by Hyperion » Tue Nov 20, 2012 11:13 am
It's really not that hard to understand.
Florida, Arizona, California, Louisiana, and Texas are all bottom tier. They have a huge proportion of undereducated whites and Hispanic immigrants.
These new statistics consider land and property rates. Property in California and Florida is much more expensive than almost anywhere else in the country (other than New Jersey and Manhattan).
I'm surprised Arizona is even comparable to these two states considering how cheap land is there. That state must suck.
California has some of the largest small business growth in the country. In fact for many years in the early 2000s it outshined every state.http://www.entrepreneur.com/sbe/growth/index.html Business success does not correlate to the success of poor people. How many more years does trickle-down theory need to be disproved before people realize this simple point?