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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.
@@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
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.
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.
Patrick Boyle cites the Economist, which recently endorsed Kamala Harris. Focus onhe politics. The plethora of dirty politicians who enrich themselves manipulating laws .
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.
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
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.
@@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.
"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.
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.
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 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.
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.
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.
@@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 The joke may have been that zombies eat brains and that - if the zombies are moving out - the average Californian lacks this organ.
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.
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.
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.
@@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'
California is one of those high risk/high reward places. You have very high skills, very high salaries and very high costs. There are many places like that: NYC, London, Paris... Rewards are high but costs are high too so it's a subtle balance that is always in the risk of tipping on the wrong side...
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.
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 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 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.
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.
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 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.
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!
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.
@@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.
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.
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 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.
@@wisenber -SURE, one can see all the new bridges and mended roads, improved water needs, energy investment, and active environmental management of fire….NOT!
@@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.
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.
Its really nice actually. You should come visit San Diego. For me, the taxes are very low and schools are fantastic. Gas prices are high, but we don't drive much. And electricity prices are insane. House prices are high, but not too dis-similar to most western states. There are cities in Montana where house prices are higher than San Diego. Its a great place to get your career started and make some money. I'm thinking about moving only because my dream is own a bit of land and cooler climate.
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.
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.
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.
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.
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.
@@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.
My speculation is that there are two categories of people in CA. 1. The productive, who make a lot of money, and drive up prices 2. The angry, resentful, and envious It is #2 that enacts all the re-distribution of wealth and regulation, and are angry everything is expensive. My speculation, I am sure I will get people upset. Of course, this is a broad brush.
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 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 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.
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!
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.
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.
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.
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"
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.
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 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.
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.
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.
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.
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.
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
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.
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.
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.
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 UA-cam. 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.
"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.
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.
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.
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.
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.
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. $$$
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.
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%.
@@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
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%.
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
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.
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 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.
I was homeless in Los Angeles until a little less than a year ago. I wrote a novel about street life as a young adult, it's called Where Did You Sleep Last Night? By Mitchell Tillstrom, It'd mean the world to me if any of you could buy a copy or tell your friends about it. Thank you and have a great day 🙏🏼
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.
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.
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.
@@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.
@@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%.
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.
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.
"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.
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.
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.
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.
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.
[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.
I lived in California for one year about 10 years ago. I left because of the high taxes and over regulations. The state is even more of a cesspool now.
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.
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
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.
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
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.
From my perspective the two large factors are acceptance of remote working and the massive tech layoff. Pair those with the high cost of living and you have an exodus without the inflow of new blood. I don't think most people consider the large number of regulations a factor in staying in CA or leaving. Like choosing presidents, in the end economic factors prevail
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.
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 🙏🏻
I've lived in California most of my life. I've been trying to solve homelessness in The US since 2010. The weather in California is great. There are a lot of people that want to be in that weather. We have invested our way out of shelter. Cost of housing and cost of living do not balance with income for many people. Lots of people also means lots of bureaucracy. The people who run the programs are getting paid. The people who the program is supposed to help often get little support. I only see direct positive action and a return of community and family to be a solution. We kick our kids out at 18 in this country. That's the American Dream - to 'make your own'. Since The US is also about what you can get for yourself; people steal, con, dupe, trick and do what they need to do to prosper. I like Nevada. I've lived there twice. There's no pretension there. People in Nevada make money by doing things that are illegal in other states. You know where you stand in Nevada. There are also less people which comes with a smaller bureaucracy. (I also taught at UC Riverside from 2005-20012 and those guys wanted me to sign over my intellectual property to them, so I don't know where you got the benevolent UC information).
