Texas Instruments, with a market cap of 33.25 billion. They have 27,100 employees.
First lets take a look at this story from Steven Ahles perspective:
Which state do you think would be best suited to stand alone? Texas, right? Now I will begin to surgically remove all doubt on my position. What companies would have to move out of Texas immediately? Texas Instruments, with a market cap of 33.25 billion. They have 27,100 employees. Halliburton has a market cap of 29.20 billion and 50,000 jobs. Misc military contractors in Texas. With contracts that amounted to 352 billion over the last 10 years or 35.2 billion per yer. All military bases:(Or bases that hold no military but do have civilian federal workers)
- Sheppard AFB
- Fort Sam Houston
- I don’t know how many employees and how much money, but I assure you it’s a lot. Lackland is the largest military base in the world (Based on area). They would have to move also. You see Halliburton and Texas Instruments get most of their money from military contracts, which by law cannot go to a foreign country and be assembled by foreign workers.
The next item are Texas products which are exported. Since they would now be their own country, they would have to reach trade agreements with every country in the world. This would take 2 to 3 years at best. During that time, they could not import any of their products without putting their products at a disadvantage because of the high tariffs and you can bet the United States would lock Texas out in revenge no matter who is president.. This includes the remaining 49 states in the union.
Fortune 500 companies would begin migrating out of Texas. If they didn’t, they would be subject to the new Texas federal tax and an additional 35% in taxes to bring the money back to the United States.
Oil refining: Texas has a large oil refining industry, unfortunately they do not have nearly enough oil to keep them open. More lost jobs and revenue.
In order to secede, Texas would need to pay their share of the national debt, based on population. That would be 565 billion, due immediately. Not to mention refunds on grants not yet used.
And of course all residents of the state will lose their Medicaid, Medicare and Social Security, unless Texas can come up with a second trillion dollars to cover either 4 or 5 years of the programs.
Anyone with relatives in nearby New Mexico and Oklahoma and other states would need both passports and visas just to visit.
Now Texas will have to develop their own border patrol and military.
On top of that, the most qualified workers would follow their employers out of the state.
With all of this in mind, is it any wonder Gov Rick Perry quickly shot down the idea and which Gov Bobby Jindal of Louisianna called “downright silly”?
Would other states have an easier time? Like Ohio, Tenn, Pennsylvania? They are landlocked and would be cut off from the world until they reached a treaty with the US for flyover rights.
Now exactly what part of secession do you find desirable?
Texas and Texans have a lot to be proud of, but to think they could survive the first few years is iffy and to think you would thrive is nonsense. Please don’t message me with insults unless you have some plan to replace 40% of your yearly GDP.
The poll also shows that Republican presidential nominee Donald Trump leads in the Lone Star State with 44 percent of the vote to Democratic nominee Hillary Clinton’s 38 percent. The Public Policy Polling (PPP) poll said that six percent said they were voting for Libertarian Gary Johnson; two percent polled said they were voting for Green Party candidate Jill Stein; and less than half a percent polled were for Evan McMullin. Ten percent of those polled were undecided.
Overall, 54 percent of Texans said they disapprove of President Obama’s job performance.
The PPP poll released Tuesday reports that “A Democratic victory in Texas this year remains a stretch.” It adds though, “but within the numbers there are signs of Democrats being positioned to become seriously competitive there in the years ahead.” The polling company said it was looking at the present Republican 63-33 advantage among seniors. They conclude “Older voters are overwhelmingly responsible for the Republican advantage in Texas, and generational change is likely to help Democrats become more competitive.” Growth in racial diversity, including what the poll calls “the state’s booming Hispanic population,” would also be responsible for “that generational change,” they said.
The poll shows that Clinton is unpopular in Texas and has a 36/59 favorability rating. Trump maintains a 40 percent favorability rating.
Trump voters agree with precautionary warnings that the election is rigged. If Clinton wins, a whopping 71 percent said that it would be because the election was rigged while roughly 40% of Texans overall would feel the same. The poll specifically reported that 40 percent of Trump voters “think ACORN will steal the election for Hillary Clinton.”
As reported by Breitbart Texas previously in May, Houston-based True the Vote discovered hundreds of cases of duplicated voter registrations in the Cleveland, Ohio area with approximately 30 percent of those findings caused by falsified birth dates and social security numbers provided by ACORN (Association of Community Organizations for Reform Now).
After ACORN was formally shutdown, 18 employees were convicted or admitted guilt to committing election crimes, according to Fox News. As the Breitbart Texas article outlines, a large percentage of the work that ACORN engaged in has been officially questioned.