Demise in California

 Money Wise:

Blessed with stunning coastlines and splendid weather, California is renowned for its scenic beauty, dynamic urban centers and diverse cultural fabric.

But “Shark Tank” star Kevin O’Leary is not a fan of the Golden State. He recently labeled it as the “worst managed” and “most uncompetitive” state in the country.
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O’Leary's comments emerged during a recent Fox Business interview when he was asked about the push for a $50 per hour federal minimum wage by Rep. Barbara Lee, D-Calif.

“The problem with that narrative is it does not discuss the real root issue,” O’Leary said.

He specifically criticized San Francisco, describing the city as “an absolute warzone” and citing it as an example of “how you can get to being a rat hole over 10 years.”

He suggested that rather than focusing on minimum wage issues, California's politicians should improve how the state is run.

“So why not discuss better management of the resources versus just continuing to pay for inefficiency and lack of executional skills? That place is a loser state — the number one loser state on my list of winners and losers,” he stated.
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California used to be a great state when Reagan was governor, but since the Democrats started winning elections there the state has gone downhill.  The state has been losing population in recent years becasue of the decline.

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