I moved to California in 2019 because I've always wanted to check it out and experience the fun stuff and entertainment industry. Moved out in 2023 after getting laid off from my news reporting job there. Grew up in Louisiana. It is a big, pretty state with a lot of cool stuff to do but the vibe there now is a place that's slowly dying. Living costs are insane and only affordable if you're wealthy. And a lot of rich types aren't going to be into the semi-progressive policies the state (tries to) push through. A lot of Cali seems to be about appearances and not following through on substance, which can be its downfall. The liberal stuff is mostly for show. There's no actual progressive solutions like rent control, programs to truly help the homeless, push for truly high wages to keep pace with living costs, etc. (The state is not as liberal as one might assume. Found it actually conservative in some ways.) Hollywood leaving for elsewhere will also hurt it. Some of the people who live there were the most two-faced, aloof, shallow, smug individuals I have ever met. (Other people I met were awesome, though.) This was a well-done video.
I'm always confused when Americans call a thing socialist or even marxist. I know marxists, and they are very different. In Europe, I consider conservatism, social democracy and liberalism to be the three dominant early 20th century ideologies. That the liberals would be socialist is hard to wrap my head around.
@@SusCalvin The far right in America has gotten so extreme they equate American liberals with progressivism and socialism, neither of which they are. Liberals in America would be considered moderate or even conservative in Europe, from what I’ve heard.
@@SusCalvin Americans broadly don't really know what any of those terms really mean. We are just given talking points from other people who in turn heard talking points from politicians on the news. Book publishers eliminate many of the underlying political beliefs of different groups from American history and just say the leaders either got assassinated and rarely acknowledge the governments role in some form of persecution that took place. As a result we don't really believe in things like systemic racism, but can think of something that happened historically between the government and a minority group, but we don't really engage with the idea that the underlying systems of government largely remain the same. America is dealing with the collective trauma of the cold war and the damage the government inflicted on the public education system by decrying anything that could be seen as anything resembling collective action as socialism. Those using the term socialism also use it in the same way one would use a slur when referring to people with more progressive beliefs.
@@SusCalvin conservative politicians claim that liberals are socialists and marxists because they can raise money off of it. everytime mango Mussolini does a rally and claims his opponents are communists, he raises tens of millions of dollars in campaign fund from brain dead people, which he then proceeds to spend on his own hotels and golf courses so he can pocket the money
Prop 33 is on the ballot for rent control. Minimum wage is higher than almost anywhere else, with $20/hr minimums in many industries. As for homelessness, youre right - the issue is that NIMBYism is extremely strong here. No one wants new housing because the lower supply means their own property values skyrocket, all while their property taxes stay the same thanks to Prop 13.
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.
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.
@@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.
California has so many problems because of too many laws. It’s been like this for years. I have a friend who took the United States medical licensing exam in California. After that, his medical school closed and because of this he couldn’t get his records. California had the only set of records agencies in hospitals would accept. They would not release his records. He ended up losing his license to practice medicine after all that training. I tell everyone who I can to never take a licensing exam in California. It was a travesty and even with a lawyer, he could not get his records released. There was absolutely no reason for this.
I left California 6 years ago - the problem there is that housing is just too expensive to buy anything in the cities where the jobs are, so the only alternative would be to live out in the desert and be stuck in traffic 3+ hours a day. The cost of rent, gas, and food just went up and up every year while jobs paid about the same. It was just impossible to save up, and I think I had a pretty decent job most of my time in California all things considered. To fix the state, they really need to just end all the building regulations to allow more apartments, more houses, more freeways, more rail lines, and more jobs. Cutting taxes would help a lot too. The State is so poorly managed fiscally that they’d be deep in the hole from that, so by definition it would mean cutting the majority of state government jobs, unemployment insurance and welfare.
Texas & Florida are facing their own issues. Texas has a terrible power grid & Florida has no insurance. Both are in Hurricane areas. I would also add that if we are that dependent on income taxes from a few individuals shows that we have a serious inequality problem in this country.
