Jobs summit should have been in Texas

IBD Editorial:

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It's no surprise, then, that Californians have been voting with their feet, leaving the state in droves. Between 2005 and 2007, some 2.14 million fled to other states, while only 1.44 million moved in from other states. The state motto seems to be "Go East, Young Man."

Texans are more fortunate. Gov. Rick Perry doesn't offer human sacrifices to the earth goddess Gaia. He focuses on jobs and economic growth. Texas is growing, creating economic wealth and attracting entrepreneurs and workers.

An article in the October edition of Trends magazine, titled "America's Future: California vs. Texas," states rather starkly: "From the Great Depression on, California was a dream destination for Americans. Now it looks like a nightmare, taking on new debt at a rate of $25 million a day."

Texas has encouraged alternative energy, as part of its all-of-the-above approach, but has not mandated it to the exclusion of everything else and not where the cost exceeds the benefit.

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The Lone Star State has created 70% of the new jobs in the entire U.S. since 2008 and has more Fortune 500 headquarters than any other place in the union. California has 51, New York 56 and Texas 64.

Maybe the jobs summit should have been held at the governor's mansion in Austin.

A lot of those companies moving their headquarters to Texas are motivated by our lack of a state income tax. This can make the difference between profits or failure for some start up companies. It also helps to have Dell computers in Texas too.