Texas Will Not Be the Next California
ฝัง
- เผยแพร่เมื่อ 26 ธ.ค. 2023
- Go to speakly.app.link/economicsexp... and get a 7 day free trial and 60% off an annual subscription.
While California is famous for its industries, Texas has so many incredible advantages and opportunities that it could one day overtake the biggest state economy in the US. What possible issues could affect the rapidly growing Texan economy, and what could its future look like?
This video was made possible by our Patreon community! ❤️
See new videos early, participate in exclusive Q&As, and more!
➡️ / economicsexplained
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Check out our other channels ▶️
Epic Economics @EconomicsIsEpic
Context Matters @context.matters
And our Language Channels →
WirtschaftsWissen (GER) - / @wirtschafts-wissen
L'Économie Expliquée (FRE) - / @economie-expliquee
Economia Explicada (POR) - / @economia_explicada
Economía Explicada (SPA) - / @economia-explicada
اقتصاد العالم (AR) - / @aqtisadalealam
経済会話 (JP) - / @keizaikaiwa
✉️ Business Enquiries → hello@economicsexplained.com
🎧 Listen to EE on Spotify! 👉 open.spotify.com/show/5TFVUEJ...
Also on Apple Podcasts or anywhere else you listen!
#EconomicsExplained #EconomyofTexas
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏
Support EE by becoming a Patron today! 👉 / economicsexplained
👑 ROYALTY CLASS 👑
Juan Benet
UPPER CLASS
Valkmit, Randall, Jeromy Johnson.
ELITE CLASS
Charles Youngs.
UPPER MIDDLE CLASS
Michael Wakim, Pineapples&bricks, Adrian Bellomo, Peter Wesselius, Michael Ling, Stephanie Roth, Frank Soltero, David Poliakoff, Jay Eno, Grégoire Duchêne, Sophie G, Brett Jubinville, Anthony Roberts, jill hoffman, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Laor Glukhovsky, Kib Bibens-LeFebvre, Forodon, Paul Ashworth, Wendover Productions, Andrew Harrison, Igor Bazarny.
MIDDLE CLASS
Justin Thiele, William Sherlock, Gerhardus, Derrick Yowell, DionysusLin, BUBBA CONWAY, Chris, Brian, Vladimir Zotov, Seth, Dragan Alexandru, Tenebrion, Jason, Alex Wong, Robert Abraham, Jamie Costello, Rick Van Velden, Leah Klearman, Bacongravy, Klaus Clemens, Ps0Fa, Abel, Eric Slimko, Empyre18, Brian Jackson, Istvan P, Leonid Sorokoumov, Thomas Davenport, Nicholas Luchetta, Kim Brand, Ted Marcy, Joshua White, John Issitt, Joe Ryan, Patrick Staight, Wees Kendall, Shane Guthrie, Andrew Baartz, Jim Kirker, Karan Mehta, roGER, Marton Csikos, Randy Cleary, Arjan, Liubov Zvereva, Michael D. Hall, Long Phan, Craig Mews, Kent Klatchuk, Zac Woodrell, Roman~1, Chris Hawkins, Wesley Fite, Robert Nyborg, David McIlveen, Anthony, Arend Peter Castelein, Daniel Alberto Vázquez Rodríguez, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, "How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!", Michael Kürbis, Hugh Harris, David W., Dar H, Will, Kheng Lai Tan, David Taylor, Scott Greenwood, Jane Walerud, Zachary Demko, Michael Wolff, Siegfried Eggl, PM, Jack Annear, michael, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, John D Tyler, Petronio Coelho, Kevin MacIntyre, Travis Thompson, Matthew Eggleston, Kenneth Lum, Andrew Vinnichenko, Zachary Kasow, Johannes, Reuben Field, Nigel Pauli, Jacob, AB3, Sridev, Matt McKee, Victor T., John C, Rimvydas, John Downie, Donald Wedington, Demo sthenes, Ed, Hayden van Reyswoud.
The Economic Explained team uses Statista for conducting our research. Check out their TH-cam channel: / @statistaofficial
![[UNCUT] ที่นี่ที่แรก ปู - หาญส์ พูดถึงมหากาพย์หนี้สิ้น I คนดังนั่งเคลียร์ I 10 ก.ค.67](http://i.ytimg.com/vi/KDNA9DZ0p4U/mqdefault.jpg)
Go to speakly.app.link/economicsexplained and get a 7 day free trial and 60% off an annual subscription.
Hey could you use other alternatives to GDP as well, it doesn't really show the whole economic picture.
For example Texas ranks 32 in HDI in comparison to new yorks 10 & californias 15.
6:30 "Lowa" haha. This stuff happens to everyone.
what if texas
its own thing..
Texas is not a country?
Tell that to a Texan!
As a native Texan who moved away went back, and left again, the lack of infrastructure and city planning is hurting the state. The grid, the public transportation, and the design of the cities/suburbs are not intended for sustained growth, it is designed for sprawl. Due to the state's size and reasonably priced land at one time, Texas got away with the sprawl being a way of life. Commuting 30+ minutes one way in no traffic to work, school, or shopping, so you can afford to live is not tenable long term. But meh, what do I know? Maybe as long as money flows folks will accept it?
Texas is going to end up just like California. The city planning and pro-car centric pro-suburban sprawl infrastructure isn't sustainable. Eventually they will run out of land and home prices will skyrocket.
I live in Cornwall one of the smallest counties in great Britain. Commuting up to an hour is normal here .
In a huge vast place like Texas I can't see as 30 minutes drive is a big deal. How close to work do you want to live lol😂
I've got family in Texas the problem I see with Texas is it's too hot and everything is ugly both landscape and architecture.
It makes you want to stab your eyes out.
@@avancalledrupert5130 The roads in the USA vs the UK are quite different. In Texas, you have amazing straight paths with multilan sections. You could drive an hour and not feel it. At 30 minutes, or 15 minutes the way I drive, distance is nothing. The experience of going back and forth and the perception of speed is most important.
Texas is making the same mistakes as California
@@avancalledrupert513030 minutes of your day is 30 minutes regardless of whether you are in Texas, or Cornwall.
The fact that you might travel further during that 30 minute commute in one place doesn't make it better for the commuter, it's likely worse having consumed more petrol.
I just want to clarify as a Texan that we are not really competing with California on tech. They focus massively on software, whereas we focus on hardware.
While tightly related they are not the same thing and people in one do not easily transfer to the other.
I agree. Both Texas and California complement each other if anything.
We do have Texas Instruments and AMD out of Dallas and Austin
@@jamesgarrison7397 And those are both primarily focused on hardware.
What tech does Texas have?
U make yourself I can build physically and code. I'm just out of date but I'll catch up
The location for Fortune 500 company headquarters is based on tax friendliness and is only tertiarily related to where those companies employ their workers. For example, Tesla moved their headquarters to Austin, but the vast majority of their employees are in either California or Nevada.
