Friday, May 1, 2020

Texas Sales Tax Revenue Down ALMOST 10%

"Son of man, when a land sins against Me by persistent unfaithfulness, I will stretch out My hand against it; I will cut off its supply of bread, send famine on it, and cut off man and beast from it."
Ezekiel 14:13

HOLY SHI[well, you know]:

Wow, that's bad.

Obviously, this website doesn't really care about government revenue. We generally support government having less money. Wasteful spending and all that.

Unfortunately, sales tax revenue is a pretty good proxy for total economic activity.  A 9.3% drop is bad.  Really bad.

There's no easy way out of this.  At a minimum, we need to return decision making to businesses, families, and individuals.  Blunt government force will only make a bad situation worse.  Also, having lobbyists pick winners and losers probably isn't a good way to manage this alleged "re-opening" process.

Bottom Line: Buckle up....

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