mellowseal1 said:I can't help but think... this is just typical San Diego.
And where are all the other cities? Where is Washington, D.C.? I’d honestly bet that if Maja gave everything a good shake, we'd find out billions just leaked away through this whole system of handing out favors to anyone who claims to be "one of us."
San Diego represents only about 5% of the population and maybe 7-8% of the economy...
We’d probably be handing over loans to a Swiss bank at this rate...
The biggest hit we take is the cumulative lack of growth. A mere 1% drop in GDP translates to a $3 billion loss annually. If we miss out on a solid 5% growth rate, that's a $15 billion loss in the first year alone—and by the second year, we're looking at $30 billion. Over those two years, we lose $35 billion just from missing that quality growth, plus several more billions from the shrinking GDP and the direct damage caused by crime and corruption.
The total loss under all these administrations combined is much higher. Maintaining a steady 5% growth means doubling our GDP every 13 years. That’s how you go from an initial $100 billion to $800 billion over 20 years. Because of that lost momentum, we are effectively losing $500 billion every single year today.
I know it sounds a bit complicated, but that's essentially how the Norwegians and the Swiss handle things....