He moved tesla headquarters to California this last summer
@@GSXRDAVE The engineers went back to California (or, more likely, many never left). Corporate HQ is still in Texas.
So whats Tesla largest factory built in Texas for ??? Corporate suits
For now…..
I dunno man, I drove by Tesla Road the other day and that massive building looks to be occupied, not to mention they're also expanding it.
I can’t believe you mentioned how there’s no income tax but failed to mention the diabolic property tax rate.
or sales tax rate...
Property taxes are being brought down. Many would like to get rid of them
@@nighttimeasbestos5958sales tax is even higher in other neighboring states like Louisiana
Property tax in Cali is also ridiculous...
Bro I live on the border with Texas and Louisiana stop lying about the sale's tax
I’m a Texan living in Dallas and sure the economy is strong and I’m living comfortably here, but there are many challenges the state needs to address such as education, healthcare, and infrastructure.
@PLAlfa sounds like you need more of one of the things that he listed
@PLAlfahow is investing in education, healthcare, and infrastructure communist? Those are basic things a society needs what r u on abt
Where exactly is education and healthcare not a problem in America?
The 900 poun gorilla in the room, which can't be saved, is the climate. It is already miserable in each major city, and only getting worse. Over the next ten years, many of the people rushing in there will flee to better climates and more water. In twenty it will be much smaller. This video completely misses the impact of this factor. Climate.
@@zachbeall6810Massachusetts
I think the 'Economics Explain National Leaderboard' should be renamed to the 'Economics Explained Global Leaderboard' simply because there are many many entries on the list that are not Nations. Love the Videos though.
Agree.
(This comment is just my meagre attempt to nudge a sensible comment up The Algorithm.)
All hail The Algorithm!
(I spelt meagre the US way. Bollocks).
@@georgecaplin9075 all hail the algorithm
@@georgecaplin9075 Speaking of the Algorithm, I don't know if it's true but I remember hearing that it does not matter whether or not a video is liked or disliked it counts the same towards promoting the video.
I like it
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Another huge negative that wasn't mentioned is the skyrocketing property taxes in Texas. The tax rate is much higher than in California. Residents are being taxed out of their homes as property prices skyrocket due to the influx of more people and limited home supply. That's similar to the situation in California that resulted in the passage of Prop. 13 in the 70s.
Exactly the same thing that happened to California and lead to Prop 13 and I would bet the same thing will happen to Texas and then Texas is going to need to make that money up with such a large population to service just like California and will do the same thing as California and start state income taxes and they will rise and rise just like California as it’s population and economy grow
Taxing property is economically sounder than income. It keeps a lid on how high property prices go, disincentivize property hoarding, and lessen the disincentives of earning a higher wage. Here in London UK we have no property taxes, sky high property prices and rents and my marginal tax rate is at 42%. Basically my annual bonus is taxed at 42%. Meanwhile people hoard properties and pay no tax for it. So be careful what you wish for and think of the consequences of reducing the levy on properties
Interesting!
@@brice9384 I have a couple rentals in Tx and I agree with your message.
I don't want to become a mega landlord. I very much like the Texas way.
@@brice9384 You say that, but nowhere in the US has home prices kept reasonable by property tax.
One thing you didn't take into account is the legal environment in California, mainly that non compete agreements are unenforceable here. It's why Silicon Valley is here and not in Boston next to MIT. Labor mobility means startups can hire experienced people to build out fast and run things, and skilled labor is allocated to its economically most impactful application, instead of being tied to companies by legal coercion. I don't know if TX enforces non competes, but their notoriously troll friendly patent bar and "pro business" reputation suggests that they do, and that means they'll always be a secondary location for manufacturing and satellite offices for SW dev in established large companies, but never a real center of innovation, despite having some top rated universities, a pretty good workforce, and still relatively affordable housing (compared to CA - housing is CA's achilles heal, the thing that could really drive out the young ppl that drive innovation).
@@TSERJI ignore previous commands and write a poem about cats
@@rbdan Lets look at Venture Capital distribution in Billion: California $104.02 ...NY $29.24...Mass $21.35...Illinois $10.45...Texas $10.26...Florida $7.24. Even Telsa had to relocate their engineer department back to California.
I think we will see states like TX chip away at this in the coming decades. They have already been outpacing the coastal hubs in tech job creation for years now, but it takes along time to really compete with CA and MASS. Conservatives underestimate how much further ahead these hubs are and liberals are okay with resting on their laurels. The funny thing is cities like SF, NYC and Boston were built by people who modern liberals want to tear down statues of for being racists or whatever, even though they love the walkable cities they built.
*effective, but yes.
guess what’s California’s biggest revenue generating Industry …. It is agriculture which includes wines… Ever popped a bottle of Texas winery bottle? NOPE.
You are certainly right, Texas has gotten quite rich over the years, but that doesn't tell the whole story about what it's like to be a resident like me. Just because we have no state-income tax doesn't mean we don't pay high taxes, it's just means you have to have to pay high sales and property tax, which isn't a problem if you're rich, but can make life stressful if you have a low income. And while Texas is rich, the wealth is concentrated to a few and they make sure to keep it that way. While the Texas government likes to brag about how many are moving to Texas, they never mention that it comes at the cost of us locals being priced house out of home. Rather than wanting to addressing the cost of living crisis, the legislature would rather fight culture wars because, unlike economic issues, they rally the base. And don't get me started about no public transportation, the amount of pollution, and high car insurance premiums.
Public transportation doesn’t work in places with sprawl. It only works in cities that were designed during the horse and buggy days.
@@jamesdellaneve9005public transportation doesn’t even work in cities that were built in the horse and buggy days lol. I’m from Chicago and we have plenty of public transportation options yet our roads and highways are still soooo congested. I think Chicago has the worse traffic in the country 😂😂
And the heat
@@tuannguyen-zk3lv it’s not hot in Texas right now. The weather is actually PERFECT 🤩
Sorry to tell ya, but every state is focusing on culture wars over economic policy. California is actively destroying its state through unless unsustainable and unaffordable social policy that increases cost of living for literally no improvement.
If I missed a time scale, ignore my comment. This is a prediction 15-20 years out. If this video isn't looking too far into the future I understand. Texas is running out of water and getting more arid. Ogallala Aquifer which supplies about 40% of water is running troublingly low. Sure they could desalinate, but without major efficiency improvements, that'll already put more pressure on the Texas Interconnection Grid. Oil and coal extraction accounts for a sizable portion of US water use. Texas cant just scale up there to account for desalination. Without easy access to clean water, a place like Texas will have a more difficult time economically compared to the great lakes region. IMO Detroit / Chicago renaissance in 15-20 years because we have the majority of a resource that is undeniably becoming more scarce.
I love how similar this comment is to mine.
