California
Related: About this forumCalifornia Poised to Overtake Germany as World's No. 4 Economy
Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. Californias governor recalls a 1994 Time Magazine cover story citing a string of disasters rocks the state to the core, forcing Californians to ponder their fate and the fading luster of its golden dream.
And yet, the California dream is still alive and well, the states 40th governor said in a Zoom interview a month before his probable reelection.
Hes not wrong. Californias economy has proven relatively resilient, first through the pandemic and now through the current period of elevated inflation. So much so, that the Golden States gross domestic product is poised to overtake Germanys as the fourth largest in the world after the US, China and Japan. It had already leapfrogged Brazil (No. 7) and France (No. 6) in 2015 and supplanted the UK (No. 5) in 2017. Although many of California's current figures won't be published until 2023, estimates suggest the state may have already caught Germany, with at least one forecast implying California is ahead by $72 billion when considering the state's recent growth rate.
https://www.bloomberg.com/opinion/articles/2022-10-24/california-poised-to-overtake-germany-as-world-s-no-4-economy
ZonkerHarris
(25,288 posts)Midnight Writer
(22,996 posts)Odd that the capitalist Republicans hate the State in America that is kicking the most ass in the money-producing game.
BigmanPigman
(52,292 posts)deduction in our August has and electric bills. Every little bit helps. Many are set to receive stimulus money this month too.
https://www.kiplinger.com/taxes/taxes/state-stimulus-checks-in-2022