What Went Wrong With California?

[@PBoyle]

Ad: 🔒Remove your personal information from the web at joindeleteme.com/BOYLE and use code BOYLE for 20% off 🙌 DeleteMe international Plans: international.joindeleteme.com

[@kungfujoe2136]

soylentgreen is ppl

[@Crembaw]

Would really like some better quality of data on these crime claims, Pat. I’ve lived here my whole life and none of that tracks with anything I’ve heard from people who actually live here regardless of politics. The only crime I’ve suffered my entire life here was the theft of my Warhammer minis.

[@morganseppy5180]

@@PBoyle the fact that individuals have to pay to clean up their information but banks pay nothing for data breaches is yet another clue that the rot is conplete in the US

[@morganseppy5180]

@@Crembaw you sweet summer child.

[@YuzuruA]

@@Crembaw I am glad that criminality can be explained singlehandedly by toughness on crime, no other factors envolved. It makes life simpler.

[@CanalTremocos]

Patrick finally picking a side on the East Coast / West Coast rap feud.

[@Zenith121691]

#PBoyle50 his promo code and street name

[@Snp2024]

Patrick only rap for mid west true america 🦅🦅🦅🦅

[@CanalTremocos]

@@Snp2024 Where housing prices are low and manufacturing productivity is high, yo.

[@justabaldguy]

Ah but he didn't choose this life, this life chose him.

[@FuZZbaLLbee]

Coming straight out of Palo Alto!

[@morgan3392]

Hearing that California singlehandedly has a larger economy than all of India is insane, and puts some things in perspective...

[@NEPALI-NINJA]

Who cares about India such a nasty smelly overcrowded wasteland

[@The_Quaalude]

Entertainment and technology rule the world 😂

[@maifantasia3650]

"Growing over half of America's vegetables, fruits and nuts." The dry humour is off the charts!

[@GeoMeridium]

One of my friends living in San Diego pays $2700/month for a 1BR and pays for a car because he has to drive to work. My other friend in Bangalore pays $130/month for a very similar apartment, and is driven to work by her employer, because that is common practice. Even GDP PPP is a pretty inaccurate tool for measuring the purchasing power of economies, except for imported goods that most people don't actually need to get by.

[@travisadams4470]

But not much cleaner if it keeps going on its current path

[@marianchicago4002]

Not sure if people remember or Patrick heard the story but 7-12 years ago, city of San Francisco was trying to build a public toilet in a park for the homeless, it paid over 1.2 million dollars to have a single toilet built, I believe like 3 different consulting companies were brought in, 2 architectural companies worked on it, it had to clear 5-7 different commissions including environmental impact, there were lawyer fees at almost every step, I believe the actual construction of the toilet was the smallest of the expenses to build the actual public toilet. California is a poster child for doing what sounds good instead of doing what works.

[@glfxfa5452]

Patrick Boyle cites the Economist, which recently endorsed Kamala Harris. Focus onhe politics. The plethora of dirty politicians who enrich themselves manipulating laws .

[@Sataka23clips]

Stupid woke leader ship😂

[@harrymills2770]

That's nothing. You should hear our committee argue over where the new Coke machine should go.

[@RobertLutece909]

This isn't a new problem. Years ago SF was trying to put in a half dozen public toilets. There was a French company that had a successful design installed all over the world. It was too small to sleep in, and the doors opened automatically after a set period of time, so it wasn't a good place to do drugs either. It cleaned itself between uses, and seemed like the perfect solution. But it wasn't wheelchair accessible, so the city paid the manufacturer millions of dollars for a larger version. Unfortunately the junkies figured out how to jam the doors shut, and it was big enough to stretch out in, so they moved in. IIRC, the city ended up tearing them out after less than a year.

[@OhNotThat]

So what works is no public toilet? I'm confused.

[@I_Am_The_Devils_Advocate]

24:22 "Designed in California Assembled in China Taxed in Ireland" 😂😂😂

[@jerryburg6564]

Applies only to large multinationals. If you’re a business headquartered in California, you’re fucked.

[@UlshaRS]

Registered in the Maldives Shelled in Delaware

[@SpentAmbitionDrain]

And now: Moved to Texas.

[@3komma141592653]

"Double Irish with a Dutch Sandwich" - A tool used mainly by United States multinationals since the late 1980s to avoid corporate taxation on non-U.S. profits.

[@cv990a4]

Yet California real estate prices continue to be in the stratosphere. It's always hard to reconcile the notion that a place is screwed or f*cked or whatever when the place you're talking about also has massively high real estate prices. It's like the Yogi Berra saying - no one goes there anymore, it's too crowded. And a ton of pepple have been talking about how it's unsustainable - for at least 30 years. So yeah, might be unsustainable, but might also stay afloat longer than most of us stay alive.

[@colineason8759]

"Over 419 thousand regulations" Patrick didn't want to say 420

[@stevozrepto5558]

. Get a ban for that 😜😜😜🍺☘️

[@mirzaahmed6589]

@@stevozrepto5558 April 20 regulations

[@matthewmilan6979]

Nah, he didn't want to say four-turdy.

[@dabeage]

Did you notice Texas was number 5? They don't pay income tax but how much you want to bet they will soon?

[@FictionHubZA]

So close to greatness.

[@chrisholbrook7117]

As an economic refugee from California I can really agree with all of this! It was a great place to live 30 to 50 years ago, but, sadly, it has changed for the worse. I miss it, but I am never going back. One thing that you didn't go into is the number of houses that were bought by investors, rather than residents. Over 20% of houses bought in many California cities are bought by investors who have no intention of ever living in those houses. As a financial market California Real Estate is a much more attractive investment than the stock market or other options!

[@mixn44]

BTC up 109 % YTD.

[@robertthompson0]

Sounds like US equivalent of London in terms of property.

Where are you now that's so great?

[@danimalfarm]

Very much agree on the impact of real estate speculators. They're why building new luxury housing isn't creating vacant housing. There are perverse incentives that reward corporate landlords for squatting on vacant property that can't be rented at their asking price.

[@jamesharkins6799]

Artificial scarcity​@@danimalfarm

[@kennyle8640]

I'm not homeless, so I can't speak from experience on the matter, but I do want to offer one possible reason why half the homeless are in the Golden state. If I were homeless, it's possible to live year-round on the streets of the metropolitan sections California. It wouldn't be pleasant, but survival is possible. The same cannot be said for, say...Maine or Wyoming. You'd die from the bitter cold. That fact alone would pay a large part of where I'd want to migrate to, if possible.

[@jacqdanieles]

Given that such a natural incentive exists, CA would be smart to create a disincentive to counter an influx from other states.

[@Danielle_1234]

@@jacqdanieles For decades CA's response to this was tough on crime, where homeless people would end up in prison, but then budget issues happened and it turned out CA was spending over 200k a year per prisoner, so the response was to reduce sentencing for non-violent offenders.

[@brook_angel]

​@@jacqdanielesman. You're saying you'd rather want them to die elsewhere... That's messed up.

[@kenw4930]

@@jacqdanieleslike what? Shooting homeless or locking them in prison?

[@tronpauli1475]

This only half explains it. Having good weather isn't new. So what changed?

[@Muljinn]

A couple other pressure’s on California’s water problems is their staggeringly wasteful approach to irrigation and their rotting water infrastructure. Not that many years ago, nearly 40% of the treated water in LA was lost to leakage and *nobody* was making any serious effort to fix that.