Until about 1990, California was in a political balance. It would elect Ronald Reagan and Jerry Brown. The downsizing of the military (which had a large presence in CA) and manufacturing lead to large numbers of more conservative residents leaving the state and being replaced by immigrants, corporate transfers and blue state refugees who overwhelmingly vote Left. I live in Orange County which until about 2010 was reliably Red. It is now purple.
The reason OC turned purple is because the natioanal Republican Party became ultra religious (which OC is not), and associate with rural Southerners and blue-collar midwesterners (who wealthy OC residents dont feel connection to).
@@khanra - The GOP had been evangelical-friendly since Reagan was president which was decades before it turned purple. The OC residents who had a problem with that were the immigrants, legal and illegal that moved in. Particularly from Asia.
Except Immigrant voting patterns are more complex that. Patrick Ruffini analyzed the data and concluded that immigration has actually not been a net positive for Democrats. Mexican small farmers who immigrated because NAFTA screwed them over ended up voting for Republicans. He wrote a whole book about this stuff titled "Party of the People: Inside the Multiracial Populist Coalition Remaking the GOP." Also, how much of a political balance was CA in? Governor Reagan admitted that he was hardly any different from his Democratic opponent on policy, and President Nixon was a moderate Republican. It just seems like the foundation for one-party rule was laid decades ago.
@@SirBlackReeds - The only demographic that consistently votes republican are White males. Blacks, hispanics and asians vote democrat by a large margin. What you are citing is republican cope.
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.
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.
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.
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.
@@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.
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soylentgreen is ppl
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.
@@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
@@Crembaw you sweet summer child.
@@Crembaw I am glad that criminality can be explained singlehandedly by toughness on crime, no other factors envolved. It makes life simpler.
Patrick finally picking a side on the East Coast / West Coast rap feud.
#PBoyle50 his promo code and street name
Patrick only rap for mid west true america 🦅🦅🦅🦅
@@Snp2024 Where housing prices are low and manufacturing productivity is high, yo.
Ah but he didn't choose this life, this life chose him.
Coming straight out of Palo Alto!
Hearing that California singlehandedly has a larger economy than all of India is insane, and puts some things in perspective...
Who cares about India such a nasty smelly overcrowded wasteland
Entertainment and technology rule the world 😂
"Growing over half of America's vegetables, fruits and nuts."
The dry humour is off the charts!
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.
But not much cleaner if it keeps going on its current path
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.
Patrick Boyle cites the Economist, which recently endorsed Kamala Harris. Focus onhe politics. The plethora of dirty politicians who enrich themselves manipulating laws .
Stupid woke leader ship😂
That's nothing. You should hear our committee argue over where the new Coke machine should go.
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.
So what works is no public toilet? I'm confused.
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
You think New York is cheaper? Try getting a two bedroom in billyburg for under 6 grand a month
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.
North County!
@@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.
@@Nichole-wd5ce Jerlous much 😘 My very successful son who lives in FT Lauderdale just married a gorgeous successful Floridian.
"Over 419 thousand regulations" Patrick didn't want to say 420
.
Get a ban for that 😜😜😜🍺☘️
@@stevozrepto5558 April 20 regulations
Nah, he didn't want to say four-turdy.
Did you notice Texas was number 5? They don't pay income tax but how much you want to bet they will soon?
So close to greatness.
24:22
"Designed in California
Assembled in China
Taxed in Ireland" 😂😂😂
Applies only to large multinationals. If you’re a business headquartered in California, you’re fucked.
Registered in the Maldives
Shelled in Delaware
And now: Moved to Texas.
"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.
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.
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.
Given that such a natural incentive exists, CA would be smart to create a disincentive to counter an influx from other states.
@@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.
@@jacqdanielesman. You're saying you'd rather want them to die elsewhere... That's messed up.
@@jacqdanieleslike what? Shooting homeless or locking them in prison?
This only half explains it. Having good weather isn't new. So what changed?
Okay, the dry "fruits and nuts" jab was hilarious. 0:15 Credit where credit is due.
😂😂😂
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.
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.
