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@kungfujoe2136Ай бұрын
soylentgreen is ppl
@CrembawАй бұрын
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.
@morganseppy5180Ай бұрын
@@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
@morganseppy5180Ай бұрын
@@Crembaw you sweet summer child.
@YuzuruAАй бұрын
@@Crembaw I am glad that criminality can be explained singlehandedly by toughness on crime, no other factors envolved. It makes life simpler.
@CanalTremocosАй бұрын
Patrick finally picking a side on the East Coast / West Coast rap feud.
@Zenith121691Ай бұрын
#PBoyle50 his promo code and street name
@Snp2024Ай бұрын
Patrick only rap for mid west true america 🦅🦅🦅🦅
@CanalTremocosАй бұрын
@@Snp2024 Where housing prices are low and manufacturing productivity is high, yo.
@justabaldguyАй бұрын
Ah but he didn't choose this life, this life chose him.
@FuZZbaLLbeeАй бұрын
Coming straight out of Palo Alto!
@morgan3392Ай бұрын
Hearing that California singlehandedly has a larger economy than all of India is insane, and puts some things in perspective...
@NEPALI-NINJAАй бұрын
Who cares about India such a nasty smelly overcrowded wasteland
@The_QuaaludeАй бұрын
Entertainment and technology rule the world 😂
@maifantasia3650Ай бұрын
"Growing over half of America's vegetables, fruits and nuts." The dry humour is off the charts!
@GeoMeridiumАй бұрын
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.
@travisadams4470Ай бұрын
But not much cleaner if it keeps going on its current path
@I_Am_The_Devils_AdvocateАй бұрын
24:22 "Designed in California Assembled in China Taxed in Ireland" 😂😂😂
@jerryburg6564Ай бұрын
Applies only to large multinationals. If you’re a business headquartered in California, you’re fucked.
@UlshaRSАй бұрын
Registered in the Maldives Shelled in Delaware
@SpentAmbitionDrainАй бұрын
And now: Moved to Texas.
@3komma141592653Ай бұрын
"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.
@cv990a4Ай бұрын
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.
@marianchicago400222 күн бұрын
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.
@glfxfa545218 күн бұрын
Patrick Boyle cites the Economist, which recently endorsed Kamala Harris. Focus onhe politics. The plethora of dirty politicians who enrich themselves manipulating laws .
@Sataka23clips18 күн бұрын
Stupid woke leader ship😂
@harrymills277018 күн бұрын
That's nothing. You should hear our committee argue over where the new Coke machine should go.
@RobertLutece90918 күн бұрын
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.
@OhNotThat17 күн бұрын
So what works is no public toilet? I'm confused.
@colineason8759Ай бұрын
"Over 419 thousand regulations" Patrick didn't want to say 420
@stevozrepto5558Ай бұрын
. Get a ban for that 😜😜😜🍺☘️
@mirzaahmed6589Ай бұрын
@@stevozrepto5558 April 20 regulations
@matthewmilan6979Ай бұрын
Nah, he didn't want to say four-turdy.
@dabeageАй бұрын
Did you notice Texas was number 5? They don't pay income tax but how much you want to bet they will soon?
@FictionHubZAАй бұрын
So close to greatness.
@DataIsBeautifulOfficialАй бұрын
The only startup currently scaling in California is U-Haul.
@Timpon_DorzАй бұрын
@@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.
@banditkeithkingofduelmonstersАй бұрын
@@rogermoore8977 What's a zombie in this context? Fentheads? Tranqwanks?
@@banditkeithkingofduelmonsters The joke may have been that zombies eat brains and that - if the zombies are moving out - the average Californian lacks this organ.
@rogermoore8977Ай бұрын
@@banditkeithkingofduelmonsters I’m talking about old school zombies not woke zombies.
@MuljinnАй бұрын
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.
@component9008Ай бұрын
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.
@dutchybagАй бұрын
Sounds like you probably have, but if you haven't read Cadillac Desert, the best book on CA water
@DonHavjuanАй бұрын
Don't forget the homelessness making the place looks like a post apocalyptic wasteland
@hiwind58Ай бұрын
Delta smelt.
@shacktimeАй бұрын
The moronic landscaping practices across the state definitely don’t help.
@chrisholbrook7117Ай бұрын
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!
@mixn4429 күн бұрын
BTC up 109 % YTD.
