Many of the rich states are supporting poor states to an astounding degree. This is the “hidden” redistribution of wealth on a massive scale. States like NY get about 75 cents back for every dollar they send to DC. CT is even worse, getting back about 60 cents. Meanwhile, states like Alabama, Mississippi and Arkansas get back well over a dollar in fed funds. They are simply unable to support themselves without massive cash infusions from Washington.
This system works fine during the good times, but now the rich states have taken a hit and that money won’t be flowing as readily.
Is there any resource showing the amount of money a state pays in and what they get back (after the fed has filtered their grift)?