Serious question how much does this guy spend on PR
Elon Musk moves to Texas
511–520 of 1001 posts
Re: Elon Musk moves to Texas
#512California 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…
Many, many billionaires live, have lived, and thrive in CA - probably more than any place in the world. In fact, I'd guess that more billionaires have made their fortunes in CA than any other place. The grievance rhetoric has gone too far (and had awhile ago) when it's used by billionaires. There is also strong reactionary political rhetoric here, the premise that taxes on wealthy people are nearly criminal theft, an…
Just "wealthy" people? The taxes I paid when I made mid 6 figures were criminally high and they have only gotten slightly better with my shift to long term capital gains.
Re: Elon Musk moves to Texas
#513Earlier quoted context omitted.
Genuine question: how do states like Texas, Florida, etc. get by without taxing income? Do they not need that money for their operations? What is the difference between their government and California's? I figure Florida makes it up with their tourism industry but Texas decidedly does not have that.
> how do states like Texas, Florida, etc. get by without taxing income? Do they not need that money for their operations? Sales tax and property tax. > What is the difference between their government and California's? Houstonian* here — Texas doesn't provide nearly the level of social services. * I saw a post recently where someone said "I'm from Houston, not from Texas."
Houston, unlike the rest of Texas, has a strong Louisiana influence stretching back generations because of the shared oil and gas economy, and was enhanced by immigration and outflow from New Orleans by Katrina in 2005.
Re: Elon Musk moves to Texas
#514Earlier quoted context omitted.
My birth certificate says "Texas" across the top and people have been "fleeing California" to Texas for as long as I've been alive. There's nothing special about Musk; he just happens to be high-profile about it and managed to extract more from California before decamping to a "cheap" state than several of those who came before him. I disagree with your assessment that Texas has wide acceptance for opposing viewpoint…
> There's nothing special about Musk; he just happens to be high-profile about it and managed to extract more from California before decamping to a "cheap" state than several of those who came before him. What did he extract from California? Was he on welfare?
Yes, corporate welfare [1].
[1] https://www.latimes.com/business/la-fi-hy-musk-subsidies-201...
Re: Elon Musk moves to Texas
#515Earlier quoted context omitted.
California still has every viewpoint that is imaginable though there does seem to be less space for far right. What's making everyone salty about Elon leaving is there was considerable amount of people who helped him build up in the state (i.e. state benefits, staff who worked incredibly hard for many years, consumers who bought his cars [drive in the bay area]) and he's peacing out, with a slap in the face to everyo…
How do you describe "far-right"? Edit: the reason I ask the question is that I've noticed a trend among people from very left-leaning areas to define anyone slightly right of center as being "far-right". I've been called "far-right" because of beliefs that were typical of moderate Democrats in the 1990s. What label that leaves for people like actual Nazis, fascists, neo-Confederates, etc, I'm not sure. Far-far-far ri…
We have a new lines drawn on acceptance for behavior towards sexuality, religion, women's rights and race since the 90's. The line has moved. The 90's was 30 years ago.
I don't know your exact situation at all and criticism of you may indeed have been unfair. But for fucks sake don't try to make a case that you're not far-right by looking to the behavior of people in the past. That indicates strongly you may indeed have backwards views that are 30's years out of date.
Re: Elon Musk moves to Texas
#516Earlier quoted context omitted.
Please consider the policies that made your location expensive and of poor quality for families when voting in your new home.
I know everyone likes to scape goat some policies for that, but as Occam razors would have it, I think it's just the population growth that was the main cause of price increase, and a population decrease would probably result in a price decrease.
> I think it's just the population growth that was the main cause of price increase
Population growth without commensurate growth in housing. You can add people, but you gotta let them build houses. If you don't, then prices rise, for reasons that are very easy to understand if you're not financially (or otherwise) motivated to find them confusing.
Re: Elon Musk moves to Texas
#517Earlier quoted context omitted.
But that's rather my point: if you're living just in the larger metro areas, you're choosing to insulate yourself from the rampant discrimination and bigotry that, numerically, forms the bulk of the electorate and shape the cultural mindset. To be clear, that's not a bad thing that people make that choice; I would, were in that position. If Texas voters will finally vote in someone who is more like Ann Richards than…
Is that really any different from any other state, including California? Rural vs urban culture are completely different in every state in America. As Californians we still insulate ourselves from rural culture. The only difference in California those counties don't form the bulk of the electorate while in Texas they do. We still have the same problem: a cultural divide between rural and urban.
I live in TX. I am very, very careful when I'm out in the sticks since the shitkickers are dangerous. I also lived in CA and even in the sticks out in central CA there's just nothing like the scale of xenophobic belligerence in rural TX (or the rest of the Bible Belt).
Re: Elon Musk moves to Texas
#518Earlier quoted context omitted.
Yeah that's good advice if you're in a dangerous part of town, but it does on occasion also happen in what are considered the safer suburbs. Crime is South Africa's biggest pusher-outer-of-citizens. But those that have been to Cape Town and its surrounds understand why so many still choose to live there. It's a tough compromise!
Crime was always going to be significant in South Africa when you have such a large gap between the rich and the poor. You have massive slums of people with no hope or future less than a 100 miles/kms away from the billion dollar French Riviera esque lifestyles of Camps Bay. And with so many refugees coming in from the rest of Africa it almost seems like an unsolvable problem.
For sure.
I guess it comes down to your risk appetite.
In South Africa you the most gorgeous landscapes that are freely accessible public landscapes on everyone's doorstep - irrespective of their financial position in the steadily recovering historically unequal society.
Yeah, there will continue to be crime until balance is had, but there are plenty SaaS opportunities, and the forested cliff-side hiking trails ending in tranquil beaches are an awesome way to experience nature.
Refugees are welcome in South Africa. The media has its paws in everything.
Re: Elon Musk moves to Texas
#519Earlier quoted context omitted.
Maybe it is dumb to subsidize entrepreneurs without guarantee they will be paying taxes after.
Yeah, a bit of a free rider problem where California has now paid to bootstrap the US electric car industry, to the whole country's benefit, and won't get quite the tax payment rewards for their investment that they are due. Just lots of smug scorn from Elon and the commenters here.
They'll still get sales taxes, corp taxes, and income taxes from people working at those companies... it's not a "free rider" problem - CA made an investment and it's paying off...
Re: Elon Musk moves to Texas
#520Pretty 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 coexi…
The state has gone downhill on every metric possible. People can't name even 5 things that have improved over the past decade. Taxes, infrastructure, homeless, rent/housing, cost of living, gas, traffic, smog and pollution, crime, illegal immigration, gangs, fires, droughts, private property issues, local govt gridlock and deficiency, and now the weather isn't great either. Unfortunately many of those leaving don't r…
> The state has gone downhill on every metric possible.
Mostly because it got more crowded. As a CA resident, if you don't like CA, please DO move out. It will help traffic, for one.
If ALL you care about is a big house and taxes, then CA is probably not for you. As soon as you walk outside your TX McMansion, you may realize why CA is so crowded.