American C.E.O: Texas Beats California

The American C.E.O is a (pretty cool looking) blog I hadn't heard of until today.  It's mostly advice for aspiring entrepreneurs and C.E.O's.  Today, he has a post on the economic contrast between Texas and California; money quote:

So why Texas and specifically why Austin? I have traveled fairly extensively across the U.S. and have spent time in all the major technology hubs. At one time or another I have considered living in many of them. I have been fortunate enough in my career that financially my family and I could “afford” to live wherever we like. For me it comes down to three major reasons: cost, attitude and time.
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A big factor is that the regulatory environment in Texas is stable and predictable. Industry isn’t punished for succeeding, but rewarded with a fair and just tax structure.California’s insistence on raising taxes on its most successful citizens recently will only drive more intellectual capital and dollars out of the state.
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That’s why I am in Austin and in Texas.California missed out on the successful businesses I have built. By the way, my wife – Dr. Cathy Fulton – ended up creating the products that led to the success of our Austin-based company NetQoS, which employed more than 250 people and was acquired by CA Technologies in 2009 for nine figures.

Read the whole thing here.