This was originally posted at the Tucson Tea Party’s new blog
They say everything is bigger in Texas. That is not entirely true. Texas has a much smaller unemployment rate than the rest of the country and a smaller deficit too. Their deficit is so small, it’s a surplus!
Compare that to California that excels in joblessness and deficit spending. How did the Golden State squander their gold while Texas is thriving in the the worst economy in a generation?
One only look as far as the ideals that have brought Americans out on the streets asking Washington D.C., pleading really, to shrink the size of Government, lower taxes and embrace fiscal responsibility. The Tucson Tea Party Peeps have been pointing out what Texas is proving. Less really is more when it comes to government and resulting prosperity.
Mark Hemingway shows the contrast between the Golden and Lone Star states in the first of his 5 part series, “Texas booms while California busts.” He compares the two states philosophies and behaviors, and the very different results they bring. From the article:
While Texas has been affected by the economic downturn, its 7.9 percent unemployment rate is well below the national average of 9.8. At 12 percent, unemployment in California is well above average.
Perhaps the most dramatic illustration of Texas’ superiority is that Americans have been stating their preference for the Lone Star State with their feet.
Between 2000 and 2009, California had a domestic outflow of 1.5 million people, while Texas had 850,000 move in from other states. From 2008 to 2009, Texas’ population inflow was double that of any other state.
So how have two similar states ended up in such radically different situations? The answer is smaller government.
What Texas is doing “appears as right-wing science fiction to many California legislators and pundits. They claim that serious reform of the tax code is unrealistic, that a large state has many duties to fulfill, and that it is irresponsible to call for a return to a 19th century view of the role of government,” write economists Arthur B. Laffer, Stephen Moore and Jonathan Williams in their annual report “Rich States, Poor States.”
Texas has no state income tax or personal capital gains tax and a small 1 percent gross receipts tax on business. In contrast, California’s 10.3 percent personal income tax is the second highest in the country, and the Golden’s State’s top marginal rates for corporate income and capital gains are 8.84 and 10.55 percent, respectively.
Unfortunately Washington D.C. and the Federal Government aren’t listening to the Tea Party and aren’t following the real world example of Texas. Instead they continue down the California path that instead of being paved with gold is littered with printed money borrowed from our kids and grandkids.
We the People of the Tucson Tea Party will be back out there holding our signs, peacefully assembling for principles that are obviously and demonstrably right. For a country that is seeking answers we only need to examine the bad and good examples being set by California and Texas.