[@component9008]

The problem is that no politician wants to take water rights away from farmers, even though they use and waste most of the water due to the stupid regulations from hundreds of years ago.

[@dutchybag]

Sounds like you probably have, but if you haven't read Cadillac Desert, the best book on CA water

[@DonHavjuan]

Don't forget the homelessness making the place looks like a post apocalyptic wasteland

[@hiwind58]

Delta smelt.

[@shacktime]

The moronic landscaping practices across the state definitely don’t help.

[@famenycvp1]

I am a New Yorker living in CA for over 6 years now. Grew up in NYC - moved to LA for “weather & lifestyle”. Disliked LA and now living in coastal San Diego neighborhood. Cost is crazy - tax is nuts - policies are bonkers. I don’t deal with homeless because our neighborhood is very private and wealthy. From my perspective - the people that choose to reside here now are mainly doing this for lifestyle and quality of life. Basically if you can afford it good for you. The avg cost for a home in my neighborhood is over $1.5M

[@grega8875]

You think New York is cheaper? Try getting a two bedroom in billyburg for under 6 grand a month

[@NuNugirl]

I left NY for The Space Coast. Bikes, boards and boats are everywhere. No State income tax. It’s getting better every day. Even the eye of the hurricane that passed through my area did very little damage. You can have your California private wealthy neighborhood.

[@mjaybee]

North County!

[@Nichole-wd5ce]

@@NuNugirl and people like you are pricing out native floridians out of their cities and neighborhoods, congratulations. You messed up your own state and now moved to Fl to mess up a new one.

[@NuNugirl]

@@Nichole-wd5ce Jerlous much 😘 My very successful son who lives in FT Lauderdale just married a gorgeous successful Floridian.

[@DataIsBeautifulOfficial]

The only startup currently scaling in California is U-Haul.

[@Timpon_Dorz]

​@@rogermoore8977it got too blue. So he'll go to a red state and trying to turn then little blue. Stay where you are. Stay at the place you effed up and don't eff up our place.

[@banditkeithkingofduelmonsters]

@@rogermoore8977 What's a zombie in this context? Fentheads? Tranqwanks?

[@Snp2024]

​@@banditkeithkingofduelmonstersoverworked maybe ?

[@erloriel]

@@banditkeithkingofduelmonsters The joke may have been that zombies eat brains and that - if the zombies are moving out - the average Californian lacks this organ.

[@rogermoore8977]

@@banditkeithkingofduelmonsters I’m talking about old school zombies not woke zombies.

[@DeepakKutsa]

When you said “the arts” and showed and “NFT” 😂

[@michaelmoorrees3585]

You're not suppose to measure "art", the same way you do other things. That said, a photo of a dog turd is more artistic, than almost all NFTs I've ever seen.

[@jessy7093]

@@michaelmoorrees3585I judge art wygdo

[@martian8987]

@@michaelmoorrees3585 arguably a dog turn is more unique

[@HarryPujols]

And "immigrants" and showed Prince Harry.

[@MarcosElMalo2]

@@HarryPujols If he had said immigrants who came illegally, he could have shown a photo of Melanie.

[@MarkKal-y5l]

Living in CA for decades, I have benefited from education and the rise of high tech industries in the SF Bay Area. The biggest problem I've seen is too many people. The "mass exodus" is not big enough to reduce congession and environmental damage of over population. A growing economy with a decreasing population would be ideal in my opinion. The homeless issue and crime issues presented are decreasing in my experience, not increasing. They peaked right after covid shut downs. I think in a few years CA will still lead the country in income and budgets will be balanced from huge gains made in booming tech investments. CA will create sustainable businesses with less pollution. We want sustainable quality of life, not ever growing population. Just my opinion of the liberal agenda, worth what I charge for it.

[@Sub0x-x40]

I remember california when i was a kid... Seemed like a mythical place full of synth wave music, hot babes and eddie murphy

[@burtturdison4445]

That was the 80s and 90s. When Baywatch was on TV

[@barrydworak]

It was still the land of opportunity then. It seems mythical now, but I was there.

[@zackaryfrancisco2795]

Growing up San Francisco was able to me as a 90s kid as the mythical American dream. Lovely homes, safe, clean, stunning views, friendly neighbors. No one ever mentioned the street poop.

[@barrydworak]

@@zackaryfrancisco2795 poop wasn't there in the 1990s. I was there a lot then with a girlfriend whose mom lived there. Beautiful city then.

[@SirBlackReeds]

You should have seen all of the sleepy beach towns in the '60s and '70s.

[@laraharrison-stow3403]

OOf that apple taxed in ireland gag is gonna win you a letter from a lawyer written in helvetica

[@martian8987]

with a side of wingdings

[@Yoshikaable]

​@martian8987 Windings is Windows dingbats, I wouldn't be surprised if that's illegal in the infinite loop

[@MarcosElMalo2]

I think Helvetica has been deprecated in favor of San Francisco and San Francisco Pro. Say what you will, but at least it’s not grotesque. 😉

[@obtuseangler768]

@@MarcosElMalo2 I've been handing my stuff over in Bahnschrift lately. I'm really a blue collar guy, it's less nerdy/easy to read and nobody's complained yet. Not that anyone works in 'complaints'

[@whazzat8015]

Helvetica, that's a Swiss font no?

[@SlavikChiley]

Okay, the dry "fruits and nuts" jab was hilarious. 0:15 Credit where credit is due.

[@josephfarrell6978]

This is my favorite rap news channel.

[@JRRodriguez-nu7po]

At 1.5x

[@FictionHubZA]

They call him the drink.

[@jakeforrest]

⁠@@JRRodriguez-nu7po I tried 1.5x and it works as a charm

[@Rudini5]

​@@FictionHubZAThey call him the what? A beverage of sorts?

[@FictionHubZA]

@@Rudini5 He he was a kid they called him the juice box. But, now he's the drink.

[@Mobius_Pizza]

I moved from CA to MI, losing 10% salary, but has housing cost slashed by half, gasoline cost slashed by half, general living expenses down by 20%,, and is much happier with life in general. The schools are better with longer hours more suitable to working parents too.

[@jsizzlesaurusrex]

Shh, don’t invite anyone else

[@michaelmanning5379]

And winter for four months of the year. Snow pants rather than board shorts in January.

[@kakashigaiden111]

You couldn’t pay me to live in Mississippi again

[@TheBackwardsLegsMan]

@@kakashigaiden111 That's good because MI is Michigan, not Mississippi.

[@MahdiKnicks]

@@TheBackwardsLegsManhopefully it’s not detriot lol

[@markrichardscaliforn]

Born California .Joined the military at 17, saw the world. Went to college in California, latter traveled the world. Worked 30 years freelance, saw the world. One thing not said enough, the weather, the beauty, the land… nothing like in the world in one state. I have a more than one bad health thing. I still run at night on California trails, on California land… with California weather. I love California. I am sorry for all people’s issues here. Lived in Texas lived in many a state… many only weeks at a time, all nice… but they weren’t California. I have been lucky, I have made mistakes… so has California…. I am still here Going to the beach, running in the hills.

