California

California, following in the steps of Europe, has attached future growth to the green new deal. Government decisions are based on climate considerations. Passing laws, like no new gas-powered cars after 2035 which led to shutting vital oil pipelines and closing refineries and gas prices a dollar higher than the rest of the country. Home owners pay 30 cents per kWh when the other states pay 15 cents. In order to meet the environmental requirements, to build a house means $29,000 in permit fees compared to Texas $1,000. This also means 25 months to build a house vs the national average of 8 months. The result is the average cost of a home in California is over $800,000 vs the $375,000 in the rest of the country. The same story can be told for all economic development in the state. This is just what happened in Europe and their share of world GDP has declined from 27% in 1980 to 13% today. This is all based on the idea that wind and solar can replace fossil fuels. For 50 years after WW 2 California was booming having beautiful whether and scenery but since 2010 things have gone downhill. Even though the state has high income tax rates the budget has suffered. The state suffers from budget shortfalls and long-term liabilities of $500 billion to cover retirees present and future.