There's been a lot of debate back and forth about Rick Perry and Texas Job numbers. First a couple of disclaimers. I am not endorsing Rick Perry. In fact, I do not have a candidate picked out, but I can tell you who I'm not going to vote for. Barak Obama, Mitt Romney, Newt Gingrich, Hillary Clinton, Rick Santorum. The others I'm still considering.
Matthias Shaprio is an IT guy by day, math geek by night. He took the raw BLS* numbers and graphed them Compared state to state and factored in things like population growth and contraction.
And he posted it all here: Do read that first.
Now as I said this post is about how jobs are created. So let's look at what Texas does to create jobs that other states don't.
The first one is actually what Texas doesn't do. There is no Income Tax in Texas (well, there's the federal IRS one, but not a State Income Tax). So people who work get to keep more of their money.
Second thing Texas doesn't do is require a bunch of bureaucrats to approve everything you do if you start or run a business. Texas is one of the least regulatory states when it comes to businesses permits, applications, approvals and the like. They do a pretty good job of keeping the .gov out of your way.
There it is. That simple. And it has nothing to do with Gov. Goodhair. He simply stays out of your way, and keeps his hand out of your pocket.
"Treat me with Benign Neglect."
*- Bureau of Labor Statistics
Being a small business owner myself here in IL, I can say...hmmm...maybe it's time to move to Texas! I'm just a one-man LLC passing through to my 1040 but sheesh....the hoops and $..and that's not figuring the whopper tax increase IL got this year.
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