Texas leads list for Fortune 500 headquarters

The Houston Chronicle reports:

Texas is king of the hill when it comes to corporate headquarters.

The Lone Star State passed New York as home to the most big companies in the latest list compiled by Fortune magazine.

Texas now boasts 58 headquarters, three more than New York, the previous No. 1, and California, with 52. The Houston area has 26 of the companies.

Business experts say it's a matter of simple economics — Texas attracts companies with its low taxes, affordable land and large labor force.

"Cost is overwhelmingly the No. 1 driver," said Albert W. Niemi Jr., dean of the business school at Southern Methodist University, who wrote his doctoral thesis about companies leaving the Northeast for the Sun Belt 30 years ago.

This is a huge trend and it proves economics does drive decisions.Those statist academics and corrupt politicians never seem to understand: it's hard to compete when Texas can do things cheaper.All this without a state income tax.