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I wasn't really talking specifically about this program, just kind of in general. Although I'm not really sold on even the approach you describe - it seems lik
by ars 1y ago
I wasn't really talking specifically about this program, just kind of in general.
Although I'm not really sold on even the approach you describe - it seems like it's just a way to funnel taxes from local people -> federal -> back to local.
Skip the middleman?
- dummydummy1234 1y agoThe idea is to redistribute wealth from areas of the country with wealth to areas are poorer. California tax payers support West Virginia infrastructure. Inevitably some states are wealthier than others, the federal government acts as a balancer of this. This can improve outcomes in poorer states (education, building up new industries, local economies etc). Ideally, it also provides a counter balance for changing economies, where there are inevitably winners and losers. Many industries are geographic centered, and having the ability to adjust for acute downsides in one area benefits the whole country overall in the long-term. That being said, the specifics of individual programs are up to debate in Congress (it's their job).