> BAGGERS: Please explain why California is so much more successful than bagger states

California is killing it, bagger


https://archive.is/AuMwz [Caution (Redirect)]

Of all the prevailing media narratives around Gavin Newsom, the one that is most conspicuous by its absence is how under its two-term governor California became the top performing economy not just among its 49 siblings but also any developed nation. No wonderElon Musk quietly sought Newsom’s help when the world’s richest man sought to move a bunch of Tesla Inc. engineers back to the state after relocating them to Texas.

Amid the thousands of headlines referencing California failings with wildfires, droughts, floods, mass transportation, aging roads, education, homelessness, unaffordable housing, widening inequality and poverty along with the exodus of billionaires, corporate headquarters and longtime residents -- never mind the “slick” label whenever the betting favorite for the 2028 Democratic presidential nomination is mentioned in the press – the Golden State (population 39 million people), just supplanted Japan (123 million) as the fourth-largest economy.

Gross domestic product surged 40% to more than $4 trillion, accounting for more than 14% of US output, after Newsom took office in January 2019. China’s, the world’s second-largest economy, expanded 32% and No. 3 Germany increased 16%, according to data compiled by Bloomberg.

California's uninsured rate declined to a record-low 6.4% in 2023, the largest drop in the US, from more than 17% a decade ago, helped by the Covered California and Medi-Cal expanded coverage programs.

Although “some of California's most prominent venture capitalists have a proclivity for slamming their state, arguing that fiscal mismanagement and high taxes will cause startups to form elsewhere,” the opposite is happening, according to Axios. “California startups raised a whopping 62% of all U.S. venture capital dollars in 2025,'' Axios notes, citing the PitchBook-NVCA Venture Monitor, more than either 2024 (54.2%) or 2023 (46.9%), as well as the decade-earlier mark of 47.2%.