re: #263 iossarian

Well, that wealth transfer has been going on for decades, if only in slightly different form. Northern states like NY, NJ and Connecticut have been sending billions of dollars more to the feds than they’ve gotten back in return.

What that means is states like Texas, Mississippi, Louisiana, and other Southern states have been able to keep their state and local tax rates abnormally low while the feds were funding all kinds of local development projects. If the states got back what they paid in, NY and NJ would have billions of dollars more that they could turn into new development projects, or reduce their high tax burdens.

Which States Are Givers and Which Are Takers? The usual suspects all line up… http://t.co/5H26nwvAYY

— lawhawk (@lawhawk) May 5, 2014