The Wealth of CA- Personal &Economic Freedom & Props 1A-1F

Website | The CotoBuzz Journal

Author's Latest Posts |

The Wealth of CA- Personal &Economic Freedom & Props 1A-1F

By JL "Buzz" Aguirre | 05/12/09 | 06:03 PM EDT | 2 Comments

Latest posts from your county...

If you think ranking last is bad enough, wait until Propositions 1A-1F pass

In the World’s Bank study Where is the Wealth of Nations? researchers added current values of natural resources and produced capital totaling only 20% for rich countries. A whopping 80% of the wealth of nations was “intangible” – we refer to this intangible as social capital.

The Heritage Foundation & Wall Street Journa's Link Between Opportunity and Prosperity, the 2009 Index of Economic Freedom ranks Hong Kong at the top, the US and Canada in sixth and seventh spot with Cuba and Zimbabwe rounding up number 178 & 179 with North Korean takingthe dubious last place. China was ranked 132.

A more recent Mercatus George Mason University study, billed as “the first-ever comprehensive ranking of the American states on their public policies affecting individual freedoms in the economic, social, and personal spheres” measures economic freedom looking at different areas including, social and personal freedoms such as peaceable citizens’ rights to educate their own children, own and carry firearms, and be free from unreasonable search and seizure as well as variables on economic and fiscal policies

The Mercatus study shows a correlation between taxes and regulation and freedom: The three states with low taxes and government spending and moderate regulation, are the freest states: new Hampshire, Colorado and South Dakota, whereas the least free states are New York, New Jersey, Rhode Island and California
Another conclusion from this report is that “states enjoying more economic and personal freedom tend to attract substantially higher rates of internal net migration”.

What can we extrapolate from this information about the wealth of a country, state and or county and California's Propositions 1A-1F? If these propositions pass, California can easily become Deep Blue Southwest China.

2 Comments | Related Topics »Orange County (CA)

Comments

No Wealth for the Underclass

Great article! We won't have to worry about becoming "Deep Blue Southwest China" because we have become Chicago which is supposedly worse! We've got gangs that tax residents block by block in order to avoid getting whacked; we've got an L.A. Mayor that has used eminent domain to grab more property than any other Mayor in L.A.'s history; we've got a Governator who ran as a fiscal Republican promising cuts in the pork and smaller government and cleaning house in the Senate and Assembly but ends up being worse than Gray Davis - the person we recalled; we've got special interests who have spent every dollar donated to them to destroy Prop 13--a small measure meant to help us keep our home; our State tax now rivals Hawaii and our unemployment rate is not far behind. Anyone try to get a house loan in L.A.? Good luck, it ain't gonna happen. The best thing the Excusenator in the White House can do is implement an unconditional Federal tax amnesty. The best thing the Governator can do is implement an unconditional State tax amnesty. There comes a point in time where these two men have to come down to where the rest of us are.

Submitted by Sherman Tank on Tue, 05/12/09 - 09:58 PM » |

Remember The Tiananmen Square Massacre?

Good point about Chicago – I often use it to make the argument that to change an ingrained culture, such as the Chicago political cesspool (or the OCSD for instance), requires more than simple legislation, but have to pursue it like a fast-spreading cancer.

On the other hand, remember the 1989 Tiananmen Square Massacre (referred to in Chinese as simply the June Incident – that is to say, when (not if), California becomes Deep Blue Pacific Southwest China, no Reverend from Chicago will be allowed to show up at the square.

Submitted by cotobuzz on Wed, 05/13/09 - 12:39 PM » |