Western Europe, too, is still going strong as an innovation engine despite infamously high taxes. And why is that? Lo, a well-educated workforce, again. We can do low taxes (to the extent we can afford it). But we should spend adequately-to-well on education. In too many places, we don't. We think roads or tax breaks are more important. I'm very disappointed with Texas' approach to education recently.
Texas isn't even good at roads. TxDOT has a multi billion dollar deficit and doesn't even have enough to maintain current roads (much less build new ones). Go to a state that properly generates tax revenue and you'll see much better roads and no toll roads. And to think 40 years ago, Texas was actually a model for a strong road and highway network. The same was true in the 80s about Texas's education system. Texas was actually way above average when it came to rural education funding and outcomes. I'm willing to bet rural Republicans will eventually vote for vouchers even though vouchers are useless to rural communities and will only rob them of even more school funding because that's how absurd Texas lawmakers have become.
California, Boston, Seattle, NYC, and the research triangle in the Carolinas are the innovation hubs. Innovation requires education which requires funding.
Trump and Ryan say they are moving on to tax reform after the AHCA not passing. What proposal will they debate and how will things play out on this one?
A good starting point is to cut top tax rate to 10% like the bible says, then everything would be super duper in this country.
