111–120 of 622 posts
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And they are pulling them back or requesting a full move, using taxes as the reason.
Is there any substance to this other than the U.S. tax system being antiquated?
People really want to see California and silicon valley fail. Crab mentality I think, people love these articles
Why do you think this is? I find it really bizarre. My own family in the Midwest kind of passive aggressively implies that they hope I “feel the effect” of these “oppressive laws” and I’m out here shooting guns, enjoying the desert on HOVs, and visiting Yosemite to bask in the beauty. Oppression seems like the last thing I’ve found here, honestly. Like what grinds people’s gears so hard about CA? Really would love a…
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could you give me like an eli5 explanation of what specific policies you are referring to? I ask this as a left leaning person living in a right leaning state. So from where I sit, I see some of the dumb things my right leaning politicians do but I would love to understand what specific policies people think are some of Califoria's dumbest.
Right-wing people will just have vague criticisms about high taxes. The obvious low hanging bad-policy fruit in California is Prop 13 though.
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High taxes, high cost of living, and bad policies were the primary reasons I left CA. Property tax assessment was 1/6th of fair market value (thank you prop 13). Still decided to leave. Got a house almost 3x the size for the same price, and no homeless tents everywhere is a nice bonus.
Yeah having a house 3x the size is not great for you or the environment, given that people don’t use most of their houses ;-)
Whether that’s important to you is - as always - completely up to you in this country. I don’t understand the animosity between different states; we can all go wherever we fit best and that’s a great thing.
Nothing wrong with wanting a big house, but also nothing wrong or coercive with mentioning it has environmental impacts
I wonder if the people fleeing California will end up voting for the same bad policies that are the reason they had to leave in the first place. That is, do they connect the bad policies to the bad outcomes, or will they still favor the bad policies? There is one major area for tech people where Texas may prove a nasty surprise to employees: non-compete agreements. For large employers this may be a bonus though as th…
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What do low property taxes have to do with high rent and lack of housing? Higher property taxes would result in higher rent and property prices...
If my understanding is right, if you purchase a house and you (or your kids) have been living in it continuously you pay taxes on the original purchase price, rather than current value. These tax savings pass to homeowner families who stay in one location for multiple decades, especially as land values rise. Homeowners are very opposed to being displaced, since moving means their taxes would reset to a higher level.…
Source: just bought my first home in CA. Taxes were surprisingly reasonable
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High taxes, high cost of living, and bad policies were the primary reasons I left CA. Property tax assessment was 1/6th of fair market value (thank you prop 13). Still decided to leave. Got a house almost 3x the size for the same price, and no homeless tents everywhere is a nice bonus.
Yeah having a house 3x the size is not great for you or the environment, given that people don’t use most of their houses ;-)
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High taxes incentivizes more productive use of real estate, such as multi family housing.
High taxes are good because people will have less room to live? This doesn't sound like a good justification.
Imagine property tax is 0. Why would anyone ever sell? All the land would effectively be owned by hereditary feudal lords.
Texas has higher property taxes than California but more affordable housing. Makes you think.
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There's a lot of land in Texas, and they're not opposed to building high rises.
Also, not opposed to building explody chemical plants near residential areas. But I suppose the Oracle folks moving in have enough money to avoid that.