@robertthompson027 күн бұрын
Sounds like US equivalent of London in terms of property.
26 күн бұрын
Where are you now that's so great?
@danimalfarm26 күн бұрын
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.
@jamesharkins679926 күн бұрын
Artificial scarcity@@danimalfarm
@kennyle8640Ай бұрын
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.
@jacqdanielesАй бұрын
Given that such a natural incentive exists, CA would be smart to create a disincentive to counter an influx from other states.
@Danielle_1234Ай бұрын
@@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_angelАй бұрын
@@jacqdanielesman. You're saying you'd rather want them to die elsewhere... That's messed up.
@kenw4930Ай бұрын
@@jacqdanieleslike what? Shooting homeless or locking them in prison?
@tronpauli1475Ай бұрын
This only half explains it. Having good weather isn't new. So what changed?
@DeepakKutsaАй бұрын
When you said “the arts” and showed and “NFT” 😂
@michaelmoorrees3585Ай бұрын
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.
@jessy7093Ай бұрын
@@michaelmoorrees3585I judge art wygdo
@martian8987Ай бұрын
@@michaelmoorrees3585 arguably a dog turn is more unique
@HarryPujolsАй бұрын
And "immigrants" and showed Prince Harry.
@MarcosElMalo2Ай бұрын
@@HarryPujols If he had said immigrants who came illegally, he could have shown a photo of Melanie.
@josephfarrell6978Ай бұрын
This is my favorite rap news channel.
@JRRodriguez-nu7poАй бұрын
At 1.5x
@FictionHubZAАй бұрын
They call him the drink.
@jakeforrestАй бұрын
@@JRRodriguez-nu7po I tried 1.5x and it works as a charm
@Rudini529 күн бұрын
@@FictionHubZAThey call him the what? A beverage of sorts?
@FictionHubZA29 күн бұрын
@@Rudini5 He he was a kid they called him the juice box. But, now he's the drink.
@SlavikChiley26 күн бұрын
Okay, the dry "fruits and nuts" jab was hilarious. 0:15 Credit where credit is due.
@Sub0x-x40Ай бұрын
I remember california when i was a kid... Seemed like a mythical place full of synth wave music, hot babes and eddie murphy
@burtturdison4445Ай бұрын
That was the 80s and 90s. When Baywatch was on TV
@barrydworakАй бұрын
It was still the land of opportunity then. It seems mythical now, but I was there.
@zackaryfrancisco279529 күн бұрын
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.
@barrydworak29 күн бұрын
@@zackaryfrancisco2795 poop wasn't there in the 1990s. I was there a lot then with a girlfriend whose mom lived there. Beautiful city then.
@SirBlackReeds29 күн бұрын
You should have seen all of the sleepy beach towns in the '60s and '70s.
@laraharrison-stow3403Ай бұрын
OOf that apple taxed in ireland gag is gonna win you a letter from a lawyer written in helvetica
@martian8987Ай бұрын
with a side of wingdings
@YoshikaableАй бұрын
@martian8987 Windings is Windows dingbats, I wouldn't be surprised if that's illegal in the infinite loop
@MarcosElMalo2Ай бұрын
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. 😉
@obtuseangler768Ай бұрын
@@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'
@whazzat8015Ай бұрын
Helvetica, that's a Swiss font no?
@Mobius_PizzaАй бұрын
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.
@jsizzlesaurusrexАй бұрын
Shh, don’t invite anyone else
@michaelmanning5379Ай бұрын
And winter for four months of the year. Snow pants rather than board shorts in January.
@kakashigaiden111Ай бұрын
You couldn’t pay me to live in Mississippi again
@TheBackwardsLegsManАй бұрын
@@kakashigaiden111 That's good because MI is Michigan, not Mississippi.
@MahdiKnicksАй бұрын
@@TheBackwardsLegsManhopefully it’s not detriot lol
@chunyuenlau56Ай бұрын
California is the best example of just because the economy is big it doesn't mean it's a good place to live in.
@gugy6817 күн бұрын
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.
@TheJamonLanceАй бұрын
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-к9о26 күн бұрын
Needs much more likes.
@noellecannon141124 күн бұрын
This comment was generated by CoPilot AI haha jk Fire bars 💯💯
@williamrossetter943016 күн бұрын
No one calls CA "Cali" if they live there, pal. Get the lexicon right please: SoCal, OC, NorCal, etc.
