Quote:
Originally Posted by 1blackman1
Kink doesn’t know what he’s talking about and Texas and Florida get more money back from the federal govt than it’s citizens pay into the federal coffers.
And since you’re being obtuse, intentionally I presume, of course the states don’t write a check to the Federal govt but it’s citizens pay money into the coffers and the federal gvt sends money through programs back to the states.
All those states y’all complain about get back less money while all those red states get extra money. Why? Because they are usually shit economies.
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I know exactly what I'm talking about and read the post above that only 8 states pay more than they get back. And CA is NOT one of them. Somehow Utah and Nebraska made the list.
And thank you for reiterating my point that states do NOT pay money to the federal government.
Are you really saying that TX and FL have shit economies? Then why is everyone moving to those states? Mostly from NY and CA, too.
NY and CA are radically imbalanced between billionaires and low-income. They are squeezing out the middle class. Even with 8-9% state income taxes on top of sales taxes and property taxes, they are essentially broke. Their "wealth" is built on debt. They cannot meet their pension obligations and need an immense federal bailout - if Biden is stupid enough to do that.
Let me ask you something: when the federal government bailed out Wall Street in 2008, did you count money that against NY state (and possibly NJ and CT)?
Because if you count the taxes paid by Wall Street bankers and stock traders as part of the money paid by NY, then you have to count the money paid to those same businesses to bail them out. The trillions paid to bail out the banks vastly exceeded the taxes the rich NYers paid. So, how can NY possibly be in the black instead of in the red?
The rest of the country bailed out Wall Street and NY benefitted immensely. Same for NJ and CT, where a lot of them live.
The gravy train kept running.
If and when the federal government bails out NY with funds vastly in excess of their COVID costs, NY will use that money to pay off the fraudulent MTA pensions and benefits and teachers unions. Are you going to count that money against the money NY receives back from the federal government?
NY and CA do not have well run economies. They have private industries that have been located there for a long time that they have been bleeding dry. The rich like to stay in NYC, SF, and LA because of the culture, weather, scenery, etc. so they put up with a high state taxes UP TO A POINT. That results in a lot of the 1% residing in a few big cities.
But if the states had such great economies, why is upstate NY a basket case? And it has been for decades. Cuomo tried to jump start some green energy initiatives in Buffalo and other locales and they ALL tanked. Nothing but debt to show for their efforts - and higher energy costs.
