This is a huge issue, considering that a huge proportion of schools, hospitals, cities and towns depend on local state taxes to pay their bills. And that little known to many people some states get back as little as 50% of their share of Federal taxes paid with the rest going to the huge municipalities that may or may not be fiscally responsible.
Just a basic evaluation of the formula, many years ago, pointed toward some form of trouble or breakdown in the future.
Well for many states that future is now and they are in need of income from some source to keep even our basic services running.
Which creates two more huge issues:
1. Looking for the “easy way out” small local governments tried to create more jobs so there would be jobs.
2. The citizens that pay don’t get a fair share of what they pay in are beginning to find out the facts and are getting tired of suffering on top of paying.
One “hidden but most dangerous” effect that is likely to result, and that will have a huge effect of many localities across the nation and to our nation. Is the growth of the “Black Marketing” of products and services across our country. In other words, for the sake of survival (eating and being able to pay for basic services like heat, electricity etc.), millions of people will start cutting their responsibility of paying their fair share of taxes etc. out of the process.
Which, I presume, is all a derivative of things like a drug company that demands $15 (mostly through Medicare “the taxpayer”) for a pill that it costs them .13 cents to make. Or that the powers that be think it is necessary for the public to pay for the coming shortfall in oil company profits that will result from the LONG OVERDUE introduction of electric vehicles.
Ya Know, we might consider re-introducing social responsibility back into the formula, hopefully replacing the section that is now held by predators against the American people and all of Humanity.
Because folks, as we look to Washington D.C. for help. We may realize that they are already tapped out to the banks and now are only paying the interest not yet even the principal.
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