[@TheJamonLance]

Yo, it's Patrick Boyle, the finance rap king, Talkin' 'bout Cali, where the tax man stings, People packin' bags, headin' out of state, Cuz crime on the rise, and the rent's too late. Homeless in the streets, man, it’s outta control, Regulations got 'em stuck, losin' all their soul, From Silicon Valley to L.A.’s shore, Folks sayin', “I can’t take it no more!” Boyle’s droppin' bars, mixin’ knowledge and facts, Rappin' ‘bout taxes that hit like an axe, If Cali don’t change, the exodus won’t stop, So listen to the finance king when he drops!

[@ВладимирКруглов-к9о]

Needs much more likes.

[@noellecannon1411]

This comment was generated by CoPilot AI haha jk Fire bars 💯💯

[@williamrossetter9430]

No one calls CA "Cali" if they live there, pal. Get the lexicon right please: SoCal, OC, NorCal, etc.

[@JCDenton3]

My family went to Las Vegas from LA in the early 2000s shortly after 911. We had no future in CA, but in NV my mom was able to buy a house on her income alone after my dad passed when before the two together couldnt afford anything in CA. Social costs existed too, they had 2hr plus commutes to work each way. I was literally raised by my nanny, and knew more spanish than english and thought she was my mom because I never saw my real parents. NV was not perfect, I eventually moved on, but it gave two and then one professional a better shake than CA did, and put me through college virtually debt free (10k only) with state scholarships and other support. I hope California turns it around, there isnt a more beautiful place in the country, but things have to change.

[@dutchybag]

I live in far north California, near Oregon. The best geography in the country

[@PaulVerhoeven2]

This in CA are changing and will continue to change, to the WORSE like they have been for 30+ years.

[@js-gc2hk]

@@dutchybag i live in south California, near LA. the worst geography in the country where we see people on the streets living in tents is the only view I'm getting while driving on the freeway and on my way home

[@The_left_hand_pillar]

I've only been to LA and it's an armpit, nothing even remotely beautiful

[@random_bit]

Californias main problem is NIMBY-ism and overtly corrupt legislation that gets severely watered down in favor of the industry special interests. The problem is never regulation, the problem is always who pushed the regulation and how it ultimately affects the environment surrounding it. Deciding to move away from Oil isnt problematic, but what is asinine is how they didn't promote the creation of Nuclear plants to offset the energy demand. Solar and Wind will not supplant that power need alone, especially with how costly the land already is.

[@brenolad]

Those CA unemployment statistics are way off. Many high-skilled gig workers who were previously employed at Hollywood studios have no work. The entertainment industry is at an all-time dismal low, and those freelance gig-workers aren’t considered in those unemployment statistics. The unemployment rate in CA is far worse than what’s on paper.

[@lightworker2956]

People who have stopped looking for work, or who haven't been able to find work in some time, or who are severely underemployed, are all excluded from unemployment statistics.

[@gamesguy]

The entertainment industry mostly moved out of CA long ago. And the U6 unemployment statistics does include them

[@shacktime]

The so called gig and sharing economy is the most blatant employment scam I’ve seen in my lifetime and one of the most egregious in the nation’s history. It has added significantly to the state’s working poor and working homeless population.

[@eriklondon2946]

Correct. Unemployment doesn't count you after you are unemployed for 1 year or more. You want to look up "Labor Force Participation Rate". But basically all the numbers coming out of Leftist states are lies, or arn;t being counted anymore. Like crime rates in SF. People just stopped calling the police, because it takes them 3 days to get to them.

[@SM-nz9ff]

Well they keep hiring for a modern audience that doesn't exist so they can unf_ck their politics and learn how to life

[@natest.laurent1602]

the water shortage doesn't just hurt agriculture. it directly impacts residents with obscene water bills. i left the state ten years ago, but back then my water bill was more than my electric, internet, and recycling combined. also it's hard to overemphasize how wild the housing market is.

[@DwightStJohn-w1l]

the Chinese suitcase money left about ten years ago when dad passed in the San Gabriel Valley. In our safe community in north El Monte there is NO rentals and few sales, but house prices are steadily up. The elephant in the room is the underwater homes (the list is public on a map) that date back to the credit crunch almost 20 years ago. rather than leave and screw their credit rating, families and extended members stayed, but the BANKS have owned the places for those years (i.e. the people pay a mortgage so on paper they "own@ but not really, so what is happening?? No MAINTENANCE. Those homes are becoming "droppers", lot value. A couple I've known since HS have just had their house marked uninhabitable by the city, they're OUT. A few months later, Richard died and it's all feral cats now. surprised squatters have't found it, but it's on our quiet cul-de-sac!!! this isn't going to end well, and it ain't over until it's over.

[@dw3403]

They have HOA's that will not allow zero scapes. In other words, you can't grow what naturally grows in the state. You need lawns, and plants that need water to survive.

[@lesp315]

I live in California and the water bill was never higher than electric. Maybe you had a farm or an Olympic size swimming pool. Sounds like a BS.

[@natest.laurent1602]

@@lesp315 how wonderful for you. and no, i lived in a tiny apartment with 3 roommates in san fran. we made a house effort to take short showers. i don't have receipts to prove it in a random comments section, but it was the case; my water bill was nuts.

[@lesp315]

@@natest.laurent1602 No Way.

[@Stan-b3v]

Excellent breakdown of the basic issues, thank you.

[@TheMowgus]

Argentina had a Batchelor tax?! This deserves it's own episode!!

[@rahulat85]

US have it too. It is called single filing.

[@PeterT-i1w]

@@rahulat85 it's still a lot cheaper than alimony

[@rahulat85]

@@PeterT-i1w Alimony is never cheap in California. Damm many prenups also can be thrown out.

[@adamm2716]

what's wild is i gotta pay for their schools even tho i don't have kids and the school fail at educating

[@BetaBuxDelux]

@@adamm2716 Americans is getting dumber. 🤣

[@melh937]

Your dry humor is immaculate.

[@joseaguirre744]

he’s an ai

[@davidmoores7608]

@@joseaguirre744 Absolute Irishman?

[@SigFigNewton]

If you watch carefully you can see his lips becoming more chapped over the course of each video. He takes breaks from humor to rehydrate his skin.

[@eliethia_munay]

@davidmoores7608 💀

[@DanielVasoff]

Patrick, very insightful as always. I would like to ask you to share with us some analysis on BRICS, its potential and future influence on the world scene. That might be really interesting, especially coming from you 🙏🏻

[@DaveNarn]

I don't know if California is running out of oil as you say. I do know that drilling has been limited due to permits not being approved until the drill company runs out of money during the waiting period and leaves. California's legal actions has been shutting down refineries. The goal is to be oil free and all electric by 2035.

[@hereforthechips7710]

California has a huge oil field in Los Angeles/Long Beach. You just cannot get to it because it is built out.

[@larrym2434]

Oil companies create artificial scarcity of gas additives that are mandated in California to keep California gas prices high.

[@ThisDique]

​@@larrym2434a south Korean oil company has exclusive rights to air rate the gas. Most of the oil doesn't get made and used here. It's imported. Anything produced in CA is supplemental to that if it isn't sold elsewhere.

[@sprezzatura8755]

Rumor has it a 49 cent tax increase on gasoline is forthcoming. Almost everyone is in favor of cleaner, sustainable energy and transportation. But there is a rational way to engineer the transition. California government has no clue.

[@catalinacatg8861]

The refinery in Port of Los Angeles is shutting down in next few months. Get ready for gas to go up again.

[@wisenber]

That budget surplus that went away two years ago included $54B in direct funding for COVID. California received more than $500B in total COVID spending. The problem is California (like many states) didn't treat the federal windfall as the one time thing it was and instead expanded their spending to consume it.

