Miscellaneous thoughts and observations.
One of the main reasons Joe Biden and the Democrats want to get rid of the Trump Tax Cuts is because the changes to the tax code included getting rid of the deduction for State taxes. This change hurt many Blue States like New York. And it made people more aware of just how high the taxes were in those states... ESPN may be looking at hundreds of layoffs in near future... Prediction - next year may become known as the Year of Small Government. Most states have seen their tax revenue cut by about 30% because of the pandemic and the closing of businesses. Unless there's a massive bailout from the Federal government states are going to lay off workers and cut services that are non-essential. Shrinking the size of state government is not necessarily a bad thing... The story behind Pink Floyd's Have a Cigar... At the local level one of the first things to be cut, or to be threatened to be cut, will be school sports. This will be less likely in states that reopened faster like Florida, Georgia and Texas. And more likely in states with tyrannical lockdow rules like New York, California, Michigan and Massachusetts. Look for SOS (Save our Sports) signs and bake sales to become the norm in those states..