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The John Batchelor Show

TEXAS: GROWTH AND A TEXAS STOCK EXCHANGE (TXSE). MIKE TOTH, CIVITAS INSTITUTE CONTINUED

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 12 July 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

TEXAS: GROWTH AND A TEXAS STOCK EXCHANGE (TXSE). MIKE TOTH, CIVITAS INSTITUTE CONTINUED

Transcript

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0:00.0

The weather. Tomorrow, expect a biting cold front. Hmm, how naughty. I wonder what I'll be

0:06.9

wearing or taking off. The night will be wild and untamed. Expect heavy, lashing rain that'll soak you

0:13.8

to the skin. By Monday, temperatures will rise slowly but surely reaching their peak in the afternoon.

0:21.2

Not in the mood for miserable weather?

0:23.5

Fly cheaply to Turkey with Sun Express.

0:26.3

Sun Express, non-stop sunshine.

0:34.3

I'm John Bachelor's Michael Toth, research fellow with the Civitas Institute, and a long-time

0:40.1

experienced counsel looking at the question of living in Texas and prospering in Texas.

0:47.4

And Michael speaks very well of Texas as the future, quite different from New York. My 50 years in

0:53.6

New York tell me that that's not the

0:55.4

future. However, what do you do if you hear that this is attractive? If zero interest, zero

1:02.3

taxes on your state income tax is attractive to you or transportation or if a country, a state

1:09.7

wants to help you as opposed to burden you.

1:13.1

Is there a program to follow?

1:15.9

I know we could tell people to look up a website, but what are your recommendations, Michael?

1:20.3

You're a small startup in Manhattan or you're a small startup in Sacramento.

1:24.6

What do you do to get to Texas with your business?

1:28.7

Yeah, I think there's a number of things that you can do, John, real practically. I mean think there's a number of things that you can do, John, real practically.

1:31.5

I mean, the first thing is, you know, what's attracted companies to Texas for the last several

1:36.5

decades is low cost of living for your employees. Okay. So again, if you're thinking about a

1:42.1

company which has got, you know, tens of thousands of employees, even thousands of employees or hundreds of employees, you know, it is a better set up for your employees in terms of affordability, in terms of the ability to prosper and stay with the company over the long haul, right?

1:58.6

And so that's why, you know, you see J.P. Morgan's got now more employees in Texas. They're not a Texas company officially yet, but they've

...

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