Galt's Gulch

MAP: What $100 is actually worth in your state

Posted by $ nickursis 8 years, 9 months ago to Economics
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This is interesting, the place with the least value is, of course, the place with the most looters (Obama, DC). My little nest of pilferage (oregon) actually kept is feeble head above water, and the Land Of the Liberal Socialists (Kalifornia), is chasing DC for the bottom rung of the ladder.
SOURCE URL: http://www.businessinsider.com/map-what-100-is-actually-worth-in-your-state-2015-7

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  • Posted by VetteGuy 8 years, 9 months ago
    Wow. I feel like I just got a raise (I'm in Alabama).
    Thanks!
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    • Posted by $ nickursis 8 years, 9 months ago
      You are now officially wealthier than a Kalifornian.
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      • Posted by $ MikeMarotta 8 years, 9 months ago
        No, they are poorer because the people around them do not generate capital.
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        • Posted by VetteGuy 8 years, 9 months ago
          No, I generate sufficient income for my needs (plus a little). And it goes farther in Alabama than it would in most other places in the US.

          Would my income be higher in CA? Maybe, but not necessarily. Actually, in my case I can state definitely not. I work from home, but my company is based in New England. I get paid the same no matter where I live. When I graduated college, one of my job offers was for a high-cost-of-living area, and they wanted to pay me less. I didn't take that offer.
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          • Posted by $ MikeMarotta 8 years, 9 months ago
            I knew a guy who completed his degree in business and went back home to a third world former colony. On what an accountant makes here and lives on here, versus what an accountant makes there and lives on there, he figured that he could live very well indeed.

            So, I see your point. You have a San Francisco income in a poor community. That works well for you, and supports my thesis.
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  • Posted by SaltyDog 8 years, 9 months ago
    I'm sure it's just an odd coincidence, but the more liberal states tend to have lower results. I'm sure there are no direct correlations.
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    • Posted by $ nickursis 8 years, 9 months ago
      Of course not, and if identified as such, I am equally sure that the media would castigate you, accuse you of racisim, sexism, anti-peopleism, and many other isms. I thought it illustrated just how much the socialistic policy pogrom can cost people, even when they pay no attention to the real cause and want to blame whatever politician they don't like. It's not the politician that kills you, they get voted out, but their policies have a habit of sticking around forever, and get camouflaged by the next guy, but still stick around and do evil. Taxes come to mind as such.
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      • Posted by SaltyDog 8 years, 9 months ago
        True, Nick. And if it were solely the cause that they wanted to argue about, fine. They could ascribe whatever they wished. It's the results that affect all of us, and that result is usually nothing, save the fact that we're a little bit poorer. They remind me of the two guys who buy a truck to sell watermelon. Then they buy the melons for $2, and sell them for a dollar. When they try to figure out how they lost money, one guy says, "I've got it! We need a bigger truck!"
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        • Posted by $ MichaelAarethun 8 years, 9 months ago
          The dollar retained it's value until 1933. then it started losing value which is to say buying power. it's now closing in on going minus. But then the Congressionals are keeping pace - in terms of their value.
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          • Posted by $ nickursis 8 years, 9 months ago
            Michael, doesn't that coincide with that little historical thing they did, when they went off the Gold Standard so they could manipulate money easier? Now all we have is fiat..unless you buy gold and silver and hide it away..
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            • Posted by $ MichaelAarethun 8 years, 9 months ago
              Exactly. 1963 was clads not coins. 1973 was the phony gas crisis to test the inflation, devaluation, repudiation method. Late nineties the phony balanced budget with a surplus which was a 1.4 trillion debt increase and 2008 the major contrived crisis using a combination of food, fuel and housing and a major go round of inflation , devaluation and debt repudiation. I don't believe they ignored the baby boomers but used it to their own advantage.And finallythe endless wars portion. All of it put together is a redo of the Cycle of Repression with the Government cast as the villain instead of theTupamaros or similar - Uruguay 1960's and Carlos Marighella the original architect are the keys to finding that background information.
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        • Posted by $ nickursis 8 years, 9 months ago
          Excellent analogy, as that is what we continue to see, day after day. It seems our politics are now reruns of reruns, and they seem to just be working on wearing us down, and with each repetative round, yeall and scream about what a new approach they will have. Remember "Change"? And "yes, we can"? Well, no they couldn't, and didn't. But the unwashed masses fall for it each time. "Buy a bigger truck" is indeed appropriate. Only the bigger truck would not have wheels or something...
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  • Posted by $ jbrenner 8 years, 9 months ago
    A proper comparison would be average salary divided by average cost of living by county, rather than state. Lumping me in with the People's Republics of Dade, Broward, and Palm Beach Counties is like lumping the Upper Peninsula of Michigan with Detroit.
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    • Posted by $ MikeMarotta 8 years, 9 months ago
      Agreed. Counties are a good way to look at it. However, cities are even better. We Americans tend to place too much emphasis on data from states. Even in a county, you will have different cities, towns, villages, etc., incorporated and unincorporated, with and without zoning, with and without legal "neighborhood associations" or "homeowner associations."
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  • Posted by dukem 8 years, 9 months ago
    I have been frequently using a website (Sperling's "Bestplaces.net") that compares any city or area in the United States to any other city based on economic, physical, cultural, and political statistics. It has an amazing amount of information, down to percentages of registered Republicans vs. Democrats. I use it to plan my future escape from an increasingly leftist state government here in Oregon, yet I notice that after 12 years here and 25 years in California, I'm still here. So pretty much any place I land will be better, according to my criteria. Idaho is looking better and better. And even that state is leaning more leftward as people fleeing the west coast find it more hospitable.
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    • Posted by scojohnson 8 years, 9 months ago
      I'm in the same boat, minus the Oregan part. I can't get used to the 'forcing' drivers to let someone pump their gas for them there because we're too stupid to do it ourselves or whatever.

