America’s four largest states — California, Texas, Florida and New York — have a lot in common. They are iconic, dynamic and diverse. Each could be formidable countries themselves.Worth reading. The author shows graphs and statistics, wondering why NY and CA can't seem to get more bang for their buck.
And, yet, they are also very different in their politics and governance. California and New York are dominated by Democrats who have implemented the nation’s highest and sixth-highest marginal income tax rates, respectively, to help finance large social programs and bureaucracies. (New York’s rate rises to second-highest if New York City income tax is included.)
Texas and Florida, meanwhile, have been governed mostly by conservative Republicans for decades; they are among the few states that levy no income tax on workers, while maintaining leaner social programs.
Our big four states provide a good test case for two very different visions: Do higher taxes and bigger government actually deliver better outcomes, particularly in terms of education, poverty alleviation, and infrastructure? Or can simpler governments and lower taxes actually raise the fortunes of their citizens?
Here, the facts tell the story.
Sunday, February 2, 2020
NY and CA spend billions more in taxes than TX and FL — and get worse results
This is the preamble to a blog I posted regarding the astronomic cost of installing handicap accessibility to existing subway stations in NY compared to other cities in other countries.