3 ms·
> the richer parts have to give to the poorer That's what's different monetary-policy-wise. California, for instance get's like 10 cents on the dollar back fro
by nickbauman 10y ago
> the richer parts have to give to the poorer
That's what's different monetary-policy-wise. California, for instance get's like 10 cents on the dollar back from its federal tax burden. Those 90 cents are used to shore up economically (and perhaps other kinds of) backward states like Mississippi. Nothing like this happened in the EU. Germany keeps a lions share of revenue and sends a tiny trickle back to the EU. This was never going to last long. Britain has probably only hastened the inevitable.
- gaul 10y agoYou have this backwards; California sends the federal government $1.00 and receives 90 cents in return: http://www.theatlantic.com/business/archive/2014/05/which-states-are-givers-and-which-are-takers/361668/ http://www.theatlantic.com/business/archive/2014/05/which-st...