California has been subsidizing other states for many years.
Using the 2005 data, for every $1 Californians send to the Feds, we got back only 80 cents. Contrast that with...
Mississippi 2.02
New Mexico 2.00
Louisiana 1.85
Alaska 1.83
West Virginia 1.75
North Dakota 1.65
Alabama 1.63
Virginia 1.51
Kentucky 1.51
South Dakota 1.48
rest of the list here... http://www.nemw.org/fundsrank.htm
Who’s subsidizing who?
Prop 13 was the only way to limit the politicians money grab and keep every old person in the state from losing their homes. Once California is no longer able to ‘gift’ 20 cents of every tax dollar to the other states, where do you think they’re going to look for more cash? If you don’t have the equivalent of Prop 13 in your state, pass it now before the money grabbers descend on you.
Why not just repeal the state income tax? Florida gets by through taxing the tourists, so why can’t California?
The reason the blue states on the coasts are subsidizing the red states in the interior is because there are so many more rich people paying tax at comparatively higher rates in the blue states. I’m told liberals used to think this was a good thing, but now they are griping about it constantly.