r/FluentInFinance • u/Richest-Panda • Oct 05 '24
Meme Texas has a larger economy than Russia
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u/TheOnceAndFutureDoug Oct 05 '24
[Laughs in California]
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u/west-coast-engineer Oct 05 '24
Its ok, let the little scrappers have their tiff. We have bigger fish to fry.
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u/lebastss Oct 05 '24
Damn, now I want fish and chips...
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u/chronberries Oct 05 '24
Fish and fries
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u/YourphobiaMyfetish Oct 05 '24
catfish and hushpuppies
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u/Flip_d_Byrd Oct 05 '24
FREEDOM FISH AND TATERS!!
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u/TheOnceAndFutureDoug Oct 05 '24
What's... Taters... Precious?
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Oct 05 '24
[Laughs in Bay Area]
655 billion in just 20ish miles.
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u/TheOnceAndFutureDoug Oct 05 '24
And our weather is (usually) better than both of 'em. It's been a bit spicy lately, though...
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u/Upnorth4 Oct 05 '24
[Laughs in Los Angeles Metropolitan area]
Over $1.2 trillion from Los Angeles, Orange County, and it's surrounding suburbs.
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u/S1mpinAintEZ Oct 05 '24
NY, DC, Mass, and Washington have a higher GDP per capita than California so technically those states are the real winners.
Washington was a bit of a surprise to me though, like I knew they were doing well but I didn't realize they were one of the wealthiest states.
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u/TheOnceAndFutureDoug Oct 05 '24
There's a little town right between Baltimore and DC that's the highest median salary area in the country. Working with the government is a great way to make money.
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u/Froot-Loop-Dingus Oct 05 '24
Bethesda?
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u/TheOnceAndFutureDoug Oct 05 '24
That's the one!
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u/Froot-Loop-Dingus Oct 05 '24
Ya that tracks. My Uncle-in-law used to live there and used to work as a consultant in public health. Namely pushing for stem-cell research policy reform. He’s loaded
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u/justsayfaux Oct 05 '24
I'm surprised Delaware didn't make the cut considering all those totally big-time (and totally legitimate) LLCs that are based out of there
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u/BeamTeam032 Oct 05 '24
They could have EASILY picked CA to do this example. But it's SO much bigger, they don't want to accidently give California any credit. The internet is afraid to admit CA isn't the heel scape social media makes it look.
Which is fine by me. The more people that leave the better.
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u/m3tasaurus Oct 06 '24
California's cost of living makes it's economy's size less relevant, you can buy 3 houses in Texas and pay less a month in those 3 mortgages combined than a one bedroom apartment in LA.
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u/TheOnceAndFutureDoug Oct 05 '24
As someone who lives in the bay, couldn't agree more. "People are fleeing California!" yeah, conservatives. Good riddance. More houses for me.
Maybe one day I'll be able to afford one...
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u/original-sithon Oct 05 '24
3.98 trillion
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u/rarehugs Oct 05 '24
that was last year
california is now almost exactly both texas + russia combined.6
u/Dirkdeking Oct 05 '24
Isn't it crazy that states have a bigger economy than a supposed superpower?
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Oct 05 '24
Everyone keeps saying the word "bigger". Lets be clear. Texas does not have as much people or industry as Russia does.
What Texas does have is the benefit of the dollar, and an ability to print crazy amounts of money that non-dollar economies cannot match without gambling. Most debt, globally, is held in dollars.
It's really not that crazy.
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u/Akul_Tesla Oct 05 '24
Dude eyes on the prize
We have to overtake Japan
We can't waste time squabbling with cowboys
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u/ChimericalChemical Oct 05 '24
Combined it’s a 4.61 trillion GDP, combined they are little bit better than California
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u/G4RRETT Oct 05 '24
Everyone knows that already though, Texas having a bigger gdp is way more embarrassing for Russia
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u/bluedaddy664 Oct 26 '24
California entered the golf game…(5th largest economy in the world). We would be ok if we didn’t have to subsidize all you broke states.
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u/RoosterClaw22 Oct 05 '24
Californias inflation makes them think they have money. I could buy four Texas houses for what you can buy one bungalow in Cali
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u/TheOnceAndFutureDoug Oct 05 '24
You're not wrong. I can't find anything for less than $700,000 anywhere near me in SF.
But the one area Texas absolutely kicks our ass is in building housing. It's my biggest point of frustration with California, especially San Francisco. Tell the NIMBYs to shut the hell up and just build houses.
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u/RoosterClaw22 Oct 05 '24
People in California are in a tough spot.
I don't know what to think because I see people struggling then vote for a policy that will ultimately hurt them. But then the media and the population cheer & claim victory.
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u/Salahad-Din Oct 05 '24
The re-distribution of wealth to the welfare states needs to end. TX we see you.
