alt Hacker NewsJust remember those states are already handout states. They take more money in than they give back. They also have some bizarre cultural hatred for the blue states and cities that make this country an economic superpower. The idea NYC shouldn't do its best to take care of its own because people in Alabama aren't getting enough is nonsensical. Imo they already get far more than they deserve.
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> The idea NYC shouldn't do its best to take care of its own because people in Alabama aren't getting enough is nonsensical. Imo they already get far more than they deserve.
Absent a federal wealth redistribution, yes NYC must do its best for it's residents. I'm not disagreeing with that. A federal wealth tax, however, would tax Alabama billionaires as much as it would tax NYC billionaires.
It mostly goes back to when mortgages (then other debts) were handled by local banks by law, then people in NYC changed those laws so all the money was routed to them. It's not like NYC is just purely more productive, it just found a way to ensure all money must go through them, and they take some of it as almost a form of a new tax. Not that this more central form of banking is all bad, but when almost all the "real" work (farming, building, factories, etc) is done outside the city and they have no real say in the matter it leads to resentment.