@natest.laurent1602Ай бұрын
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-w1lАй бұрын
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.
@dw3403Ай бұрын
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.
@lesp31529 күн бұрын
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.laurent160229 күн бұрын
@@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.
@lesp31529 күн бұрын
@@natest.laurent1602 No Way.
@brenoladАй бұрын
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.
@lightworker2956Ай бұрын
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.
@gamesguyАй бұрын
The entertainment industry mostly moved out of CA long ago. And the U6 unemployment statistics does include them
@shacktimeАй бұрын
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.
@eriklondon2946Ай бұрын
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-nz9ffАй бұрын
Well they keep hiring for a modern audience that doesn't exist so they can unf_ck their politics and learn how to life
@famenycvp128 күн бұрын
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
@grega887527 күн бұрын
You think New York is cheaper? Try getting a two bedroom in billyburg for under 6 grand a month
@NuNugirl27 күн бұрын
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.
@mjaybee24 күн бұрын
North County!
@Nichole-wd5ce22 күн бұрын
@@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.
@NuNugirl22 күн бұрын
@@Nichole-wd5ce Jerlous much 😘 My very successful son who lives in FT Lauderdale just married a gorgeous successful Floridian.
@JCDenton3Ай бұрын
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.
@dutchybagАй бұрын
I live in far north California, near Oregon. The best geography in the country
@PaulVerhoeven2Ай бұрын
This in CA are changing and will continue to change, to the WORSE like they have been for 30+ years.
@js-gc2hkАй бұрын
@@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_pillar19 күн бұрын
I've only been to LA and it's an armpit, nothing even remotely beautiful
@TheMowgusАй бұрын
Argentina had a Batchelor tax?! This deserves it's own episode!!
@rahulat85Ай бұрын
US have it too. It is called single filing.
@PeterT-i1wАй бұрын
@@rahulat85 it's still a lot cheaper than alimony
@rahulat85Ай бұрын
@@PeterT-i1w Alimony is never cheap in California. Damm many prenups also can be thrown out.
@adamm2716Ай бұрын
what's wild is i gotta pay for their schools even tho i don't have kids and the school fail at educating
@BetaBuxDeluxАй бұрын
@@adamm2716 Americans is getting dumber. 🤣
@DaveNarnАй бұрын
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.
@hereforthechips7710Ай бұрын
California has a huge oil field in Los Angeles/Long Beach. You just cannot get to it because it is built out.
@larrym2434Ай бұрын
Oil companies create artificial scarcity of gas additives that are mandated in California to keep California gas prices high.
@ThisDique27 күн бұрын
@@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.
@sprezzatura875527 күн бұрын
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.
@catalinacatg886125 күн бұрын
The refinery in Port of Los Angeles is shutting down in next few months. Get ready for gas to go up again.
@DanielVasoffАй бұрын
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 🙏🏻
@carrotblog1746Ай бұрын
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_QuaaludeАй бұрын
You better do all you can to move fam
@ryanshaw4250Ай бұрын
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.
@mamotalemankoe3775Ай бұрын
Yeah the South East Asian multiples are insane. Some cities have 40× or more income multiples. Absurd stuff.
@skyak4493Ай бұрын
@@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-t7yАй бұрын
Viet co-worker in Canada told me he's housed is parents in a 400,000 dollar home in Vietnam. !!!
@melh937Ай бұрын
Your dry humor is immaculate.
@joseaguirre744Ай бұрын
he’s an ai
@davidmoores7608Ай бұрын
@@joseaguirre744 Absolute Irishman?
@SigFigNewtonАй бұрын
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_munayАй бұрын
@davidmoores7608 💀
@sicksock435446Ай бұрын
Interesting video. I'm surprised you didn't touch on California's vibrant Rap scene. Part 2 video maybe...
@RacingVagabondАй бұрын
Would love a history of rap doc narrated by Patrick.
@emma_tmАй бұрын
part 2 is in this video actually, it's just told through double entendres you missed
@scottlangley5596Ай бұрын
@@RacingVagabondomg the dry wit and delivery of words that have never left his mouth before would be amazing.
@bokkenrijder172Ай бұрын
…or the corn industry…
@borghorsa1902Ай бұрын
(c)Rap scene, known in other parts of the world as Donkey Music
@NunoFerreiraX25 күн бұрын
0:36 😂 I'm still laughing at the fruits and nuts illustration... 😂
@KMbuilt3 күн бұрын
Me too! Well played! 😂
@wisenberАй бұрын
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.