Sounds like you probably have, but if you haven't read Cadillac Desert, the best book on CA water
Don't forget the homelessness making the place looks like a post apocalyptic wasteland
Delta smelt.
The moronic landscaping practices across the state definitely don’t help.
The only startup currently scaling in California is U-Haul.
@@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.
@@rogermoore8977 What's a zombie in this context? Fentheads? Tranqwanks?
@@banditkeithkingofduelmonstersoverworked maybe ?
@@banditkeithkingofduelmonsters The joke may have been that zombies eat brains and that - if the zombies are moving out - the average Californian lacks this organ.
@@banditkeithkingofduelmonsters I’m talking about old school zombies not woke zombies.
When you said “the arts” and showed and “NFT” 😂
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.
@@michaelmoorrees3585I judge art wygdo
@@michaelmoorrees3585 arguably a dog turn is more unique
And "immigrants" and showed Prince Harry.
@@HarryPujols If he had said immigrants who came illegally, he could have shown a photo of Melanie.
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.
I remember california when i was a kid... Seemed like a mythical place full of synth wave music, hot babes and eddie murphy
That was the 80s and 90s. When Baywatch was on TV
It was still the land of opportunity then. It seems mythical now, but I was there.
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.
@@zackaryfrancisco2795 poop wasn't there in the 1990s. I was there a lot then with a girlfriend whose mom lived there. Beautiful city then.
You should have seen all of the sleepy beach towns in the '60s and '70s.
This is my favorite rap news channel.
At 1.5x
They call him the drink.
@@JRRodriguez-nu7po
I tried 1.5x and it works as a charm
@@FictionHubZAThey call him the what? A beverage of sorts?
@@Rudini5 He he was a kid they called him the juice box. But, now he's the drink.
OOf that apple taxed in ireland gag is gonna win you a letter from a lawyer written in helvetica
with a side of wingdings
@martian8987 Windings is Windows dingbats, I wouldn't be surprised if that's illegal in the infinite loop
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. 😉
@@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'
Helvetica, that's a Swiss font no?
California is one of those high risk/high reward places.
You have very high skills, very high salaries and very high costs.
There are many places like that: NYC, London, Paris... Rewards are high but costs are high too so it's a subtle balance that is always in the risk of tipping on the wrong side...
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.
Shh, don’t invite anyone else
And winter for four months of the year. Snow pants rather than board shorts in January.
You couldn’t pay me to live in Mississippi again
@@kakashigaiden111 That's good because MI is Michigan, not Mississippi.
@@TheBackwardsLegsManhopefully it’s not detriot lol
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.
I live in far north California, near Oregon. The best geography in the country
This in CA are changing and will continue to change, to the WORSE like they have been for 30+ years.
@@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 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.
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.
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.
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.
@@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.
@@natest.laurent1602 No Way.
Patrick Voice is deeper than usual, this means this is important
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!
Needs much more likes.
This comment was generated by CoPilot AI haha jk
Fire bars 💯💯
No one calls CA "Cali" if they live there, pal. Get the lexicon right please: SoCal, OC, NorCal, etc.
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.
California has a huge oil field in Los Angeles/Long Beach. You just cannot get to it because it is built out.
Oil companies create artificial scarcity of gas additives that are mandated in California to keep California gas prices high.
@@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.
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.
The refinery in Port of Los Angeles is shutting down in next few months. Get ready for gas to go up again.
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.
Put the money to use, not helping anyone in the coffers. In 2022 45/50 states are running without deficit.
@@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.
@@wisenber -SURE, one can see all the new bridges and mended roads, improved water needs, energy investment, and active environmental management of fire….NOT!
@@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.
re-check those numbers. California did not get a half trillion dollars. It was about 3% of what you said. Like 15 Billion. lol.
California is the best example of just because the economy is big it doesn't mean it's a good place to live in.
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.
