Economy Why are red states broke?

[Scerpi]

I’ve been up and down California, and I’ve been to Mississippi . I’d rather be California poor than Mississippi poor

lol... Thought so

 

[deadshot138]

SO why are states that have been voting Republican for 30 plus years still so broke ? I’m really confused here

 

[ColemanwastheGOAT]

And what you said is irrelevant to the thread topic, donut.

Nope. Stop being such a sore loser. It's embarrassing.

 

[Mr Holmes]

What does GDP have to do with being broke?

 

[iwannabeadored]

lol... Thought so

What did you think? Is this even a debate? Do you know what California poverty is? Our population is way bigger than Mississippi of

And I can tell you've never been to Canada because we have first world poverty here.

Holy fuck you’re not even American. These Canadians who pretend they are American need to fuck off on this board.

 

[Ruprecht]

Totally agree. Playing these dumb games like the OP is fucking stupid.

Remember back during a old NBA strike? When Patrick Ewing tried to justify getting massive contracts?

I feel that is like living in New York City or many places in California.

Who gives a fuck if you're making a lot of money if you're having to dump $4K-$5k per month in rent for a basic apartment. And if you're making enough to afford these places, the taxes are fucking outrageous.

And forget buying a house.

I do very well here in Texas. I live in nice house near the Gulf Coast with a pool and my mortgage with Taxes and Insurance is $1,600 per month. Obviously my money is going way further here. I'm a single full time dad of three teen girls (FML) and money is never a concern. I'm not rich by any means... but I feel I'm living better than many of friends back in Denver where real estate went the fucking moon in the late 90's and 2000's. They can't believe my house when they visit. I was told my house would be a million plus in the Denver area right now...

That's fucking insane. I'd have to increase my income by 3x at least.

And we don't have income tax.

What the OP doesn't realise is that these stupid comparisons are all relative.

Like I said, these dumb threads by the War Room Lefties come up once or twice a year as chance to dunk on Red States.

And don't even get me started on the Big Blue Cities in the Red States and how they're the epicenters of poverty and crime.

BTW - I did live in Utah for a severals years for work. Fantastic state... Weird liquor laws and the whole being a member of club to go the bar... lol. But once you got away from Salt Lake and Provo, it's just like everywhere else.

Yeah, although when and where was your data from? I'm seeing substantially different numbers when I look for median income adjusted for the COLI per state from this year.
For instance:

Spoiler: Adjusted Median Incomes

Or slightly dated here.

I don't care enough to source the original data and crunch the numbers myself, but that's a very different picture.
Also, looking for the latest data, Utah seems to have lost out to New Hampshire in Gini index, and Alaska is hot on their heels.

No doubt cost of living is sky rocketing though. Housing in particular (probably worse here than the US). When I was looking for a house after graduating Uni I was looking at @$100K. Now the same houses will run you $650K+.
Wage increases haven't tracked with that, but debt certainly has. Living on the never never.

 

[Deorum]

So I guess there's a long history, and red states deserve more appreciation than they get because they do produce what has tremendous VALUE to the population just not tremendous exchange value (in terms of GDP measurement).

I've been saying that for years now. People talking shit on here about red "flyover" states initially incited anger, which then turned to amusement and is now just plain indifference. I can't speak on the Deep South and places like Arkansas or Mississippi, however the constitutional 1889er modern MAGA states of NoDak, SoDak, Big WYO, Montana, and Idaho have clean, charming, and safe little cities that serve as centers of commerce (i.e., Fargo, Sioux Falls, Cheyenne, Billings, Boise) but crop farming, cattle ranching, coal mining, fossil fuel extraction, and their supporting sub-industries are still the primary economic anchors.

The tangible value they contribute comes in the form of agriculture and energy, which just so happen to be the fundamental pillars of modern human civilization. The treasure trove of natural resources also don't merely exist in the form of commodities but immense natural beauty and wonder as well -- national parks, national forests, national grasslands, national wildlife refuges, national recreation areas, national scenic byways. You combine that with very rich frontier heritage and old west cultural history, and you've got what is IMO the crown jewel region of this nation.

 

[Scerpi]

Yeah, although when and where was your data from? I'm seeing substantially different numbers when I look for median income adjusted for the COLI per state from this year.
For instance:

Spoiler: Adjusted Median Incomes

Or slightly dated here.

