The Disappearing Middle Class from Democratic Socialist and Feminist-Controlled California

www.investmentwatchblog.com | 10/29/2018 | IWB
Night987 (Posted by) Level 3
California now has the fifth largest economy in the world, recently surpassing the United Kingdom. But the state’s prioritization of identity politics, illegal immigrants, and anti-business policies have doomed the future of a once great state, resulting in a mass migration of companies and residents.

The Golden State is the most unequal in the nation. Democrats’ one-party rule of the state for decades has helped it become rife with both homelessness and uber-wealthy households. The number of homeless Californians living on the streets increased by 14 percent to more than 130,000 last year. California Democrats’ attempts to alleviate poverty have only made it worse. Its onerous tax system also hurts the very people it is meant to help and aides the wealthy Silicon Valley billionaires it is supposed to hurt.

Class - California - State - Droves

The middle class of California is leaving leaving the state in droves.

California has been lucky to have the booming tech sector of Silicon Valley, boosting its GDP past $2.7 trillion, approximately 14 percent of the entire U.S. economy. But the tech sector’s rise, combined with ineffective and backward policies making new housing construction nearly impossible, has created an unaffordable state for the middle class.

California - Doubt - State - Country - Average

California is without a doubt the poorest state in the country. An average of 14 percent of Americans live below the poverty line but 19 percent of Californians live below the poverty line.

Residents living under one-party Democrat rule in Sacramento are suffering from out of control housing costs. Californians pay an average of $1,440 a month on rent, $430 above the national average of $1,010. As of 2015, some 40 percent of Californians spent more than 30 percent of their income on housing. Today, almost 30 percent spend more than half their earnings on housing. Median home values are also out of reach, at $529,000, more than double the...
(Excerpt) Read more at: www.investmentwatchblog.com
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