[@franciscosariles]

Put the money to use, not helping anyone in the coffers. In 2022 45/50 states are running without deficit.

[@wisenber]

@@franciscosariles Most states didn't create permanent new programs with temporary money. California did. Meanwhile, several states have been looking at their current surpluses and trying to find ways to lower taxes. The federal COVID spending in 2021 when the economy was already recovering also poured fuel on the inflation fire. Not borrowing the money needed to fund it would have accomplished more.

[@Orson2u]

@@wisenber -SURE, one can see all the new bridges and mended roads, improved water needs, energy investment, and active environmental management of fire….NOT!

[@wisenber]

@@Orson2u That was the ironically named "inflation Reduction Act", not the mega COVID stimulus that created the inflation used as an excuse for more spending the next year on the IRA.

[@lijay1]

re-check those numbers. California did not get a half trillion dollars. It was about 3% of what you said. Like 15 Billion. lol.

[@chunyuenlau56]

California is the best example of just because the economy is big it doesn't mean it's a good place to live in.

[@gugy68]

It’s a great place to live. Not every place here is like is portrayed in the video with homeless and violence everywhere. Yes, it’s expensive and we have lots of issues however the weather, people and scenery are fantastic. We need a reset especially with the government we have but if I leave is to go overseas. The entire country is going through many of the problems shown here.

[@FullLengthInterstates]

A big issue with balanced budgets is politicians are always pressured to return the surplus to constituents. This sounds nice but puts your municipal and state governments in the same precarious situation as individual households and high risk businesses that all live paycheck to paycheck. Countercyclical spending is impossible if the organization isn't allowed to save. A strong government needs both the ability to collect high taxes, but also the ability to hoard the revenue for a rainy day.

[@martinr2040]

good point! greeedy effin boomers!

[@101realtor]

Not even always pressured but the huge surplus we had during covid was legally required to be returned to the citizens due to some law that was previously put in place.

[@jimfoye1055]

Dude, lay off the Keynes.

[@Beholderost]

@@101realtorthat’s insane

[@bubbajones5905]

....but politicians DON'T save surpluses, they just expand spending programs.

[@beatenbytheclown]

As someone who lives in London, not exactly a cheap place to live, my eyes watered at my grocery bill when I visited my sister in Berkeley in 2022. Average earnings in the state might by nominally high but the cost of living is astronomical. Whilst there my sister wanted to renovate a small en-suite bathroom and was quoted $164k.

[@randomnobody8770]

This makes no sense. I've spent plenty of time of time in both places. CA famously produces TONS of food; the home of Trader Joes. London grocery is WAY more expensive than Berkley/LA/SF ime. I just looked at data by state and CA grocery is almost the same as FL.

[@shane_rm1025]

You don't have to shop at whole foods 😂

[@mikes-wv3em]

thats why costco and aldi are so popular. i have no grocery problems.

[@brandoncarpenter9681]

You must have went to Berkeley bowl, amazing produce, but expensive everything else. Yes quality food in California is very expensive. Can still find crap food for cheap.

[@metaleggman18]

The costs for renovation were because wealthier people had extra money during the pandemic since they weren't traveling and going out, which lead to a lot of contractor work. When demand spikes but supply is the same, prices go up, simple as. It's been bad enough even trying to get someone to want to do the work can be difficult.

[@therowofboats4840]

I don't know this to be fact but as a Californian I feel as though housing has become a sink for big business investing-especially given the climb in housing cost here. It's impossible to beat out cash offers by big business on homes and many of the people I know looking to buy have had this experience.

[@ProdigalSunTzu]

Larger companies here have used regulations to crush smaller ones. Years ago large dairy firms were supporting regulations which they should usually be against. But in this case they knew small family run dairies couldnt afford to pay to upgrade. Once the regulations passed some conglomerate showed up to my grandparents dairy offering to buy it since making upgrades was so expensive. If that wasnt already bad enough the state took some of my grandparents land for that fantasy bullet train theyvw promised to build for over a decade

[@CopingContinuous]

Now if only the state would take over that much more efficient diary production and return the benefits to californias via public welfare programs?

[@moth.monster]

Yes, fast trains. A magical fantasy device from the impossible to imagine lands of "Japan" or "France"

[@sixfiftyfive2386]

Errrrr welcome to reality - this is how regulations are always used. A balance needs to be struck between public concerns & stifled innovation - there are no "solutions," there are only tradeoffs.

[@SigFigNewton]

Lack of competition and companies growing larger has been especially pronounced since Reagan weakened antitrust

[@SusCalvin]

I usually look at how farmers are organized. If they are not, others get a lot more say.

[@carrotblog1746]

I live in Vietnam, the biggest city in our country have the house price to income of 37 and people still believe number only go up. I feel so frustrated

[@The_Quaalude]

You better do all you can to move fam

[@ryanshaw4250]

The western buyers are responsible on this one.. This actually started in California, they they took their massive real estate asset values and bought the hell out of the US west coast which then caused a tidal wave of 1 million dollar homes. Now people who live in a crappy house that is literally in a barren desert like southern colorado or utah can buy a housing complex in your country or even places like Japan if financed. The bubble will not die until global depression and its all a finance game/bubble.

[@mamotalemankoe3775]

Yeah the South East Asian multiples are insane. Some cities have 40× or more income multiples. Absurd stuff.

[@skyak4493]

@@mamotalemankoe3775 Everyone is focused on the evil of housing affordability, but nobody dares questions the sacred cow of urbanization. Housing cost is not unaffordable, the location is unaffordable. The problem is componding the “fertility crisis”. Our most “successful “ youth must go to cities for high paying jobs and desirable mates. Once they are there, the cost of living and culture sterilize them. You think city and state budgets are a crisis? Take a look at how much of the “income” being taxed is cap gain/inflated price, and how much of the spending is deficit social services promises. The reality is that we can’t afford to live as we do and not grow.

[@DwightStJohn-t7y]

Viet co-worker in Canada told me he's housed is parents in a 400,000 dollar home in Vietnam. !!!

[@stinga_]

This guy knowledge, comedy and sarcasm is unmatched 😂

[@JuanSmithers]

Very few of my friends currently live in my hometown in California because it's completely unaffordable. The only way I can think of that I could someday live there is if I inherited my parents' house. However, very few of them actually like living in the places they've moved to. As my friend, who moved to Ohio, put it: "it's worse in every way except my rent is lower"

[@machtnichtsseimann]

In heavily Left-Woke-dominated areas of California, it can be very intolerant for individuals who disagree with their ideological extremism. The Left used to be about Tolerance and Free Speech, but for many years now that has been eroding to the point of utter hypocrisy. ( There was a video from a news station in the Bay Area of locals being absolutely hateful in wishing former president Trump should have been @ssassinated. That's some ugly and dangerous sentiment, no matter who you are against in politics. ) It's a given that California is a blue state, but that kind of fanaticism coupled with Dems that are too scared and cowardly to speak out against it makes the state's politics an ironically backwards place to live. ( For where California IS tolerant in a good way, that is fair to say and appreciate. ) Plus, yeah, real estate and rentals in general are a completely different world of cost compared to most of the nation.

[@cdorman11]

"I'd rather be dead in California than alive in Arizona."

[@twelvecatsinatrenchcoat]

Good, I'm glad you don't like it, stay out. We don't want you in our states. Seriously do not leave California, no one in the rest of America wants you.