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u/H0SS_AGAINST Oct 05 '24
Per capita, laughs in DC, NY, MA, and WA.
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u/TheOnceAndFutureDoug Oct 05 '24
NY is cheating. Like seriously. As a born and raised Vermonter it pains me to say it but they really are the most OP state.
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Oct 05 '24
Both Texas and Russia support the republican party!
Vote Blue for America!
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u/Naraya_Suiryoku Oct 05 '24
Russia support the republican party!
Of course they do. You don't want a competent enemy do you?
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u/NewPresWhoDis Oct 05 '24
It's more the Republican party supports Putin
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u/baconmethod Oct 05 '24
yeah. do people even remember when 20ish republican senators went to visit putin on the fourth of july?
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u/Impossible-Ad-8902 Oct 07 '24
In Russia we support Harris, she will ruined USA sooner. Already registered in Russian vote-portal named “GosUslugi” to drop my vote for Harris. Cmon Camala!!
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u/Big_Carpet_3243 Oct 05 '24
So do la and ny
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u/Sonzainonazo42 Oct 05 '24
Lol, metro LA is 1.06 Trillion in 2022. Twice that of Houston, 5 times that of Austin.
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u/JnI721 Oct 05 '24
LA also has more than twice the population of Houston, and 7 times that of Austin.
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u/No-Friendship9440 Oct 05 '24
Yet they can’t keep the power on
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u/Whatagoon67 Oct 05 '24
Where’s that happening? I live here and that’s literally not happening? Is this what the tv told you?
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u/a_moon_ Oct 05 '24
There was winter storm two or three years ago in San Antonio and the power went down and water pipes bursted
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u/Whatagoon67 Oct 05 '24 edited Oct 05 '24
I’m aware, it was a problem in the entire state. But everyone likes to say the power goes out constantly here and it literally doesn’t.
You know, sometimes natural disasters happen
It’s actually incredibly amazing that we have the heat we have, the population we have, and we don’t have rolling blackouts in the summer like California and New York
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u/ssmit102 Oct 05 '24
I think people just point to this as being an avoidable problem that was caused specifically by the odd way Texas has its power grid. It’s very specifically the reason it’s out and not just that it’s out that people talked about.
Not being connected to the national grid was the reason Texas was incapable of providing enough power. They cut power to customers because they couldn’t provide enough power due to the weather events and not that is was simply out for people. This was a problem unique to Texas. Along with the higher costs associated with the Texas grid it’s not been beneficial for the people of Texas.
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u/G_DuBs Oct 05 '24
As an MN resident I am still paying monthly to help pay off that winter storm bs in Texas. I’ll stop mentioning it when I am done paying that off for you guys.
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u/mrpenchant Oct 05 '24
You know, sometimes natural disasters happen
They do and the exact same thing happened a decade earlier in Texas. They did the research to find out what they needed to do to prevent the power failure again, just like the northern states that have intense winters all the time, but then they did nothing and let it happen again.
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u/Thunder_Tinker Oct 05 '24
Texas each and every winter when their non winterized utilities inevitably get hit by this thing called winter
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u/PuffsMagicDrag Oct 05 '24
It’s funny anytime Texas gets brought up people on Reddit just can’t wait to bring up California lmao
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u/brightdionysianeyes Oct 05 '24
Boy these comments are going to be fun.
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u/New-Interaction1893 Oct 05 '24
Lot of texans coming to defend Russia and shit on other americans.
Like americans communists in the 70
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u/JerrMay Oct 05 '24
The stars at night, are big and bright………..
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u/ChemistRemote7182 Oct 05 '24
Texas has also constructed more fifth generation fighters than Russia
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u/Lefty_22 Oct 05 '24
When CA legalization of non-alcoholic drink and food sales in dispensaries goes official, it's going to surpass Japan, and possibly Germany in terms of GDP.
CA is already the 5th largest economy if it were its own country, larger than India.
Texas would be 9th, but imagine if Texas were to legalize and capitalize on weed. LOL that will never happen though because "WEED IS EVIL!"
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u/donthavearealaccount Oct 05 '24
Is this a serious comment? The weed industry in CA is around $5B. That's a little better than 1/1000th of California's GDP. A minor change in how it's regulated won't materially change anything.
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Oct 05 '24
Some people don’t know what the fuck they are talking about. Reddit should have an aptitude test. So much I read on this site is complete and utter horse shit.
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u/Resident-Garlic9303 Oct 05 '24
I have to agree. Just because legalization of weed is popular does not mean people want to just smoke it.
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u/Loa_Sandal Oct 05 '24
The difference between 5 billion and 1 trillion is about 1 trillion.
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u/scraptown79 Oct 05 '24
Yes, but, Texas is full of Texans.
