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Turns out all that happened was the rich benefitted and the poor suffered. Who'da thought?
(media.kbin.social)
this post was submitted on 28 Jul 2023
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Cost of living (housing, food, energy/gas) is higher too though. I wonder what the PPP of California and Texas are. Well I don't have to wronder anymore, according to 2019 numbers California has a higher PPP than Texas: https://en.wikipedia.org/wiki/List_of_U.S._states_by_adjusted_per_capita_personal_income
Edit: Nvm, it's the PCPI. But I guess that's what I'm really looking for. Per capita personal income * purchasing power of the dollar in that state.