[@cavejohnson4054]

What’s there to love in California?

[@Nichole-wd5ce]

@@cavejohnson4054 Nature and weather. At least near the coast and in the mountains. Plus, it has been well-developed when it was the richest state in the union - and it is still years ahead of other major cities like Houston.

[@sicksock435446]

Interesting video. I'm surprised you didn't touch on California's vibrant Rap scene. Part 2 video maybe...

[@RacingVagabond]

Would love a history of rap doc narrated by Patrick.

[@emma_tm]

part 2 is in this video actually, it's just told through double entendres you missed

[@scottlangley5596]

​@@RacingVagabondomg the dry wit and delivery of words that have never left his mouth before would be amazing.

[@bokkenrijder172]

…or the corn industry…

[@borghorsa1902]

(c)Rap scene, known in other parts of the world as Donkey Music

[@aliasxy18]

He’s spot on. I’m a Californian and unfortunately it’s on a steady decline because of a combination of weak policy on crimes, lack of leadership, and unnecessary spending. The state is in a massive debt.

[@CrescentRollCarl]

That Elon photo had coffee coming out of my nose.

[@Johnwashere-dt2ov]

Lucky for you and me it wasn’t a full body photo.

[@steveburke7675]

...that boy hasn't seen the sun in decades.

[@ВладимирКруглов-к9о]

Ew disgusting! No need to write that here!

[@Yoshinomic-hm8hf]

They edited out the supermodel tsucking on him

[@president2887]

😂😂😂😂😂😂😂

[@janibeg3247]

We have friends that moved out of California to get away from high taxes but we have relatives that moved to California to be near the beach.

[@MakerInMotion]

There's plenty of beaches that are not in California.

[@mechanicalmonk2020]

I moved out so I can afford a house. Not a day goes by that I don't think about going back. Just need .... LOTS more money before I can make that move

[@justinmiller7150]

@@mechanicalmonk2020we moved back from Denver. It was worth it.

[@Dafty2k]

Yeah if u look at it California is literally Garden of Eden , a Paradise!

[@SigFigNewton]

@@MakerInMotionare these beaches warm year round and safe from hurricanes

[@LetsYouTubeThanks]

King video, Patrick. Very informative, thank you so much.

[@SebastianJArt]

It’s worth noting that building regulations must be stricter in California due to earthquakes and larger building are “over-engineered” compared to rest of the country. $$$

[@jed1nat]

I also think California is the only state with its own electrical code book, lol...

[@jeffb1880]

This is the first video from this channel I have watched. Thank you for NOT just giving an overly simplistic ideological polemic like most videos that deal with economic or political issues on KZbin. I want well reasoned and researched information that isn't looking at the world through an ideological lens. And I think you succeeded with this video.

[@vissermatt1058]

i would recommend watching his forbes young entrepreneurs video. its pretty good. "forbes has a fraud problem"

[@MarcosElMalo2]

You’re in for a treat as you go through the back catalog.

[@media4amigos]

"I want well reasoned and researched information that isn't looking at the world through an ideological lens." Ahhh, the Reasonable Centrist- a self-stylization that absolutely does not exist. exactly the type of person to drift further and further right as they accuse everyone else of being crazy leftists. i think you should try to mature out of this naive delusion.

[@tom_olofsson]

Putting Collectivists in charge is what went wrong.

[@davidcobb464]

States and cities are up and down. I remember when Pittsburgh was in the dumps, then the best big city in the country. The benefit of being older is to see cycles. By the way, it is the only benefit.

[@Erik-rp1hi]

I've lived in the beach cities of LA all my life. It has gotten bad. The weather is the only thing going for it. Fires are ruining the mountain living way of life also. I sold my home for 2.25 million in 2020 and now living in my machine shop, 8K sq. ft. with prop 13 taxes on it at $10K. Living off the home investment money is super easy now.

[@davidharris1530]

To me, its kind of sad that as a buisness owner you had to sell your fine home and now have to live in your shop in order to stay in that state. That's the problem with that place, they can keep thier scenery. Im never coming back.

[@iruns1246]

Palantir moving out of a state sounds like a sign of that state going the very opposite of wrong...

[@SirBlackReeds]

🤣 If only it were that simple.

[@TheValarClan]

The housing issue is countrywide. Yes California probably has a lot of issues, but I don’t see it as regulations that are the problem, but rather the monopolization by private firms for what should be residential properties. They have moved into the industrial properties by becoming rental by companies much like Black. And there is of course the collusion that is occurring between the properties with a software app that various property owners have put themselves in, the proper amount to rent and if you decide to go down, you have to argue your case for going down and up or face. The possibility being kicked out. Both of these should be under the investigation for monopolization and that should help a lot

[@computron5824]

No, the housing issue is not the same countrywide as it is in California. The property tax structure is incredibly bizarre which distorts not only the market value of housing, but creates scenarios where people with mansions could end up paying less in taxes than people with shacks. Neighbors on the same street with similar houses could be paying wildly different rates. On top of all of this, environmental laws have been used to block construction which further distorts the value by creating artificial scarcity. Simply put, in the majority of other states, if you own a "million dollar house", you're going to be paying for it. Blackstone and rent price fixing have nothing to do with this.

[@Croz89]

@@computron5824 It also discourages moving home, which causes all kinds of problems, including making development more difficult.

[@apersonontheinternet8006]

Institutional investors make up 3% of the housing market. Prices are the way they are because of idiotic regulations and illegal immigration. People like you need to learn to stfu with your brain let takes.

[@SirBlackReeds]

The problem is a real lack of reforms to zoning laws. Oddly enough, Scott Wiener of all people supports reforms.

[@Croz89]

@@SirBlackReeds I think the property tax structure might actually make it much harder to reform zoning laws. Say you're a family in suburb X and the city wants to rezone suburb X. This means that your neighbourhood of single family homes is going to have apartment buildings and complexes sprouting up all over the place. You really don't want to live next to an apartment building, you think it would ruin your environment, and you definitely don't want to live in one of those apartments, you're not a couple in your 20's any more. So you have three options: You give in and live in misery, not a great option. You move to suburb Y which is still low density zoned. Not ideal, it would be expensive and disruptive, the kids will probably need to travel further to school, but if you could sell for a good price, especially as the land is now more valuable, you could bear the one-off costs. But because the property tax is recalculated when you move, you can no longer afford a like for like property, because you have a permanent increase in your tax outgoings. So all that's left is to fight tooth and nail to prevent the rezoning in suburb X, hence zoning reform becomes an immense struggle.

[@uselessfacts-nd7pj]

Your insight is always fascinating!!

[@andyerwin3535]

It started with gray Davis, then Arnold then Jerry brown, now Newsom, it's been in a death spiral since the mid 80's

[@web9529]

13.3% state income tax at $1million+ doesn't seem high from the pov of a foreigner. It's actually lower or at par compared to every Canada province...

[@TANK-qi5wg]

That says more about Canada than it does about the United States. Also, millionaires in the state are expected to pay federal income tax in addition to state income tax. Compare this to states like Texas, that have a 0% state income tax.

[@notme222]

State + Federal in California or New York is 55%. That's higher than BC or Ontario at 53.5%. Had Biden gotten the increase he asked for earlier this year, it would have reached 59%.

