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Yeah, red states are very poor, mostly due to their backwards economic policies. I know someone is going to being up that Texas is actually rich over all, but they still have far worse wealth disparities and widespread poverty than a comparable state like California. So they are indeed still a very poor state.
This poverty is a huge liability. It's all fun and games complaining about how the gov wrecks everything until you need something like well regulated utilities.
Poverty is always a liability. In the healthcare system, poverty raises the costs for everyone else when they don't get things treated or prevented.
What bothers me is that there is a whole bunch of financial types who seem to blissfully ignore liabilities. "Those are unrealized costs," when it should be "those are ticking time bombs." If you don't mitigate liabilities like through well regulated utilities those ticking time bombs will always have bigger consequences when they ARE realized.
That's a problem for the next guy once I get my paycheck and leave in 2 years. Repeat ad nauseum.