61–70 of 1001 posts
California is actively looking for ways to extract more money from Elon. It likely posed an appreciable risk to his business ventures that CA at some point will try to tax unrecognized capital gains, which would require him to liquidate shares to pay the tax. Basically akin to a hostile government takeover. If CA were to aggressively pursue such a policy, they would likely go after anyone they perceived as fleeing ju…
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Or, framed differently, California is looking for deep pockets to bail out their failing budget rather than adjust their policy to match what they can afford. The same has been happening in New Jersey with its insane taxes that don't really go to pay for services anymore and have diverted from transportation & infrastructure projects for decades now to bail out their severely underfunded pension funds...where the pen…
Failing budget? I get that it's super popular right-wing talking point but it just hasn't been true for years. Prior to COVID (which has decimated state budgets Red and Blue) California had a huge surplus and massive rainy-day fund.
It's been all over the news, including very left-wing sources like NY Times and Politico.
The state _projected_ a surplus and was off by an entire order of magnitude into the red.
The state has been campaigning to Congress all year for about $14B in bailout money.
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Great contribution. By the way I’ll never understand people who are proud of their Hispanic heritage but then can’t be arsed to write their own names with the proper accents.
I'm not sure what accents on letters have to do with being proud of one's heritage.
I was rather startled when I saw the first e-mail from a new colleague, when either our e-mail system thought ASCII was good enough for everyone or, (more likely in this case) the accent got lost earlier due to migration and someone's indifference to ancestral heritage.
I would be intrigued to learn the actual story, but it's not the kind of question to ask casually of slight acquaintances, I think.
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I'm not sure what accents on letters have to do with being proud of one's heritage.
Because accents are part of your language and your language is an integral part of your heritage.
California is actively looking for ways to extract more money from Elon. It likely posed an appreciable risk to his business ventures that CA at some point will try to tax unrecognized capital gains, which would require him to liquidate shares to pay the tax. Basically akin to a hostile government takeover. If CA were to aggressively pursue such a policy, they would likely go after anyone they perceived as fleeing ju…
It likely posed an appreciable risk to his business ventures that CA at some point will try to tax unrecognized capital gains, People like Musk leverage their paper wealth into real (risky) loans and the like to support their business ventures (and personal lives)--part of the "socialize risk, privatize profits" model of pseudo-capitalism they practice. A thoughtless approach to taxing unrecognized gains is not a goo…
I would argue that the opposite is true. California wants a larger cut of profits from business activity within their borders without any risk on their part, or even having to provide better services than competing states.
https://www.bbc.com/news/technology-52627744
The modern day robber barons will never care about the working class. It is up to us to look out for ourselves.
This article conveniently leaves the fact that he'll pay millions more in taxes in California due to TX not having any income tax until the very end. Also, his two biggest current projects (Giga Texas and Starship) are currently in Texas. This makes a lot of sense from a business standpoint and will just continue the flight from California. I suspect that once they have the Giga Texas built and delivering vehicles th…
The article does mention that there's no personal income taxes in TX.
Isn't the actual listed location of residence more a formality for a billionaire like Musk? I presume he'll still rent residences in LA and the Bay Area considering he'll be back and forth for business related to Tesla and SpaceX. This seems like he's renting a place in Texas and making a big deal out of 'moving there' to make a point about California's regulatory environment.
https://www.ftb.ca.gov/file/personal/residency-status/part-y...
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Because accents are part of your language and your language is an integral part of your heritage.
You don't really get to tell other people what the right way celebrate their heritage is...