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Intel Honesty

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Re: Intel Honesty

#261

Post by astrange »

murderfs wrote: post #253
astrange wrote: post #221

Earlier quoted context omitted.

The population increasing in a state is mostly about age structure of the country, not people deciding to move there. California's low growth and Florida's high growth are because Americans are getting older, retiring, and not having children.

This is absolutely false, to the point where there's literally a wikipedia article about net migration out of California: https://en.wikipedia.org/wiki/California_exodus

Net migration is not the same thing as population change. You can have net out-migration and population growth because people have children.

> as well as comparatively high tax levels and a complex regulatory environment for businesses.[8] Texas is the leading destination of California's former residents

Texas has higher tax levels than California because property taxes are higher. People are leaving pretty much entirely because of housing costs because California refuses to build anything.

Re: Intel Honesty

#262

Post by ghshephard »

ak217 wrote: post #237
ghshephard wrote: post #214

Earlier quoted context omitted.

Parcel Taxes allow wealthy areas like Palo Alto to have much higher qualities of education. School District quality is probably one of the number one factors for families looking for a home.

Most school districts in California don't have any parcel taxes. There are definitely some like Palo Alto and other Bay Area and LA school districts that do, but they serve as a relatively small boost (0 to 20% of the district's budget). But yes, to the extent they constitute a significant portion of the revenue, the dynamics described by the parent post play a role. Parcel taxes are known to be a poor funding mechan…

My favorite loophole on Prop13 is where a Real Estate Trust can purchase a commercial property, and then sell portions of that Real Estate Trust to LLCs. Those LLCs maintain their ownership percentage, but investors can buy/sell shares in that corp without triggering any of the Prop 13 change-of-ownership triggers, and therefore keeping a cap on their tax increases.

Re: Intel Honesty

#263

Post by monocasa »

taormina wrote: post #245
kagakuninja wrote: post #199

Earlier quoted context omitted.

Texas actually has higher taxes than California, despite the lack of income tax. They make up for it in property tax AFAIK. California actually has low property taxes for many property owners, thanks to the controversial proposition 13. Desirable urban areas of California are expensive because we don't have enough housing.

As a Texan, who has considered moving to California many times, this is laughable. I pay maybe $10k-$11k in property taxes ( https://tax-office.traviscountytx.gov/properties/taxes/estim... ). I work for myself at the moment, but if I took my previous salary of $200k and earned that in CA instead, I would owe CA closer to $15k, and I'm not grandfathered into prop 13. Never once in my career has the math made any sense…

> And you if you don't own your property, you don't owe TX anything.

If you're renting, it's not like your landlord isn't baking that I to your rent.

Re: Intel Honesty

#264

Post by mnau »

rstuart4133 wrote: post #233
crowcroft wrote: post #59

Earlier quoted context omitted.

$29b cash and about $50b in debt. They have a valid business still, but I think you're under appreciating how much of a hole they need to dig themselves out of. Their current foundries can't just make other chips, and they certainly can't make GPUs for AI (TSMC make Intel GPUs). They are making a new foundry in Ohio, but in Intel's current state and comments they've made to the market it's not guaranteed the foundry…

> $29b cash and about $50b in debt. I know nothing about finance, but I have trouble figuring out how they got themselves into this situation given this https://www.intc.com/stock-info/dividends-and-buybacks : As of June 29th, 2024, we were authorized to repurchase up to $110.0 billion, of which $7.24 billion remain available. We have repurchased 5.77 billion shares at a cost of $152.05 billion since the program bega…

> I have trouble figuring out how they got themselves into this situation

That's easy. This is the thinking process:

By buying shared at that time, we increase the stock price and please Wall Street. I get a bonus. Not investing into R&D might cause some problems in the future, but we are Intel. We are #1. When there is a competition, we will just redirect money to R&D and zoom right past it. Plus I will likely be gone by that time anyway.

Re: Intel Honesty

#265

Post by kagakuninja »

taormina wrote: post #245
kagakuninja wrote: post #199

Earlier quoted context omitted.

Texas actually has higher taxes than California, despite the lack of income tax. They make up for it in property tax AFAIK. California actually has low property taxes for many property owners, thanks to the controversial proposition 13. Desirable urban areas of California are expensive because we don't have enough housing.

As a Texan, who has considered moving to California many times, this is laughable. I pay maybe $10k-$11k in property taxes ( https://tax-office.traviscountytx.gov/properties/taxes/estim... ). I work for myself at the moment, but if I took my previous salary of $200k and earned that in CA instead, I would owe CA closer to $15k, and I'm not grandfathered into prop 13. Never once in my career has the math made any sense…

Housing is presumably more expensive here. I know my uncle has a house twice as large as mine at similar cost, although that was 20 years ago. But then of course you have to pay much higher AC bills.

