Shocker: Hawaii only 8th Most Socialist State
TheStreet: ...In order to measure the degree to which different states reflect socialist principles, we determined state expenditures and state GDP as the best indicators because socialist states tax and spend a higher percentage of their GDP. We used data on the total state expenditures for fiscal year 2013 from the most recent National Association of State Budget Officers report and pulled 2013 gross domestic product by state data from the Bureau of Economic Analysis.
The math? Simple. The FY2013 state expenditure divided by the state's 2013 GDP. After all the number crunching, we have come up with the 10 most socialist states in America....
read ... Slacking Off?
#8 - Hawaii
- Total State Expenditures (FY 2013): $11.6 Billion
- Gross Domestic Product (2013): $70.1 Billion
- Expenditures as Proportion of GDP: 16.5%
Bonus: West Virginia ranked “dumbest” and most “socialist”
History: July 7, 1935: Moscow orders first Communists to Hawaii