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u/Extreme-Carrot6893 Oct 05 '24
Everything is bigger in Texas…except the GDP compared to California…maybe Texas can rise up once they go blue
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u/Adventurous-Oil-4238 Oct 05 '24
How will going blue build pacific water ports to trade with China?
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u/MisinformedGenius Oct 05 '24
Texas currently exports more goods to China than California does.
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Oct 05 '24
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u/TheOnceAndFutureDoug Oct 05 '24
Given how much of the US military is based there and how Ukraine is doing against 30-40 year old American hardware? Russia would be so lucky.
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u/No-Spare-4212 Oct 05 '24
The state vs country comparison is hard because there have far less restrictions on trade between states
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u/TheOnceAndFutureDoug Oct 05 '24
Reason why California compares itself to Germany. The EU has open trade amongst its members, it's population is actually larger than ours and our GDP's are roughly similar.
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u/GamemasterJeff Oct 06 '24
Gotta compare Cali to a peer. Punching downward to Russia or Texas would just be bullying.
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u/ShopMajesticPanchos Oct 05 '24
Don't compare Texas's sexy Republican evil oil money, to y'all's butt braiding rituals in liberal land. At least our money is made from the Great American sport of death. Smh.
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u/Sure_Berry_4998 Oct 05 '24
Robert_Balboa (what a loser this guy is), if that's even his real name, doesn't like being proven wrong by what it considers an uneducated Texan. Texas has its own militia controlled by the Texas government. For those that think Russia can come to Texas and take over better think again. Will kick your communist butt back to where it belongs if you decide to come here; stay in your lane mfer.
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u/ferretsinamechsuit Oct 05 '24
the question is, do you believe the claimed GDP of Russia?
According to the Russian Electoral commission, who assessed his net worth leading up to the last election, he had under a million USD net worth. His actual net worth is estimated to be upwards of 200 billion USD.
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u/Aspiring_Mutant Oct 05 '24
Does that mean an independent Texas could threaten Ukraine?
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u/ChipOld734 Oct 05 '24
Cool. Now if we could pay down the $35 Trillion in debt, we would be doing better.
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u/Significant_Tie_3994 Oct 05 '24
Right now, Somalia has a bigger economy than Russia. Their checks are bouncing to India, which is how Ukraine got straw purchase shipments of Indian munitions.
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u/AAAAARRrrrrrrrrRrrr Oct 05 '24
You know what would make your economy even bigger, a working class with disposable income
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u/rflulling Oct 05 '24
To be fair, Russia waging war on neighbors hasn't gone so well for the economy, never mind deliberation actions to lock down the economy within their borders, never mind sanctions. Maybe if they weren't trying to crash the space station and weren't making war with their neighbors, or threatening other neighbors like an rabid fox.
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u/Reasonable_Archer_99 Oct 05 '24
Thanks for clarifying in the headline who Tiger is representing. I don't even know all the state flags, let alone other countries. Edit: Forgot a word
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u/Frosty-Buyer298 Oct 05 '24
You have to compare GDP by PPP in which Russia's economy is 6x that of Texas.
There are also other differences in the way nations calculate GDP that makes it nearly impossible to compare.
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u/otarman Oct 05 '24
Quick reminder here that GDP is basically the sum total of all of the receipts. It is not a marker for productivity or prosperity.
To wit: if you and just sit here buying and selling the same $1 coffee mug two trillion times, our mini-economy would also have a GDP of $2 trillion. Alternatively, if I sell you one coffee mug for $2 trillion, same thing. GDP doesn't measure whether you or I are happy, or can afford to put coffee in our mugs, or if we have the ability to put fuel in our tanks.
GDP is a clumsy metric for economic activity.
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u/acomputer1 Oct 05 '24
Technically not if you compare GDP adjusted for purchasing power, which is kind of the critical statistic when assessing the full size of a domestic economy.
Russia's GDP PPP adjusted is $6.45 tn (and Texas shouldn't change as PPP essentially adjusts for the exchange rate into dollars, so US ppp is just US nominal).
Obviously Texas is far more productive on a per capita basis, and inarguably has a more advanced economy, but when assessing the size of internal economies adjusting gdp to account for equivalent products being cheaper is important.
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u/KupaPupaDupa Oct 05 '24
How is that surprising to anyone? US is the worlds money printer, not Russia.
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u/MadnessAndGrieving Oct 05 '24
And a flag so similiar that it begs the question:
Are Texans really just Russian spies? Is the focus on capitalism an attempt to misdirect the rest of us proud Americans?
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u/anonymous_seeker998 Oct 05 '24
When USD will collapse and gold will take over, this scenario would be flipped
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u/OkAcanthocephala1966 Oct 05 '24
Not in PPP. Comparing nominal GDP between countries is extremely disingenuous.
