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Texas enjoys $11 billion surplus

Texas enjoys $11 billion surplus

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Originally posted by whodey
Let me ask you, who do you think pays more taxes? Is it the folks in Texas or the folks in New York and California? Nuff said! 😠

My only advice for the folks in Texas is to use that money to build a wall all the way around their state. That will make it that much easier when they succeed from the rest of these liberal tards.
I am with you, don't build the wall till I'm inside..

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Originally posted by AThousandYoung
How high are Texas taxes relative to CA and other states?

The original article says no income tax, strong income from sales tax, and there's a business tax.

http://www.dallasnews.com/sharedcontent/dws/news/texassouthwest/stories/112408dntextxbudget.34b53a7.html
my cousins' pay higher property tax ($6600 on a house worth $250K) than i do in california ($5300 on a house worth $850K but bought at $350K).

prop 13 in california limits how much residential property taxes can be raised per year, except that when the property changes hands its taxable value is reassessed. (yes i know you probly knew that.)

good on howard jarvis and the taxpayers union! if not for prop 13 we'd have high income taxes AND high property taxes and diddly squat to show for it!

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Originally posted by whodey
That's right, the conservative state of Texas enjoyed an $11 billion surplus as of a year ago. Can liberal states such as New York and California learn from the lessons of the past economic performances of Texas as they drown in their own excrememt of debt? My guess is no. They are too consumed by their economic intellectualism, also known as spending like ...[text shortened]... pa.org/sub/dpd/index.php?Article_ID=17294

My I suggest moving the nations capital to Austin?
Texas is one of the states that benefited from NAFTA....congrats

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Originally posted by monster truck
Well, I guess everythings going to be peachy for the next 8 years then.😉

The basic assumption that the prevailing party is directly responsible for the economy is a stretch at best.
True....trillion dollar tax cuts have nothing to do with balancing the books.

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Originally posted by KazetNagorra
Government has a huge impact on the economy. You can see a clear correlation between socio-economic models and performance of GDP when looking at GDP per capita.
I'd be happy to take a look at that link if you provide it.

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Originally posted by monster truck
I'd be happy to take a look at that link if you provide it.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

Topping the charts are mainly mixed economy countries, with some small oil-rich states as well.

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Originally posted by whodey
That's right, the conservative state of Texas enjoyed an $11 billion surplus as of a year ago. Can liberal states such as New York and California learn from the lessons of the past economic performances of Texas as they drown in their own excrememt of debt? My guess is no. They are too consumed by their economic intellectualism, also known as spending like ...[text shortened]... pa.org/sub/dpd/index.php?Article_ID=17294

My I suggest moving the nations capital to Austin?
The surplus was caused by a $1.00 increase in cigarette taxes.
Leave it to Texas to tax poor people. The majority of smokers in Texas live below the poverty line.
Are you making the case that conservatives in Texas are tax and spend Republicans ?????
Did you say Texas or Taxes ?

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they raised $11B just with cigarette taxes?

shoulda raised it higher, anyway.

p.s., those taxes would've been spent in CA already.

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Originally posted by KazetNagorra
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

Topping the charts are mainly mixed economy countries, with some small oil-rich states as well.
Caught red -handed. The "mixed economy" countries are not the richest, but those nordic economies frequently referenced were rich while capitalist and have slowed while socialist and returned to growth with pro-market reforms.

Here is a list which takes into consideration the purchasing power parity:
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

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Originally posted by eljefejesus
Caught red -handed. The "mixed economy" countries are not the richest, but those nordic economies frequently referenced were rich while capitalist and have slowed while socialist and returned to growth with pro-market reforms.

Here is a list which takes into consideration the purchasing power parity:
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
By "mixed economy" I don't necessarily mean "Nordic model".

You have not successfully argued why "pro-market reforms" were behind the success of these economies, however.

I have already explained why PPP corrections don't correct for all the necessary factors and thus are not necessarily better (or worse) than nomimal GDP. For example, if country X gets much better police for every 1 billion spent than country Y, the GDP or the PPP GDP is not affected (directly), while the purchasing power of country X is in fact much higher.

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Originally posted by eljefejesus
Caught red -handed. The "mixed economy" countries are not the richest, but those nordic economies frequently referenced were rich while capitalist and have slowed while socialist and returned to growth with pro-market reforms.
Unfortunately, as far as debating goes here, you invariably run away or fall silent when anybody posts analysis or opinions (in response to yours) which deviate from your dysfunctionally simplistic ' "capitalism" v "socialism" ' prism in which "growth" is seemingly the only measure of wealth, welfare and human development that you are willing to talk about. The way you simply bailed out of the discussion on Vietnam last year with all those refutations of the facile analysis you'd presented pretty much defines you as a debater and the traction of your creed.

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Originally posted by FMF
Unfortunately, as far as debating goes here, you invariably run away or fall silent when anybody posts analysis or opinions (in response to yours) which deviate from your dysfunctionally simplistic ' "capitalism" v "socialism" ' prism in which "growth" is seemingly the only measure of wealth, welfare and human development that you are willing to talk about. The ...[text shortened]... is you'd presented pretty much defines you as a debater and the traction of your creed.
FMF stinks of more BS on this one.

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Originally posted by KazetNagorra
By "mixed economy" I don't necessarily mean "Nordic model".

You have not successfully argued why "pro-market reforms" were behind the success of these economies, however.

I have already explained why PPP corrections don't correct for all the necessary factors and thus are not necessarily better (or worse) than nomimal GDP. For example, if country ...[text shortened]... not affected (directly), while the purchasing power of country X is in fact much higher.
By mixed economy you mean with an above average socialist component but not quite at the extremes as Sweden was considered to have at one point, otherwise please correct this.

We both did make our points about why nominal was not necessarily as good as an adjustment for PPP. However, it should be considered when you have some countries where so many things are more expensive and part of the costs may well be caused or worsened by market-distortions and inefficiencies.

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Originally posted by eljefejesus
By mixed economy you mean with an above average socialist component but not quite at the extremes as Sweden was considered to have at one point, otherwise please correct this.

We both did make our points about why nominal was not necessarily as good as an adjustment for PPP. However, it should be considered when you have some countries where so many ...[text shortened]... e and part of the costs may well be caused or worsened by market-distortions and inefficiencies.
"Mixed economy" just means some combination of signficant state intervention in the market combined with free market principles. This includes the U.S.

However, it should be considered when you have some countries where so many things are more expensive and part of the costs may well be caused or worsened by market-distortions and inefficiencies.

Can you be more specific?

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Originally posted by eljefejesus
FMF stinks of more BS on this one.
Q.E.D.