Texas must do even better, of course, and it can by following Nevada’s lead in bringing true choice to public education by passing a universal education savings account program.
In three short decades, America will look like today’s Texas or California, and, as far as poverty, jobs, taxes, regulation and welfare, the Texas model works.
So, how important are oil and gas jobs to the Texas economy? The answer is, not as much as the claims of those who seek to discount Texas’ economic success.
America’s love affair with the car may be cooling, or at least entering into a new, more open relationship.
The cure for America’s long period of slow growth may be as simple as returning to the principles of the American Founding: government’s purpose is to secure liberty.
The Texas model of governance—low taxes, less regulation, and lawsuit reform—results in more prosperity and less poverty for all Americans than does the big government model pushed by the White House and epitomized by California.
“The rent is too damn high,” but, not to worry, your government is on the case, seeking to remedy problems largely of its own making with more market distorting rules that will drive housing costs even higher.
With the ongoing weakness in the price of oil, the Legislature’s work will go a long way toward showing critics that Texas’ success has more to do with good public policy than with good luck. Read more here: http://www.star-telegram.com/opinion/opn-columns-blogs/other-voices/article23915161.html#storylink=cpy
The Competitive Enterprise Institute estimates that the Obama administration issued 81 major regulations per year for more than six years, more than one and a half per week, at a compliance cost exceeding the combined total of individual and corporate federal income taxes by $160 billion.
The longstanding liberal approach is to levy high, progressive taxes to redistribute wealth from the haves to the have-nots; implement large government programs to assist the poor; and meddle with housing markets, using government rules to force the construction of low income housing. This is the California model.
On Friday’s edition of The Chad Hasty Show, Chuck DeVore, vice president for policy at the Texas Public Policy Foundation, joined Chad to talk about current news from the Texas legislature.
A publication of the Texas Public Policy Foundation