What’s remarkable (or not, depending on your worldview) about the huge disparity in poverty rates between California and Texas is that the states are diametrically opposed in their taxing, spending, and regulatory policies. California, featuring America’s highest marginal income-tax rate, ranks as the fourth-most taxed state in the nation, according to the Tax Foundation, while no-income-tax Texas came in at forty-seventh. In a broader survey of economic freedom that includes labor law and regulation, Canada’s Fraser Institute rated Texas and South Dakota as tied for first with California lagging far behind at forty-third, just ahead of New Jersey at forty-fourth.So two States have similar populations, but vastly different poverty rate.
A conservative leaning Libertarian stuck in the land of Nuts, Fruits, and Flakes, or as it's affectionately known, by regular people, Kalifornia
Day by Day Cartoon by Chris Muir
Sunday, July 26, 2015
America’s Future -- California Or Texas?
From Chuck Devore at The Federalist:
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