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Great feeling, isn't it?
Arcanagara and Mr moneymachine
YOU'LL HAVE MORE FREEDOMS WHETHER YOU WANT TO OR NOT
Darle barrroda, Mr moneymachine, and Anarchocapistan1204
But I don't want on-
Seems like a you problem, Also first subscription fee time!\
How does banning pennies because they cost more to make lead to the economy going down?
are you implying that Texas is more Backwards than Louisiana, Mississippi, West Virginia, Alaska, Hawaii, Arizona, New Mexico, Georgia, both Carolinas, Kentucky, Tennessee, Utah, Oklahoma, Missouri, Arkansas, and Florida!?
also Texas has a higher GDP then New York, the Lowest Debt per State, New York has the most Debt and California Ranks 5th in debt
so if anything Texas Subsidizes New York.
but id Argue that the top 10 States Subsidize the rest of the 40.
Arcanagara, Egoistic markets, and Mr moneymachine
No. Texas does not subsidize New York - or anybody else. It is a simple fact that in 2019 the federal government spent almost $23bln. less in New York than collected in taxes but spent over $19.5bln. more in Texas than collected in taxes. So effectively New York just sent $20 billion to Texas (and then some more to other states - e.g. Kentucky received three times more from the federal government than paid in taxes). In previous several years the trend was the same. You can argue whatever you want, but the easily verifiable reality is that the economic and fiscal engine of America consists basically of the NYC area and California (and that, plus Seattle, basically sums up America in the perception of foreigners, most of whom would struggle to name any familiar American product from anywhere else).
Egoistic markets and Mr moneymachine
ah sir, while some of this fact is true at its face value, the meaning of it is actually more than that.
if a state (or province) collected tax more than another state, it doesn't mean it gave the federal (or central) government more income, nor that income is directly subsidize other states. this might be shocking, but it simply means the state's spending is higher than other state.
warren mosler once said this in his paper: for the most part, tax rate is proportional to spending. so if new york collected more tax than texas, it means new york has more programs to spend money on than texas.
you also mentioned fiscal engine, if you meant fiscal engine is an engine that creates and controls money, then it can't be attributed to a certain territory/state, because all money comes from the central bank, its circulation is also controlled by central bank through interest rate policies.
Anchillas, Mr moneymachine, Anarchocapistan1204, and Divided Wastelands of America
No, tax rate is not proportional to spending. I was talking very specifically about federal taxes. The federal government collects taxes in all states and also spends money in all states. In New York it collects a lot more money in taxes than spends, in Texas vice versa. If New Yorkers were only paying for spending in their own state, they would need to pay a lot less in taxes. But in effect they subsidize Texas and other states.
New Portuguese Empire and Anchillas
By fiscal engine I meant taxes for the government.
well back when America Actually Manufactured Things instead of the "Service Economy" and outsourcing they'd Recognize Coca Cola, (Georgia)
GMC, Ford, Chevy, (Michigan) but now since its Just Software used by Micro Chips manufactured In China then sent to be assembled into a Plastic Case in some third World Hellhole then Yeah, its Just Silicone Valley, Seattle and the New York Stock Exchange. Texas and the rest of the country don't make anything of Value the the Ignorant Foreigner's could mention, its not like Texas has the Oil Industry, Texas Instrument's, Dell, AT&T, Bell-Textron and many more Company's some of which moved to Texas Form California and New York,
Their are 3 American States that the Average Ignorant Foreigner's know anything about.
California, New York, Texas,
some of the Less Ignorant Foreigner's might also Know about Florida, form the "Florida Man Antics" or Hawaii because they went their on Vacation.
yet we are Talking about the same Foreigner's who Think the Term "Yankee" applies to every American. yet would be offended if an American Mistook them for being form a similar Neighboring Country, and example would be confusing a Belgian for a Frenchman , a Kiwi for a Australian, or even a Austrian for a German.
Mr moneymachine and Anarchocapistan1204
I think he just likes Craping on Texas.
Arcanagara, Mr moneymachine, and Anarchocapistan1204
Seattle Actually Manufactures Things like airliners. California exports much more than software - e.g. Hollywood. Oil industry is the past (not completely, as it will still be irreplaceable for many things for the rest of the century at least), and Silicon Valley is the future. Just for the record, I have only ever lived in the Carolinas and have no intention to move to either the West Coast or the Yankee land.
Well, i thought we were talking about state govt, if it's federal govt then yes, tax rate is not proportional to spending. but saying federal govt spend money on the states is an oversimplification because in the US, the federal govt can only spend money through the programs of executive agencies. it can't directly spend money onto each of the states because there will be overlap in fiscal jurisdiction.
what you may understand as federal subsidization of a state is merely executive programs executed in a particular state, it's not that the federal govt giving away money for the sake of subsidizing state govt.
Mr moneymachine and Anarchocapistan1204
(It's a state bud)
Darle barrroda and Mr moneymachine
I wouldn't call foreigners ignorant for not being well-versed on the internal geography and politics of other countries, I (and I expect most people too) hardly know anything about France outside of Paris nor very much about Australia, which aren't insignificant countries, and I certainly can't name most of their inventions nor where they came from on a state level. Indeed, your assumption that most foreigners often use the term "yankee", know only three specific states, and would likely get gravely offended over a trivial matter may be construed by some as a form of ignorance itself.
I know, and Texas isn't turning back to the federal government anytime soon. Their economy is rapidly growing due to a large amount of businesses choosing to reside in it. They have there own privately-owned power grid (which should seek major improvements with chance of failure and such), and they have access to the Gulf of Mexico, which could prove handy for trade with nations like China that usually use boats to export there goods. Though they cannot LEGALLY gain independence from the US, I suppose if they ever tried they would obtain help from countries around the world that are sick of America's dominance over the Earth.
Arcanagara, Anarchocapistan1204, and Divided Wastelands of America
California's demise is inevitable. Many companies including Tesla and Oracle are locating there primary HQ to somewhere else due to excessive economic regulation and high taxation. Though they have made the Greater Sacramento Economic Council to lure more businesses in with subsidies and such, it has so far been not very successful.
Arcanagara, Anarchocapistan1204, and Divided Wastelands of America
I doubt Texas would get help, helping an internal revolution would be a line too far to the United States and probably NATO as well so nobody would risk such a thing.
The American Empire will eventually collapse and when it does Texas will be in the best position to maintain some sense of normalcy.
I was being sarcastic. Sorry.
It's not like Texas has a choice. Yet when the US Empire collapses and the grid goes down. Texas would still have electricity.
I am pleased to announce, after a few days of trying to right my wrongs, I have saved Hanzai City from the brink of total annihilation from the inside out, and we are no longer classified as a anarchy, but rather a coporate bordello! And all it took was to sacrifice civil rights and administer ID chips into every citizen's brain!
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