[lbo-talk] balance of payments

[Sean Andrews]

All I can say is that it isn't a one-year thing, IIRC. They do it
every year and compare receipts to payments. Though this refers to an
individual year, the overarching point is that there is more of a
pattern of spending v. payments along these lines year to year.  The
fact that this is a pattern over a long term should, I would think,
mitigate some of the problems you mention with the argument, but I
don't know enough about it to say...
s

On Fri, Apr 9, 2010 at 16:00, Max Sawicky <sawicky at verizon.net> wrote:
> Those numbers are problematic.  Tax data are attributed to the address
> on the form, but that is not necessarily the filer's home address.  It
> could be his/her tax preparer.  On the spending side, a contractor
> operating in a state where the project is need not live in the state,
> nor need its shareholders if the company is public.  The workers in a
> state need not live there either.
>
> There is also the time disconnect.  Somebody paying payroll tax for SS
> & Medicare could retire to another state and get benefits there.
>
> Oh, and this info is from the Tax Foundation, and they suck.
> I haven't read their study -- go ahead and sue me -- if somebody
> has and can flag a mistake in what I said, feel free to respond.
>
>
> On Fri, Apr 9, 2010 at 4:46 PM, Doug Henwood <dhenwood at panix.com> wrote:
>> James Heartfield was skeptical when I claimed that the most Republican,
>> anti-government states in the U.S. got more in federal aid than they paid to
>> Washington in taxes, and vice versa. Here's a map making my case:
>>
>> http://www.thefourthbranch.com/2010/04/government-spending/
>>
>> Doug
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