California has a new sales tax effective today

Kingfish · **Posted:** Fri Apr 03, 2009 3:34 am

Postmersh Wrote:

Kingfish Wrote:

Postmersh Wrote:

How can we be (by far) the richest state in the Union,

Post, how are you defining "rich" in this instance? I'm not arguing with your assertion, but just curious as to exactly what you mean by it.

The fact that the economy of California is a dominant force in the economy of the United States, with California paying more to the federal system than it receives in direct monetary benefits.

As proof, according to the Bureau of Economic Analysis, California's gross state product is $1.727 trillion (as of June 07, 2007), yet we seem to receive less federal attention proportionally than states with less than 18% of our (legally reported) populace.

Point being, we pay more than we take out Federally, plus we're paying a substantial amount "Locally". "Rich", for CA, doesn't necessarily mean "Rich In Culture/History/Etc." but will, for the foreseeable future, mean "Rich in Generated Income".

California gets back more from the Feds than Louisiana does. Louisiana is a very very poor state. Here's the return for every dollar given.

Calif. $0.91
Ky. $0.91
Tenn. $0.90
N. C. $0.90
Ind. $0.89
La. $0.89
Ohio $0.89
Ariz. $0.88
Okla. $0.88
S. C. $0.88
Mich. $0.88
N. J. $0.87
Fla. $0.86
Ga. $0.86
Texas $0.86

Postmersh · **Posted:** Fri Apr 03, 2009 3:53 am

Kingfish Wrote:

Postmersh Wrote:

Kingfish Wrote:

Postmersh Wrote:

How can we be (by far) the richest state in the Union,

Post, how are you defining "rich" in this instance? I'm not arguing with your assertion, but just curious as to exactly what you mean by it.

The fact that the economy of California is a dominant force in the economy of the United States, with California paying more to the federal system than it receives in direct monetary benefits.

As proof, according to the Bureau of Economic Analysis, California's gross state product is $1.727 trillion (as of June 07, 2007), yet we seem to receive less federal attention proportionally than states with less than 18% of our (legally reported) populace.

Point being, we pay more than we take out Federally, plus we're paying a substantial amount "Locally". "Rich", for CA, doesn't necessarily mean "Rich In Culture/History/Etc." but will, for the foreseeable future, mean "Rich in Generated Income".

California gets back more from the Feds than Louisiana does. Louisiana is a very very poor state. Here's the return for every dollar given.

Calif. $0.91
Ky. $0.91
Tenn. $0.90
N. C. $0.90
Ind. $0.89
La. $0.89
Ohio $0.89
Ariz. $0.88
Okla. $0.88
S. C. $0.88
Mich. $0.88
N. J. $0.87
Fla. $0.86
Ga. $0.86
Texas $0.86

return per dollar divided by populace? When you more than double the populace of the nearest state, it's not even close.... If Louisiana had a 50% return/dollar with 475 million people, and CA gets $,91/dollar kickback with 2 Billion people, we'd be more than ahead with our Federal Contributions....

California has a new sales tax effective today

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