Quote:
Originally Posted by whell
California might be able to weather its increasing debt for the foreseeable future largely due to the economic clout of Silicon Valley and Hollywood, and the high taxes that those businesses pay. |
You forgot agriculture. California's agricultural economy is over 13% of the entire nation's, larger than the next two states combined (Texas and Iowa), totaling over $32 billion (compared to ~$4 billion for Michigan). And then there's tourism, where California is by far the largest at $130 billion (vs $18 billion for Michigan). California is the nation's economic powerhouse and no other state comes close (it's over 5x bigger than Michigan's).
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Last edited by finnbow; 05-14-2018 at 05:11 PM.
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