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To: x

Anout WW2 the South started getting some redistributed wealth from the feds.
This keeps the costs of NEs industries there cheap and their profits high. NE pays the taxes on southern profits since they own the industries.

Of course there are many reasons the South has never recovered from it’s looting after the war.
Most of them no one wants to examine.


54 posted on 08/28/2012 4:14:06 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: mrsmith
This keeps the costs of NEs industries there cheap and their profits high. NE pays the taxes on southern profits since they own the industries.

So y'all are all still so poor and the Yankees have all the money? Doesn't sound like you get out much.

Some of those business are owned by Northerners, some by foreigners, but some would have to be owned by Southerners.

Depending on the year, there are over 10 Fortune 500 companies based in Georgia, over 10 based in North Carolina, and something like 50 based in Texas -- almost as many in Texas as in California or New York.

The rural South still is one of the poorest parts of the country, and our taxes like yours go there. I'm not complaining. It's just something we should keep in mind, when the ranting starts about who needs who and who takes what from who.

59 posted on 08/28/2012 5:45:54 PM PDT by x
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