The Titanic Didn’t Have Enough Lifeboats Either
Tuesday, November 3rd, 2009Taxpayers vote with their feet. They’re hoofin’ it to Texas…and from California; two diametrically opposed microcosms of political ideology:
What is surprising is the growing evidence that the low-benefit, low-tax alternative succeeds not only on its own terms but also according to the criteria used by defenders of high benefits and high taxes. Whatever theoretical claims are made for imposing high taxes to provide generous government benefits, the practical reality is that these public goods are, increasingly, neither public nor good: their beneficiaries are mostly the service providers themselves, and their quality is poor.
while California and Texas are comparable in terms of sheer numbers, their demographic paths are diverging. Before 1990, both states grew much faster than the rest of the country. Since then, only Texas has continued to do so. While its share of the nation’s population has steadily increased, from 6.8 percent in 1990 to 7.9 percent in 2007, California’s has barely budged, from 12 percent to 12.1 percent.
Unpacking the numbers is even more revealing—and, for California, disturbing.
What’s so special about California?
California and it’s economy are faced with the fallout of massive over-spending, immigration, health care and arbitrary and burdensome emissions regulations – which have failed by the way. Sound familiar?
What’s so special about Texas?
between 1998 and 2007, the states without an individual income tax “created 89 percent more jobs and had 32 percent faster personal income growth” than the states with the highest individual income-tax rates. California’s tax and regulatory policies, the report predicts, “will continue to sap its economic vitality,” while Texas’s “pro-growth” policies will help it “maintain its superior economic performance well into the future.” The clear implication is that California should become more like Texas.
…and so should the US. With Texans hinting at secession, is the Lone Star state the lifeboat for the other 49? Might it be time to jump in?
Nawwww. Let’s see how the Vikings finish the season first.









