https://issuesinsights.com/2022/04/08/democrats-are-terrible-investors-of-your-tax-dollars-report/
Democrats love to say that when they forcibly extract taxpayers’ money and spend it on their pet projects that they are actually making “investments.” Yet Democrats, it turns out, are terrible investors. That’s what a report from WalletHub shows, in any case. Everyone should keep this in mind as they struggle to file their taxes this month.
When California Gov. Gavin Newsom announced his new budget plan, he bragged about how the $213 billion spending plan would “make history investments in California’s future.” This type of language is now typical of how the left talks about government spending – because “investment” sounds a lot better than “wasteful, duplicative, fraud-riddled government program.”
The problem is that no one is held to account for the lousy “returns” on their “investments.” If they were, they’d be fired immediately.
California’s investing acumen, for example, has resulted in a “bullet” train that will likely never be finished, a massive homeless population, rising crime, and fleeing residents. So why are taxpayers in the state willing to hand still more of their hard-earned money over to these people?
WalletHub took it upon itself to determine the “return on investment” on taxpayer money each of the 50 states. The result: States controlled by Democrats do worse on this score than those controlled by Republicans.