The tax thing is just something I hear in the California reddit groups when people discuss the never ending claims of a "California exodus". Allegedly, people have moved to Texas and discovered that they aren't actually saving money compared to California, and the weather is way worse.

Re: Intel Honesty

#266

Post by bradleyjg »

AnotherGoodName wrote: post #11

Intel is trapped. Its debt repayments alone are massive. The poor performance in stock has encouraged 20years of wage stagnation to the point where you can literally earn over 50% more at amd or nvidia or even an startup for equivalent roles so they aren’t hiring the best. Their pay in the Bay Area is double tsmc in taiwan for equivalent roles in raw dollar terms but the ppp differences means your better off working…

They sidelined lip bu tan who was one of the advocates for even more layoffs and wage freezes but he’s one of many backwards thinkers they need to remove.

Genuine question: why isn’t what they need large layoffs and dramatic wage increases?

Re: Intel Honesty

#267

Post by PaulHoule »

scrlk wrote: post #10

> in the late 2010’s Intel got stuck trying to move to 10nm, thanks in part to their reluctance to embrace the vastly more expensive EUV lithography process TBH, it's easy to say this with the benefit of hindsight. Throughout most of the 2010s, EUV lithography was like the "year of the Linux desktop" - i.e., this year will be the year where EUV was suitable for high volume manufacturing. I don't really blame Intel fo…

I remember seeing headlines every 18 months or so that Intel was laying off 10,000 engineers for no good reason. Made me think I didn’t want to go to work for them because I might be next.

Re: Intel Honesty

#268

Post by DiscourseFan »

murderfs wrote: post #196
apercu wrote: post #173

Earlier quoted context omitted.

Does anyone truly want to live in Florida, Texas, Alabama, WV? (I left Tennessee off the list because it seems a lot to people _do_ want to live in Nashville anyway). I grew up in Texas. I've lived in 5 states and a Canadian province. My sisters house in Fort Worth is assessed a little lower than my house in WI. But her property tax is more than my property tax plus WI state income tax so.....

Florida and Texas are among the fastest growing states in the country, whereas California is losing population.

Florida will be underwater immanently, in Texas abortion is illegal. I'd call it a "bubble," for lack of a better term.

Re: Intel Honesty

#269

Post by re-thc »

geodel wrote: post #101
amluto wrote: post #65

Earlier quoted context omitted.

Some of the issues are way downstream of those NIMBYs: Non-housing costs are quite low in Taiwan. Food and childcare, in particular, are so much cheaper than California that it’s hard to believe. But the NIMBYs aren’t totally in the clear. Rental housing with 3+ bedrooms (for families) is severely lacking in much of the US. Maybe fire codes are to blame. Taiwan is full of very nice new high-rise development that cont…

All true. The question still remains how many US folks can /want to go live in Taiwan vs How many Taiwanese can / want to live in US suburban dystopia. And I say this as immigrant to US increasingly disenchanted by suburbia. From what I read housing price to income ratio has increased ~2.5 times from 6.5 to 15.8 in last two decades in Taiwan. And it seems to be worse in new developments in city like Taipei. At a top…

> with stagnating wages

That's not true. The minimum wage has increased every year for the last 8 years at least for quite a decent amount. Wages have increased, maybe even more so than the US.

> And it seems to be worse in new developments in city like Taipei

If you're looking at Taipei then you have to compare it to NYC or some other expensive city and NYC isn't much better in terms of pricing.

Re: Intel Honesty

#270

Post by y-c-o-m-b »

AnotherGoodName wrote: post #11

Intel is trapped. Its debt repayments alone are massive. The poor performance in stock has encouraged 20years of wage stagnation to the point where you can literally earn over 50% more at amd or nvidia or even an startup for equivalent roles so they aren’t hiring the best. Their pay in the Bay Area is double tsmc in taiwan for equivalent roles in raw dollar terms but the ppp differences means your better off working…

I worked there for a few years a little over a decade ago in Oregon. The wages were abysmal, so you're not wrong, but they still drew a lot of good talent because Intel was more accessible to the suburbs than the city of Portland (commuting to downtown Portland was awful) and remote options were limited. Krzanich era layoffs and the availability of more remote work options resulted in a rapid drain of talent though.

The working environment was toxic (still is based on what I've heard from folks I know working there). It encouraged working against your peers instead of with them. Top heavy management meant lots of poor choices and money burned on worthless projects that never saw the light of day. Always had the looming threat of layoffs which ate into morale. TONS of off-shoring and third-party contracts, which everyone here knows is a mess in itself. Piss-poor research before buying up smaller companies or doing joint-ventures. Pouring money into the construction of more buildings when so many of their current ones sit unoccupied. It's all just a recipe for immense failure.

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