Conclusion: The U.S. could see a huge outflow of educated, productive, upper-middle-class families from the high-tax urban blue states to more congenial places.
Investment implications? Look at two vibrant states that have no income taxes and have reasonable house costs. One is Washington State, especially in the urban centers of Seattle, Tacoma and Spokane, as well as in Vancouver, Wash., a suburb of Portland, Ore., which is the perfect tax arbitrage: no income tax in Washington, no sales tax in Oregon. The second state is Texas, which also has no income tax. Snoop around the high-tech areas of Dallas and Austin, as well as the better neighborhoods of energy-producing Houston.
Governor Perry has filled out his bracket for the 2009 NCAA Men's Basketball Tournament and now you can compete against him!
Simply visit the Governor's Facebook page, become a supporter, and follow the link posted on his wall. Once you add the free CBSsports.com Brackets application, you can join the Governor's group. Make your picks for your bracket, and wait for the games to begin! You can track your success, along with the Governor's, automatically in the group.
Not a member of Facebook?
Joining is free and easy. Become a supporter of the Governor on Facebook and tell your friends about the competition!
The winner of the bracket challenge gets to meet Governor Perry and get a picture taken with him.
During these tough economic times, Texas employers are working harder than ever to move products to market, make payroll and create jobs. The last thing they need right now is government burdening them with higher taxes and expanded obligations.
That is exactly what the unemployment insurance stipulations in the new federal stimulus bill will do, ultimately increasing the burden borne by Texas employers and directly affecting the people they hire (and those they won't be able to hire as a result).
Today at 2 PM, I am announcing a major policy decision related to the Washington stimulus package. On RickPerry.org, we will be streaming the event live from Houston. During the announcement, the site will feature a live blog where you can go and add your thoughts to the discussion. I hope you will participate.