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Every Thing Else Board
Stockmarket Fear and Greed
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<blockquote data-quote="greybeard" data-source="post: 1560014" data-attributes="member: 18945"><p>Munger also had some interesting comments on California, NYC, and Connecticut yesterday. </p><p>"<em>"It's been serious. Driving the rich people out is pretty dumb if you're a state or a city," Munger tells CNBC's Becky Quick in an interview. "There are a number of places that have shot themselves in the foot; Connecticut, California, New York City."</em></p><p><em>"I think it's really stupid for a state to drive the rich people out," he says. "They are old, they keep your hospitals busy, they don't burden your schools, police departments or prisons. Who wouldn't want rich people?"</em></p><p>https://www.cnbc.com/2019/02/15/charlie-munger-says-california-connecticut-have-been-stupid-for-driving-rich-people-away.html</p></blockquote><p></p>
[QUOTE="greybeard, post: 1560014, member: 18945"] Munger also had some interesting comments on California, NYC, and Connecticut yesterday. "[i]"It's been serious. Driving the rich people out is pretty dumb if you're a state or a city," Munger tells CNBC's Becky Quick in an interview. "There are a number of places that have shot themselves in the foot; Connecticut, California, New York City." "I think it's really stupid for a state to drive the rich people out," he says. "They are old, they keep your hospitals busy, they don't burden your schools, police departments or prisons. Who wouldn't want rich people?"[/i] https://www.cnbc.com/2019/02/15/charlie-munger-says-california-connecticut-have-been-stupid-for-driving-rich-people-away.html [/QUOTE]
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