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RE: LeoThread 2025-11-04 21-15

in LeoFinance20 days ago

Part 10/12:

Moreover, Moore warns that the fiscal consequences of these migrations threaten the viability of blue states' economies. Without a sufficient tax base, states like New York and California could become insolvent, reliant on federal bailouts for survival—a scenario he criticizes as an unacceptable form of "taxation without representation." Since residents from these states often do not pay federal taxes enough to cover the costs their states incur, Moore considers it unjust that taxpayers from other states should be expected to bailout irresponsible spending.

The Future of America's Financial Landscape