cygnus
Well-known member
- Joined
- Oct 31, 2018
- Messages
- 575
- Reaction score
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- 63
Yes withhold federal taxes from a state that generates a large portion of those taxes, let's see how that would play out. Some people are confused that these "tourist" states are the places where a majority of federal funds come from and poor states are the ones that suck up most of the money.
Have you not seen what the Federal Reserve is able to do the last 15 years with respect to fiscal stimulus / open market operations such as buying long dated Treasuries from Primary Dealers (to keep the yield curve down) and propping the market up with buying the S&P Index? (which was a favorite activity of Bernanke's).
In an era where the dollar is increasingly devalued, taxes aren't what they used to be.