Texas has long had a pro-business attitude. It is a state full of entrepreneurs in a governmental climate that supports their initiatives in many ways. With no state income tax, a budget surplus and excellent infrastructure many businesses are looking to Texas for their new home. The article below points to some of the strengths of the Texas economy and why it is growing.
The Lone Star State is Flexing its Muscles
While much of the nation is currently struggling with high unemployment and loss of industry, it is good to know that there are some bright spots in the U.S. economic picture. I believe that much of the struggle nationally is the self-fulfilling fear of the people. When people lose confidence in the economy it will falter. Although there is added caution in the behavior of some, the Texas economy continues to churn ahead in large part because of the can-do attitude of the state's business community. I hear remarks daily that can be summed up in the following statement: "Yep, it's a little tough right now. That just means we need to do things better and smarter." If only the rest of the country would get that message.
Let the entrepreneurs invest in the economy. The result will be jobs and more revenue at lower tax rates. Redistributing income is the wrong way to fix our economy. Our government leaders are in the midst of the largest redistribution scheme since the Great Depression. We are taking money from our children and grandchildren and giving it to corrupt and inept industries. Some of them must be let to fail gently but others need to come crashing down. It is time to start the rebuilding process. Instead, we are on the course of prolonging the agony into future generations. Not right.
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