[@JustAnotherLoverOfMusic]

@@TANK-qi5wg however Texas has the fifth-highest property tax load in the country. "In fact, when the total tax burden levied by each state is taken into account, Texans pay a higher percentage of their incomes in taxes than Californians do-quite an accomplishment considering that Texas has no personal income tax. The cash to keep the state operating has to come from somewhere, so Texas makes up what it misses by not collecting income tax by slamming its residents with relatively high property and consumption taxes." from Wallet Hub

[@Tokamak3.1415]

That's the state tax ON TOP OF the federal tax. If you owe 33% rate to the Fed, and 13% to the state you're now at 46% total. Just south of Vancouver in Seattle, WA the state income tax is 0%.

[@larrym2434]

At least Canadians have their health insurance covered.

[@JohnMaxGriffin]

Recently began my move from Florida to CA and have spent a lot of time in CA recently as a result. This analysis is 100% spot on.

[@jm5522]

You should go back tbh.

[@JohnMaxGriffin]

@@jm5522 Yep hypothetically I should. I love the part of South Florida I live in. It would be better for my financial situation and I’d be happier. But unfortunately my girlfriend’s career isn’t possible to pursue very far in FL, and I also wanted a career change that is facilitated by me being in CA for now. I could go back to what I was doing before the move, but she can’t. I will be keeping my eyes peeled for opportunities to go elsewhere in the future. And I think part of being an American means experiencing all the various parts of the country. CA’s culture and politics, regardless of whether I align with any of it, is worth understanding. Like Patrick covered in the videos there is both good and bad. And despite its faults, it is a naturally beautiful place and there are some cool hobbies that are more accessible than in FL. I think the natural beauty is part of the reason they’ve been able to get away with all the bullshit without everyone leaving up until now.

[@SirBlackReeds]

@@JohnMaxGriffin How long will that natural beauty even last? Those wind turbines are eyesores that kill wildlife and there's a littler problem. Simply put, the environmental regulations aren't that great at preserving the environment in practice.

[@JohnMaxGriffin]

@@SirBlackReeds I hear you. But honestly after driving through West Texas to get here, the wind farms in California seem small and insignificant. The wind farms in Texas extend from horizon to horizon for hours and hours of highway driving. In the context of the entire natural beauty of this country that I witnessed on the way here, the several dozen wind turbines east of Livermore didn’t bother me. But I can definitely see how if you grew up with those hills or saw them without the wind turbines, it would be kinda sad to see them modified. And I’m sure they’ve put wind farms in other places that shouldn’t have them.

[@Tristan_Sylvain]

Patrick Voice is deeper than usual, this means this is important

[@ElectronicWitchcraft]

My main OG rap and rapping homie in the house.

[@eddenoy321]

Patrick grew up on the mean streets of Boyle Heights.

[@DwightStJohn-t7y]

and graduated from East Los Angeles junior college with an Associates Degree............in Chicano Studies.

[@Cristian-ek7xy]

The best channel when having trouble to fall asleep, it cured my insomnia, better than ASMR. Thank you!!!!!

[@nunyabidness117]

California gas tax is 69.8 cents/gallon, not 60 cents.

[@mechanicalmonk2020]

Nice

[@ILoveTinfoilHats]

It's about 3x that in Canada 🥲

[@PlagueGuy]

Nice?

[@michaelmoses8745]

Nice (?)

[@djmit44]

A little less than 70 cents?

[@Lucie.Greening]

Well rounded video. Thank you, Patrick!

[@Loady420]

Very informative

[@fozzir]

Family of 5 here in San Diego. SDGE $550 a month, Gas at $5 a gallon, $350 a month. Don't get me started on groceries, auto insurance, propositions added to the property tax bill etc.. $ gets spent like the wind.

[@alcoyne3333333333333]

Im just back from another holiday in American. Never again. You people need to stand up and fight your government on prices and taxs .

[@gamesguy]

Sdge 550 a month and you haven't switched to a solar PPA? You'd cut that in half. Property tax is lower in CA than most other states, especially Texas.

[@fozzir]

@@gamesguy Solar, lol wit NEM 3, it's DEAD, batteries alone are 45k, ask me how I know and the warranty is only 10 years, then you have to get new ones. I said "propositions added to the property tax bill" not the property tax bill itself. Those propositions have doubled in in the last 5 years.

[@gamesguy]

@@fozzir Did you read where I said PPA? It's free, you pay nothing. You just agree to buy power from the solar company at agreed upon contract rates that are much lower than sdge rates. Why in the world would you need batteries? So you're complaining about something irrelevant, got it. All these propositions add up to like 0.25%. Meanwhile other states pay 3%.

[@MarcosElMalo2]

@@alcoyne3333333333333 The government doesn’t set prices.

[@andrewsalmon100]

Thanks Patrick. More fine analysis.

[@cosmicdonn5009]

It has been debunked that companies and workers have been leaving in great numbers. The coming and goings fit largely within traditional migration waves. The truer pattern is that people are moving from high priced urban areas in CA to lower costs of living in medium sized or rural areas. When companies leave because they are 'fed up of the regulation' they often return because of their inability to attract skilled talent. Ironically they pay more to return because someone else moved into their spot and they need to rebuild the physical facilities and this time to spec. People make these regulations because they want to live in a clean and just environment. You can try to run away if you like, but don't be surprised when the people unite to claim the protections and standards that Californians enjoy.

[@95K-y2n]

As a Californian who decided to live in a lower cost of living state and subsequently I enjoy a higher standard of living with the same profession. It has been a trade off for sure, but a worthwhile one overall.

[@AEVMU]

Lived there for the first 38 years of my life and in many ways I had it better than all but the wealthiest residents. I left and have never looked back. The crime, cost of living, and absurd pace of life are a problem, but for me its the people. Almost everyone is either extremely materialistic and completely fake and shallow, or just severely out of touch with what matters in life. Ego, money, power, active image maintenance, and physical things, are way too high on most peoples list. Very very few people even know what being content means. They trully think they are happy, but they have no clue that daily hapiness, which can be bought, is not the same as being content. California is quite frankly absurd. CA is good for the ultra wealthy, but if you are that wealthy, there are better places in the world to live/buy residence.

[@wimvanaerde6249]

They are spiritual poor, am I correct? Greetings from belgium

[@Quantris]

I put to you that this is not true everywhere in the state. It is a HUGE place.

[@slartibartfast1268]

The picture you paint with your broad brush is ridiculous.

[@SirBlackReeds]

@@Quantris It's true for the coast. Sadly, the indland's never going to become part of Nevada.

[@The-House-Cat-777]

@@slartibartfast1268 have you ever picked up a paint brush?

[@ichifish]

Very well-balanced discussion, Patrick. That's what I come to the channel for. One point I want to mention: because the economy of California is so large some regulations that California pioneers, like automobile fuel efficiency and safety, in effect become the nation's regulations because manufacturers don't want to have two separate markets. Many of the regulations that people get up in arms about when enacted have become the ones people want.

[@chubulu9842]

@Pboyle, who’s your tailor? Would nominate you for best dressed KZbinr 😊

[@vulpo]

I didn't know about the UC System. That explains a lot. I wonder why everyone isn't doing this.

[@MarcosElMalo2]

The UC system is tops. The Cal State system is not far behind, as good or better than other state schools and competitive internationally. On top of that, our community college and city college system is pretty good at preparing students to complete their 4-year degrees at 4-year universities. What is missing is a strong vocational education system, but this is also a problem nationally.

