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]:

Just in: @Glenn_Hegar announces state sales tax revenue totaled $2.58B in April — 9.3% less than April 2019.

Hegar's office says it's the steepest decline since January 2010. #txlege pic.twitter.com/EvrzffXKp3

— Cassi Pollock (@cassi_pollock) May 1, 2020

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....