Author Topic: Middle class is disappearing in California as wealth gap grows  (Read 1267 times)

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rangerrebew

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Middle class is disappearing in California as wealth gap grows
« on: October 25, 2018, 04:43:43 pm »
Middle class is disappearing in California as wealth gap grows
By Kristin Tate, opinion contributor — 10/24/18 12:00 PM EDT
 
The views expressed by contributors are their own and not the view of The Hill
 

California made major news this month, reclaiming a valuable economic marker and surpassing Britain as the fifth largest economy in the world. Its growth after the recession has accelerated under President Trump and even turned a modest surplus. However, the Golden State remains one of the most unequal in the nation. It has both billions of dollars in Silicon Valley and rampant homelessness. Its efforts to eliminate poverty instead accentuates it, and its tax system inadvertently aids those who are already wealthy. With the middle class leaving in droves, California society represents a modern day feudal system of robber barons and the poor. It is an unsustainable mixture.

https://thehill.com/opinion/finance/412928-middle-class-is-disappearing-in-california-as-wealth-gap-grows

Offline dfwgator

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Re: Middle class is disappearing in California as wealth gap grows
« Reply #1 on: October 25, 2018, 04:58:30 pm »
Obviously they don't have enough socialism there. /s