Michael Lodge - listen to my PodCast or on IHeartRadio
California has a 20% poverty rate and it is growing. Californians are becoming more dependent on Government help. California created this problem by liberal politicians that set up all of these programs and had no money to pay for it, so what happens? Taxes go up. Companies look for better states to do business in that is business friendly and less taxes. Listen to Bills documentation on what Californians save - almost nothing - no money in the bank - living from paycheck to paycheck. California is just about ready to fail if Californians don't say - enough - we can't keep going on like this. Below I have copied a recent podcast that Bill O'relly did on the State of California.
Bill O'relly - Here is a story that caught my eye that you’re not going to hear anyplace else.
It is in California. 37 percent of all households in California, the nation’s largest state, have no cash in the bank. None. They’re living pay check to pay check or welfare check to welfare check. They don’t have any money. So if anything happens where they have a debate or whatever they can’t pay it. Many of these people run up a big credit card debt.
61 percent of Latino households in California have no savings. 57 percent of black households have no savings. 28 percent of white have no savings. That’s how it breaks down.
Now, if you are in the circumstance you are going to have to depend on the government sooner or later. Probably sooner. And that takes your power. If you don’t have any money, individual power is nil. Your dependent on somebody giving you enough to survive. That’s what it is.
So California, very prosperous state in the sense that the economy is huge, is a place where destitution rules in the minority precincts. Destitution.
Huge taxes in California…this is the price you pay for a welfare state. Vicious cycle.
It pains me because I think America is the land of opportunity. But if you don’t have any money you’re not going to get much opportunity. You gotta save, you gotta work hard. Taxes are killing people. That’s why the Trump administration better pass that middle class tax cut.
For most of Bill’s thoughts on the state of the California economy and the other big stories of the day before sure to tune into the No Spin News at 7PM ET… only on www.billoreilly.com