"Governor Perry extends his hands around and under the buttocks and awaits the shower of jism from Toyota after fellating them to move to his state."
It's great that Texas is doing well. I'm happy for Texas. Texas is a great state for the most part.
Texas also collected $4.5 billion (with a B) from oil and gas production taxes last year. http://www.texastransparency.org/State_Finance/Revenue/Revenue_by_Category.php
North Carolina's entire state budget is $20 billion. When we buy gas, we're sending money to Texas.
States that are blessed with natural resources like Texas and Florida (tourism) and Alaska have the luxury of zeroing income taxes and still funding basic needs for their citizenry. Republicans like to pretend that low taxes and no regulation created the Texas economy, as opposed to the fact that it is sitting on a bunch of dead dinosaurs and a very desirable coastline. Texas gets to leverage those resources to keep its taxes low and steal jobs from other states - again, great for Texas. Doesn't mean the prescription will work for North Carolina, Minnesota, or any other given state.
I'm always interested in the claim that those evil socialist states like New York and California are "stagnating".
Does this look like stagnation to anybody?
How about gross domestic product?
NY's pretty flat, but if California is "stagnating", gimme summa dat stagnation.
California's film industry is perhaps our most reliable export.
So Governor Perry swooped in and saved Toyota and Texas with this deal?
From the article it looked like Toyota was doing fine in California and Perry begged and begged them to come to Texas and basically undercut CA until the deal was so sweet they couldn't refuse. And jhmd comes along and acts like it is a genius financial move that California just couldn't wrap their head around. Where does that end, the last state with no regs and no taxes gets all the business?
jhmd, if it is such a great deal, once you zip up why don't you tell us what the details of the deal are? What regulations were they able to get out of, and which Texas citizens are affected by it? just curious
You are basically saying that NC and CA better get on the "low regs low taxes" bandwagon or they are going to get left in the dust. And you believe that is a good thing. right?
Republicans are fighting each other to be an American version of a 3rd world home for low wage workers.
Complete with armed rebel militias
FWIW, there is a front page article in the Wall Street Journal today about Texas. The theme is that Texas is having trouble maintaining its infrastructure and building new infrastructure for all the people/businesses who moved there during the last few years, because they are ideologically incapable of raising taxes to deal with their problems. The basic solution is to make the cities pay for everything or use public/private deals like toll roads, but the challenges may be too big especially with regard to water infrastructure.
Just like NC, the GOP down there derives its power base from the suburbs and the rural areas, but the economic engines of the state are the cities. They tend to vote Democratic and they're the ones really feeling the pinch of these issues - people didn't move to Texas to get jobs on farms, they moved to the cities. And just like NC, the GOP power brokers aren't interested in helping out those dirty Democrats in the cities. Time will tell if that's a sustainable model.
Define sustainable. They should be able to sustain their power by forcing cities to earn more revenue and demonizing them for doing it.
http://online.wsj.com/article/BT-CO-20140428-711142.htmlTexas offered Toyota $40 million to move to the Lone Star State, part of a Texas Enterprise Fund incentive program run out of the governor's office. It is one of the largest incentives handed out in the decade-old program--and costs more per job created than any other large award. Last year, Texas spent about $6,800 to lure each of 1,700 Chevron Corp. positions to Houston and $5,800 for each of 3,600 Apple Inc. jobs shifted to Austin. Texas is paying $10,000 per job for the Toyota relocation.