Revenue Sharing in Theory and Practice

The Public Interest, No. 23, Spring 1971, pp. 33-45. Reprinted in Edward C. Banfield, Here the People Rule: Selected Essays (Washington, DC: AEI, 1991).


How one evaluates revenue sharing will depend upon what one takes the central issues to be. Oddly enough, what must appear to many people to be the issue—namely, how to keep the cities and states from going bankrupt—is not properly speaking an issue at all.

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