reply on: Now Is a Great Time for California to Secede \ stacker news ~econ

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10 sats \ 4 replies \ @Undisciplined OP 31 Jan \ parent \ on: Now Is a Great Time for California to Secede econ

If they secede, they can start directly monetizing their debt, which states are not allowed to do.

l get the part about if they leave, it would create a more unified government. But is that what we really want? If cali separates, why wouldnt each state do the same? Maybe they will become a dictatorship instead?

10 sats \ 2 replies \ @Undisciplined OP 31 Jan

The most likely states to leave with CA are Oregon, Washington, and maybe Hawaii. Those are four of the most socialist states in the country. The result will be an America much more open to free markets and much less interested in government "solutions".

California would likely descend into a Canada or European situation, which is still better than most of the world. The point for them is that they can have the kind of society that they want: universal health care, gun prohibition, hate speech laws, etc. It's none of my business what Californians are willing to sacrifice to have those things.

44 sats \ 1 reply \ @Satosora 31 Jan

I think the split would be more than that. Once one state is able to do it, other states will try. Can you imagine the migration of Californians if this happens. I can see many leaving Cali.

0 sats \ 0 replies \ @Undisciplined OP 31 Jan

The dynamics would be that without CA (and the other progressive Pacific states) the internal politics of the country would be more palatable to most of the remaining states, so they'd have less incentive to leave.

The main outlier to that logic is New England. All the better if they leave, too. Good luck and good riddance.