I don't care enough to source the original data and crunch the numbers myself, but that's a very different picture.
Also, looking for the latest data, Utah seems to have lost out to New Hampshire in Gini index, and Alaska is hot on their heels.

No doubt cost of living is sky rocketing though. Housing in particular (probably worse here than the US). When I was looking for a house after graduating Uni I was looking at @$100K. Now the same houses will run you $650K+.
Wage increases haven't tracked with that, but debt certainly has. Living on the never never.

It was from 2022

 

[Ruprecht]

It was from 2022

More than a few years variation in differences between those though.
I wonder if some are using household (which yours specified, although the numbers are lower) vs personal income, or other stipulations which swing the data dramatically (perhaps they aren't using the usual ACCRA cost of living index / COLI or regional price parity?).
Utah goes from top seat for adjusted median income and wealth polarisation to extremely middle of the road for income (both in 2019 and 2024). Those weren't Mormon numbers were they (I specifically avoided any sites with an obvious political agenda to push, favouring stat nerds focused on crunching numbers)?
The other examples do all agree that, after adjustment, Mississippi is at the bottom of the ladder, and DC is at the top.

 

[iwannabeadored]

GDP isn't debt. It's all blue states going broke. Obviously you started this thread as a knee jerk reaction to what I posted in this other thread:

I don’t look at what you post.


Blue states allegedly going broke for years just like America yet quality of life, income, wealth all favor blue states. No one wants to live in those shit hole states like Oklahoma, Mississippi , Louisiana, all of those deep red states that have Been Republican run for decades. They are absolute shit holes.

 

[iwannabeadored]

Not if the democratic candidate spent $1 Billion in three months and still ended up $20 Million in the red.

If Harris couldn't even pay her own campaign staff, why should she be trusted with the US economy? That doesn't make sense.

I suppose we should trust the guy who cut revenue and increased spending lol. Trump is the king of debt

 

[KnightTemplar]

I suppose we should trust the guy who cut revenue and increased spending lol. Trump is the king of debt

And he still pushed your shit in. Cope harder.

 

[panamaican]

You sure you did the exchange rate right on that one?

I'm pretty sure. It was yesterday but there was a very good economic research paper comparing the economic value of the different social welfare systems between the 2 countries. Canada pays out more and has fewer work requirements and restrictions for accessing it.

 

[Scerpi]

More than a few years variation in differences between those though.
I wonder if some are using household (which yours specified, although the numbers are lower) vs personal income, or other stipulations which swing the data dramatically (perhaps they aren't using the usual ACCRA cost of living index / COLI or regional price parity?).
Utah goes from top seat for adjusted median income and wealth polarisation to extremely middle of the road for income (both in 2019 and 2024). Those weren't Mormon numbers were they (I specifically avoided any sites with an obvious political agenda to push, favouring stat nerds focused on crunching numbers)?
The other examples do all agree that, after adjustment, Mississippi is at the bottom of the ladder, and DC is at the top.

I'm not surprised there's been a some crazy swings due to inflation in homes, rent and other shit in the last few years.

When people fled California and New York to Texas/Florida, there was a ton of people moving here in 2021-2023.

My house value jumped from $225k to $350k during that time frame. Some of my friends who also owned homes were excited, but I told them that it really wasn't a good thing.

I went through in Denver too. It means your taxes and insurance go up... And if you decided to sell and buy another place, all those taxes and closing costs go up too.

While we're still very reasonable here in Texas compared to many states, I'm hoping things cool off and real estate slowly comes back down again here.

And FYI - I bought my home in 2005 for $170K. Five bed rooms, 3,000 SF, amazing backyard and pool

I was completely blown away how much cheaper it was here than Colorado. I couldn't have bought a 1 bedroom shit condo in Denver for $170K then.

It was like getting a massive raise just by moving states. And I love the fall/winters/spring here. Don't miss the cold at all. Just a few months of oppressive heat in the summer, but the pool takes care of that.

 

[TheNinja]

Just b/c you make less money doesn't mean you are broke.

Let me simplify it for you. You can:

1. Make $750k a year and be dead ass broke.
2. Make $50k a year and have money in the bank.


Now if you are talking about rich vs poor that might be a different discussion but again, you have to take cost of living.

You can:
1. Make $75k in San Francisco and be poor
2. Make $75k in Mississippi and not be poor