Thursday, February 06, 2014

Rich States

The inclusive wealth index of the U.S at around $117.8 trillion in 2008. That number exceeds the combined figures for Japan, China, Germany and the UK, ranked respectively at $55.1 trillion, $19.9 trillion, $19.5 trillion and $13.4 trillion. It fell just shy of also being able to incorporate the wealth of the next-richest country, France's $12.9 trillion.

California alone is as rich as Canada (California GDP:  $2 trillion, Canada GDP: $1.821 trillion). Texas is as wealthy as Mexico. (Texas GDP: $1.397 trillion, Mexico GDP: $1.178 trillion). Minnisota is as rich as Nigeria, New York wealthier than South Korea, Arizona as rich as the Philippines. Florida’s GDP is about a $100 billion more than Switzerland’s. Even Maine, with its population of 1,328,302, is just as rich as Uzbekistan.

The USA is seventh in literacy, 27th in math, 22nd in science, 49th in life expectancy, 178th in infant mortality, third in median household income. It is number one in the legue of incarcerated citizens per capita, number of adults who believe angels are real, and defense spending, where theUSA spend more than the next 26 countries combined, 25 of whom are allies.

A plan floated by venture capitalist Tim Draper  to split California into six parts would make the new state of Silicon Valley No. 1 in the U.S. in terms of per-capita income. It would also create the nation's poorest state measured by per-capita income, Central California, which would rank below Mississippi. per capita personal income for residents of the proposed Silicon Valley state would rise to $63,288 compared with the $46,477 per-capita number that Californians currently pull.  Silicon Valley state generate a disproportionate amount of the state's income, accounting for about 28 percent of adjusted gross income. Silicon Valley accounts for about one-third of personal income-tax receipts — revenue that would no longer have to be shared with other areas of the state. Draper’s plan, which would create six new political entities:
Silicon Valley
Jefferson (the northernmost counties in the state)
North California (an east-west strip running from Marin County to Lake Tahoe)
Central California (containing much of the Central Valley and Sierra Mountains)
West California (running from the Central Coast, along the beach to Los Angeles)
South California (holding San Diego, the border zone and much of the high desert)



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