Just Because California Is Terrible, that Doesn’t Mean Texas Is Perfect
January 21, 2013
Even Texas is causing concern.
Texas is in much better shape than California. Taxes are lower, in part because Texas has no state income tax.
No wonder the Lone Star State is growing faster and creating more jobs.
And the gap will soon get even wider since California voters recently decided to drive away more productive people by raising top tax rates.
But a key challenge for all governments is controlling the size and cost of bureaucracies.
Government employees are probably overpaid in both states, but the situation is worse in California, as I discuss in this interview with John Stossel.
But being better than California is not exactly a ringing endorsement of Texas fiscal policy.
A column in today’s Wall Street Journal, written by the state’s Comptroller of Public Accounts, points out some worrisome signs.
As the chief financial officer of the nation’s second-largest state, even I have found it…
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