Another big tax cut ?

those states also have the highest combinations of  educated workforce, healthcare , infrastructure, and quality of life.    And thats why silicon valley is in California and not Mississippi.   And they tend to put more money into the federal government than they take out.

 

The states that overwhelmingly get more money from the government than they put in are the same ones that preach Ayn Rand crap about everyone paying their own way.   

 

And if we are going to play the anecdote game then I'll point you to Kansas' fiscal nightmare based upon the Republican ideology that you grow tax revenue by cutting taxes.

 

 

Edited on Aug 1, 2018 7:16am

Talk about "fiscal nightmare" just look at California, a Liberal Democratic farce. 

"those states also have the highest combinations of  educated workforce, healthcare , infrastructure, and quality of life"

Under that logic they should be the least taxed states, as that part of the population requires the least amount of resources.

NYC with a stable poplulation has managed to increase the workforce under deblasio.  Unfunded pension liabilities are drowning these states.

Originally posted by: David Miller

Talk about "fiscal nightmare" just look at California, a Liberal Democratic farce. 


I did.   They have an 8 billion dollar surplus this year.    You can like or not like Democratic policy.   At least they are honest about math and pay for their legislation


 "At least they are honest about math and pay for their legislation"

 

Not quite, California's unfunded pension liability is $450 billion

California has miraculously paid off their pension liability by 2/3 since Tom made up his figure and posted it.  And at 69% funded - that puts them ahead of the national average.     

 

summary of California pension liability

 

"Pew agrees with the official CalPERS calculation that it was 69 percent funded, which is slightly higher than the 66 percent level for state pension systems nationwide. That's a $168 billion unfunded liability – again assuming that it will meet its earnings goals, which is dropping slowly to 7 percent."

Edited on Aug 1, 2018 9:57am

Read the entire article which states that all levels of govt are stretched to meet their pension obligations at the expense of providing services to the taxpayers

I did - which is also the case in most states due to historically low return rates from bonds.    But, again, California is doing better than the national average....and way better than Kansas.    I'd trust Gerry Borwn's math over Sam Brownback's any day.

Edited on Aug 1, 2018 10:51am
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