Ahead of many developed countries of the world due to its gross domestic product of USD 1,414 trillion, Texas would be the world’s twelfth largest economy, by GDP, if it were a sovereign nation. Marcus Hiles , Dallas-based entrepreneur and property investor ascribes the Lone Star state’s success to its consistency in launching policies that work for the benefit of private sector and individuals residing in Texas through minimizing government intervention into economy and reducing spending. While he appreciates Texas’s smart way of strengthening its economy, Hiles stresses that other states should follow Texas’s lead. The government, Hiles emphasizes, was able to stimulate a welcoming environment for both businesses and residents to work and prosper in Texas. “We do not impose any corporate tax that has a limiting effect on profit-gaining potential of large business entities,” says Hiles, “and we do not tax personal wages”. It is noteworthy that the Texas Legislature continually supports laws and regulations aimed to reduce spending growth.