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RE: Texas As A Standalone Country

in LeoFinance10 months ago

LOL! Get real. It would implode within a decade is my guess.

"From 2000 to 2015, federal funds comprised between 29.9 and 40.8 percent of all Texas state revenue, and averaged about 34 percent (Exhibit 2). The federal share in all states tends to rise during recessionary periods and decline in better economic times. In each year of the period, however, Texas’ reliance on federal funds was higher than the average among states."

Straight from the horse's mouth here: https://comptroller.texas.gov/economy/fiscal-notes/2017/november/federal-funding.php

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How much do the Feds take out of the state of Texas in taxes, fees, and other programs.? Just the income taxes alone would likely cover that.

Good question. A quick internet search says 261 billion in taxes for 2017. I seriously doubt that they are giving back as much as they receive.

The state talks big and sure it has plenty going for it... but it also has an atrociously high violent crime, incarceration and poverty rate as well as a super low education level.

Cut all that federal food assistance program money off as well as the farm subsidy money and what are they gonna do?

And I would guess a lot of that money was for education and healthcare, two areas where the Feds control and inflate everything.

I dunno they have pretty low levels of both health care and education.