      I keep looking at lake homes in the Missouri Ozarks.. This might be adding fuel to that.
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    • Posted by $ nickursis 8 years, 9 months ago
      Dukem, other than working in Aloha at Intel, Oregon does have the best weather I have found. The sheer dominance of the Democraps and the PERS piggies is what keeps this such a cesspool. Independents and the other guys can't get any traction when the majority vote a single issue. We need an Independent who will lie out his butt and promise the Pers people a 20% raise, then renege on it, at least we could get 4 years of some sanity. The current unelected governor thing is the greatest insult to democracy yet.
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  • Posted by $ MichaelAarethun 8 years, 9 months ago
    After reading the article it was apparent they were comparing the states to each other at one point in time and did not reflect the value of the dollar itself as compared to benchmark years such as 1999 (the last year gas was under a dollar a gallon. or 2008 the value after the government sponsored housing crash or consider the effects of the ethanol scam on the price of food. I suggest those values compared to today would be more realistic except perhaps in Washington DC and Taxifornia. it's still a minimum thirty percent hit. Never mind the effect of a fifty percent increase in the national debt. Does anyone know anything about the source of the information in the article? Who they are and what is their background. I'm naturally suspicous of what looks like legacy building and I viewed the statistics as this is yh our share of the pain but if completed would show how much of that pain still exists.

    If it said Cato Institute I'd be a lot more comfortable than some unknown...
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    • Posted by $ nickursis 8 years, 9 months ago
      I had a hard time telling, the Tax Foundation professes to be neutral, but so do others we know are not. However, they do seem to have a good grasp of how damaging taxes are. I just saw an article that said Chipotels in SF has raised it's prices exactly as much as the recent imperial mandate did for the minimum wage there, yet others outside SF did not. And this is a surprise? Basic economic knowledge has never seemed to be much in demand by any politician elected in the last 100 years or so IMHO.
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  • Posted by richrobinson 8 years, 9 months ago
    I remember years ago when sports fans in Pittsburgh were complaining about how hard it was to sign popular players because larger market teams could offer bigger contracts. A sports agent explained something like this map. He said the bigger problem was that most athletes couldn't understand a lower offer in some cities was actually the better contract to sign because of taxes and cost of living.
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  • Posted by $ MikeMarotta 8 years, 9 months ago
    Everyone seems to misunderstand this graphic. You can buy more in Mississippi and Ohio because no one else has any money. If you have $100 you can define your markets. New York and California are economic powerhouses where "everyone" has money, so they bid up goods and services and your $100 does not command as much.

    There's an old Saturday Night Live where Nora Dunn plays a hooker and she says to Jon Lovitz, "You cannot afford this Park Avenue hooch. Do you even make a hundred thousand a year?" and Lovitz looks at his feet. It was either in Wall Street or Boiler Room where they disparage the unsuccessful stock broker who makes only $100,000 a year. In Michigan your C-Note buys you $106, in Texas, $103. Do you really think that Michigan is more prosperous than Texas?

    And why is Texas so far behind New York and California? Many factors are at play, as the state has many towns and counties with a whole lot of nothing, balanced by the economic powerhouses of Houston, DFW, Austin, and San Antonio. Also, a factor is the cost of fascism because the State of Texas "encourages" business with "incentives." So, that trims the actual prosperity here. At least we are not as bad off as Mississippi and West Virginia.

    Look again. You know that North Dakota recently enjoyed an oil boom. How can they be worse off than South Dakota?
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    • Posted by $ nickursis 8 years, 9 months ago
      Mike, I think you are partly correct, but the "load" the state puts on in mandatory minimum wages, taxes, fees and such also contributes to what is in value. For instance, Chipotels in San Francisco raised it's prices in SF only, to cover the minimum wage increase.
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