Its really nice actually. You should come visit San Diego. For me, the taxes are very low and schools are fantastic. Gas prices are high, but we don't drive much. And electricity prices are insane. House prices are high, but not too dis-similar to most western states. There are cities in Montana where house prices are higher than San Diego. Its a great place to get your career started and make some money. I'm thinking about moving only because my dream is own a bit of land and cooler climate.
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.
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.
The entertainment industry mostly moved out of CA long ago. And the U6 unemployment statistics does include them
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.
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.
Well they keep hiring for a modern audience that doesn't exist so they can unf_ck their politics and learn how to life
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.
California is beautiful and it’s incredibly difficult for anywhere else in the world to feel like home!
what is beautiful there?
@@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.
This reads like red hot chili pepper lyrics.
Argentina had a Batchelor tax?! This deserves it's own episode!!
US have it too. It is called single filing.
@@rahulat85 it's still a lot cheaper than alimony
@@PeterT-i1w Alimony is never cheap in California. Damm many prenups also can be thrown out.
what's wild is i gotta pay for their schools even tho i don't have kids and the school fail at educating
@@adamm2716 Americans is getting dumber. 🤣
My speculation is that there are two categories of people in CA.
1. The productive, who make a lot of money, and drive up prices
2. The angry, resentful, and envious
It is #2 that enacts all the re-distribution of wealth and regulation, and are angry everything is expensive.
My speculation, I am sure I will get people upset. Of course, this is a broad brush.
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
You better do all you can to move fam
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.
Yeah the South East Asian multiples are insane. Some cities have 40× or more income multiples. Absurd stuff.
@@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.
Viet co-worker in Canada told me he's housed is parents in a 400,000 dollar home in Vietnam. !!!
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!
BTC up 109 % YTD.
Sounds like US equivalent of London in terms of property.
Where are you now that's so great?
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.
Artificial scarcity@@danimalfarm
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.
good point!
greeedy effin boomers!
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.
Dude, lay off the Keynes.
@@101realtorthat’s insane
....but politicians DON'T save surpluses, they just expand spending programs.
Very informative
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"
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.
"I'd rather be dead in California than alive in Arizona."
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.
What’s there to love in California?
@@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.
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.
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.
You don't have to shop at whole foods 😂
thats why costco and aldi are so popular. i have no grocery problems.
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.
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.
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
Now if only the state would take over that much more efficient diary production and return the benefits to californias via public welfare programs?
Yes, fast trains. A magical fantasy device from the impossible to imagine lands of "Japan" or "France"
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.
Lack of competition and companies growing larger has been especially pronounced since Reagan weakened antitrust
I usually look at how farmers are organized. If they are not, others get a lot more say.
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.
Interesting video. I'm surprised you didn't touch on California's vibrant Rap scene. Part 2 video maybe...
Would love a history of rap doc narrated by Patrick.
part 2 is in this video actually, it's just told through double entendres you missed
@@RacingVagabondomg the dry wit and delivery of words that have never left his mouth before would be amazing.
That would definitely be a banger video. Maybe he could do one on april fools.
…or the corn industry…
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.
There's plenty of beaches that are not in California.
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
@@mechanicalmonk2020we moved back from Denver. It was worth it.
Yeah if u look at it California is literally Garden of Eden , a Paradise!
@@MakerInMotionare these beaches warm year round and safe from hurricanes
Your dry humor is immaculate.
he’s an ai
@@joseaguirre744 Absolute Irishman?
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.
@davidmoores7608 💀
0:28 😂 I'm still laughing at the fruits and nuts illustration... 😂
Me too! Well played! 😂
Me too😂
As David Ike said, every mighty Oak is a nut that stood its ground.
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.
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 UA-cam. 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.
i would recommend watching his forbes young entrepreneurs video. its pretty good. "forbes has a fraud problem"
You’re in for a treat as you go through the back catalog.
"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.
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.
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.
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.
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.
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. $$$
I also think California is the only state with its own electrical code book, lol...
