More than 50 percent of America's wealthiest cities are in California.

[ironchef]

Even after billionaires like Musk left for greener pastures?

https://www.dailymail.co.uk/news/article-13604201/top-cities-seized-upper-class-americans.html

 

[2rosy]

Article says 150k/yr for a family is affluent which is odd. Also, California has a ton of government workers making way more than that. The dodger baseball player was smart to take deferred compensation to avoid taxes.

 

[Slow Learning Elf]

The dodger baseball player was smart to take deferred compensation to avoid taxes.

Actually, having been in that boat, I’d disagree. You should never trade credit risk in exchange for tax benefits.

 

[Primal Trader]

In the distant past I lived in the Pasadena area, Monterey, Carmel, and Carmel Valley, all in California and well renowned. Quite affluent areas all as well.

You could not pay me to live there again. The quality of life has gone downhill, the state tax rate is utterly atrocious, Newsom wants to create a reparations plan, I could go on and on.

What is wealth? On Independence Day and yesterday I was able to climb high mountains, navigate roaring streams gathering extraordinary mushrooms filled with Power--which will soon be an integral part of this Warrior Body, and did not encounter one Homo sapiens. With no moon the Stars looked like they were at arm's reach at that altitude. In all reality I felt like the Wealthiest Man on Earth.

 

[ironchef]

Actually, having been in that boat, I’d disagree. You should never trade credit risk in exchange for tax benefits.

Where were you when I needed your counsel?

Been there done that when I had my day job, with company stock options.

 

[ironchef]

In the distant past I lived in the Pasadena area, Monterey, Carmel, and Carmel Valley, all in California and well renowned. Quite affluent areas all as well.

You could not pay me to live there again. The quality of life has gone downhill, the state tax rate is utterly atrocious, Newsom wants to create a reparations plan, I could go on and on.

Life is never perfect. We, who stay, have to take the good with the bad and try to make some changes for the better.

I am OK with state tax rate because some of us make so much more than the regular workers. But am not happy with how CA spends it.

Not that long ago, CA was a Republican state.

 

[ElCubano]

In the distant past I lived in the Pasadena area, Monterey, Carmel, and Carmel Valley, all in California and well renowned. Quite affluent areas all as well.

You could not pay me to live there again. The quality of life has gone downhill, the state tax rate is utterly atrocious, Newsom wants to create a reparations plan, I could go on and on.

What is wealth? On Independence Day and yesterday I was able to climb high mountains, navigate roaring streams gathering extraordinary mushrooms filled with Power--which will soon be an integral part of this Warrior Body, and did not encounter one Homo sapiens. With no moon the Stars looked like they were at arm's reach at that altitude. In all reality I felt like the Wealthiest Man on Earth.

View attachment 343499

Awesome.

 

[ironchef]

What is wealth? On Independence Day and yesterday I was able to climb high mountains, navigate roaring streams gathering extraordinary mushrooms filled with Power--which will soon be an integral part of this Warrior Body, and did not encounter one Homo sapiens. With no moon the Stars looked like they were at arm's reach at that altitude. In all reality I felt like the Wealthiest Man on Earth.

View attachment 343499

Awesome.

I agree.

 

[Specterx]

California has 50 million people so the stat isn’t wholly surprising.

The environs of NY and DC are as wealthy or even more so, but in both cases split between three states. The DC suburbs may be the richest region on the planet when it comes to median family income, adjusted for CoL.

 

[tradertweets]

more than 50 percent of americas homeless are in California... too (?)