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California is now at parity https://www.sfchronicle.com/politics/article/California-no-longer-pays-more-to-Washington-than-15243861.php https://www.sfchronicle

• galaxyLogic 6y ago
  Something's going on with California, the Covid-numbers are so high, it must be the laid-back attitude
• nostrademons 6y ago
  Note that "receives as much as it contributes" does not mean "fair share". Because the federal budget deficit has ballooned under the last 3 presidents, the federal government now spends significantly more than it makes. This is reflected in the map in your article: only 8 states contribute more than they receive, and it's usually $0.98/0.99 on the dollar, while the ones that receive can get up to $2+. The balance is made up by government debt, which will eventually be monetized by inflation, which acts as a tax on savers & retirees for the benefit of those who receive direct government payments. Not sure why more people aren't mad about this, but maybe the economic effects are a bit too indirect for people to notice.