[@hockeygrrlmuse]

Yeah, I recently worked on a report that touched on the Master Plan for Higher Education, developed in 1960. Community colleges feed their top students into UCs and CSUs, and local high schools get priority admission to both of those systems as well. Community colleges are extremely affordable, about twice as cheap per unit as the next state - and San Francisco even has a program for city residents that ends up being about $40 per semester (textbooks not included, of course). There is certainly some administrative bloat happening, with university presidents & other high-level staff receiving absurd salaries while paying their actual teaching staff barely above a living wage, but as a whole, the system is super impressive and remains a high-quality education system serving a considerable student body.

[@SirBlackReeds]

@@hockeygrrlmuse Or is it? 🤔

[@rexxpowercolt]

Thanks Patrick your videos are awesome

[@BrownStarKachina]

Since we're talking about California, why doesn't this video have a prop 65 warning?

[@Therecouldbehope]

Patrick, the answer is simple; we live as residents in south Florida for 8 months and Point Loma during the summers.

[@ryfreedman]

I’m always looking forward to the next video!

[@stevenb2022]

Well done Patrick

[@somedudeok1451]

To me this signals that the root of the taxation problem is that so few individuals own so much in the first place. If wealth was more equally distributed, tax income would not need to rely on a few insanely wealthy people who see the state/country as not a home but a just partner in a business deal that can be switched at any time (after some planning). But solving inequality on such a fundamental level is much harder than just trying to become more like Ireland with whatever problems that may entail.

[@Adrian-f2b4e]

I might be more willing to agree if we were simply talking about physical property. As it stands, a lot of the money that's fleeing is based around IPs and tech, stuff that builds wealth rather than taking a slice out of an already-existent pie.

[@loogabarooga2812]

Any video about California and taxes whose conclusion isn't that prop 13 is the root of all evil is not worth watching. You want to see change in California? Revoke prop 13.

[@iruns1246]

Yes! Taxing the few wealthiest people is not the problem, because that's a solution to extreme wealth inequality. The problem stems from not preparing for the tax fluctuation. A huge economy like California should be able to stabilize their budget by projecting the average tax to be collected several years from each year.

[@somedudeok1451]

@@iruns1246 But that still doesn't protect against a longer lasting flight of capital, no?

[@iruns1246]

@@somedudeok1451 I guess that depends on what you consider more valuable: societal capital with well educated, egalitarian populace, or monetary capital paired with extreme wealth inequality. Looking at other places ruled by oligarchy, I think the first one is more valuable, stable, resilient, and even with the ability to regrow it's monetary capital if any if it were to be taken elsewhere. Not to mention the wealthiest people and largest corporations are usually conducting anti-competitive practices. Meaning the flight of some of them could mean a rise of healthier, more competitive market. If paired with proper governmental policies of course.

[@davidlinnartist]

I grew up in Los Altos Hills, overlooking Silicon Valley, when it was becoming a thing in the late 70's. It was a paradise for us then. I prefer my sweet memories over the dumpster fire it's become.

[@falsificationism]

"There's no obvious solution to this [agricultural water] problem." No. There is. Remove/reverse tax subsidies for meat and dairy. Full stop. That solves the entire problem. That's how wasteful this single industry is. Just grow food for 8 billion humans instead of 80 billion land animals. 80 billion is a lot more than 8.

[@tocsa120ls]

Patrick, have you ever done a video about the 2010 flash crash?

[@matthewheath7839]

Yes, he has

[@tocsa120ls]

@@matthewheath7839 is it members-only? I get no results for 'flash crash'

[@DeAgingTechnology]

Excellent presentation!

[@YoY664]

California's success is the product of people who died in the last century. Not because of those ruling it now. Stanford Research Park and every thing down stream of that was the result of brilliant men and entrepreneurs working with and in support of govt initiatives(both local and federal). Current generation of progressive deviants had very little to do with it. If anything the present generation of leadership is coasting on the successes of their predecessors while vilifying them occasionally

[@dpixvid]

I worked at a research firm in Stanford Research Park for 13 years... pretty sure most of the hi tech startups that dominate the tech sector these days are Stanford business school startups who are those progressive deviants. Sand Hill CV firms financed it and those deviants have little or no moral internal compasses... at the least they’re played by deep state. The Hoover is one of few sane legit research organizations left in Ca.

[@drjustin84]

Even with their challenges, there are zero situations I’d rather live in Florida than California.

[@brucejay1409]

Nice photo of "Lonnie". A team of whale watchers tried to drag him back into the water😂

[@goodgrief888]

I’m a 3rd generation Californian. My husband is a 5th generation Californian. The reasons why California is having issues are much more complex than anything the right or the left has ever been able to admit. They both blame eachother for what they wrought. The tech libertarians and developers created a boom, then left when people wanted them to pay their fare share. A lot of the tech wealthy that moved in pushed others out. That created some of the homelessness. The developers can build as many homes as they want but if there’s no laws that they have to be affordable for the homeless, this doesn’t put a dent in homelessness. There’s also a very permissive culture which attracts drug dealers and drug users. Many of the “homeless” would be able to move into homes if they could just agree to one thing. No drugs. They can’t do that. Many people, developers who are making millions on building new housing that helps zero homeless, and the nonprofits who make ok salaries on claiming they’re going to solve homeless,but never do, have a stake in keeping a homeless situation going. Sorry but it’s true. I worked for one of these nonprofits. And I also worked for a progressive politician who had very young idealistic people in his ear telling him that forcing people into housing and to stop taking drugs was not progressive. The only people who have a stake in wanting to actually combat homelessness are the people who live in the downtown neighborhoods that are most affected. Most of us simply gave up and moved to higher ground and gave up on having this issue solved. My big plan is just to leave the city of San Francisco altogether soon.

[@hoopnight4758]

Telling the truth doesn’t get likes though, most Americans immediately stop reading anything as soon as they read “tax the rich” or something like that. Libertarianism is the truly evil ideology in the US, and the whole left/right blaming game is just the contra-revolution by the neocons to prevent the citizens from rationally thinking about the cause of their daily life problems.

[@waysidetimes9226]

The state spends way too much and doesn't get enough value for its spending. It has been almost impossible to build housing of any kind over the last 40 years. The state recently decided that they aren't screwing over the people that bring in all the money as much as they could be. At the same time, every major jurisdiction decided to allow people to encamp on sidewalks, do drugs in the open, and engage in prostitution in front of pre-schools. No surprise people want to leave. Just bad policy decision after bad policy decision. The state is a single party dictatorship. There's no right side of the aisle to blame. And there's plenty of blame. You have to really screw up for Texas to seem like a better option to your average techie.

[@GrumpyCat-mw5xl]

It’s going to require a major overhaul on every level to fix Californias problems. Even just greatly reducing crime would make a huge difference. Housing is very expensive in California and we use to sort of sarcastically joke about how Californias would sell their average house down in California for a million or 2 million dollars then move to Oregon or Arizona and buy a much nicer house for a lot less money. If even a doctor would have trouble buying a house in California a homeless person doesn’t stand a chance. The type of housing they need is cheap rentals which aren’t cheap in California either.

