“It will be interesting to see what the northern states do when their tax base totally dries up and state finances implode. They will have to do something, out of necessity, to make their profligate states more attractive places to work and live in. A day of reckoning is fast approaching.”
They will just raise taxes as needed to keep up with the drain. Works for illannoy.
At some point there will be an exodus of the Makers and Producers, leaving only the Takers and Losers who pay no taxes. This is an untenable situation that cannot go on indefinitely.
As Margaret Thatcher famously said “eventually you run out of other people’s money”.