Low taxes associated with modest-sized government induce greater population growth. Businesses and people want low taxes more than big government, and they vote with their feet by moving to low-tax havens like the Lone Star State. During the 1990s, approximately 1,000 people moved to states without an income tax every day excepting Sundays. That’s more people than fled from East to West Germany during the Cold War?
Bringing Down the House (Price)
A decade ago, the typical Texas home value was about $181,000. Today, it’s ballooned to around $302,000. As home prices increase so too does the barrier to entry get higher. A recent study estimates it would take 7 years for a median-income Texas household to save up for a 20% down payment. But you don’t...