[@goodgrief888]

@@GrumpyCat-mw5xl Even the so called “affordable” housing in California is totally out of reach for most people. My husband has 3 small businesses (I’m a totally broke artist, but his salary should have been more than enough to buy us a house in a normal city) bought a “Below Market Rate” tiny condo in a program where the city sets aside a bunch of condos for middle class people to buy at supposedly affordable rates. These affordable rates could get us a nice 3-4 bedroom house in a lovely community on the Oregon coast or near a lake in Idaho. Instead we are crammed into a 1 bedroom stacked on top of each other. The only way I see this insanity being resolved is to make Airbnb illegal, make owning investment properties that remain empty illegal, etc. but every time a politician proposes these sort of measures they get voted out of office by the tech libertarians that believe that taxes and regulations are evil.

[@GrumpyCat-mw5xl]

@@goodgrief888 some regulations are good same with taxes it’s a mater what kind and how much.

[@gidds99]

One of my favourite channels 👌 Let's go 🚀

[@NigelDeForrest-Pearce-cv6ek]

Excellent and Outstanding Analysis!!!

[@MarkArcher1]

UC grad here from '15. I was an EE and switched to SE which is what is on my degree. I found the UC system to be a huge waste of time and money and wouldn't recommend it to anyone that wanted a good education. Just wanted to toss that out there in case anyone was overcome with envy after hearing your description of it.

[@mack-uv6gn]

Do a video on Texas and Florida when you can, you did an exceptional job with this video.👍

[@bozotheclown935]

What went wrong.... "Electronic Voting"... Simple....!!!..!!!...

[@shreddy_mcgnar6359]

CA resident here, and we did a budget analysis for relocating to Texas. The result was literally a net zero gain/loss in finances and people who relocate to Texas without doing this analysis for themselves are making a HUGE mistake because you're trading no net benefit for really shitty weather/heat/tornados in Texas. Also, Patrick stated CA is having water issues. Um no, the drought was over a long time ago. Reservoirs are at capcity and some of them are over capacity. Fake news.

[@tehdood]

In 2000 my parents moved to Texas (my dad's job moved - my brother and I were already moved out of the house by then and did not follow). My dad was so excited about how much money he was going to save living in Texas. After 20 years of living there, now when I talk to him on the phone he splits his time mocking California for its high taxes and complaining about the fact that he eventually had to downsize the house he and my mom were living in because the property taxes were so high. Most of what I've read indicates that the tax burden is roughly the same in both states - unless you're a high earner or low earner, where your tax burden is significantly lower and higher in Texas, respectively.

[@hockeygrrlmuse]

No, the water issues are permanent. We're not in a drought, but that does not mean things are okay. The whole US Southwest is at risk there.

[@RedXlV]

@@tehdood Sounds like you're dad's huffing the copium to avoid admitting that Texas is an objectively worse place to live than California.

[@SirBlackReeds]

CA is trending towards drought-level water issues because water is mismanaged.

[@The-House-Cat-777]

didn't you get the memo? your team says "missinformation" now, not "Fake News"

[@zonegaming3498]

Lived in Oregon, California ruined this beautiful state. I had to move because of gentrification. All the apartments got sucked up by invaders and it went from 500$ for a 1 bedroom to 1200$ for a studio in 5 years. Even a full time job I couldn't afford a studio apartment. I left and now I own a house and I make only 16$ an hour.

[@trinydex]

you are the success story that more need to hear. when a place gets insane from gentrification, get out.

[@mw...]

Best explanation I’ve heard

[@Meowhsss]

6:58 Gas in California is expensive due to state taxes, nothing to do with them not producing it. It’s costs $.02 per gallon of oil to get it in a tanker from Saudi Arabia to the USA, it’s negligible.

[@cdorman11]

At $.65 per gallon, the taxes can't be what explains the extra $3 per gallon. Cali requires a special blend to burn cleaner. CARB stands for California Air Resources Board. It's a clean air agency created in 1967 by then-governor Ronald Reagan, and it enforces stricter emission standards than the Environmental Protection Agency (EPA) for vehicles in the U.S.. Why? To address the smog problem. The skies are much better now than 30 years ago.

[@JohnTaylor-ts8wk]

California is a model for the United States in many ways. One of the most recent is the perceived success in using high immigration to create a one-party state. This worked because Democrats had positioned themselves as the immigrant-friendly party since the early 90's while Republicans would often call for restrictions on illegal immigration. This was successfully spun into a perception that Republicans are anti-immigrant, leading to a large demographic divide in elections. Combined with careful Gerrymandering, the state politicians became essentially immune to elections regardless of popularity. California has long had one of the least popular governments along with the lowest political turnover. This has led to bolder and bolder pushes by the extreme left including blatant political retaliations against Republicans, woke policies in Education, insane regulations, the dismantling of almost all of our nuclear plants with only wind and solar to replace them, and requirements to force EV adoption even where it makes no sense like with busses, emergency vehicles, and trucking. The insane housing policies have led to increasing homelessness, particularly since the 2008 crash which took many years to recover from, and they have gotten much worse as we became an open-border sanctuary state which actively supports illegal border crossings. The people crossing have little to no money, no support, and head to beach cities to rely on whatever government services they can get while the poor are crowded out and displaced and homelessness runs rampant. There are easy technical fixes to many of the states problems such as nuclear plants, increased desalination capacity and so on, but we can't seem to get past our incredibly corrupt political establishment. So people have voted with their feet, moving out for years, as people immigrate across the border in endless numbers which keeps the population growing.

[@BadApe-tn6dg]

Great info. Thanks.

[@dasmowenator]

Prop 13 is the stupidest piece of legislation I've ever heard of - the state could solve most of its financial problems by getting rid of this insanely regressive property tax policy

[@michaelrusso8466]

California's ballot initiative system is a case study in the dangers of a direct democracy. Patrick did not mention this in his summary, but a major reason for California's boom/bust financial cycles is that many of the state's outlays are mandated by laws that passed through ballot initiative. The governor and legislature are starting each fiscal year with their hands tied.

[@saynay333]

Unfortunately it's almost impossible to get rid of prop 13. There are too many baby boomers with homes now worth millions of dollars paying 1980s and 90s level property taxes.

[@dasmowenator]

I couldn't agree more - direct democracy, especially in a state with 40 million people, is an absolutely horrible idea. CA really needs a new state constitution.

[@JeffButterworth-bm8gj]

You're nuts. Just keep throwing $ down the bottomless pit.

[@trinydex]

you don't know how stuff works huh? so you hate gentrification right? imagine you own a home and then your property value goes up because your neighborhood gets better. then all these tech workers come because it's proven your neighborhood is legit. now you can't afford your property tax every year and you have to do a duress sale and move out of state because of this "regressive tax" keep on going off...

[@philippebackprotips]

Seen from Belgium, they still have it easy...

[@SirBlackReeds]

The absolute state of Roman Catholicism in both appears to be more or less the same.

[@hwhack]

Excellent analysis as always.

[@MrMadvillan]

forgot that the film industry is going to vancouver and atlanta.

[@markdc1145]

And Albuquerque!

[@SirBlackReeds]

Heck, the companies are probably going to relocate to Hong Kong within a couple decade.

[@gordongekko2781]

[19:30] Unpopular(?) opinion: Perhaps the problem is that a tax rate of just 13% for millionaires is enough to make California the most taxing state. That seems like a pretty low ceiling. No wonder the rich keep getting richer and billionaires are replacing NASA.

[@SirBlackReeds]

You ought to read Arthur B. Laffer's "Flatten California" article because you're way off.

[@lecsipillar8924]

The shock sent through my spine when you cited a graph from George Mason University as I sit here, on that exact campus, listening to you!!! So cool!