italy, and Brazil. All have horrible economic records.
A more proper but not best data would be Per Capita GDP. CA would be 10th best state with Alaska and North Dakota being 1 and 2.
But the best would be accounting for the Cost of Living (COL) and the Per Capita GDP.
California has the highest Taxes, high utilities, high cost to regulations, and High housing. When calculating COL to the Per Capita GDP, Cali ranks 37th! That means only 13 states have a worse GDP.
California has the Tech industry. One of the freest market businesses in the world (fewest regulations of any business type) and it is the single thing keeping CA from being the worst state in the Union economically.
If anything, California is an argument FOR Conservative economic policies, not Liberal ones. Using California to make an argument for Liberal economic policies makes you sound uninformed, not accurate. -
oh no, the price of avocado is high! Trader Joe's is not reasonable enough for me! Talk about first world problems.
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With the CA sun and fields, fresh produce should be cheaper than anywhere else. IT'S NOT! Shopping for food in CA is like depositing your paycheck directly into Whole Foods. Even Trader Joes keeps going UP in price for things like avocados. WTF! They grow out here and the price is as more then it is in groceries stores back east. CA is a wonderful state, but it costs a shit load to live here. Not just rent; but everything is more expensive. You'd think there would be something, ANYTHING that was cheaper here???? NOPE!
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Cali Rules!!
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