Tuesday, March 4, 2014

Is Texas all Hat and No Cattle?

From the Washington Monthly - Oops: The Texas Miracle That Isn't:

"No wonder then, that the flow of Americans moving to Texas is so modest. The state may offer low housing prices compared to California and an unemployment rate below the national average, but it also has low rates of economic mobility, minimal public services, and, unless you are rich, taxes that are as high or higher than most anywhere else in America. And worse, despite all the oil money sloshing around, Texas is no longer gaining on the richest states in its per capita income, but rather getting comparatively poorer and poorer."

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