this post was submitted on 28 Jan 2024
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Texas is a poser, relies on so much federal funding! https://usafacts.org/articles/which-states-rely-the-most-on-federal-aid/
How will TX support itself? Thoughts and prayers?
California receives more per person according to that data, and California would have the 8th highest GDP in the world if it were a country. This isn't the best metric.
California isn't threatening to secede though
Wasn't my point, but noted.
Then what was your point?
Texas would have to issue its own money, and getting enough money wouldn't be the issue; they could just print it. It will be all the things that come with establishing new money.
Per your link, Texas is pretty low on the list of federal funds as a percentage of the budget. Much less so than many northern states.
Just looking at the amount of money received is a poor metric.
To me that implies TX will have a 20% gap to fill, and I am not sure that 20% counts as “pretty low”. What do you mean? FWIW, I didn’t downvote you.
Oh that's easy, they'll just make that the new sales tax! Take I from the poor with more regressive taxes.