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Elon Musk moves to Texas

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Re: Elon Musk moves to Texas

#151

Post by tw04 »

smabie wrote: post #83
tw04 wrote: post #39

Shocking to see someone anti-union trying to flee a state that actually protects workers rights: https://www.vox.com/identities/2019/9/30/20891314/elon-musk-... While I admire Elon's vision, I'm not a huge fan of how he's going about it. Kind of seems like he views other human beings as tools to be used and discarded when they've outlived their usefulness. You can see it when he makes comments about things like the U…

No, I really do think people in the US are massively entitled. I've lived in 3rd world countries and the standard of living even for a minimum wage worker is so beyond that of a poor person in a third world country (like Tanzania or Kenya, for example). People in the US are lucky , and yet, all everyone does is complain and bitch all the time. I think most Americans lack perspective and are ungrateful for what they h…

So your solution is we should move the US BACKWARDS instead of finding ways to bring EVERYONE forward? People in the US bitch for good reason - the income gap has increased exponentially. Wages have stagnated. Just because people in the US have it "better than the third world" doesn't mean the wealth collection at the very top is in any way justified or sustainable.

Re: Elon Musk moves to Texas

#153

Post by enjoyyourlife »

11thEarlOfMar wrote: post #96

I 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 This move by the new district attorney in LA is so far beyond the pale that if it's not rescinded soon, I am gone too: "NEW: L.A. County DA George Gascon has issued a directive to prosecutors that the following misdemeanors will be declined for prosecution,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…

The key word there is "misdemeanors," if the crime is more serious it would be prosecuted

Re: Elon Musk moves to Texas

#154

Post by baron_harkonnen »

busterarm wrote: post #62
apcragg wrote: post #50

Earlier quoted context omitted.

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.

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.

> very left-wing sources like NY Times and Politico.

Not disagreeing with your overall claim that CA does in fact have budget problems, but citing the NYT and Politico as "very left-wing" is a pretty hilarious example of just how far right "center" American thinking has gone.

NYT is a classic example of a centrist/liberal publication that is widely reviled by anyone on the left.

edit: If you think "liberals" are the same as the "left" you are about as confused as someone who thinks that JavaScript is the same as Java.

Re: Elon Musk moves to Texas

#155

Post by da_big_ghey »

pokstad wrote: post #78
dglass wrote: post #61

Earlier quoted context omitted.

Where is the source that CA is likely to tax unrealized gains?

I don’t know about this, but California law makers were discussing an asset tax at one point. The discussed law would have worked across state lines for up to 10 years to catch rich people who leave state lines. Just the discussion of such a law probably spooked the ultra rich. More details: https://weaver.com/blog/california-proposed-wealth-tax-impac...

It's questionable whether such a law is actually enforceable, and I'd hope it wouldn't hold up in court. That said, I can't blame Musk et al. for being worried by it.

Re: Elon Musk moves to Texas

#156

Post by misiti3780 »

atomi wrote: post #136
zaroth wrote: post #6

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…

> CA at some point will try to tax unrecognized capital gains Where is the evidence for this? Effectively, Elon has avoided future California capital gains taxes by moving. Those are the facts of his move. Personally, I would rather pay a few points extra on capital gains and income taxes to avoid Texas. Just look at what the Texas AG is doing right now: https://www.dallasnews.com/news/politics/2020/12/08/texas-ag...

Here is the thing though - it's not just a "few extra points".

By my calculation its 13.3% more living in California in state income tax savings alone. That is a huge amount of money for Elon, but is also a huge amount of money for people working on a SV salary. It could be more than a mortgage payment. There are probably additional savings with less regulation etc

California is not a state anyone should want to do business in in 2020.

Re: Elon Musk moves to Texas

#158

Post by S_A_P »

Pretty interesting to see this move makes people so salty. There does seem to be a trend of people fleeing California, I dont know enough about the situation out there to comment on whether or not its valid. I suspect something must be going on for several high profile folks moving out. And before you bash Texas, its not perfect. But its pretty diverse, and it seems that folks with opposing viewpoints can still coexist here. I like that...

Re: Elon Musk moves to Texas

#159

Post by cromwellian »

In the interview, the main reason he gave is the commute: He's spending all his time recently getting Gigatexas and Boca Chica up and running. He's not gonna live in California if for the next year or so he's gonna be spending a majority of his time at installations in Texas.

I mean, Musk is opening up a Gigafactory in Germany near Berlin, a place that culturally and regulatory, out-California's California in terms of politics.

People really really want to turn this into an anti-California story and sell conservative politics. I'm sure Musk will enjoy lower taxes, but if you listen to the same interview, he rakes MBAs and bean counters over the coals.

I don't think Musk cares about profits or money as much are libertarians fetishize, he cares about what he can accomplish. He's more concerned with his goals and how much stands in his way, not whether or not he can get a tax cut.

If anything, environmental and labor regulations that slow down his rate of building are more important to him.

How can people listen to the audio of this WSJ interview, where he claims corporate boards, and power points, and financial meetings, are all bullshit and a waste of time. This is a guy who doesn't want to take investor Q&A during earnings calls. He routine tells people not to buy Tesla stock! He tells people people to sell Tesla stock if they don't like his answers to Q&A. He literally gives two fucks about the kind of stuff hyper-libertarians on Seeking Alpha care about. He's also tired of the games, the constant bullshitting and trying to short the stock.

He doesn't care about the money as much as he cares about making cool shit and getting yo' ass to Mars.

Re: Elon Musk moves to Texas

#160

Post by misiti3780 »

goshx wrote: post #28
toomuchtodo wrote: post #15

Earlier quoted context omitted.

This. All of our Teslas were bought online, and we showed up at the gallery or service center only to take delivery ("here's your [fob|rfid key] and we'll auth the vehicle in your Tesla account"). Carvana has a similar model for used vehicles, and they are very successful with the demo they cater to (buy online or in app, with a test drive period after purchase if you want to return the vehicle). People hate the trad…

I wish all brands had this. I despise the dealer sales experience.

give it time .... all dealerships as we know them will be dead in a few years.
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