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Elon Musk moves to Texas

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Re: Elon Musk moves to Texas

#761

Post by parineum »

blntechie wrote: post #714
fortran77 wrote: post #577

Earlier 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.

It’s simply amazing how allowing to build 50 high rise condos would bring the entire bubble down but the CA (or most American) cities or the state won’t. It will obviously fail on the ballot due to NIMBYism but I’m not sure why would that even need to be on ballot.

> It will obviously fail on the ballot due to NIMBYism but I’m not sure why would that even need to be on ballot.

Translation: The people who live there won't vote for a thing they don't want.

Re: Elon Musk moves to Texas

#762

Post by akira2501 »

wolverine876 wrote: post #234
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…

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…

> Many, many billionaires live, have lived, and thrive in CA

That's probably owing to the fact that California's economy is just that large. We're the 5th largest economy in the world.. there's bound to be a higher number of billionaires here.

> The grievance rhetoric has gone too far

I live here, and I disagree. The civil situation in California has done nothing but slowly get worse for the past 3 years, and it has obviously started accelerating in the last 9 months.

> the premise that taxes on wealthy people are nearly criminal theft

That may be the argument.. it may be that for our high taxes in CA, we've been seeing less of it's impact in this state recently. I also have even been wondering if it's still "worth it" to live in CA over the past few months.

> AFAIK, taxes on wealthy people are at historic lows.

Federal personal and business income taxes are. State taxes are not. California in particular is not. Sales taxes are the highest in the nation, and personal income taxes are as well. The state spent the last 8 years going from running a few million in deficit to having several billion in surplus.

Unfortunately, due to corona, that surplus is entirely wiped out and now we're facing several billion in deficit again.

There's not a lot of optimism in CA right now.

Re: Elon Musk moves to Texas

#763

Post by windexh8er »

woah wrote: post #711
lwansbrough wrote: post #588

Earlier quoted context omitted.

If you don’t build luxury housing, affordable housing becomes luxury housing. San Francisco is a perfect example of NIMBY extremism and the damage it does to communities.

It's worse than that: The entire concept of "luxury housing" is a lie. The words "luxury housing" are designed to make you think that it is taking up space that could be used by non luxury housing. Like the only reason a new apartment is so expensive is because it has a gold-plated toilet or something, and if only the developer had built an apartment without a gold plated toilet you could afford it. But in Minneapoli…

Minneapolis has had it's waves of pricing over the years. The hay day of build happened starting in 2005 and ran for the last 15 years leading up to where it is now. I lived in the Northloop on the front of the trendiness (pre-Target Stadium) and Uptown was still the land of said "hipsters" (such an unfortunate moniker). I can tell you that in 2010 I was paying more than $2000/month for a 2 bedroom there because supply was much more constrained. Now there's easily 20x availability of options. The downside is it's become much more crowded, the upside is it draws a lot of new food/entertainment options. Ultimately I'm glad I don't live downtown anymore. I think prices in Minneapolis will drop again as people spread back out if large organizations continue to dry up in the city. Don't get me wrong, I love Minneapolis and very much my time living in the city. But - things have definitely changed a lot in the last few years and I wouldn't say for much, if any, gain.

Re: Elon Musk moves to Texas

#764

Post by apex3stoker »

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…

I think SALT deduction is an overlooked factor. It is unlikely that CA taxes or will tax capital gain more than the amount taxed by federal government. Before the 2017 tax act from, CA residents could have unlimited deduction on their state tax. This means that Musk would pay the same amount of total taxes whether he lived in CA or Texas or almost anywhere in the US.

Re: Elon Musk moves to Texas

#765

Post by Frondo »

gwright wrote: post #755
abawany wrote: post #613

Earlier quoted context omitted.

https://www.texastribune.org/2020/12/08/texas-ken-paxton-ele... Having satisfactorily worked hard to make voting as difficult as possible in Texas, he wants to use the state's limited funds to sue other states that dared to improve their democracy. This is the government of Texas.

I would find it much more interesting if you were to engage on the legal argument being made rather than this sort of perfunctory dismissal. Are you stating that as long as public officials are "daring to improve their democracy" that they are free to ignore Constitutional requirements that the legislature has plenary authority to proscribe the manor of selecting electors? Note: Setting aside the likelihood that any…

What legal argument? Texas has no standing to sue Pennsylvania over what is an internal matter to Pennsylvania.

