Comments on: CA residents most likely to go from poor to rich

By: mjury

mjury — Thu, 25 Jul 2013 20:51:18 +0000

The top fifth makes $107,000? That is chump change in the Golden State. Most public school administrators make far more than this, as do civic directors and upper-level managers. I am a teacher not even to the top of my salary schedule, and I am only $25k away from that number. And we are the lowly servant who chooses to educate for love and not money. Bah!
$107k does not go far in this state. Add one more variable to this analysis: apply cost of living from each area to show the purchasing power of these statistics.

By: us citizen

us citizen — Thu, 25 Jul 2013 19:10:09 +0000

Well since the govt pushed the laws which govern business, then it is the govts fault. Companies would not be leaving if they didnt have to.

PS,,,,,,,can you change the type to a bolder type face on your new site? This type is hard to read and I have a big screen and good eye site.

By: Hondo

Hondo — Thu, 25 Jul 2013 18:08:53 +0000

I’ve always said California has more economic assets than any place on earth. Yes, there are still ways for a Steve Jobs to become a billionaire. They still exist. But those roads are getting fewer, with more road blocks and potholes. California also has the highest income disparity in the country. California could still lead the nation, and the world, in getting out of these down times.
If we could just get out of the new’ Steve Jobs’s way.
Hondo….

By: admin

admin — Thu, 25 Jul 2013 17:50:19 +0000

Steve: I blame crony capitalists a lot, too. But how can even having a high-wage middle-class job allow one to buy a $1.4 million modest home in Cupertino?

The problem is regulations on property use, beginning with the California Coastal Commission. But also including NIMBY restrictions favored by conservatives and Republicans to keep their own property values high. And the Crony Capitalists, eating caviar in their mansions, don’t care if the rest of us live in hovels, or have to move to Dubuque just to afford a home.

— John Seiler

By: Steve Mehlman

Steve Mehlman — Thu, 25 Jul 2013 17:41:11 +0000

John, I think the difference between us is that you place sole blame for the loss of middle-class jobs on government, while I believe that corporate greed–such as taking jobs out of the country to maximize profit–is also a critical factor.

By: admin

admin — Thu, 25 Jul 2013 17:23:11 +0000

Steve: We never have questioned that there are a lot of rich people in California. And I’ve written many times about how geeks with 180+ IQs will keep coming to Silicon Valley to start or join high-tech companies. Those people also are smart enough to avoid California’s high taxes and regulations.

The problem is for the rest of us with IQs <180. We can't afford to live here. And good manufacturing jobs for the middle class are being destroyed. Silicon Valley's median home price, for a small flat, now is $1.4 million. How are the rest of us supposed to afford that?

-- John Seiler

By: queeg

queeg — Thu, 25 Jul 2013 16:54:19 +0000

Finally the answer why CWD trolls are not mainstream….they continually make bad choices….maybe it comes from wearning tight ball caps at their fast food careers….more study is needed…

By: Steve Mehlman

Steve Mehlman — Thu, 25 Jul 2013 16:54:18 +0000

Nearly every day in the “Dog, we read about how California is going to hell, how government regulations and taxes are “stifling” opportunity, how everyone needs to move to Texas. And then we read this post about there being more upward mobility in California than elsewhere.

I’m not an economist, but common sense tells me that one of these is not true. My money is on the New York Times’ “often-excellent economics columnist/reporter.”