Blue states suffer from high costs of living, because of government regulation and spending. These higher costs result in higher wages. But a dollar still goes farther in a red state than in a blue one. Blue states make more money, but can buy less for it.
In the presence of a progessive federal tax structure, high wages are deadly.
It is no coincidence that NJ and California sport the highest debt loads, per capita, of any other states. NJ leads the pack at over $6k per head, with Cali trailing a far secong at over $3k per head.
In short, blue states suck because of the governments the people elect.
Oh, and it has nothing to do with real estate costs associated with a desirable climate? Get real.
But a dollar still goes farther in a red state than in a blue one. Blue states make more money, but can buy less for it.
In some ways, yes. In others no. A pleasant climate costs money to enjoy.
In the presence of a progressive federal tax structure, high wages are deadly.
True indeed.
It is no coincidence that NJ and California sport the highest debt loads, per capita, of any other states. NJ leads the pack at over $6k per head, with Cali trailing a far secong at over $3k per head.
Frankly, I doubt that. New Jersey has a history a corporate Valhalla because of its industrial heritage. Hence there are a fair number of people paying heavy taxes on those executive salaries and buying houses to match to get as fat a deduction on interest as they can afford. California has similar forces.
In short, blue states suck because of the governments the people elect.
You won't get any argument out of me about that, but the implication that private wages follow government spending is absurd on its face.