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...
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.
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%.
@@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
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%.
At least Canadians have their health insurance covered.
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
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.
@@computron5824 It also discourages moving home, which causes all kinds of problems, including making development more difficult.
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.
The problem is a real lack of reforms to zoning laws. Oddly enough, Scott Wiener of all people supports reforms.
@@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.
Best explanation I’ve heard
Thanks Patrick. More fine analysis.
I was homeless in Los Angeles until a little less than a year ago. I wrote a novel about street life as a young adult, it's called Where Did You Sleep Last Night? By Mitchell Tillstrom, It'd mean the world to me if any of you could buy a copy or tell your friends about it. Thank you and have a great day 🙏🏼
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.
Your insight is always fascinating!!
Excellent and Outstanding Analysis!!!
California gas tax is 69.8 cents/gallon, not 60 cents.
Nice
It's about 3x that in Canada 🥲
Nice?
Nice (?)
A little less than 70 cents?
Patrick, the answer is simple; we live as residents in south Florida for 8 months and Point Loma during the summers.
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.
Im just back from another holiday in American. Never again. You people need to stand up and fight your government on prices and taxs .
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.
@@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.
@@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%.
@@alcoyne3333333333333 The government doesn’t set prices.
The idea of a 70 billion dollar deficit and stating it’s not about spending is a wild statement.
This guy knowledge, comedy and sarcasm is unmatched 😂
My main OG rap and rapping homie in the house.
Well done Patrick
Income tax is among the steepest in the USA , topping out at 13.3 percent for millionaires. Wow.They wouldn't like Britain.
That’s just state tax, add on the federal on top of that
Patrick grew up on the mean streets of Boyle Heights.
and graduated from East Los Angeles junior college with an Associates Degree............in Chicano Studies.
Patrick, have you ever done a video about the 2010 flash crash?
Yes, he has
@@matthewheath7839 is it members-only? I get no results for 'flash crash'
I didn't know about the UC System. That explains a lot. I wonder why everyone isn't doing this.
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.
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.
@@hockeygrrlmuse Or is it? 🤔
Only Patrick can make a video about California Dreaming this entertaining. Next youtube shorts idea: what went with California?
"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.
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.
They are spiritual poor, am I correct? Greetings from belgium
I put to you that this is not true everywhere in the state. It is a HUGE place.
The picture you paint with your broad brush is ridiculous.
@@Quantris It's true for the coast. Sadly, the indland's never going to become part of Nevada.
@@slartibartfast1268 have you ever picked up a paint brush?
Since we're talking about California, why doesn't this video have a prop 65 warning?
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!
Do a video on Texas and Florida when you can, you did an exceptional job with this video.👍
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.
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.
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.
Right on. Thanks for sharing.
Well rounded video. Thank you, Patrick!
Seen from Belgium, they still have it easy...
The absolute state of Roman Catholicism in both appears to be more or less the same.
[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.
You ought to read Arthur B. Laffer's "Flatten California" article because you're way off.
I lived in California for one year about 10 years ago. I left because of the high taxes and over regulations. The state is even more of a cesspool now.
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.
That Elon photo had coffee coming out of my nose.
Lucky for you and me it wasn’t a full body photo.
...that boy hasn't seen the sun in decades.
Ew disgusting! No need to write that here!
They edited out the supermodel tsucking on him
😂😂😂😂😂😂😂
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
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.
King video, Patrick. Very informative, thank you so much.
@Pboyle, who’s your tailor? Would nominate you for best dressed UA-camr 😊
forgot that the film industry is going to vancouver and atlanta.
And Albuquerque!
Heck, the companies are probably going to relocate to Hong Kong within a couple decade.
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 $1 billion from facebooks IPO?
Sure maybe operate generally along the lines of your CONSISTENT lower tax base and then save up all the excess tax revenue from ipos and such but not having a higher tax rate on the weathly could not hurt every resident of the state in the long run
Yep. Too bad most people who call themselves progressive think that's the only ethical way to tax people. The "conservatives" are becoming the real progressives. It's so weird.
