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That’s an extremely poor proxy given that income tax is not the sole source of revenue in California, you’re not netting out state spend (which would be very im
by dcrazy 1y ago
That’s an extremely poor proxy given that income tax is not the sole source of revenue in California, you’re not netting out state spend (which would be very important to the definition of subdsidy), and you don’t even specify whether you are speaking in aggregate or per capita.
- cyberax 1y agoNo. It's the best proxy to determine who's sponsoring whom. Corporate taxes are not a good proxy because they are imposed at the location of corporate headquarters. Which are almost always in the Downtowns even if the workers who produce all the value live in suburbs. Ditto for sales taxes.
- SilverElfin 1y agoI would also add: The people leading and owning businesses are largely higher income and older. They tend to want to get away from urban hell and live in suburbs. If anything it’s the people of the suburbs who subsidize the cities.