Should we explore more Cities and their Politic's
Post# of 65628
Posted On: 02/25/2016 5:20:28 PM
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Should we explore more Cities and their Politic's ?
We could. But we shouldn't jump to partisan conclusions about the impact of politics on economic strength. Why? Because we could look at some States with Republican governors that are struggling badly with mounting deficits and lagging job growth, after implementing tax cuts.
I'll take the high road and say that association is not necessarily causation.
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Chicago and its suburbs, which together comprise the Chicago Metropolitan Area, is home to 29 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance and food processing also play major roles in the city's economy. The total economic output of Chicago in GMP totaled 547 billion in 2012[1] making Chicago the 21st largest economy in the world[2] just surpassing the total economic output of Switzerland.
10 Republican red states that mooch off of coastal liberal states
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One of the most hilarious talking points coming from far-right Republicans and the Tea Party is that when “red states” like Mississippi, Alabama and Louisiana are asked to bail out California or Massachusetts, that’s when they will finally become “fed up with socialism” and secede from the Union once and for all.
The problem with that meme is that it has no basis in reality: the more prosperous and Democrat-leaning areas of the United States are likely to be subsidizing dysfunctional “red states,” many of which are suffering from insufficient tax revenue and an abundance of low-wage workers who don’t have much to tax.
Tea Party Republicans like to point out that poor cities like Detroit, Baltimore and Camden, New Jersey are run by Democrats, but they neglect to mention that some of the most affluent parts of the United States—from Manhattan to the Silicon Valley and the San Francisco Bay Area to Cambridge, MA to Seattle to Chicago’s North Shore suburbs—are dominated by the Democratic Party.
People in those heavily Democratic areas pay a lot of federal income taxes, and quite often, their tax dollars go to red states.
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