Posted 29 April 2020 - 07:24 AM
It is NOT the federal taxpayer's job to bail out the individual states poor fiscal management. We are screwed in CA. As we destroy the middle class here, and chase them and business out of the state, the tax base flees. Meanwhile, the spending on crazy social engineering and public unions continues to climb. The feds are just as malfeasant for different reasons. However, they will just print trillions of dollars to pay for their unfunded liabilities. The state has no such ability. At some point, the bill comes due. Ca will get doubly screwed as Illinois will probably be the first state to declare bankruptcy. Being first, they may get some sort of bailout. The second state will not, as people nationwide will be far too upset with paying for the other state's incompetence.
Heck, the new tax law wouldn't even have red states subsidize the higher taxes we pay in blue states (by limiting deductions for those higher taxes).
"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive" -- C.S. Lewis
If the only way to combat "global warming" was to lower taxes, we would never hear of the issue again. - Anonymous
"Society in every state is a blessing, but Government, even in its best state, is but a necessary evil; in its worst state an intolerable one" — Thomas Paine, 𝘊𝘰𝘮𝘮𝘰𝘯 𝘚𝘦𝘯𝘴𝘦 (1776)