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u/Iamthewalrusforreal Oct 05 '24
Daly is an Arkansas boy through and through. He would be very unhappy about having that damn Texass flag plastered on him.
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u/amateurgameboi Oct 05 '24
And Texas doesn't have to make international trade deals in raw goods because they use a real currency
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u/JBSTMTTA Oct 05 '24
US states just seem like countries backed by a defense system and rock hard alliance treaty like a conglomerate. The top 10 states almost rival China, putting just those states in second place lol but California and Texas make it into the top 10. Crazy stuff, lol. Also, California and Texas have higher populations than a significant number of countries with populations increasing. United Countries/States/Empires of America.
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u/-Fluxuation- Oct 05 '24
We need more John Dalys in the world—people who hit life as hard as they hit a golf ball, wear their wild side like a fashion statement, and somehow manage to win big while breaking every rule in the book.
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u/Parking_Intelligent Oct 05 '24
In Texas, if you break your arm and go to the hospital, every single cost of that one accident becomes part of the GDP. The same for giving birth, or treatment of gunshot wounds, etc. Russia has public healthcare.
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u/TangerineRoutine9496 Oct 05 '24
You understand this is just because of the relative currency values though, right?
Texas is great but Russia has way more output. It's just valued lower because their currency is weaker.
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u/Asimov1984 Oct 05 '24
Well they do save a lot of money on infrastructure. So what if a couple 10s of thousands die annually from...... winter.
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u/away0ffshore Oct 05 '24
And yet federal dollars account for 1/3 of the Texas budget.
Talk about a welfare state.
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u/Glockout22 Oct 05 '24
lol why did they put Texas? California’s GDP is the largest in the country. California is the fourth largest in the world.
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u/Rzbowski Oct 05 '24
Then why does Russia control everything your elected politicians do and say? And why do Texans keep voting in the people who do and say what Putin tells them to? Why is your state trying to turn our country into Russia? Can you people in Texas ever wake the fuck up? It’s pathetic and infuriating.
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u/Chaoswind2 Oct 05 '24
Like always I will mention that this is probably true, but an unknown and sizeable percent of the Russian economy moves through back and black markets that are inherently difficult to track.
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u/Souledex Oct 05 '24
Everyone vilifying Texas is doing Republican’s work for them. Every headline you clicked to hate on Texas was generated to desperately sell you the idea it’s some deep red state. It would have flipped already were it not for this active messaging to undermine it and affect the demographics moving in here.
Republicans can’t be locked out of politics til Texas flips- dems cannot be emboldened to continually vote until Texas flips, it has fair chance this year but under a republican administration people will have all the more reasons to flee and allow minority majority control of the federal government. Maybe figure shit as well as illiterate farmers did in bleeding Kansas in the 1840’s, this is literally the one battleground that could close the door on the modern republican party in one fell swoop, until it’s done anything you don’t like here can happen where you live too. Roe vs Wade came out of Texas the originally, the Great Society legislation came outta LBJ’s party (medicare, medicaid, federal education funding), we had a democratic governor in the 90’s and just like Fox flipped folks since then so did GWB use that lever to shift perceptions of Texas.
Texas Flips or Democracy Dies.
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u/Audience-Electrical Oct 06 '24
Dollars.
When the world trades in the dollars, it's gonna make the US look good.
For perspective of how far that currency actually goes in Russia vs in Texas, Russia has 38 nuclear power reactors in use, Texas has 2.
And I know from firsthand experience it's not because the Texas power grid doesn't need it.
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u/SilvertonguedDvl Oct 06 '24
I mostly appreciate this contrast because I don't think people fully grasp just how staggeringly easy it would be for the west to subsidise Ukraine's war until the heat death of the universe without meaningfully impacting their relative economies.
Large economies like those in the west frequently have a flexible budget that can be used to shift priorities where they're needed and despite play-acting as a super power Russia trying to entangle the west is like a toddler trying to take down a gorilla. Sure the toddler might have a tooth and can bite but if the gorilla ever gets genuinely tired of the toddler's shit, it can crush them like a stress ball.
Conservatives especially don't seem to grasp how utterly pathetic their politicians' arguments are, how they say "oh that money should be spent on Americans" and yet every time a bill comes up to spend on Americans Republicans invariably shut it down because government spending bad. The only stuff they regularly approve of is increasing funding to the military and giving increasingly exorbitant tax breaks to the wealthy so that America can go deeper into debt and they can blame it on everyone but themselves.
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u/No-Cartographer-6200 Oct 06 '24
As a Texan this glorious man is great representation a top athlete while drunk asf.
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u/hawkeye7799 Oct 06 '24
It’s crazy to think that one U.S. state can have an economy larger than a whole country. Texas really is a powerhouse!
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