Ziggurat
Penultimate Amazing
- Joined
- Jun 19, 2003
- Messages
- 64,126
Gollygee Billy Bob, ya think the state's population having increased by about fifty percent during that time period might have anything to do with it? Or the fact that a 2009 dollar was worth less than half of a 1983 dollar?
Yeah, you're missing some stuff, all right.
Revenue went from less than $35 billion on the left side of the graph to $130 billion on the right side. Inflation gets you to $75 billion, and population gets you to $112 billion. So that's pretty important. But we're still below actual revenues. So revenues haven't decreased in per capita inflation-adjusted terms. Where are all these giant tax cuts? And why does that revenue no longer suffice?