Necessary Trade-offs

The Texas Public Policy Foundation released a study comparing the economies of Texas and California. As summarized in a press release, "According to the study, Texas’ low taxes, reasonable regulations and limited government have created a superior economic climate with growth in income, wealth and employment projected to strengthen relative to California and the nation as a whole."

However, Californians need not worry. While Texas is a better place to get a job, the Center for Public Policy Priorities trumpets the fact that California is a better place not to have one.

Good thing.