UCLA Study: Gay Marriage a $370 Million Boost to California Economy
The figure is an estimate of the financial benefit to the state's economy over the next three years. (Gay couple can marry in California beginning June 17). The study is not on the web site of UCLA's Williams Institute, but the LA Times has the story today.
One might think such a figure would have no political impact in how Californians decide a controversial social issue such as same-sex marriage. But we have a history of voting with our pocketbooks even on such issues. In 2004, for example, Californians approved a ballot initiative floating a $3 billion bond for stem cell research, despite strong federal prohibitions on such research. In other states, stem cell research was debated as an ethical issue. Here, the governor argued for the financial advantages that would accrue to California from taking a leadership role in such research. That was a winning argument. Polling shows that moral arguments made little impact.
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Damage the economy for bigotry
It is hard to believe that Californians would harm their own economy just to keep a tiny minority of people from becoming happily married. Are people that stupid or just filled with hate?