As tensions escalate between California and the Trump administration over immigration, another potential battlefront is emerging over taxes.
The spat began with reports that the Trump administration is considering cutting funding for California’s university system, the largest higher education system in the nation with about 12% of all U.S. enrolled students.
In response, Gov. Gavin Newsom wrote Friday afternoon in a social media post that California provides about $80 billion more in taxes to the federal government than it receives in return.
“Maybe it’s time to cut that off, @realDonaldTrump,” Newsom said.
Been saying that we’re headed for balkanization since the clown won his first term. Not seeing any reason to change that prediction.
For uninformed people like myself:
I’m not looking forward for the chaos preceding the emergence of the next superpower if US balkanization happens.
US balkanization is exactly the chaos preceding the emergence of the next superpower.
China
Maybe. They’re floundering since Xi put economics on a lower tier than his own power.
The EU could do it, but it will require sharp thinking and sharper action.
California, without the constant drain on its resources.
I think that’s incredibly wishful thinking.
Why would you think that? It’s already the world’s 4th largest economy with the drain.
Isn’t it just China at this point?