Joel Kotkin
By virtue of being chosen Joe Biden’s running mate, Senator Kamala Harris of California has reasonable odds of becoming president someday—and probably better odds than the average running mate, given Biden’s advanced years and sometimes shaky public presentation. That’s cause for concern, not because she represents, as some conservatives fret, the far Left but because she will promote the spread of California’s increasingly feudal political and economic order, which undermines the upward mobility that long defined the California experience.
California today boasts a fabulously rich technology elite; it’s also home to the highest poverty rate among the states, adjusted for costs, according to the U.S. Census. Under its largely one-party regime, notes liberal economist James Galbraith, California has seen inequality grow at among the fastest rates in the country. The state endures the widest gap between middle and upper incomes in the country—72 percent, compared with a national average of 57 percent. The Golden State may see itself as a standard-bearer among advanced economies, but it suffers a level of inequality worse than Mexico. According to a recent United Way study close to one in three families in the state are barely able to pay their bills............. To Read More....
By virtue of being chosen Joe Biden’s running mate, Senator Kamala Harris of California has reasonable odds of becoming president someday—and probably better odds than the average running mate, given Biden’s advanced years and sometimes shaky public presentation. That’s cause for concern, not because she represents, as some conservatives fret, the far Left but because she will promote the spread of California’s increasingly feudal political and economic order, which undermines the upward mobility that long defined the California experience.
California today boasts a fabulously rich technology elite; it’s also home to the highest poverty rate among the states, adjusted for costs, according to the U.S. Census. Under its largely one-party regime, notes liberal economist James Galbraith, California has seen inequality grow at among the fastest rates in the country. The state endures the widest gap between middle and upper incomes in the country—72 percent, compared with a national average of 57 percent. The Golden State may see itself as a standard-bearer among advanced economies, but it suffers a level of inequality worse than Mexico. According to a recent United Way study close to one in three families in the state are barely able to pay their bills............. To Read More....
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