@franciscosarilesАй бұрын
Put the money to use, not helping anyone in the coffers. In 2022 45/50 states are running without deficit.
@wisenberАй бұрын
@@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.
@Orson2uАй бұрын
@@wisenber -SURE, one can see all the new bridges and mended roads, improved water needs, energy investment, and active environmental management of fire….NOT!
@wisenberАй бұрын
@@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.
@lijay1Ай бұрын
re-check those numbers. California did not get a half trillion dollars. It was about 3% of what you said. Like 15 Billion. lol.
@FullLengthInterstatesАй бұрын
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.
@martinr2040Ай бұрын
good point! greeedy effin boomers!
@101realtorАй бұрын
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.
@jimfoye1055Ай бұрын
Dude, lay off the Keynes.
@BeholderostАй бұрын
@@101realtorthat’s insane
@bubbajones5905Ай бұрын
....but politicians DON'T save surpluses, they just expand spending programs.
@ProdigalSunTzuАй бұрын
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
@CopingContinuousАй бұрын
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.monsterАй бұрын
Yes, fast trains. A magical fantasy device from the impossible to imagine lands of "Japan" or "France"
@sixfiftyfive2386Ай бұрын
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.
@SigFigNewtonАй бұрын
Lack of competition and companies growing larger has been especially pronounced since Reagan weakened antitrust
@SusCalvinАй бұрын
I usually look at how farmers are organized. If they are not, others get a lot more say.
@Stan-b3vАй бұрын
Excellent breakdown of the basic issues, thank you.
@beatenbytheclownАй бұрын
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.
@randomnobody8770Ай бұрын
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_rm1025Ай бұрын
You don't have to shop at whole foods 😂
@mikes-wv3emАй бұрын
thats why costco and aldi are so popular. i have no grocery problems.
@brandoncarpenter9681Ай бұрын
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.
@metaleggman18Ай бұрын
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.
@JuanSmithersАй бұрын
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"
@machtnichtsseimann28 күн бұрын
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.
@cdorman1128 күн бұрын
"I'd rather be dead in California than alive in Arizona."
@twelvecatsinatrenchcoat24 күн бұрын
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.
@cavejohnson405424 күн бұрын
What’s there to love in California?
@Nichole-wd5ce22 күн бұрын
@@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.
@jeffb1880Ай бұрын
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.
@vissermatt1058Ай бұрын
i would recommend watching his forbes young entrepreneurs video. its pretty good. "forbes has a fraud problem"
@MarcosElMalo2Ай бұрын
You’re in for a treat as you go through the back catalog.
@media4amigosАй бұрын
"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.
@Tristan_Sylvain26 күн бұрын
Patrick Voice is deeper than usual, this means this is important
@davidcobb464Ай бұрын
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.
@markrichardscalifornАй бұрын
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.
@k1zetsu14 күн бұрын
California is beautiful and it’s incredibly difficult for anywhere else in the world to feel like home!
@M.Đ-z4u2 күн бұрын
what is beautiful there?
@JohnBurkhertJr15 сағат бұрын
@@M.Đ-z4u To start with, the people. California has a slice of every nationality and culture. They all have great recipes and open restaurants so we can sample their food. If getting along with others isn't your thing, there are plenty of small minded towns spread out inland. That land includes some of the most beautiful National Parks and recreational areas you'll find in the lower 48. So, whether you are a beautiful person of one of sour disposition, there is something for you here.
@Erik-rp1hiАй бұрын
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.
@davidharris153027 күн бұрын
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.
@random_bit29 күн бұрын
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.
@janibeg3247Ай бұрын
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.
@MakerInMotionАй бұрын
There's plenty of beaches that are not in California.
@mechanicalmonk2020Ай бұрын
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
@justinmiller7150Ай бұрын
@@mechanicalmonk2020we moved back from Denver. It was worth it.
@Dafty2kАй бұрын
Yeah if u look at it California is literally Garden of Eden , a Paradise!
@SigFigNewtonАй бұрын
@@MakerInMotionare these beaches warm year round and safe from hurricanes
@andrewsalmon100Ай бұрын
Thanks Patrick. More fine analysis.
@CrescentRollCarlАй бұрын
That Elon photo had coffee coming out of my nose.
