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The Texas Reporter > Blog > Economy > California is an financial and technological powerhouse – Indignant Bear
Economy

California is an financial and technological powerhouse – Indignant Bear

Editorial Board
Editorial Board Published January 22, 2025
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California is an financial and technological powerhouse – Indignant Bear
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Or who’s the largest moocher of Federal funding?

Mike Johnson needs to Penalize California. In line with Louisiana’s Mike Johnson, California must be penalized.

“Mike Johnson told CNN’s Manu Raju that there should be “conditions” on the proposed federal support to California within the wake of the lethal wildfires in Los Angeles County. It seems to us that state and native leaders had been derelict of their obligation in lots of respects, in order that’s one thing that needs to be factored in. I feel there ought to in all probability be situations on that support.”

That’s wealthy. That they’re even discussing penalizing California is simply plain ignorant versus saying silly. Mike Johnson’s Louisiana is the eighth Highest Per Particular person Amongst States for Federal Funding. California provides again funding to the US Authorities.

California is an financial and technological powerhouse; with out it, America can be so much poorer and weaker than it’s.

Most narrowly, at a time when Donald Trump is making nonsensical claims that America is subsidizing Canada through our bilateral commerce deficit, California is actually subsidizing the remainder of the USA, purple states particularly, by means of the federal price range.

The Rockefeller Institute repeatedly calculates states’ steadiness of funds — the distinction between the quantity the federal authorities spends in a state and the quantity the state pays in federal taxes. Right here’s what per capita balances appeared like in 2022, the newest yr obtainable (blue means a state receives greater than it provides, orange the reverse).

How large is California in paying into the nation as a complete?

California is an financial and technological powerhouse – Indignant Bear

Within the above map, you may see California pays extra into the federal authorities than does, (let’s imagine) Louisiana. The state from which the Speaker of the Home Consultant Mike Johnson represents as a Consultant. Certainly, California pays within the Federal authorities twenty-one (21) instances what Louisiana transfers to the Feds. Maybe reasonably than penalizing California, California ought to simply inform them “no problem.” We’ll simply take what we want out of the funds despatched to the Federal Authorities.

Steadiness of Funds Portal by State, Rockefeller Institute of Authorities

Louisiana,s Mike Johnson and different Republicans ought to shutup.

TAGGED:AngryBearCaliforniaeconomicpowerhousetechnological
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