▲ | vineyardmike 3 days ago | |
This might be true, it’s definitely repeated, but it’s generally not the real reason. The real answer is just politics. Blue states have (generally) healthy economies, with a variety of economic actors and many businesses. Businesses often will shop around various states to build a factory looking for tax cuts. The politician can be associated with new jobs, and the business gets a discount, so it appears to be a win-win (if you ignore the lack of tax revenue). No one needs a tax break to start a business in NYC, LA, nor Silicon Valley, so you don’t hear about all the businesses that open there. Nationally, policies like the IRA are big boosters for the economy, and democrats are focused on getting it done because it’s good for society and the national priorities. They won’t focus on where the money goes, and will allow the money to go to run down republican states as economic stimulus. But you’ll notice it’s usually capital intense factories that end up in these situations, not white collar jobs. |