@Johnwashere-dt2ovАй бұрын
Lucky for you and me it wasn’t a full body photo.
@steveburke7675Ай бұрын
...that boy hasn't seen the sun in decades.
@ВладимирКруглов-к9о26 күн бұрын
Ew disgusting! No need to write that here!
@Yoshinomic-hm8hf25 күн бұрын
They edited out the supermodel tsucking on him
@president288724 күн бұрын
😂😂😂😂😂😂😂
@Cristian-ek7xyАй бұрын
The best channel when having trouble to fall asleep, it cured my insomnia, better than ASMR. Thank you!!!!!
@uselessfacts-nd7pjАй бұрын
Your insight is always fascinating!!
@eddenoy321Ай бұрын
Patrick grew up on the mean streets of Boyle Heights.
@DwightStJohn-t7yАй бұрын
and graduated from East Los Angeles junior college with an Associates Degree............in Chicano Studies.
@stinga_Ай бұрын
This guy knowledge, comedy and sarcasm is unmatched 😂
@MarkKal-y5l23 күн бұрын
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.
@Tragicmagicshow13 күн бұрын
This tracks with how I view things, also as a lifelong California resident. The state is full. Economists and politicians never account for this, but there are just too many people in a state that--despite its size--really doesn't have very much land to develop. Some folks just gotta go.
@web9529Ай бұрын
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-qi5wgАй бұрын
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.
@notme222Ай бұрын
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%.
@JustAnotherLoverOfMusicАй бұрын
@@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
@Tokamak3.1415Ай бұрын
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%.
@larrym2434Ай бұрын
At least Canadians have their health insurance covered.
@fozzirАй бұрын
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.
@alcoyne3333333333333Ай бұрын
Im just back from another holiday in American. Never again. You people need to stand up and fight your government on prices and taxs .
@gamesguyАй бұрын
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.
@fozzirАй бұрын
@@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.
@gamesguyАй бұрын
@@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%.
@MarcosElMalo2Ай бұрын
@@alcoyne3333333333333 The government doesn’t set prices.
@SebastianJArtАй бұрын
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. $$$
@jed1natАй бұрын
I also think California is the only state with its own electrical code book, lol...
@NigelDeForrest-Pearce-cv6ekАй бұрын
Excellent and Outstanding Analysis!!!
@stevenb2022Ай бұрын
Well done Patrick
@ElectronicWitchcraftАй бұрын
My main OG rap and rapping homie in the house.
@TheValarClanАй бұрын
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
@computron5824Ай бұрын
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.
@Croz89Ай бұрын
@@computron5824 It also discourages moving home, which causes all kinds of problems, including making development more difficult.
@apersonontheinternet800629 күн бұрын
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.
@SirBlackReeds29 күн бұрын
The problem is a real lack of reforms to zoning laws. Oddly enough, Scott Wiener of all people supports reforms.
@Croz8928 күн бұрын
@@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.
@LetsYouTubeThanks20 күн бұрын
King video, Patrick. Very informative, thank you so much.
@vulpoАй бұрын
I didn't know about the UC System. That explains a lot. I wonder why everyone isn't doing this.
@MarcosElMalo2Ай бұрын
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.
@hockeygrrlmuseАй бұрын
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.
@SirBlackReeds29 күн бұрын
@@hockeygrrlmuse Or is it? 🤔
@tocsa120lsАй бұрын
Patrick, have you ever done a video about the 2010 flash crash?
@matthewheath7839Ай бұрын
Yes, he has
@tocsa120lsАй бұрын
@@matthewheath7839 is it members-only? I get no results for 'flash crash'
@TherecouldbehopeАй бұрын
Patrick, the answer is simple; we live as residents in south Florida for 8 months and Point Loma during the summers.
@lecsipillar892414 күн бұрын
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!
@chubulu9842Ай бұрын
@Pboyle, who’s your tailor? Would nominate you for best dressed KZbinr 😊
@therowofboats4840Ай бұрын
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.
@mack-uv6gnАй бұрын
Do a video on Texas and Florida when you can, you did an exceptional job with this video.👍
@clarestucki51516 күн бұрын
We Idahoans frequently emphasize that thing that Boyle mentioned about CA being "the land of fruits and nuts", but in a slightly different context!
@nunyabidness117Ай бұрын
California gas tax is 69.8 cents/gallon, not 60 cents.
