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Old 08-24-2011, 03:34 AM
CrowsMakeTools CrowsMakeTools is offline
 
Join Date: Nov 2006
Posts: 54
Default Re: Texas Forever (Amanda Marcotte & Joshua Trevino)

The data about job creation in Texas is for real, and this includes jobs in the science/engineering sectors.

The anomaly, and where the political discussion should move, is the discrepancy between job creation and personal capital formation. In the Texas economy, even as jobs are being created, personal capital is not. Texas ranks 10th in foreclosures (Amanda, focusing on the progressive era legislation that served to protect Texas homeowners from foreclosure, misses this), and 49th in personal credit scores. Texas ranks 9th in the income gap between the rich and poor, 5th in the gap between the wealthy and the middle class, and 44th in home ownership.

This, then, is the libertarian paradise. A dynamic economy, with high levels of job creation, where wealth is being created, even as laissez faire, low tax public policy distributes it in a fashion that amplifies income and wealth disparity.
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