Doc7505
Diamond Member
- Feb 16, 2016
- 15,718
- 27,676
- 2,430
REPORT: Tax Revenue is Plummeting in Democrat Strongholds
Like California and New York
REPORT: Tax Revenue is Plummeting in Democrat Strongholds Like California and New York | The Gateway Pundit | by Mike LaChance
Deep blue states like California and New York are starting to see tax revenue go down while the exact opposite is happening in many red states.
www.thegatewaypundit.com
Deep blue states like California and New York are starting to see tax revenue go down while the exact opposite is happening in many red states.
This was completely predictable, especially in California, which is losing businesses almost every week due to rising crime.
California and New York have also been losing population over the last few years for a number of reasons, including crime, high taxes and strict rules related to COVID.
It was only a matter of time.
The Washington Free Beacon reports:
Democratic Strongholds Are Seeing Their Tax Revenue Plummet
Heavily taxed blue states such as New York and California last year had some of the country's most drastic drops in tax revenue. At the same time, Republican states are enjoying the highest revenue increases even as they keep income taxes low.
freebeacon.com
From NBC News in Chicago:
Groceries, gas in Illinois to become more expensive come July 1
You may not have known it, but Illinois' 1% grocery tax was suspended for the past year. That's set to change on July 1, when the grocery tax will go back into effect, as will a gas tax increase.
www.nbcchicago.com
Commentary:
Blue States like their sanctuary Plantation Cities continue to bleed their citizens by imposing higher taxes and squeezing businesses dry. The result is that even the rich that can afford it are leaving these states in droves.
But, of course, Democrats should raise taxes if they're running out of revenue. That'd work. Higher taxes means more money for the government, right? Right??! Tell me I'm right! (typical leftist 'reasoning') (eye roll)
Remember:
“The problem with Socialism is that you eventually run out of other people's money.” --
Margaret Thatcher
Margaret Thatcher