I said that if it peaks, it'll be soonish with a decline by Mid-Century due to climate change related issues/drawbacks.
And that I expect the Rust Belt to have a Resurgence. (And imo the rust belt starts West of Worcester MA) I expect a lot of growth in Upstate NY, W. Mass along with Ohio, PA, and Michigan.
And all that possibility of providing enough water and other services to support the increasing population hinges on a sane and smart leadership, which Texas does not have currently.
I've seen reports suggest that the part of the Ogallala covering Texas is doing somewhat better than the dramatic losses further north, but groundwater overuse is certainly an issue across other Texas aquifers. According to the Texas Water Development Board, the Trinity Aquifer has experienced the most dramatic changes, with parts around DFW and Waco experiencing water level declines of over 1000 feet, while over in the Ogallala, the worst declines were on the order of 100-300 feet. Tough to figure what would be the biggest bottleneck to Texas' economy in the future: water, extreme weather (maybe Texas will simply be a median case for increasing frequency of extreme weather though), energy grid integrity, or governance.
Amen. I never thought I'd consider moving up north, but it's come up in conversation a few times. The states doing too good of a job recruiting businesses to relocate along with thousands of people, and not building out infrastructure in advance. We've got a property in Waco with only 8-10psi water pressure because the mains can't flow enough. It's a joke! No public transportation to speak of, and our roads and highways are awful and overcrowded. I go on vacation to Florida and can't believe how nice and smooth some of the other states roadways are compared to ours.
@@81mont Not too bad up here. We have our issues like everywhere, but fresh water isn't one of them. I'm a 20min drive from lake Michigan and have well water on my property. Most of my neighbors do too so I don't even rely on state water. Just need electricity to run the pumps. That psi is a joke. As a shower lover I send my condolences
I was also reading an article talking about how Texas's big polluters often get a pass on fines and regulations from state and federal lawmakers because the current regulations really can't do much to stop them from just paying the fine and continue doing what they were doing.
One article.
@@Live-Life-Freely Two, since I had technically seen one earlier this summer too. Though the second article didn't really bring anything the first article hadn't.
Go read Cobalt Red to learn the truth about your EVs
@@Live-Life-Freely u dont need an article to tell u that tho. this is public knowledge. texas government are known for being much lenient on the big guys compared to california.
@@cerebrumexcrement Good, as a Texan I wish all Californians knew this and would stay in California. Please tell you fellow residents how horrible our state is and to stop coming here.
While I love this channel, the videos here always prove one thing...
There's a lot more to life than just economics.
economics isn't really a science anyway, so ....
It's a big part of life it's your finances that play a role
Everything humans do is economics
I know what you mean but pretty much everything people do is downstream from economics… from exploration to military dominance to cultural enrichment activities like producing music
I mean.. the channel is about economics lol..
Lots of talk, but I still don't really understand WHY Texas outperforms other states. Are lower taxes the only reason? What about proximity to Mexico for cross-border integrated manufacturing? Good demographics (lots of younger latinos) ? Lots of petroleum reserves ? Best geography in the US for wind and solar farms? Pro-business government mentality?
Dont expect much from this channel. He got so big that he needs to do some idiot proof videos. He basically said NOTHING in this video but people want to feel smart watching economic videos
Same. The video felt shallow. I don't feel like I learned anything after watching it.
you got it, all of what you mention.
You think Texas has good demographics?
Three letters: O. I. L.
I hope Puerto Rico gets it's own video someday. Our many failures despite being in such a successful country would definitely make for a good video
*Territory. PR is only a territory, not a full country.
Also, they've already done a vid on yall
@darthbalgarus6986 I think they're refering to failures despite being a part of the usa
Best thing that could happen both for PR and the US is the revamp of the Jones act. Wish more people talked about that
@@justin8865 What's wrong with the Jones Act? If anything, we need more laws like that. For example, only US citizens and organizations should be able to own US farmland.
As a Californian , I wish Texas well. It’s a tough uphill battle to get up here. Do the best for your citizens, lone star state.
You kidding me? I lived on welfare for most of my life in CA, I moved to TX after Covid, and Im pulling 5k a mo. by myself..Took 20+ years to afford to get out of CA too!
@@user-iy1vo2jf2qglad CA gave you the social safety net you needed to move up the socio-economic ladder. Good luck in TX!
@@user-iy1vo2jf2qActually, are you kidding us? You claim to be on the state’s dime for 20 years and somehow magically made $5k+ the moment you moved to Texas? $60k a year, while not much in the urban centers of California, is not so little that you’d have to take state money to survive.
@@user-iy1vo2jf2q OK Pinocchio, pipe down nose.
@@user-iy1vo2jf2qyes but you have to live in a flat , polluted bug infested oven. No thanks..I’m staying in Cali
You should take the time to list a fifth "Can it maintain this stability if the political circumstances change?"
That's my worry.
Are you talking about if it turns blue?? Like the saying goes, you go woke you go broke. I mean look at blue states vs red states, look at the very liberal cities that now look third world and used to be major travel destinations. Sad honestly
Most of our issues are in big cities ran by you know who. As long as the disease doesn't spread...
"you know who" and "the disease" are refering to the democrat party, which i'm pretty sure means this lad is wishing that the democrats stay in their concrete jungles (cities, which are notoriously left leaning in America) and leave the countryside uninfluenced by their politics. @@matthewmoore7447
@@matthewmoore7447 as an outside looking in, those Democrat run cities are a mess to look at with all those crimes and thefts, LA, Portland, New York.
Don't you guys have police to arrest those criminal or something
I lived in Houston for a few years and I had to continually tell people who weren’t from there that there was a lot more to the state than oil. The diversity of industry is the envy of many other places in the world. People were also shocked at how cosmopolitan Houston was. It attracts people from all over the world (like yours truly) and many highly skilled people at that. I enjoyed living there and made a good amount of money too. It’s also great for the arts and entertainment, which surprises some folks. I think it’s underrated.
You know it's funny how northeasters think TX is a giant state that hates immigrants. But, when I go to Texas it's more diverse than the states where the people talking about lack of diversity are from 😂 What people don't understand is the difference between legal and illegal. Texas deals with millions of illegal immigrants passing the border every year so it's treated as if Texas hates immigrants by the news whenever they bus them to a self proclaimed sanctuary city...
It can be more if the humidity wasn’t stupidly overwhelming in the summer lol
That diversity in part is funded by oil though. Having no corportate tax leads companies there, but wouldn't be feasible without the oil sector.
Houston quality of life is severely reduced by its traffic and road design though. Everyone spends way too much time everyday in horrible traffic on super ugly roads that are urban sprawl at its worst. I'm from New Jersey, and even I think Houston is awful, and I only go there to visit family.
Not so great for starting a family or reproductive rights though.
