I agree with Alan Gin
from this article:
The report -- "Competitive States 2010: Texas vs. California" --
measured five elements: taxes on labor, capital and consumption, overall tax environment, regulatory environment and government spending policies.
Texas policies were more business-friendly in all categories except taxes on consumption where the Texas sales tax balanced out California's personal income tax.
What the Texas report fails to consider is the intellectual leadership that has been developed in California -- and in San Diego -- over the years that provides leadership in the innovation economy.
"California leads the nation in receipts for federal research dollars, venture capital investment and number of innovation-based companies.
The reasons are many, including some of the best research and education institutes in the world. California also attracts some of the most creative minds from around the world including scientists, engineers and entrepreneurs, primarily due to the culture of innovation," said Duane Roth, CEO of CONNECT, the business development organization that got its start on the campus of the University of California San Diego.
"It's all about priorities," said Alan Gin, an economist and professor at the University of San Diego.
"In California, the environment has taken priority over oil development, whereas in Texas, it has not. I would guess that oil revenues probably help Texas a lot in terms of keeping other taxes low," said Gin.
Bottom line, it comes down to lifestyle choices. Simply put, says Gin, Californians are willing to accept an unemployment rate of 10.6 percent -- as is the case in San Diego County -- rather than live in Houston where the jobless rate is 7.6 percent