An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, August 20, 2014
Elena Holodny — This Map Shows What $100 Is Actually Worth In Your State
It would be a riot if government used the map to determine tax rates. Californians for example could only get .89 credit for each dollar they presented in payment for taxes. While an Ohioan would get 1.12.
Well, in effect the blue states as a whole are paying higher taxes than the red states based on internal "exchange" rate in addition to more in taxes owing to greater product.
Same in the EZ, only in the US the treasury function redistributes among states and regions whereas there is no treasury function to redistribute in the EZ.
The poor US states would be a lot poorer without this, and ironically they want to end it on ideological grounds.
Let's all move to Mississippi!
ReplyDeleteIt would be a riot if government used the map to determine tax rates. Californians for example could only get .89 credit for each dollar they presented in payment for taxes. While an Ohioan would get 1.12.
ReplyDeleteWell, in effect the blue states as a whole are paying higher taxes than the red states based on internal "exchange" rate in addition to more in taxes owing to greater product.
ReplyDeleteSame in the EZ, only in the US the treasury function redistributes among states and regions whereas there is no treasury function to redistribute in the EZ.
The poor US states would be a lot poorer without this, and ironically they want to end it on ideological grounds.