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Response to msongs (Reply #4)

Wed Feb 24, 2021, 12:09 AM

6. Krugman, I think, said big red states like Florida and Texas get their funds

from sales tax. NY and California from white collar income taxes. The states that rely on sales taxes are going to be in trouble as white collar jobs kept going from home during covid while sales tanked.

I add that it really will be the Feds funding infrastructure in those sales tax states. When Stephen Harper did stimulous spending during the financial crisis (canada did not have a subprime meltdown due to adequate banking regulations but was effected by the world wide recession, Harper a conservative knew keynesian spending was the cure as he talked trickle down but didn't want the economy to tank like the republicans did with Obama by demanding austerity). He put a federal government sign up announcing it was the federal government funding the infrastructure at every construction site so he would get the credit. I hope Biden does the same.

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applegrove Feb 23 OP
Brush Bunny Feb 23 #1
SoonerPride Feb 23 #2
Azathoth Feb 23 #3
JonLP24 Feb 24 #5
Azathoth Feb 24 #7
msongs Feb 23 #4
LineLineNew Reply Krugman, I think, said big red states like Florida and Texas get their funds
applegrove Feb 24 #6
jorgevlorgan Feb 24 #8
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