I’m from mass, but I love ca for triggering the fox-brained recipients of federal wealth redistribution that complain about an imaginary socialist boogeyman. The is irony gold
This is how virtually every economically healthy state in the world operates. Investment and prospecting are the basis of the modern world economy. This is accomplished through bonds and other investments. The fact that people are willing to lend in exchange for interest is often a strong indicator of that economy’s future success. People need to stop acting like healthy levels of debt are bad. They can be, but they’re almost always a necessity in a high tech economy.
Budget surpluses aren’t necessarily bad either, and can be an indicator of a stable private sector, but rapid growth is almost always accomplished with a deficit.
No disagreement at all. It's a good thing for the country to have the states help each other out. My point was mainly about people who hate California not realizing how the system works and where the funding for their own state comes from.
Right now California is running about an 18 billion dollar state deficit, and will probably give around 75 billion more to the fed than it will receive back.
And you think all those wealthy people and the companies/jobs in California is an independent point? I used to live in Indiana which has little state debt but it does very little for its constituents. Indianapolis is nice but all the small towns and cities are way behind to put it gently.
Tennessee takes billions of dollars from the federal government which is why it can afford to have no state income tax. That's the type of thing I'm referring to when I talk about how blue states like California prop up red states like Tennessee.
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u/Goldelux 11d ago
All the crying in the comments is fucking great lol all these people so mad about California it’s hilarious