If Texas were a sovereign country, it would be the world’s twelfth largest economy, based on its gross domestic product (GDP). Leading Dallas investor and real estate developer Marcus Hiles chalks up that the Lone Star state’s admirable credentials are due to its effective laws and policy practices directed at continually reducing government regulation and lessening spending. Hiles recommends other states to follow Texas’ lead, as over the past decade, he explains, the government has created a favorable environment for businesses and individuals to thrive in Texas. “We have no corporate tax and we are one in only seven states to impose no personal income tax,” he proudly says. Moreover, Hiles emphasizes that the Texas Legislature curbs spending growth over the course of each session.