You have posted this crap before New York PAYS for it's own benefits, in fact New York is the LARGEST single contributor to the federal coffers and gets the least in return This is about OTHERS paying for your welfare, New York and California pay for their own - Cons want Liberals to pay for their livelihood and then belittle them for their generosity.
Only with fuzzy math pushed by the left does New York pay for its own "benefits". This is amply demonstrated by the USA Today article which provides the math.
Fuzzy math? That's federal balance of payments that you can download directly from government's website. The USA today article talks about STATE BENEFITS, New York has high taxes and generous benefits - that's how it's supposed to work unlike Red states who have generous benefits paid for by New York. Tell me the fuzzy math behind Mississippi - the most conservative state in the union paying the LEAST amount of taxes. Why the high correlation between conservatism and low income?
From YOUR USA Today article "Overall, government checks flow from affluent states, generally in the Northeast and West, to less affluent states, especially in the South." Thanks for the learning, it confirms what I and UsualName has been saying all along.
Well -- not to worry - Congress is about to take away the pre-tax 401K deductions used primarily by people in the top 20% living in blue states. It will add an additional $77 Billion per year to the federal budget. The double whammy of 401K deduction changes and ending state/local tax deductions is going to create a entire new ball game when the blue states finally start paying their share on a family basis. Maybe while they are at it we can move all these unwanted military bases back to blue states -- and continue the claim that these represent federal welfare to the state where it is located.
https://www.thestreet.com/story/143...imits-will-hurt-fidelity-vanguard-and-tl.html I wonder how much money flow will move from savings and investing to current spending instead? Money flows might change quite a bit.
You have a point. It is also bad public policy from the perspective that people will even save less for retirement -- and the lack of retirement savings (and dearth of pension plans now) is a significant issue in the U.S.