'Go woke, go broke': Billionaire Chamath
Palihapitiya suggests that Northeast cities
like NYC and Boston are hemorrhaging income
due to political ideology — while the
South keeps booming
MoneyWise,
by
Vishesh Raisinghani
Original Article
Posted By: Dreadnought,
10/23/2023 12:09:45 AM
With a single tweet, Chamath Palihapitiya, the CEO of Social Capital, recently became the provocative main character of the day on X, formerly known as Twitter.
Palihapitiya sent out a screenshot of a Bloomberg article based on how six southern states had contributed more to U.S. gross domestic product than the northeast corridor of Washington-New York-Boston for the first time in history. But it was his accompanying caption that sparked hot debate: “Go woke, go broke,” he said, implying that the ongoing culture war and economic policies of northeastern states had facilitated the migration of wealth and economic power to the South.
While tweeps weighed in with their own thoughts
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Reply 1 - Posted by:
DVC 10/23/2023 12:30:07 AM (No. 1583871)
Mr. Palihapitiya is exactly correct.
17 people like this.
Reply 2 - Posted by:
synchronicity 10/23/2023 12:58:33 AM (No. 1583875)
I left the Boston area 44 years ago at the age of 27 on the advice of a family acquaintance (was a High School science teacher in Cambridge at the time) - never looked back. Made my fortune in the oil patch: Texas, Utah, England, Scotland, Egypt, Saudi Arabia and now Louisiana. I wouldn't move back to the Northeast U.S. for a million dollars and couldn't be happier in my retirement.
16 people like this.
Reply 3 - Posted by:
smokincol 10/23/2023 1:50:54 AM (No. 1583887)
he is absolutely right but the bidenistas will still continue to spread the "climate change" rhetoric as long as they can with, of course, the help of the commie media
18 people like this.
Reply 4 - Posted by:
anniebc 10/23/2023 7:50:52 AM (No. 1583977)
Okay, he's right, but shhhhhhh. . . We don't want no more idealist communists moving down here thinking they know better than us. Like locusts they destroy everything they touch.
17 people like this.
Reply 5 - Posted by:
forward 10/23/2023 8:07:16 AM (No. 1583987)
I'm actually close to the reports and data on this for NYC. It's not a "woke" thing mostly. It's about money primarily (very high taxes, sky-high operating costs for lease/rental or office purchase, and exorbitant cost of living for employees). Also weather and (for NYC) crime; non-senior employees who need to take public transportation do not feel safe taking it.
6 people like this.
Reply 6 - Posted by:
JHHolliday 10/23/2023 8:31:49 AM (No. 1584004)
#5 is correct. The “wokeness” does contribute, of course, high crime, homeless bums using the streets as toilets, etc. The main mover is the insanely high cost of living in so many cities. I was in Tucson a few years ago and my Uber driver had moved his family from San Diego. He said even with he and his wife working, they couldn’t make it there.
6 people like this.
#6 - The median home price in San Diego just hit $1 million.
2 people like this.
Reply 8 - Posted by:
cor-vet 10/23/2023 10:19:59 AM (No. 1584053)
I live in South Louisiana and it's really hot, and most years rainy, with all kinds of bad critters. I recommend the elite yankees stay where they are!
10 people like this.
Reply 9 - Posted by:
Gordon Mills 10/23/2023 10:43:09 AM (No. 1584071)
Shouldn't there be some kind of law to prevent them from leaving? Maybe if they were forced to stay in a cesspool of their own making they would clean it up.
6 people like this.
Reply 10 - Posted by:
chumley 10/23/2023 11:52:11 AM (No. 1584128)
Agree with other posters. East coasters would be well advised not to move here. We talk funny. We only have one set of teeth for the whole family. If you dont bring a cousin, you will not be marriage material. Every purchase at our book stores comes with crayons. The family trees here have no branches.
You would really be happier staying in New York or New Jersey.
7 people like this.
Let's sing a round of "Dixie." All together now.....
1 person likes this.
Reply 12 - Posted by:
Skeptical1 10/23/2023 8:37:22 PM (No. 1584429)
As a side note, the article states that Mark Cuban's "Cost Plus Drugs" sounds kind of like a woke company. Woke or not, after visiting their website, I think it's worth checking out if you're using a generic, but still expensive, prescription drug. If it's on the level, the savings can be stupendous.
0 people like this.
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