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by laratied
1115 days ago
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There is really just the US economy. We would not say that Pennsylvania is in recession but New York is not. The major difference between states is tax rates. Labor, transacting, anything else economically is practically transparent and frictionless. |
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Also tax spending. For example there's no central EU funded military but each member budgets it differently, just like how there's no New York military and Pennsylvania military.