YEAH BUDDY!
Elon Musk moves to Texas
691–700 of 1001 posts
Re: Elon Musk moves to Texas
#692Earlier quoted context omitted.
> while old residents pay nothing This is patently false. Property taxes can and do raise 2%/year. California does need to build new housing.
You are quite simply wrong. Here is a map showing how next door neighbors frequently have a 10x difference in property taxes paid on equivalent dwellings: https://www.kron4.com/news/bay-area/map-bay-area-property-ta...
Holy shit! Just an example I found, 230 Atherton Ave, Atherton, CA 94027 vs 234 Atherton Ave, Atherton, CA 94027, both absolute mansions with pools looking at them on google maps and the former even has a tennis court. Property taxes paid: 8,000 for the former and 200,000 for the latter. Absolute insanity!
Re: Elon Musk moves to Texas
#693Earlier quoted context omitted.
You are quite simply wrong. Here is a map showing how next door neighbors frequently have a 10x difference in property taxes paid on equivalent dwellings: https://www.kron4.com/news/bay-area/map-bay-area-property-ta...
You're both right. Property taxes can increase by up to 2% per year, and new owners frequently pay far more than old owners because property has appreciated significantly in coastal metros with limited space for new construction. This had been especially obvious because historically low interest rates have enabled a lot of asset appreciation, with real estate being one example. High real estate prices lead to high pr…
They do pay. Major developments get slapped with a mello-roos tax which leads to even larger disparity in taxes paid between long term resident and new residents. It’s huge, you could be paying $20k in taxes while the person down the street is paying $5k.
Re: Elon Musk moves to Texas
#694Earlier quoted context omitted.
Meanwhile, I'm holding my breath that enough richer-than-most folks will move to make house prices go down a bit instead of up 10% since last year like https://ktla.com/news/local-news/socal-homes-prices-again-se... Seems like they're still moving in instead of moving out, for now, though.
Wondering if Prop 13 is the cause of Cal-flight. Is it driving home prices up? Or is it robbing the state coffers of a tax revenue that has to be made up elsewhere? I don't know.
Prop 13 doesn't allow taxes to grow at a rate commensurate with infrastructure, which is why so many counties in California are teaching out of "temporary classrooms" installed in the 70's and 80's, except for the wealthy counties. For example: Folsom has a multi-million dollar highschool, but south sac has Luther Burbank, with aforementioned trailers.
Another problem is that many California counties subsidized suburban sprawl by not charging for utility hookups (like sewers). This put them in debt which caused them to encourage sprawl to balance the books, and some day someone will get left holding the bag, as is happening now.
California catered to the wealthy for decades and now they are having to pay the piper, so to speak.
This is what happens when you bend over backward for the super rich. I say good riddance, maybe California's taxation policies will recover to something more equitable without the 0.1%ers fucking it all up.... Like lowering income tax and repealing prop 13.
Re: Elon Musk moves to Texas
#695Earlier quoted context omitted.
> CA provides sanctuary status for illegal immigrants, along with driver licenses, free healthcare and other benefits paid for by tax-paying citizens. I see these easily debunked anti-immigration talking points regularly elsewhere on the web in right-wing circles, but I'm surprised to see it on HN. I encourage anyone interested in the reality of immigration(including the common myths like the above) to either read Op…
You didn't debunk anything but only posted some open-border ideology. Feel free to actually respond to the specific policies that are affecting the state of California instead. Here's just 1 example to get you started: Illegal immigrants have free healthcare until the age of 26 in California, however tax-paying law-abiding citizens are fined if they don't have health insurance.
Citizens get the same free healthcare as undocumented immigrants.
Re: Elon Musk moves to Texas
#696Earlier 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…
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.
Texas gets a lot of income from the energy industry (oil and gas). Texas recently changed the law to require a state-wide vote to allow income tax (previously, the state legislature could hypothetically introduce it).
Re: Elon Musk moves to Texas
#697Cool - benefit from all CA / Silicon Valley has to offer to establish yourself beyond anyone's wildest dreams then leave. Are there problems with CA? Of course! They're obvious and don't have any easy solutions. But he's actually in a position, if nothing else than his tax contribution, to make a difference.
With regards to regulation, yea, when you have to comply with regulations that seem onerous, I get it, but it's not like his companies are without influence. He could advocate for smaller companies if it was actually important to him.
But I guess he got his, so... bye business Kanye..
Re: Elon Musk moves to Texas
#698Pretty 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…
bbbbut theres more Unicorn Startups!!
Re: Elon Musk moves to Texas
#699Earlier quoted context omitted.
> CA provides sanctuary status for illegal immigrants, along with driver licenses, free healthcare and other benefits paid for by tax-paying citizens. I see these easily debunked anti-immigration talking points regularly elsewhere on the web in right-wing circles, but I'm surprised to see it on HN. I encourage anyone interested in the reality of immigration(including the common myths like the above) to either read Op…
You didn't debunk anything but only posted some open-border ideology. Feel free to actually respond to the specific policies that are affecting the state of California instead. Here's just 1 example to get you started: Illegal immigrants have free healthcare until the age of 26 in California, however tax-paying law-abiding citizens are fined if they don't have health insurance.
If you are just as poor as an illegal immigrant, you too can have free health care in california.