From my perspective the two large factors are acceptance of remote working and the massive tech layoff. Pair those with the high cost of living and you have an exodus without the inflow of new blood. I don't think most people consider the large number of regulations a factor in staying in CA or leaving. Like choosing presidents, in the end economic factors prevail
What went wrong.... "Electronic Voting"... Simple....!!!..!!!...
Lived in Oregon, California ruined this beautiful state. I had to move because of gentrification.
All the apartments got sucked up by invaders and it went from 500$ 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.
you are the success story that more need to hear.
when a place gets insane from gentrification, get out.
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 🙏🏻
I've lived in California most of my life. I've been trying to solve homelessness in The US since 2010. The weather in California is great. There are a lot of people that want to be in that weather. We have invested our way out of shelter. Cost of housing and cost of living do not balance with income for many people. Lots of people also means lots of bureaucracy. The people who run the programs are getting paid. The people who the program is supposed to help often get little support. I only see direct positive action and a return of community and family to be a solution. We kick our kids out at 18 in this country. That's the American Dream - to 'make your own'. Since The US is also about what you can get for yourself; people steal, con, dupe, trick and do what they need to do to prosper. I like Nevada. I've lived there twice. There's no pretension there. People in Nevada make money by doing things that are illegal in other states. You know where you stand in Nevada. There are also less people which comes with a smaller bureaucracy. (I also taught at UC Riverside from 2005-20012 and those guys wanted me to sign over my intellectual property to them, so I don't know where you got the benevolent UC information).
I moved to California in 2019 because I've always wanted to check it out and experience the fun stuff and entertainment industry. Moved out in 2023 after getting laid off from my news reporting job there. Grew up in Louisiana.
It is a big, pretty state with a lot of cool stuff to do but the vibe there now is a place that's slowly dying. Living costs are insane and only affordable if you're wealthy. And a lot of rich types aren't going to be into the semi-progressive policies the state (tries to) push through.
A lot of Cali seems to be about appearances and not following through on substance, which can be its downfall. The liberal stuff is mostly for show. There's no actual progressive solutions like rent control, programs to truly help the homeless, push for truly high wages to keep pace with living costs, etc. (The state is not as liberal as one might assume. Found it actually conservative in some ways.)
Hollywood leaving for elsewhere will also hurt it. Some of the people who live there were the most two-faced, aloof, shallow, smug individuals I have ever met. (Other people I met were awesome, though.)
This was a well-done video.
I'm always confused when Americans call a thing socialist or even marxist. I know marxists, and they are very different.
In Europe, I consider conservatism, social democracy and liberalism to be the three dominant early 20th century ideologies. That the liberals would be socialist is hard to wrap my head around.
@@SusCalvin The far right in America has gotten so extreme they equate American liberals with progressivism and socialism, neither of which they are.
Liberals in America would be considered moderate or even conservative in Europe, from what I’ve heard.
@@SusCalvin Americans broadly don't really know what any of those terms really mean. We are just given talking points from other people who in turn heard talking points from politicians on the news.
Book publishers eliminate many of the underlying political beliefs of different groups from American history and just say the leaders either got assassinated and rarely acknowledge the governments role in some form of persecution that took place. As a result we don't really believe in things like systemic racism, but can think of something that happened historically between the government and a minority group, but we don't really engage with the idea that the underlying systems of government largely remain the same.
America is dealing with the collective trauma of the cold war and the damage the government inflicted on the public education system by decrying anything that could be seen as anything resembling collective action as socialism. Those using the term socialism also use it in the same way one would use a slur when referring to people with more progressive beliefs.