Let's not pretend that this absurd lawsuit has any merit -- it's one in a long line of losing lawsuits (what are they up to, 50 out of 51 lost now?) by the current president to overturn an election result he didn't like.

Re: Elon Musk moves to Texas

#766

Post by wolco2 »

CyberDildonics wrote: post #659
JPKab wrote: post #547

Earlier quoted context omitted.

Your onto something, and I think another crucial detail is that the small, southern town I grew up in is more tolerant of gay folks now than the vast majority of big cities were 20 years ago. There's been such a massive shift in tolerance towards gay humans across the entire culture that comparing any place I go to NOW vs where I grew up WHEN I was a kid is a massive difference. Compared to 2020 Anywhere, 2000 Anywhe…

> 2000 Anywhere was a very bigoted place. This really is not true, in many big cities it was another common facet of life that people were by and large apathetic about at that point.

This is true. Even in big cities with large gay populations the reason why gay villages aros is because of safety. Now gay areas are disappearing from big cities because satefy is less of an issue and acceptance is much more widespread in society.

Re: Elon Musk moves to Texas

#767

Post by windexh8er »

Phobophobia wrote: post #746
woah wrote: post #711

Earlier quoted context omitted.

It's worse than that: The entire concept of "luxury housing" is a lie. The words "luxury housing" are designed to make you think that it is taking up space that could be used by non luxury housing. Like the only reason a new apartment is so expensive is because it has a gold-plated toilet or something, and if only the developer had built an apartment without a gold plated toilet you could afford it. But in Minneapoli…

Mind posting a zillow link or similar? I'm evaluating moving to different metro areas, and my research for Minnesota yielded higher costs.

Minnesota isn't "cheap". I'd say - depending on where you want to live in the city can influence your results. Ultimately it's what you're after. I think, today, you can live there very reasonably. We have better than average access to health care, but taxes are also an impediment in Hennepin county (Minneapolis metro). The metro is very conveniently laid out - so if you're looking to move there you should broaden your search as commuting isn't horrible, public transport is decent and there's a lot of option for reasonably priced rentals - but definitely not "cheap" compared to other metro areas. The area does have a lot to offer, however.

Re: Elon Musk moves to Texas

#768

Post by nondeveloper »

nwsm wrote: post #745
nondeveloper wrote: post #635

For maybe 99% of Californians the decision to move or stay is tied to two factors: increasing cost of living and decreasing quality of life. I lived in the Bay Area from 2010 to 2020 and both factors worsened considerably in that time. While Musk’s move may be an indicator of a kind it reflects on largely different factors than those weighed by most people. Most people don’t strain against state bureaucracies to deve…

Where did you move, and how are you finding it in comparison?

We moved to Salt Lake City, Utah.

Quality of life is high and cost of living is low. We had a huge variety of housing choices at many price points. Groceries, gas, and utilities are much cheaper. People are friendly.

The culture is different. More people here are religious [0]. Alcohol is strictly controlled [1] and the driving BAC limit is .05, lower than the typical .08. Cannabis is not legal. The Church of Jesus Christ of Latter-day Saints, aka the Mormon Church, and its adherents are a big part of the culture here, especially their orientation towards family and service.

We’ve liked it.

[0] https://www.pewforum.org/religious-landscape-study/state/uta...

[1] https://en.m.wikipedia.org/wiki/Alcohol_laws_of_Utah

Re: Elon Musk moves to Texas

#770

Post by ffggvv »

gok wrote: post #180
menssen wrote: post #94

Earlier quoted context omitted.

Finance YouTuber Graham Stephen recently made a big deal out of moving from Los Angeles to Vegas because the tax savings more-or-less paid for a giant mansion in Vegas. (And because of some slightly cringey comments about not wanting to see so many homeless people, but that's not the editorial comment I'm trying to make right now.) But, he's keeping his house in CA (for "weekends and vacations"), and he's building hi…

The California Franchise Tax Board actually spends a lot resources catching people who spend too much time in state and don't claim to live there. It's actually surprisingly hard for would-be tax dodgers to pull off, and the penalties are severe.

not sure if they do this but seems pretty easy to see just by looking at electricity usage
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