So when someone leaves an area of low tax/education to high tax/education, seeking economic gain, it's called brain drain. What is it called in this case when it's reversed?
Elon Musk moves to Texas
101–110 of 1001 posts
Re: Elon Musk moves to Texas
#102Isn'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.
if that was the case him and every other billionaire would’ve done it years ago
Re: Elon Musk moves to Texas
#103Historical tweet from a CA Assembly Member from Southern California: https://twitter.com/LorenaSGonzalez/status/12592878791775313...
They made that comment after Elon Musk blatantly flouted coronavirus regulations and reopened his factory in Fremont. Shortly afterward, there was a CoVID-19 outbreak at the factory.[1]
1. https://electrek.co/2020/07/14/tesla-spike-covid-19-cases-da...
Re: Elon Musk moves to Texas
#104Isn'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.
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Re: Elon Musk moves to Texas
#105Earlier quoted context omitted.
Put another way, it's taxing money (value) that you haven't actually made yet.
More-dangerously, it is taxing theoretical money that you haven't yet made. There is no guarantee that the current market-clearing price for a given object is equivalent to that at which a larger inventory can be sold. Taxing capital gains at the time of sale makes sense -- there is actual revenue available for taxation. Taxing unrealized gains can be a path to really-negative outcomes. This is particularly so if the…
There are some loopholes that should be closed however. You can go to a bank and borrow against your shares, using them as an asset without realizing capital gains. In my mind, if you use the shares (gains) as collateral for your benefit, you should have to recognize the capital gains as mark-to-market immediately payable.
Re: Elon Musk moves to Texas
#106Once Volkswagen gets its Modulare Elektroauto Baukasten rolling at full production speed it's game over for Tesla anyhow.
why would i buy a car from a company founded by nazis?
Re: Elon Musk moves to Texas
#107I was on the edge of the same decision. This move by the new district attorney in LA is so far beyond the pale that if it's not rescinded soon, I am gone too: "NEW: L.A. County DA George Gascon has issued a directive to prosecutors that the following misdemeanors will be declined for prosecution, with exemptions. -Trespassing -Disturbing the peace -Driving without license -Prostitution -Resisting arrest" This is an a…
So do people not need to renew their driver's license then? Or is there a fine? What if you don't pay the fine?
Re: Elon Musk moves to Texas
#108Earlier quoted context omitted.
California has a $54B deficit this year. 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.
Yes, most places in the country have a massive deficit this year because states are spending money to protect their citizens and stimulate the economy. So this year is an odd year for most states... don't try and single out California as this bad actor that can't manage its finances. That narrative is misleading.
> Yes, most places in the country have a massive deficit this year because states are spending money to protect their citizens and stimulate the economy.
This is Stockholm syndrome.
Are citizens being protected? Because last I checked, the "smart" people have largely outlawed working, destroyed any semblance of normal life, the average person is $5k behind on rent, and all the old people died.
The federal government has all but given up pretending money is a finite resource. Likewise states are much the same. There really is no such thing as fiscal discipline nowadays.
You can't stimulate an economy if no one is allowed to work besides the already well-off that can work from home.
It's just class war under the guise of public health.
Re: Elon Musk moves to Texas
#109Historical tweet from a CA Assembly Member from Southern California: https://twitter.com/LorenaSGonzalez/status/12592878791775313...
At least an emblematic Tweet, and arguably the straw that broke the camel's back:
https://twitter.com/elonmusk/status/1259638112688304129
Contrast that with leaders who are welcoming to tech and would be happy to be the next Silicon Valley:
Re: Elon Musk moves to Texas
#110Musk made it clear what he thought about worker’s rights when he forced the Tesla plant open during the pandemic: 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.
Covid is a classic trolly problem. Pull the lever and destroy the economy, put the government in debt, destroy businesses, send millions into poverty, hurt individuals futures, increase infant mortality, increase drug use/overdoses, hurt artists and destroy museums, increase suicides, and more. Don't pull the lever and kill a .01 percent of people above the age of 55 who won't stay quarantined. I think he thinks pull…
No, no it isn't. There are a lot more than 2 options to choose from.