FlagDUDE08
Banned
Re: 2012 Presidential Election - The Day after the Aftermath...
Here's a question for you, though... how do you spend the money? Is a large chunk going to union dues, pension funds, and welfare entitlements, similar to NYS?
The LARGEST fiscal problem that we have ANYWHERE in this country, whether it be federal, state, or local, can be summed up using five words: "We'll pay for it later." Social security, medicare, and pensions fall into this trap. They can't make any interest on the money collected because it's being shelled out to recipients, so because of how it is paid, the only way to see any money from those is for the payees to die. Granted, this is where certain people on my block list will claim that I am calling for a bomb to be dropped on a retirement complex, which is NOT the case, but it is the unfortunate reality of the situation.
With social security and pensions, all you have to do is follow the Chilean model. When it comes to the death benefit, simply turn it into the account under the name of the deceased. As for medicare, start by removing the payment monopoly, and then see where things go from there.
Its difficult to tell what's the appropriate size of government here. The Northeast has higher state tax...which is likely related to its higher GDP per capita earned. There may be in fact many reasons for that related to ports, additional strains of population or business, etc. We don't know for sure.
In Minnesota's case, we hear constantly how state taxes here are way too high. In fact, it appears that Minnesota has the highest per person state taxes outside of the northeast and california.
So to sum, there may be as you say less competent governing in the northeast. Quality of life measures in the northeast are typically better than you would find anywhere in the south. On the otherhand, there are other cases that I do believe are open and shut cases:
In addition to larger govt, MN has very effective govt.
Many of the smaller state govt states (MS, AL, TN are at the bottom)...are absolutely also ineffective at governing. These states are at or near the bottom of many measures consistently.
http://taxfoundation.org/article/state-and-local-tax-burdens-all-states-one-year-1977-2010
Here's a question for you, though... how do you spend the money? Is a large chunk going to union dues, pension funds, and welfare entitlements, similar to NYS?
The LARGEST fiscal problem that we have ANYWHERE in this country, whether it be federal, state, or local, can be summed up using five words: "We'll pay for it later." Social security, medicare, and pensions fall into this trap. They can't make any interest on the money collected because it's being shelled out to recipients, so because of how it is paid, the only way to see any money from those is for the payees to die. Granted, this is where certain people on my block list will claim that I am calling for a bomb to be dropped on a retirement complex, which is NOT the case, but it is the unfortunate reality of the situation.
With social security and pensions, all you have to do is follow the Chilean model. When it comes to the death benefit, simply turn it into the account under the name of the deceased. As for medicare, start by removing the payment monopoly, and then see where things go from there.