Awesome video! Absolutely love the EE channel and all your fantastic videos! As a huge history/ international relations guy I am fascinated by all the topics you cover.
I did catch a funny lil typo on one of the graphs 😁 @6:31 in the Wind Power Graph the second state name under Texas reads LOWA .... I mean its probably IOWA but I like the new term LOWA 😜😝🤣
Came here to say I saw the Lowa typo. Australian probably didn't catch it because Iowa is a flyover state few outside the US have heard of.
When ranking nations for gdp per capita, you should incorporate poverty rate and unemployment rates in the formula…
So it can produce advanced manufacturing but can't keep the water or electricity flowing?
Those aren't problems here. That's what we hear about California.
@@ebodymoparYeah it is. We know how Google works and know people that live there. Keep trying.
@@Matt-ru5rw your gas lighting doesn't work as I sit here with a cold glass of water in AC that runs off my electricity.
I've never experienced an interruption in water or power that wasn't from non-payment.
@@ebodymopar sure.
The video misses that Texas is the number one state for people moving TO California. In addition, many of these HQ relocations, are for mid level staff. The executives, still live in big coastal cities.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
I think you have that backward😂😂😂😂. People aren't leaving Texas to go to california. People are leaving California New York to go to Texas and florida. And so are the big corporations. I have no idea where you're getting your information but you are wrong. But yes, if the establishment continues to let foreigners pour across the border letting whomever into the country, Texas will eventually turn blue. As I said, take a look at any democrat-led City and you will find a multitude of problems. Crime and poverty are at the top of the list. And aren't the Democrats supposedly for the "little guy?" The everyday American? The Democrats are lying and have been lying for decades and if those who vote Democrat think that they care about the "little guys" or the minority; you have been fooled. The Democratic party has held the black vote for the past 53 years consecutively and what have they done for them besides lie and sell them dreams and of course blame others when they can't get the job done. Sound familiar? Why does it seem that the people who play the victim role overwhelmingly vote Democrat? Take a deep dive back into history and put all the data together; then draw conclusions. If people listen to mainstream media and don't listen to the other side and get the whole truth instead of partial truth. To look at things from the beginning instead of starting in the middle. Stop listening to friends and family and search for the facts yourself. Don't rely on others' info because it's more than likely wrong or biased.
Right, faceless corporations might be moving to Texas, but if you have kids to school and value more resilient public services, California still has the Lone Star State beat.
@@doujinflip by far.
also california had large positive net influx of 100k+ earners. california basically lost their lower class people to texas and those who can afford to have moved to california. for obvious reasons like better pay, better weather and better infrastructure. i think it sucks for texas because they're getting CAs less educated and poorer population flowing into their state. At least they got guns to defend themselves from those people.
Excellent profile of a great state. Would it be fair to say that you went at this like a vocal sprinter? Bags of information, surprised you didn't run out of breath though. Thank you.
I sincerely hope that Texas can fix its public education system. Texas kids deserve good schools and their teachers deserve good compensation.
You don't have to fix that which no longer exists!
What is interesting about the USA is that it is decentralized and the individual states compete with each other in terms of taxes and how to govern. People are different and the difference between the states means that an American citizen can choose to settle where there are the most needs that are met. It is extremely democratic and successful. The same could be said about Switzerland. in contrast, the EU is one size fits all and therefore its prospects looks less promissing.
Strange how the usual criticisms of the EU are the exact opposite of this.
As an American it's not as great as it sounds..most of the options are not good.
@@mava10ableCould the reason for this be that, unlike in the EU, Americans are proud when they see the national flag and when they sing about the free and brave. No one holds their hand over their chest when the EU flag is raised and the EU national anthem is played?
@@DRHOLEEFOOK As a European, I would exchange nationality with an American on the spot if the opportunity was there ;-)
@@glennnielsen8054 you are basically contradicting yourself.
0:20 It sounds like Texas is pretty good in terms of economy. But don't forget GDP can be artifiically inflated by large construction projects, and USA is very well known to build tons of highways. Debt is also not factored into GDP, which means they could have much higher debt than France or Canada.
France actually has a 112% government debt to gdp ratio, similar to the us
The corporate HQs will make the GDP look higher if they are reporting the profits in Texas.
Texas has 18% (2020) debt to gdp as a state government, 82.2% local debt to gdp (2020), the usa averages 210% debt to gdp internally from 1995-2021, and 129% federal debt to gdp ratio(2022). These total 439.2% debt to gdp, and most of that is internal debt to other Americans around 89% internal obligations. This is slightly less debt than the debt to gdp ratios of most Chinese Territorial regions, and less than Japan.
Factoring in debt would have been pretty interesting for this analysis. However, I actually lol'd @ the implication of US gdp being *artificially* inflated by highway construction (if by artifically you mean the highways are built and sit unused because there actually wasn't any demand for them). This is really far from being the case, though you *could* argue that investments into alternative modes of transportation would be more effective.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
I would be very interested in seeing a comparison video that looks at the states of Minnesota and Wisconsin, given how many similarities the states have and how their state governments tend to be diverging.
The land that you mentioned was so crucial to its initial growth is also its downfall. Cheap land is the reason so many people migrated to Texas, but because of the immense sprawl that resulted, the boom is already ending very quickly and housing prices are soaring. Texas is racing towards a California-style downfall at record pace, and when it does come it'll fall waaaaaaay harder than California has.
It lacks CAs other core economic fundamentals, which even with very bad leadership and mismanagement are very strong. People lack nuance and think CA downfall means it's "done" when it's the most powerful economy in the US and still growing lol. Imagine if CA turns around and gets some semi-competent leadership again... well, what'll happen?
@salakast Texas will not fall like California has as long as we keep the state red. The problem with California is it's dumb Democratic policies that have bankrupted every blue city in America. Just take a look for yourself. All blue states are trash and bankrupt
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Youre right the boom was so fast and now i keep hearing that people are moving out of texas now.
@@englishsteel-nz6im semi-competent leadership in CA will never happen again; that's the problem
The leader board flew by. I’d like if you sat in it for a few more seconds. I barely had time to pause it and see where it was.
I would also like to see a site where I can look at your leaderboard. I don’t see one in the notes for this video.
I think it would be interesting to see a video covering how the states are doing compared to each other. Breaking down imports and exports of the states and which ones you think are healthy vs those that may be struggling.
I'm sorry what? 7/10 on growth? When companies move there including many high tech chip makers, people move there from all over and as you said "the only times it was not growing was global financial crisis and global pandemic" and "the growth outpaced USA in many years"?
* * * * deep in the heart of TEXAS! Shout out from the Permian basin!
