Imagine a Texas where every hard-earned dollar stayed right here in the Lone Star State, fueling our local economy and securing our financial future. That’s the vision TEXIT offers—an independence that promises to transform what’s in a Texan’s wallet. While some might raise eyebrows at the idea of Texas secession, closer inspection reveals a path paved with economic potential and prosperity. Today, we’ll explore the financial case for TEXIT and how it might impact the wallets of everyday Texans.
Texas Secession: Understanding the Financial Implications
To grasp the financial impact of TEXIT, let’s first understand the key underlying concerns. Texans contribute $336 billion annually in federal and state taxes. Under independence, this sum could be redirected for Texas’s own infrastructure, education, and healthcare without an increased burden on Texians—leading to a prosperous self-sustaining economy.
Currently, Texas is tied to federal financial obligations that don’t necessarily always serve its best interests. If we were to analyze the national debt, we’d find that despite Texas’s significant economic contribution, we’ve been disproportionately financing federal policies. Imagine, instead, a scenario where these funds are retained for our own development and defense.
Federal Funding and Tax Redistribution
It’s no secret that Texas pays more into the federal system than it gets back in federal funding—a staggering $120 billion more, to be precise. This sum is sent off to finance federal policies which don’t always reflect the needs or values of Texans. But TEXIT would change that, allowing us to retain this money and direct it toward initiatives that directly benefit our citizens.
Moreover, a recalibration of our tax structure could mean eliminating burdensome property taxes entirely. By maintaining a reasonable sales tax, Texas could actually generate more revenue than it currently sees from both state and federal taxes combined. Wouldn’t it be grand to own our homes free from endless taxes?
The Power of the Lone Star Economy
Texas is not just any state. If it were a country, it would rank as the 8th largest economy globally. What does that mean for independence? It positions Texas to become a powerful economic entity capable of fostering massive economic growth. Liberation from federal economic policies would afford us the autonomy to craft trade agreements that serve our interests, unshackled from federal constraints.
Increased Take-Home Pay
One of the most compelling aspects of TEXIT is the potential increase in take-home pay for hardworking Texans. Freed from federal regulations that impede economic progress, it’s estimated that the average Texan’s net income could swell by as much as 400%. This kind of increase isn’t just numbers on a paycheck—it’s the seed for new businesses, innovation, and reduced unemployment statewide.
Trade Autonomy and Global Presence
An independent Texas could forge its own path in global trade, negotiating deals that provide more favorable terms than currently possible. With its strategic resources and geographical advantages, such as bustling ports and vital resources like oil, Texas would hold strong cards in international financial markets.
A New Currency
The autonomy that TEXIT promises extends beyond governance to currency as well. Considering a future where Texas establishes its own currency opens the door to economic innovation. Whether through traditional currency options or digital alternatives like Bitcoin or a unique TexanCoin, Texans could experience newfound financial freedom and security.
Adopting a locally governed currency would align with Texas’s economic principles—self-reliance and innovation—while helping stabilize our economy post-secession. Such a move would remedy fluctuations caused by federal monetary policies that often leave Texians shouldering unnecessary risks.
Resource Control as Economic Leverage
Let’s talk resources. Texas is brimming with them. From oil fields to agricultural prowess, control over these resources ensures that benefits remain within our borders, supporting our economy directly rather than being caught up in federal mismanagement.
This kind of control could transform energy policies and enhance our economic independence. With TEXIT, Texans wouldn’t merely be one group in a large federal pie but rather the principal benefactors of our vast resources.
What TEXIT Means for Your Wallet
- Retained Revenue: Keeping $120 billion more annually means heightened investment in local services and infrastructure.
- Increased Income: Potential take-home pay increase by 400%, reduced unemployment, and a boom in local business.
- New Financial Opportunities: A Texan currency means we control our financial infrastructure—not Washington.
- Trade and Innovation: Directly negotiate trade deals suited to our strengths and needs.
- Resource Utilization: Vital resources benefit Texas first and foremost.
Moving Forward with Economic Independence
It’s clear that TEXIT offers profound financial benefits to Texians by catalyzing economic autonomy and independence. As the Transition Movement works tirelessly to achieve legislative, political, and economic independence, it’s crucial for each of us to envision how these changes could reshape our financial landscape.
The call to action here is simple: Texans need to deliberate and advocate for what’s best for Texas. Unleashing the full economic potential of our state means making decisions today that will empower us tomorrow. Let’s steer our great Republic toward prosperity—starting with independence.