6 Reasons Why Texas Economy Is Crushing It Respected economist Art Laffer has assembled the economic data comparing states. Jobs, wealth and opportunity are fleeing to red states. The data demonstrates interesting trends: Population The eight fastest growing states are currently led by conservative leaders that support fiscal responsibility. While many are in the South, this trend cannot be conveniently explained by the weather. Otherwise, California would be first instead of 24th. Look for yourself. 01 - population growth Labor The nine states with the largest increase in the labor force are all headed by fiscally conservative leaders. Nevada, Texas, Florida and Wyoming lead the rankings. Four different regions, one commonality: Conservative leadership and conservative economic policies that are pro-growth and conducive to free enterprise. 02 Employment Among the ten states with the largest increase in employment, nine are led by leaders that support conservative fiscal policies. Texas tops them all. 03 Gross State Product Eight of the ten states with the largest increase in gross domestic product claim conservative fiscal leadership. These states are the home of economic expansion. 04 Migration of Personal Income The top six states to experience an influx of personal wealth from other states are led by Conservative governors, led by Florida and Arizona. The two states that rank dead last and 49th? New York and California. You guessed it: liberal-led, and saddled with liberal, big government policies. 05 CEO Magazine CEO Magazine interviewed 736 chief executive officers to rank the states on their business climate. In 2013 Texas was ranked number one for the ninth straight year. The 12 highest ranked states had one thing in common: Republican governors. Three of the top four had another commonality: no personal state income tax. ijreview/2013/11/93057-6-reasons-texas-economy-crushing/
Posted on: Sat, 09 Nov 2013 14:16:55 +0000
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