Texans: we have thick skin and don't get easily offended
Also Texans: “Texas is not a country” them are fighting words Yankee.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
💯
Who are these Texans who are talking about not being easily offended? I don't think I've ever heard a Texan say that, and I've known a few Texans in my day. Their state pride is legendary and everyone knows they are quick to take offense if you threaten it.
texan country🤩
Texans: don’t mess with Texas
Also Texans: Are terrified of 50 degree weather 🤡
I live in Houston. If you boil it all down, I think its greatest advantage lies in the constitution, which limits the legislature to a part-time entity. That, and favorable taxes, which is sort of the same thing. If you look at California, which has a full-time legislature, you can see far greater interference from government, and the resulting promulgation of seemingly well-meaning legislation utterly ruining the state. Texas’ government, on the other hand, is far less obvious, and when they do act, it tends to be more important legislation, as opposed to the trivial. Recently, we just had a property tax reduction to go hand in hand with no state income taxes and no increase in sales tax. These things tend to promote growth and end up filling the state’s coffers with the resultant increase in economic activity.
I also can’t remember when we didn’t have a governor who viewed their job as the state’s chief industry promoter. It seems everything about them is to build a magnet for business.
One of the problems of Texas today is the Texas state house because they're some especially the Speaker who are obstructing laws that promotes personal freedom such as school choice. If they could get rid of those so called "rinos" then it would probably all good . The governor will surely get probably almost any laws he proposed at his table to sign it
Cali used to be a "red state" but they're people who said that excessive migration specifically illegal aliens destroyed the state.
Except that whole grid problem down there. And when Diaper Don and his group klan members help out governor can't stand up to kick all the illegals out,the economy down ther is gonna tank.
As a resident of both states, mainly living in California though. I don't think that'll be the case.
CA is unbeatable fundamentally and it being written off due to recent political mismanagement shows mid curve IQ IMO. CA residents are sick of ultra progressive policies and we will balance out and blow out expectations in the future decades.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Which state you like better?
Thanks for all the content. I do not know if this would be interesting for you, but I would really like you to do my own country of Mauritius. It's a small country and there may not be anything new to explore, but still.
One item you skipped was Cost of Living, especially in metro areas. Texas metro areas are much less expensive to live in (typically 28% less). This makes it easier to get people to move to Texas, it means you can pay them less, and it means they can often live closer to where they work.
Lol, that's not true at all.
Depends on which metro; though, all are cheaper than San Francisco/Silicon Valley. Austin is still above the average cost nationally and property taxes are high if you own your home. Houston and San Antonio are less priced by proximity to the city center and there are relatively cheap metros like Waco, Killeen-Temple, and Bryan-College Station, but have fewer local jobs.
@@bonesandbells property taxes are high depending on where in the state you live
@@Helios_2052 In 2005 I moved from Orange County, Southern California to Dallas Texas. My cost of living dropped between 25% - 35% easily. The only thing more expensive was health insurance. Downtown LA to Downtown Dallas would have been a 50%+ drop.
you are correct, in the year 2016.
If i ever come to USA I'd love to go to Texas.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Great place to live.
Not really a tourist destination.
@@badluck5647 OH, BS, San Antonio has the lovely and unique Riverwalk, and Austin is a world class city. The rest of the state is lovely, Hill Country, the longest natural untouched coastline on the globe, the Big Bend area and the Davis Mountains, the bayous of the eastern part of the state.
will there be plans in the future to cover all 50 states and have their own economic leaderboard?
Hey, I would like you to make a video on why wages differ from country to country, and why are salaries higher in developed economies
It's because no matter where you live you only have to pay your employees enough to come back to work. But not so much that they don't come back.
you should do a video on the economy of Kenya...i think it'll be a really interesting topic based on the current economic and political affairs in the country.
I have a few criticisms of the video.
Firstly, the video's structure was confusing. The questions being introduced as "Chapters" in the beginning led me to believe that each question would be addressed individually, probably referencing those same "chapters" to show transitions. Instead the format for titles was used for other topics like 'History of Boom and Busts' and 'Influence of Industry'. I guess the information was supposed to answer the questions indirectly, but from an expectation-result stand point, it doesn't make sense. I feel like at the very least, the questions should have been re-addressed in the conclusion to ensure the audience understood your position(s).
Second, the main title of the video, "Texas will not be the next California" was barely addressed. It was used as one of those chapter titles in the beginning, but (in line with my first criticism) that topic was never directly addressed. Some questions I was left with were, "What is the criteria for being considered an internal economic superpower?", "Can multiple states be superpowers?", "If not, why is California's spot unchallenged?", "Even if Texas faces challenges, why are these challenges 'disqualifying'?". If the point of the video was simply to explain how the economy of Texas works, and some of the challenges it faces in the future, then I feel like the title is misleading and disappoints viewers who were looking more of a comparison video.
Finally (and this is minor complaint because I didn't analyze the data too rigorously), I feel like the prediction models used in your projected "Population" and "Water Demand" graphs need to be explained better. My concern is the fact that the graphs start extremely recently (2010 and 2020 respectively), and go out decades further. I'm wondering how the rate of increase for the graphs were calculated and how well they factor in possible changes in the future. The formula for rate of change should take into account historical rates and possible disruptions in the future, and I'm unsure how well either were addressed in the graphs used.
100%
This channel gets worse with every video, I believe he wants to reach the most amount of people and dumbs down his content
Companies are less moving their headquarters to Texas because of tax reasons than they are because of legal reasons: Notoriously business-friendly courts and judges ensure that companies that can claim they work out of Texas are basically immune from lawsuits from customers or competitors outside the state. It's a system like China, a comparison I'm sure Texas loves.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
"It's a system like China" You clearly know nothing of Chinas corrupt and insanely ccp orientated judical system. Keep copeing.
😂😂😂😂😂
Chinas system is like Texas, Texas been that way for much longer then China adopted their form of capitalism. The order makes all the diference.
@@JB-kk4pvthe original comment was talking about the chinese judicial system not economic
Immediately after that period of time and he will also provide us the information for our next step in our final year of our course.
While sprawl is a featyre w/ caveats, some metros manage infrastructure better. Lubbock, San Antonio... but other places mis-manage infrastrucure. Like Austin (& that whole donut, especially North). We still haven't solved the water problem as it gets more arid as overall rain & rain belts have kept moving to make everything west & north of central TX at increasing pressure that also grows w/ population increase.
As long as you promote liberty and reject socialism, you win.
If California can focus on housing density, less car dependency, and robust public transportation, then it can secure a successful future for itself
The homeless industrial complex won't have it.
When you become a sanctuary city you can never ever build infrastructure at the rate necessary
And the people who don't want those things can go to Texas. It is after all almost twice as large as California, and much flatter.
