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.
What if they got into a monetary union with Canada and linked Calidollar with the Canadollar with the same value and entirely interchangeable the way the Belgian and Luxemburg franc used to work?
Could provide legitimacy, but when currencies cross borders it becomes more difficult to manage them politically. The Euro is messy because monetary policy that helps Germany may not help Italy