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by h4nkoslo
3379 days ago
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Some of the things CA "receives" from the federal government are zero percent interest rates and preferential access to vast capital markets, a heavy implicit labor cost subsidy via immigration policy, an implicit promise of massive earthquake insurance, access to the Colorado River, copyright & patent protections for its primary industries... Looking at fiscal inflows and outflows isn't the benchmark of who gains from a relationship and whether it is positive-sum. |
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