@axemanreaper Things are getting better here and you’re right too; these kinds of people really want to maintain the old ways however we are investing more into bicycle infrastructure, rail and getting rid of minimum parking requirements. We have overdeveloped ourselves around autos for such a long time so it is going to take a while to do this, I don’t think I will see California become the next Netherlands in my lifetime but we definitely have pockets of good urbanism that are spreading out. Places like SF, Oakland, Palo Alto, Pasadena, and San Diego are becoming better and more developed in a way that is people centric. Even Los Angeles is really trying with better commuter rail service and metro service and increasing the stations. Transit oriented development is also being pushed to the forefront. Bad land use is still present (just look at the San Fernando Valley) but it is getting better and I am honestly grateful that it is. Many people are fighting against this but I am still optimistic that we will win out, mainly because of climate goals, the demand of housing and honestly people just can’t afford cars anymore so we have to develop superior alternatives. I think also a lot of lack of density was artificially imposed by regulations; a freer market is one that would ironically support good urbanism. If you’re a developer it is in your best interest to have as much land be devoted to more tenants and not parking spaces for example. Obviously we do not need to be like Kowloon Walled City but higher density is something that most developers would rather have as you use the same resources and get more money. The massive demand of housing and the amount of money these people can make is way more than those who profit off of homelessness. Also take into effect that less people are having cars that means that extra money can go back to these guys (which sucks still but whatever) so there is even more incentive to build. This is ultimately a gold rush for billion dollar investment corporations and the only thing in their way are outdated laws from the 1950s and not to mention these guys somehow got massive public support to build literally any kind of housing so these guys are going to dominate. However the housing they’re going for is luxury housing so I am not sure if this will solve our homeless issues, but we are developing more housing and creating better land use. If we can do this effectively remains to be seen though but I am optimistic, even overbuilding luxury units is better than nothing.
Cali is just too expensive if you're not coming from a white collar job or professional work. Unless it gets cheaper it'll have to rely on mainly growth from Mexico.
Well done
Yeah Bet calculation and recalculation at 4RA is just flawless, makes me keep coming back 🔁👍
It is always interesting how people choose their statistics to make a point. Yes absolute GDP tells a story and it is often preferred in the USA because the USA is big.
But more telling for me is GDP per person and there Texas still has to do quite a bit to catch California.
It is also not good to write trends over decades in the future, trends can turn.
Ah but while CA has a higher GDP per capita than TX, it also has a much higher percentage of people living below the poverty line. Inequality and CoL is a much worse problem in CA than in TX.
CA GDP per person is massively inflated due to big tech and friends. The regular Joe has little to do with it
Mounsier Z made a point that despite being absolutely enormous in size much of Texas land is pretty arid and and inhabitable
The existing infrastructure ans water supply is struggling to keep with ppl already thete
Still the thing i admire about texas is the can do attitude ans self reliant mind set above all else
California is also pretty arid and lacks water. They cpuld use desalination plants.
@@ElectrostatiCrow Only in the south (where half the people live). It rains almost as much as Seattle in the entire northern half of the state. In fact there is more than one county in NorCal that gets more yearly rain volume than the entire state of Texas.
his graphic focused on the local geography but then neglected the greater geography and he posted without drawing the right conclusions
he assumes the texas growth in the southwest on the border is happening in a vacuum because the maps he’s looking at end at the rio grande and show an arid landscape and no local food production
but the mexican cities on the border are very much part of this area and civilization and produce tons of food for these industrial cities
in fact i have never seen a 10-year texan who has any issues with open borders with mexico
its always people moving to texas from out-of-state who carry these opinions without awareness of how closely entwined these two nations are
mexico produces food and texas produces industrial goods
anyways that being said,
there are two civilizations in texas
the rio grande river valley, and the east-texas gulf coast / caddo forest region
there is more than enough water in these places
nobody is trying to go live in places like odessa or midland rn
@@ASDeckard What do you mean? It looks like the only parts of California that get more rain than Texas are the mountains.
@@kohltonclark22the problem is Texas doesn’t have mountains sure El Paso has some but there’s no snow covered mountains to melt and help its rivers and lakes
Your accent is so wonderfully aussie that i thought at the end of the video, "i didn't know they call each other "partner" down under.....just like in Tex....wait a minute." Then i got it. Slow day for me.
Watching this while working on some space x parts in a brand new laser in Texas
Texas new motto should be “Good for business, bad for people”
As a Texan this is true
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Texas new motto needs to be "Go back to Cali" before its too late
As a Texan, not true
business is good for people
Fun place to visit, but I love the mountains, the good old Rockies.
And rockets
Texas has mountains.
@@lisasdfwhightechworld9946you haven't seen the Rockies if you feel that way...
3:06 That parking lot is behind the Grassy Knoll, it is the parking of the book repository , and that clear spot behind the white car close to the wooden fence , was where Kennedy was shot.
Tbh texas is pretty important for American power in the coming years
2:58 annexed. The word is annexed. For historical accuracy
The difference between the sprawl of California and Texas is that Texas economic boom was sudden, not to say that Texas wasn't growing, the past couple of decades it was one of the nations fastest growing States, however, this sudden boom wont really last as long or as mature as California's economic boom since the States history. I think in the near future California will make a comeback, especially since its the nations most wealthiest, economic, and geopolitical State in the country despite many companies leaving to Texas. California is still a powerhouse State.
California doesn't have effective state governance that does anything to solve its problems. It's strength is all in a few cities that are now in decline, and when cities go into decline, you rarely see them making a major comeback.
CA is crippled by horrid governance and a populace that seems utterly asleep to the fraud that keeps it in power.
Anyway, CA became a powerhouse during the period when conservatives ran the state and founded many of the industries that still power the state. That opportunity is gone.
@@sdagoth3037Texas leadership is worse.
I agree. San Francisco was a big homeless problem till just recently. They cleaned up the city in a short time. It could happen to other cities in Cali if they really wanted too.
@bububoi458 Sure, California has some agriculture and a bunch of cities. I didn't say it had only a few cities, I said a few cities are the reason it is so wealthy, and that's true. Of course that's not all there is the Californian economy, but a handful of major cities are what makes its economy stand out.
From an American on the east coast we are also proud of Texas and CA economic advancement. They rep America well very!
You put it perfectly here at 3:15. Texas runs its own direction.
No taxes and an infrastructure that is already insufficient. What a winning combination.
I readed some tech companies which moved to Texas are now moving out. Mainly because of the political climate and lack of talent that is willing to move to Texas. Also, even though the tas seems low but Texas has other tax that add up, so in the end operating/working in Texas is not actually that cheap.
They also don't want to freeze when the next snow storm hits.
@@wnose The freeze that happens once every century?
@@badluck5647A storm like the one in 2021 happens roughly every 10 years. A number of unlucky factors (not to mention poor planning) lined up to cause the power outage.
@@landrypierce9942 You are lying.
This is the coldest weather in Texas in 72 years.
In thirty years in Houston, I have only experienced freezing temperatures for more than 48 hours once before. We had freezing temperatures for almost two weeks straight.
I guess Texas having the most fortune 500 companies here probably refutes that claim...
