Silicon Valley exodus: Bay Area tech companies leaving for Texas

Post by patagonia » Tue, Dec 15, 2020, 4:32 PM UTC

joubert wrote: post #301

SmokeyHamster wrote: post #289

Earlier quoted context omitted.

To be fair, here's the complete list of companies in the known universe that don't try to avoid taxes or regulation: [error data not found] There's a cost of moving. California's taxes and regulations are bad, bad enough to force many out, but not all. If things continue on their present course, even Google and Amazon, who personally like the political climate there, will have to start looking elsewhere.

> Amazon Headquartered in Seattle, Washington. Not California.

Post by ylhert » Tue, Dec 15, 2020, 4:35 PM UTC

njarboe wrote: post #330

BowBun wrote: post #322

> the cost of housing is one-third of Bay Area prices and the absence of a state personal income tax amounts to a 13.3% raise for top earners. This point always makes me laugh because anyone who lives in affluent TX neighborhoods knows your property tax is _enormous_ and usually makes up for a majority of state income tax you save. They still need to pay for roads and schools, right?

Which is great. A high property tax keeps the price of housing down (what people will pay for a house is cost per month, basically mortgage plus property tax), makes people want to have new housing built so that housing prices don't go up, and promotes a general attitude of anti-NIMBYism. Just the opposite of California with its low property tax and very aristocratic prop 13 problem.

Post by bluedino » Tue, Dec 15, 2020, 4:36 PM UTC

paloaltokid wrote: post #341

almost_usual wrote: post #339

The real state I wonder about is Illinois. Who the hell wants to live in Illinois? Both the state income tax and property tax is absurd and you can easily cross state lines to somewhere cheaper with pretty much the same scenery.

Have you never been to Chicago? Pretty nice town.

Post by doyouevensunbro » Tue, Dec 15, 2020, 4:40 PM UTC

spamizbad wrote: post #345

gedy wrote: post #261

Earlier quoted context omitted.

Prop 13 is one of the few reasons many could consider staying in California, vs having to pay property taxes on the bubble prices here. Property taxes do go up at what amounts to reasonable inflation numbers.

What do you think happens in most other states with normal property taxes? Do you think people just continuously get pushed out of their homes because of local taxes? It's pretty rare even in extremely high property tax counties like Cook and DuPage here in Illinois.

Post by gonehome » Tue, Dec 15, 2020, 4:40 PM UTC

wavefunction wrote: post #355

SmokeyHamster wrote: post #297

Earlier quoted context omitted.

Kind of a strange analogy. Walmart provides immense value to millions of people. They've developed an infrastructure that delivers cheap products to areas that otherwise would have few other options. Oracle is the antithesis of Walmart. They provide insanely expensive options to corporations who are already locked in to their products. One of the saddest days was when Oracle bought Sun and effectively killed all thei…

Walmart has contributed to the decline of small businesses in rural areas[0] and they compensate their employees so little that they officially encourage their employees to take advantage of the social safety net[1] despite ever increasing annual net income[2] captured largely by the non-productive latter-generation Waltons. [0] https://money.com/walmart-stores-closing-small-towns [1] https://www.forbes.com/sites/cla…