Posted By LambChop
Mexicans are coming to Texas (particularly Houston) in droves. Instead of swimming across the Rio Grande with backpacks full lof drugs, they are armed with empty shopping bags and credit cards. Why?
Sales tax on all Mexican goods has increased from 11% to 16%.
They're travelling to Texas to purchase trendy, cheaper products at Texas shopping malls – certainly not a new occurrence because Mexicans typically spend about $4.5 billion in retail sales alone in Texas. Economists predict the increase in Mexican sales tax will add another $225 million in Texas retail sales.
Items preferred by Mexicans? Computers, iPhones, toys, clothing and golf equipment.
Of course, this news is largely ignored by award-winning Keynesian economists and liberal policy-makers who have not figured out that people naturally adjust their behavior to avoid taxes and regulations. One of the principle reasons why socialism always fails.