CALIFORNIA TOPS POVERTY LIST

Quantifying something that the business community has been warning about for years, California’s strict laws on a variety of issues and regulatory thicket has made our state one of the most expensive states in the nation and has pushed our “supplemental poverty measure” to the dubious first-place in the nation position.

“The US Census Bureau’s Supplemental Poverty Measure puts California’s poverty rate at 20.6 percent, just above Florida, which sits at 19 percent. By comparison, the state with the lowest poverty rate is New Hampshire at 8.7 percent. The supplemental poverty measure takes into account the cost of living, taxes, house and medical costs. The poverty threshold in California is an average of $30,000 for a two-adult, two-child family depending on the region of the state.”

Everything from grocery staples, to cooling/heating a home, to the almost non-existent availability of affordable housing has pushed lower income Californians in a very difficult situation.

Although stories on this are focusing on the impact to low income individuals, the same affect is happening to our state’s businesses as everything is taxed and regulated to the point that just staying within the law takes a full time vigilance and eats up much of a business’ capital.

Click here to read the full story in Capitol Weekly.

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