@mechanicalmonk2020Ай бұрын
Nice
@ILoveTinfoilHatsАй бұрын
It's about 3x that in Canada 🥲
@PlagueGuyАй бұрын
Nice?
@michaelmoses8745Ай бұрын
Nice (?)
@djmit44Ай бұрын
A little less than 70 cents?
@somedudeok1451Ай бұрын
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-f2b4eАй бұрын
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.
@loogabarooga2812Ай бұрын
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.
@iruns1246Ай бұрын
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.
@somedudeok1451Ай бұрын
@@iruns1246 But that still doesn't protect against a longer lasting flight of capital, no?
@iruns1246Ай бұрын
@@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.
@BrownStarKachinaАй бұрын
Since we're talking about California, why doesn't this video have a prop 65 warning?
@jimgraham67229 күн бұрын
I lived in the Bay area in the 1960s and LA in the seventies. It was a fun place then. I have made a few nostalgia trips in recent years, it has changed, a lot.
@95K-y2nАй бұрын
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.
@bozotheclown93517 күн бұрын
What went wrong.... "Electronic Voting"... Simple....!!!..!!!...
@MarkArcher1Ай бұрын
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.
@Loady42024 күн бұрын
Very informative
@Lucie.GreeningАй бұрын
Well rounded video. Thank you, Patrick!
@falsificationismАй бұрын
"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.
@AEVMUАй бұрын
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.
@wimvanaerde6249Ай бұрын
They are spiritual poor, am I correct? Greetings from belgium
@QuantrisАй бұрын
I put to you that this is not true everywhere in the state. It is a HUGE place.
@slartibartfast126829 күн бұрын
The picture you paint with your broad brush is ridiculous.
@SirBlackReeds29 күн бұрын
@@Quantris It's true for the coast. Sadly, the indland's never going to become part of Nevada.
@The-House-Cat-77726 күн бұрын
@@slartibartfast1268 have you ever picked up a paint brush?
@DSonBlue7 күн бұрын
Excellent analysis 👏🏻
@GrahamCrackers764Ай бұрын
Resident of San Diego CA here. Homeless situation here is WAY OUT OF CONTROL! I’m out of here as fast as can be. Too bad, used to love this city but I’ve had enough. Will not miss CA in the least.
@YoY664Ай бұрын
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
@dpixvid16 күн бұрын
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.
@ryanthescionАй бұрын
16:42 it’s almost like you shouldn’t let people get to the astronomical levels of wealth where what one person does can negatively impact literally every person in the state. Also the whole section on taxation so far has been really weird. Like do you really think California would have been better off NOT getting $1 billion from facebooks IPO? Sure maybe operate generally along the lines of your CONSISTENT lower tax base and then save up all the excess tax revenue from ipos and such but not having a higher tax rate on the weathly could not hurt every resident of the state in the long run
@awesomeferret24 күн бұрын
Yep. Too bad most people who call themselves progressive think that's the only ethical way to tax people. The "conservatives" are becoming the real progressives. It's so weird.
@ryfreedman27 күн бұрын
I’m always looking forward to the next video!
@ddc16326417 күн бұрын
What went wrong with California? The answer is simple two words California VOTERS!!!
@philippebackprotipsАй бұрын
Seen from Belgium, they still have it easy...
@SirBlackReeds29 күн бұрын
The absolute state of Roman Catholicism in both appears to be more or less the same.
@iruns1246Ай бұрын
Palantir moving out of a state sounds like a sign of that state going the very opposite of wrong...
@SirBlackReeds29 күн бұрын
🤣 If only it were that simple.
@rexxpowercoltАй бұрын
Thanks Patrick your videos are awesome
@JohnTaylor-ts8wkАй бұрын
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.
@MeowhsssАй бұрын
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.
@cdorman1128 күн бұрын
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.
@MrMadvillanАй бұрын
forgot that the film industry is going to vancouver and atlanta.
@markdc1145Ай бұрын
And Albuquerque!
@SirBlackReeds29 күн бұрын
Heck, the companies are probably going to relocate to Hong Kong within a couple decade.
@aaroncutchin1539Ай бұрын
I love how you throw these savage graphics in, LOL!
@gidds99Ай бұрын
One of my favourite channels 👌 Let's go 🚀
@goodgrief888Ай бұрын
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.
