Monday, February 06, 2017

Adding Insult to Injury

Trust Fareed Zakaria to remind us that Trump's loyal "Deplorables" are the same folks who gorge on the slops from the government trough.

At this point, one could note that, if we are to listen to America, almost 3 million more Americans voted for Hillary Clinton than for Trump (who received a share of the popular vote that was lower than Mitt Romney’s, in fact lower than most of the losers of recent presidential elections). And as for which of these groups makes America great, I’m not sure what criteria to use, but if it is generating wealth and contributing to GDP, it’s not even close. According to the Brookings Institution, the 500 counties won by Clinton produced 64 percent of U.S. economic output, while the 2,600 counties won by Trump produced just 36 percent of GDP. Use any economic measure — employment, start-ups, innovation — and the areas that score highest voted heavily against Trump.

The much-maligned urban elites may be out of touch with the rest of the country, but they still pay its bills. A few years ago, The Economist compared how much each American state contributed to the federal coffers against the funds they received from Washington. The basic pattern is simple: It is blue states, which voted against Trump in 2016, that fund the red states that voted for him. From 1990 to 2009, excluding Maine (which split its votes between the two candidates), Clinton states collectively paid $2.4 trillion more in federal taxes than they received in federal spending, while Trump states altogether received $1.3 trillion more than they paid.


the salamander said...

.. astonishing statistical revelation ..
the balance sheet really is astonishing.. !

John B. said...

Scratch a rugged individualist and you're likely to find a socialist basket case. But don't tell him that. That's key to understanding the success of market libertarian hypocrisy.