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>How much does California benefit from New Mexico or Virginia being a net tax recipient? Potentially a good bit. If Federal tax dollars help improve the overal
by edj 17y ago
>How much does California benefit from New Mexico or Virginia being a net tax recipient?
Potentially a good bit. If Federal tax dollars help improve the overall prosperity of Virginia, then Virginians become more likely to consume California's products. I bet affluent Virginians watch more movies and buy more MacBooks than poor Virginians.
Is it an overall net gain for California, though? I have no idea. Maybe an economist can answer.
- shrughes 17y agoNo, it's not an overall net gain -- Virginians are only going to spend a fraction of their money on things coming from California, and even if they spent all their money, Californians would be working harder for the same amount of money.