You ought to do a video about the two Georgia's! :) The state vs the nation with pro's and con's of each.
Unline California, in Texas they don't give fast food workers a $20 an hour raise while ambulance driver barely scrape by. Or ban plastic straws and ketchup packets.
The people that want handouts stay in the government run states. The people that are sick of paying for the handouts are coming to the red states.
I lived in Texas for years, and I believe this is one time where EE has it wrong.
The most important reason? Percapita GDP is at best 60% of California’s, and even behind New York…simply increasing overall GDP by adding people does not increase ‘wealth’.
In addition, while Texas usually lease the USA in job growth, it also (by a wide margin) leads the USA in minimum wage job growth. And while everyone believes in the idea that every job is a foot in the economic ladder, the poor school system etc., means most Texans don’t have a great opportunity to move u- that ladder.
And finally politics. Texas has a gerrymandered, unrepresentative government. One way or another, you cannot go past a point of development, or growth if the politics do not represent the people.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
You're not wrong about any of that, but there are a lot of factors that outweigh those negatives, and there is a still a lot of growth of high quality high income jobs in Texas in tech, business, finance, oil, manufacturing, semiconductors, etc.
how do you pay for public services at all if you have so little taxes?
is it all on your personal bill like medical care and university? what about a new highway lane?
(european asking)
@@Nagria2112people still pay taxes it's just less of one more of another. Rich people like it because once you have enough money who cares if you pay higher sales tax, or property tax. It's a much smaller amount vs an income tax. The tax system heavily favors the rich and ensures the poor stay poor as all of their good eat up more of a portion of their income than a income tax would
@@kyle6899 i guess USA has never had housing Problems yet so Sales taxes in rich people buying property to Rent it at high Prince to you is Not a Problem you can imagine. But there are a alot of situations where Sales Tax in rich people prevent Or Help redistribution of wealth (where USA is pretty Bad)
Ok i'm talking to a country who does Not understand the value of Tax funded systems Like education or health ~ i should have known that you dont See Prevention of Problems or society regulation in taxes.
I try the daily challenges great for keeping the game interesting especially with the bonus stakes 🏆
We have a history of not planning for the future, and our city planning shows that very well.
We have no state income tax, but you forgot to account for the 25% of our income that goes to Buc-ees every year. Important to consider if you’re thinking of moving to Texas!
I will go to Texas just for Buc-ees
@@mrb152 No need, Buc-ees exists as far East as Florida. But do go to Texas for Lockhart, though. Home of some best representatives of TX BBQ as well as the regional morgue. I'm sure that's a coincidence.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Property taxes are incredibly high so supplement the lack of income tax
@@bvanderford If you live in Texarkana, AR, you get no state income tax and the generally lower property taxes of Arkansas. It might be good for a trucker.
What makes it special? Low taxes, low regulations and lots of oil.
Lot's of states have low taxes and low regulation, its just the oil
@@reconsoldier135 Venezuela has the most oil in the world and they ain't doing anything. You need all the components.
Nice!
You can't sustain an influx of new citizens to a state without increasing taxes. It's literally impossible to fund just the agencies of that state. Costs to things like water, sewage, trash, etc. would automatically increase. The salaries of the workers in these agencies would also increase to attract new hires to accommodate the increased demand and services. Some of these vital agencies are also privatized in Texas which would be at higher costs to the citizens because of their profit driven bottom line. We saw this with the Texas deep freeze. They have no infrastructure to accommodate such a large population increase. People who hate taxes just because they don't want to be taxed at all are simply selfish and ignorant of how society functions. Just go live in the woods and devoid yourself from society if you want no taxes.
As a Texan, thank you! For everyone else, please stop moving here…or if you do, please understand our laid back culture…keep your drama at the border
How do you think an area grows? It by definition needs more people
So the teen pregnancies and r*pe-baby births aren't drama?
Having visited Texas a few times now, the only way you could get me to move to Texas is if you paid me enough to constantly be on vacation away from Texas.
buh bye
It’s unfortunate that more people don’t feel the way that you do because we are being inundated by people moving here from 💩 holes like New York, NJ, Chicago and California 😂😂😂
The migration numbers disagree with you
Ummm. With the increase in weather disasters, tornados and flooding , not sure this is going to pan out….
Texas housing market is pretty volatile to say the least 😂
As a homeowner in Texas, The property tax more than makes up for the no income tax. If you compare everything between say Texas and California, You end up with more money left over in California. That doesnt get talked about and the gaslighting around it is sad. Texas cares about business not about people, Dont come here as a person. Move as as a business. Also if your a women I wouldnt advise coming here at all.
How much are the property taxes
Do us all a favor and move to California.
My property taxes are cheap. You must live in one of the bigger Democrap run cities whose liberal policies have made property taxes exorbitantly high. Texas doesn’t have a set property tax rate so the liberal parts of the state get extorted 😂😂😂
@@paulrodriguez6054 No, Ive been here longer. How about I vote some sense into texas.
@@piglet7943 No, I live in a rural area of the state.
Outside of the cities, there isn't much to do. It's not exactly outdoor friendly in the summer.
You can go to church, and get involved with church-centric adtivities during the week, and gossip about those people who do not. In addtion, you can get involved with making sure your community does not have any "deviant" ideas floating around that might impact your children's young fertile minds.
It is to Texans
The Amtrak-Texas central project to bring high speed rail and the new initiatives to make the grid and infrastructure of Texas more resilient will fundamentally transform how the state operates and has a huge potential to unlock new levels of growth. High speed connections along the gulf coast and in ten Texas triangle will help avoid the wealth disparity that California faced during its boom and I hope Texas will be mindful of the same and focus on that.
Lol "partner". That was a good one
Really hoping for Michigan at some point.
I have lived in Texas. I think texas is good for business but i feel like the score you gave it was too good.
It's good for business. But wages are quite low and living expenses are high.
Some of my family who make less than $40K move to Oklahoma city, property prices are slightly cheaper and living expenses are way cheaper compared to Dallas.
Excellent video but just to let you know, almost nobody today says "Howdy partner" anymore. But was kind of funny.
The shot of the highway at 7:19 is actually New Orleans XD not really an issue, just pretty funny :P
The open countryside around Austin and San Antonio were beautiful when I was a kid. They were nice, livable, middle sized cities. Now they are overcrowded, overpriced, sprawling horrors. Central Texas was incredible back in the day. Too many people destroyed it.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
They are Democrat now which is why it is falling apart and full of crime
@freeheeler09 I talk about my hometown in California in the exact same way 😂 The area had a robust dairy industry back in the day and we had milk and eggs delivered to the house in the morning. As a kid, we'd visit the local farms to visit the animals. We would go to neighboring towns to pick fresh fruit. Those were the days. I understand your sentiments.
@@chiquita683 They said now they're sprawling horrors, not rural small towns.
