Is that gross or net? I’d like to see it compared to welfare taken per state.
Is there a chart that shows which states suck the most from U.S. treasury
Wouldn’t this presentation be more helpful if it were normalized to the population (per capita, in other words) of each state?
The numbers are useless. A dollar in Mississippi is not equivalent to a dollar in New York. Also, the numbers are proportional to the population, so the populous states have higher numbers.
The numbers are useless. A dollar in Mississippi is not equivalent to a dollar in New York. Also, the numbers are proportional to the population, so the populous states have higher numbers.
There's a subtle irony in the use of the word "NET" in this presentation. The word has two hugely disparate meanings. One is neutral, an internet word. The other, the financial term, is anything but neutral : if it were depicted in a chart, it would define the sum of the producers (positive) and the takers (negative.)
The producers is essentially the private sector, people who create useful products or services that are sought by the general population, and are freely and voluntarily sold and bought.
The takers are everything else, and it includes, among others, government overhead (the bureaucracy) at all levels, and Welfare in all its hundreds of forms, both recognizable and hidden.
There is nothing free or voluntary about those.
Most importantly, the Takers must also include the deficit spending, the debt accumulated, which is entirely due to the incompetence of the elected criminals of each state directly, and the voters who elect them year after year, indirectly.
I can't help wondering how that chart of the economic realities would look.
I am open to be proven wrong, but I absolutely believe that California has been operating solidly "in the red" for a few decades, now. As, probably, are a most other states.
I wouldn't even attempt to repeat the obvious, the Federal Government.
I would have thought D.C. would have had a negative number.
I also saw this on BI. It would be more usefull as per capita. Example, Florida is almost 10% of the country population but only 4.9% of the economy.
It would be interesting to see it as a percentage of population.
How about a chart that shows how much money is sent from each state to and how much to Mexico and each Central American country.