Earlier quoted context omitted.
>"Cheap real estate" And the highest property tax rate in the nation.
High property taxes are one of the most liberal policies of Texas. It's a progressive tax that is largely shouldered by rich landowners and the revenue form a large part of budget for public school systems. I'm not sure why people in California love our regressive Prop 13 tax rebates that largely benefit the wealthy and are a cause of huge budget deficits. Prop 13 is the most Republican policy we have in our state.
Schwab Leaves San Francisco for Texas
131–140 of 325 posts
Re: Schwab Leaves San Francisco for Texas
#132Am I the only one who thinks nobody is talking about the elephant in the room ? i.e. the cause and effect. Fintech companies like Robinhood have popularized the concept of (a) zero fee trading and (b) better UI/UX and just better service/offering on highly scalable platforms that allow them to introduce new products/services, which are virtually impossible for legacy providers like Schwab. Seems like that is the sing…
Schwab is pretty great. If your only frame of reference is Robinhood, you should really look into it.
Re: Schwab Leaves San Francisco for Texas
#133Am I the only one who thinks nobody is talking about the elephant in the room ? i.e. the cause and effect. Fintech companies like Robinhood have popularized the concept of (a) zero fee trading and (b) better UI/UX and just better service/offering on highly scalable platforms that allow them to introduce new products/services, which are virtually impossible for legacy providers like Schwab. Seems like that is the sing…
Re: Schwab Leaves San Francisco for Texas
#134Earlier quoted context omitted.
Why would the government review a headquarters move?
It sounds like they'll be keeping a sizable amount of staff in SF still. SF has a gross receipts tax on certain companies with HQ's in the city. As such auditors will want to ensure this isn't just a tax avoidance gimmick. By pairing this move with an acquisition Charles Schwab has a stronger defense against such an accusation.
[1]: https://www.newsweek.com/san-francisco-district-attorney-pub...
[2]: https://www.forbes.com/sites/adamandrzejewski/2019/04/15/map...
Re: Schwab Leaves San Francisco for Texas
#135Welcome to the Lone Star State! Cheap real estate and friendly folks. And BBQ, metric tons of BBQ...
Westlake does not have cheap real estate.
Re: Schwab Leaves San Francisco for Texas
#136Re: Schwab Leaves San Francisco for Texas
#137Earlier quoted context omitted.
Friendly if you're the right political party and orientation, I hear.
Seriously, Texans in the cities may be redneck compared to the rest of the country, but holy fucking shit are they friendly as hell. If you suck in social situations, you will find plenty of extroverts that will gladly make you feel included in a group of strangers.
The stereotypes are hilarious. I'm a computer scientist and spent 9 months at IBM's TJ Watson facility up in New York outside the city. Every person I contacted to rent a room from made a point to tell me that I'd have to leave my horse at home because they didn't have a stable. They uniformly were shocked in disbelief when I explained I owned no horses, no cowboy hat, no boots. The horror...
Re: Schwab Leaves San Francisco for Texas
#138I just moved to the Bay Area and I have no good opinions about living here. It’s a 3 trillion dollar neighborhood that has broken infrastructure, an abysmal housing situation, crime through the roof, homeless people everywhere, traffic, outrageous costs and just generally an awful place to live. I don’t know about the business side, but from an employee standpoint, fuck the Bay Area. Oh, and my car got broken into tw…
Then why are you here? For your own sake, please leave if you are so unhappy.
Re: Schwab Leaves San Francisco for Texas
#139Re: Schwab Leaves San Francisco for Texas
#140Welcome to the Lone Star State! Cheap real estate and friendly folks. And BBQ, metric tons of BBQ...
https://en.wikipedia.org/wiki/West_Fertilizer_Company_explos...
https://www.beaumontenterprise.com/news/article/The-latest-E...