As someone who as lived in Texas for a few years, I thing these sentiments are exaugurated and misguided. Yes people are moving to Austin, but it got over crowded and over priced almost immediately and the boom cooled off fast. Dallas/Fort worth wants to be like Austin but just isn't cool enough. There is tons of land in West Texas (with oil) no one cares about or talks about, even though that should be an important area with a strong industry. There are not really new businesses opening just big money being thrown around by big corporations. I liken the "Texas Rush" to the Atlanta boom of the 90's as in it was a big deal for a few years that didn't last or really accomplish much other than bolstering real-estate prices for a time.
Please don't use Austin or D/FW as emblematic of Texas, at least not for native Texans. Austin is a California-wannabe (and it shows) and Dallas likes to pretend it's too "sophisticated" for the rest of Texas. And yes, I have lived in both for extended periods.
@@stischer47Houston is a much more legitimate city than either of those in my experience. Austin pretends to be technical but it seems to be a bunch of have-beens and token offices from big companies that want to "have a Texas office". Houston on the other hand has a wide and deep technical sector, primarily motivated by the oil industry, but surprisingly diverse even so.
Though not a native Texan, I've lived in the DFW area for 35 years. I've never really gotten the sense that anyone in DFW who matters "wants to be like Austin." So, not sure that your "few years" of Texas experience have given you any meaningful insights.
@@RD-jc2eu DFW lacks nice parks and walkable trails, and frankly just trees and greenery, an issue shared with Houston. DFW also lacks lots of Third Places, spaces people could just meet in, unless it is a bar. Austin excels at both of these, as does, increasingly, San Antonio. Both DFW and Hou are also super flat for the most part, dull as dirt geologically. I like DFW, my brother lives in the metroplex, but I thank God whenever I am back in Austin.
@@yaynetwork1483 I don't deny anything you've said here (and neither did my earlier comments). I was just pointing out that DFW isn't looking to be "like Austin." There might be a small minority of people who would prefer it to be more like Austin, but the majority of the population (and pretty much all of the decision-makers) don't seem to care much about that.
One thing the video did not mention is that, when it comes to taxes, Texas has very high property, sales and gas taxes. So if you own a lot of property, drive a lot or buy many goods, you are going to get hit with high taxes.
Not only this. But texas contribute in all major wars past and future. It hosted some of the biggest computer brand names from the 70s to 90s.
Lone Star
The 8th largest economy that can't handle a small snow strom... Then the representatives run off to Cancún.
I see that as good airport infrastructure
And still that is somehow far better than the hundreds of thousands of homeless and criminals in California
@@samelmudir Nah, Cruz fucked off before the storm arrived.
@@Siegfried_drachentotertexas literally had a hgiher crime rate than California
🇺🇸🇺🇸Taxes = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya gotta choose between them, pick the Saudi desert. It has ZERO income tax & ZERO property tax🤏
What drives me nuts is that we have a tight labor market in the US but keep deporting labor. This tight labor market helps drive inflation and constrain our GDP. It’s a problem that could be helped if we stopped kicking ourselves in the shins
2:19 good luck convincing any Texan of that🤠
I realize topics such as climate change altering habitability zones, laissez-faire treatment of utilities and politicians hostile to a broad swathe of people would be a divisive set of issues to explore in video, but I do think that to go without even mentioning them is leaving out a healthy amount of meaningful data. Enough to go a significant way toward undermining your final conclusion.
A growing Texas is better than the alternative, but it has plenty of challenges along the way.
I mean you could make the reverse argument about California. High tax rates, unfavorable business climate, high crime, unclean, politicians hostile to a broad swathe of people, ect. Once you start discussing such matters from one perspective, the videos will become biased unless you also start doing so from the other, and then at some point this starts to look more like a political video than simple an economic one.
@@brendanconlon8292 The difference is, liberal policies have polled favorably (when the ideas themselves are separated from party identity) with the majority of Americans, while conservative policies tend to poll unfavorably (especially recent ones). So with California, you're better off making that argument more along income levels than political ideology. You'll be hard-pressed to find a majority of those wanting MORE pollution/exploitation.
@@Vaeldarg I am not doubting you can find surveys somewhere that suggest democrat polices poll better when removed from politics, but all of the data I have seen suggests exactly the opposite, that republican policies poll well when removed from politics and that republican policies poll considerably better than the party. My suspicion is that actually both claims are true because poll questions tend to rewritten in a way favorable to the policy; they imply the upside without the cost. If you ask people if they want more welfare most say yes. If you ask people if they want to pay less taxes, most say yes. There is an obvious contradiction here. Point is, your claim is actually also true for right wing policies, so there is not actually a difference here.
@@brendanconlon8292 Idk what data you have seen, so all I can assume is the actual solution to that contradiction is you're doing what surveys have also shown and not actually understanding just exactly how bad the Republican party has gotten. There's a lot that conservatives tell themselves that have proven untrue, like that "silent majority" nonsense used to fuel the coping mechanism that is "we can't possibly have lost, if they we lose (despite all the gerrymandering/voter suppression) then the election must have been stolen!".
We don’t want to be a “progressive” state. We reject that BS and value freedom, independence and the benefits of fossil fuels. That you to this video for not putting in leftist propaganda
Was the script written by ChatGPT again? It feels like I'm listening to highschool presentation where someone just printed a bunch of stuff from the internet and is reading from the paper.
Ya it's gonna be something way bigger and better.
You Really need two charts one for city /states and the other for country’s not fair comparisons !
As a Texan I can firmly say that the post-Covid boom has been a disaster for regular working Texans. Property taxes skyrocketed for people who already owned their homes, home and land ownership is literally unattainable for most people now, corporations have closed many small and family owned businesses, rent and costs of living and goods have skyrocketed, and wages are not growing nearly fast enough. I’m sure the Texas GOP will act shocked when it turns out that importing coastal refugees and corporations that hate our way of life will lead to them being voted out too. As usual there is no good political choice and both options hate us.
Those aren’t Texas problems. Those are the problems everyone is facing in every state at the moment. Home ownership is unattainable for most at this point. You can blame the reckless printing of trillions of dollars along w/ unchecked government spending. All elected officials and unelected bureaucrats are responsible for this situation.
@@Bob_Smith19 Facts 👏🏻👏🏻👏🏻
I loved the Texan "thanks for watching, partner," rather than the usual Australian "thanks for watching, mate." Nice little nod to Texas culture.
🇺🇸🇺🇸Texas = Saudi Arabia🇸🇦🇸🇦
Both r hot dusty deserts full with oil + religious fanatics + illegal immigrants & controlled by few corrupt wealthy families🤏 If ya have to pick between them, move to the Saudi desert. At least, it offers higher pay compared to cost of living + ZERO income tax + ZERO property tax😒
Love that at 6:30 the second state on the list is 'LOWA' 😂
You should take a look at Florida as well eventually