Just How Bad Is Government Here In California?

This bad:

Proud of my heritage, I had this urge to run for the state legislature, so I did and I won. I was hoping I could do something in Sacramento to slow the decline of the Golden State. But it was not to be. I quickly discovered that the legislature was so dominated by far left ideologues, there was nothing that could be done to reverse course. My Democrat colleagues were not concerned one bit about how their policies were destroying the economic golden goose that made California so famous worldwide. Indeed, they actually believe their big government and nanny state policies have made California the model of how progressives can succeed in governing. Seriously.

The entire time I served in Sacramento, the Democrats were focused almost exclusively on legislation which either had to do with wealth redistribution or creating new “rights” for alleged victims such as illegal aliens, criminals, union members, homosexuals, transgenders and other “oppressed” groups. And it’s no different today. The reality is that the average middle class Californian hasn’t had representation in the halls of Sacramento for decades. Indeed, I predict the destruction of California will, unfortunately, be one of the great legacies of the progressive movement.

But but but, California is one of the largest economies in the world!

Sure, the liberals like to claim California socialism is working by pointing to the much heralded statistic that “California’s economy is the 6th largest in the world” as calculated by the state’s Department of Finance. Indeed, California’s $2.62 trillion economy is larger than that of France, Canada, Brazil, Russia, and Italy. However, that GDP stat does not factor in California’s cost of living, which is 36.2% higher than the national cost of living. As Carson Bruno writes in Real Clear Markets, “using the cost of living adjusted data from the International Monetary Fund and adjusting California’s GDP data provides a better snapshot of California’s economic standing in the world. Doing so shows that California is actually the 12th largest economy — a drop of 6 spots — and actually puts the state below Mexico.”

But wait, there's more.

However, as economic blogger Richard Rider points out, the aggregate GDP statistic is really not a good indicator of a state’s economic health, especially since one industry appears to be propping up the “6th largest economy” myth. California has over 39 million people, more than any other state, so a far more accurate assessment of its economy, Rider writes, would be per capita GDP as compared to the rest of the country. After adjusting the GDP figures to account for the cost of living (COL), the Golden State ends up with a paltry 37th place ranking within the U.S.A., with a $45,696 per capital GDP. Even rustbelt states, such as Michigan and Ohio, have a higher adjusted per capita GDP. Despite Silicon Valley’s high-tech giants, California barely squeezes past impoverished New Mexico. Rider also reports that when one looks at per capita GDP stats for the rest of the world, California ranks 19th, but those stats don’t factor in the COL data; if they did, California would be even further down the rankings internationally...

Overall, the Tax Foundation ranks California as fifth worse in overall tax burden, but the state is especially hostile to its high earners who start businesses and create most of the jobs. Indeed, the top 1% pays 50% of all state income taxes. Moreover, the Small Business and Entrepreneurship Council ranked California as having the worst anti-business climate in the country; the American Tort Reform Foundation ranks the state as the “worst state judicial hellhole” in the U.S. and the national Chamber of Commerce rates California as having the fourth-worst business climate.

Those evil 1%ers.

The closing comment is entertaining:

That doesn’t end well so there’s little doubt California is headed toward economic disaster. Perhaps it is time for conservatives to support California’s succession (sic) movement before the state completely collapses and comes begging the federal government for a bailout.