@hoopnight475825 күн бұрын
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.
@waysidetimes922624 күн бұрын
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-mw5xl23 күн бұрын
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.
@goodgrief88823 күн бұрын
@@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-mw5xl23 күн бұрын
@@goodgrief888 some regulations are good same with taxes it’s a mater what kind and how much.
@susymay7831Ай бұрын
Half of our nation's homeiess people live in California (?) Wow.. I did not know that!
@daminh26Ай бұрын
I lived in California the 68 degree weather and very little to no rain . Make living and sleeping outside very accommodating. It's the same concept as penguin living in Alaska because it's cold. When your homeless you don't have a lot of choice. It is a problem that will never go away there because of the climate.
@Lolatyou332Ай бұрын
They are there for the same reason other people are there. The weather. Without the beach and the stable weather California would of been a failed state a long time ago. It's the only reason any socialist policies even function without destroying everything, because people want to live in the nice weather year-round... There's a reason there's only blue states exist mostly on the cost. Because without nice weather or geographic locations they fail and turn into Illinois with cities like Detroit, where everyone smart abandons it.
@j3i2i2yl7Ай бұрын
@@daminh26 Exactly right. Most of California's homeless problem is caused by their pleasant climate. Imagine being homeless in Arizona when there are weeks when daily high temperature is over 110F/43C, or Florida/Georgia during huricane season, or New England in winter.
@susymay7831Ай бұрын
@@daminh26 Also California has good benefits for the homeless
@JRRob3wnАй бұрын
They subsidize homeless, SF for example gives homeless people a weekly cash payout.
@nerdlife2065 күн бұрын
Thank you for mentioning Prop 13. Our most infamous proposition
@flashoflight8160Ай бұрын
Prop 13 saves me $6500 a year vs. my neighbor. Income tax on your first $100k is just barely over $2k joint with standard deductions. The Prop 13 mostly offsets the extra state tax for earning $200k. There is no state income tax on Social Security. There is no food tax at the grocery store. I drive a 10-year old EV to avoid the gas tax. My mortgage payment went up just 2.6% despite a one year 30% increase in homeowner's insurance. The weather is nicer here than in Texas or Florida. So why should I move?
@adamm2716Ай бұрын
lol yes please don't leave
@jaiveersingh5538Ай бұрын
It does seem that your neighbor might be less enthusiastic about the $6500/year difference...
@kevikiruАй бұрын
Clearly you have made the example of who should not move: The person who can take/benefits from those deductions. Your neighbor and everyone else who can't is incentivized to move.
@gbear1005Ай бұрын
Let's see.. my million dollar property has taxes less than yours, fuel is 60 percent cheaper, no income tax, little regulation..
@JohnM-sw4sc28 күн бұрын
I don’t think anyone is asking you to
@zonegaming349827 күн бұрын
Lived in Oregon, California ruined this beautiful state. I had to move because of gentrification. All the apartments got sucked up by invaders and it went from 500$ 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.
@trinydex26 күн бұрын
you are the success story that more need to hear. when a place gets insane from gentrification, get out.
@cosmicdonn500928 күн бұрын
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.
@mw...27 күн бұрын
Best explanation I’ve heard
@jerrywood4508Ай бұрын
The Proposition 13 limitation on increases in assessed valuation was an extremely easy problem to predict, and an extremely difficult trap to escape. Ironically Republicans in Texas have been trying to create a similar problem here by attacking the ability of county assessment authorities to match taxable value to actual prices. In 1981 the state mandated annual revaluation of property at as close to market value as possible. This happened because of inequality in revaluations that meant that new home buyers were paying property taxes at close to full value, while long-time owners of homes were paying at a fraction of the real value. Ever since then that requirement has been whittled away because of antipathy to property taxes in the Republican Party. The lieutenant governor even proposed eliminating all property taxes in favor of an expanded sales tax, but the idea died quickly when it was pointed out that it would require a sales tax rate of over 22%.
@Y0tsuyaАй бұрын
Proposition 13 also contributed to the high housing cost as homeowners here tend to sit tight which limits the supply of housing for sale, leading to buyers chasing a dwindling number of listings. There's a silver lining in that the property revenue is fairly stable so if we remove prop 13 it might exacerbate the tax revenue instability.
@drjustin84Ай бұрын
Even with their challenges, there are zero situations I’d rather live in Florida than California.