@@SusCalvin conservative politicians claim that liberals are socialists and marxists because they can raise money off of it. everytime mango Mussolini does a rally and claims his opponents are communists, he raises tens of millions of dollars in campaign fund from brain dead people, which he then proceeds to spend on his own hotels and golf courses so he can pocket the money
Prop 33 is on the ballot for rent control. Minimum wage is higher than almost anywhere else, with $20/hr minimums in many industries. As for homelessness, youre right - the issue is that NIMBYism is extremely strong here. No one wants new housing because the lower supply means their own property values skyrocket, all while their property taxes stay the same thanks to Prop 13.
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Half of our nation's homeiess people live in California (?) Wow.. I did not know that!
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.
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.
@@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.
@@daminh26 Also California has good benefits for the homeless
They subsidize homeless, SF for example gives homeless people a weekly cash payout.
Fantastic analysis
Thank you Sir
Brilliant discussion
Humour 11/10
Thank you Pattrick
Take a shot everytime this guy says California
That picture of Elon was real? Lol
I believe it's AI generated. However, there's a shirtless image of him at his yacht. He still looks fat in it.
California has so many problems because of too many laws. It’s been like this for years. I have a friend who took the United States medical licensing exam in California. After that, his medical school closed and because of this he couldn’t get his records. California had the only set of records agencies in hospitals would accept. They would not release his records. He ended up losing his license to practice medicine after all that training. I tell everyone who I can to never take a licensing exam in California. It was a travesty and even with a lawyer, he could not get his records released. There was absolutely no reason for this.
I left California 6 years ago - the problem there is that housing is just too expensive to buy anything in the cities where the jobs are, so the only alternative would be to live out in the desert and be stuck in traffic 3+ hours a day. The cost of rent, gas, and food just went up and up every year while jobs paid about the same. It was just impossible to save up, and I think I had a pretty decent job most of my time in California all things considered.
To fix the state, they really need to just end all the building regulations to allow more apartments, more houses, more freeways, more rail lines, and more jobs. Cutting taxes would help a lot too. The State is so poorly managed fiscally that they’d be deep in the hole from that, so by definition it would mean cutting the majority of state government jobs, unemployment insurance and welfare.
Texas & Florida are facing their own issues. Texas has a terrible power grid & Florida has no insurance. Both are in Hurricane areas.
I would also add that if we are that dependent on income taxes from a few individuals shows that we have a serious inequality problem in this country.
What does it mean Florida has no insurance ? Curious about that
Until about 1990, California was in a political balance. It would elect Ronald Reagan and Jerry Brown. The downsizing of the military (which had a large presence in CA) and manufacturing lead to large numbers of more conservative residents leaving the state and being replaced by immigrants, corporate transfers and blue state refugees who overwhelmingly vote Left. I live in Orange County which until about 2010 was reliably Red. It is now purple.
The reason OC turned purple is because the natioanal Republican Party became ultra religious (which OC is not), and associate with rural Southerners and blue-collar midwesterners (who wealthy OC residents dont feel connection to).
@@khanra - The GOP had been evangelical-friendly since Reagan was president which was decades before it turned purple. The OC residents who had a problem with that were the immigrants, legal and illegal that moved in. Particularly from Asia.
Except Immigrant voting patterns are more complex that. Patrick Ruffini analyzed the data and concluded that immigration has actually not been a net positive for Democrats. Mexican small farmers who immigrated because NAFTA screwed them over ended up voting for Republicans. He wrote a whole book about this stuff titled "Party of the People: Inside the Multiracial Populist Coalition Remaking the GOP."
Also, how much of a political balance was CA in? Governor Reagan admitted that he was hardly any different from his Democratic opponent on policy, and President Nixon was a moderate Republican. It just seems like the foundation for one-party rule was laid decades ago.
@@SirBlackReeds - The only demographic that consistently votes republican are White males. Blacks, hispanics and asians vote democrat by a large margin.
What you are citing is republican cope.
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.
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.
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.
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.
@@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.
@@goodgrief888 some regulations are good same with taxes it’s a mater what kind and how much.