Elon Musk moves to Texas
331–340 of 1001 posts
Re: Elon Musk moves to Texas
#332Earlier quoted context omitted.
My birth certificate says "Texas" across the top and people have been "fleeing California" to Texas for as long as I've been alive. There's nothing special about Musk; he just happens to be high-profile about it and managed to extract more from California before decamping to a "cheap" state than several of those who came before him. I disagree with your assessment that Texas has wide acceptance for opposing viewpoint…
I've lived in Austin 25 years and have long said "The price we pay for living in such a great city is we have to be surrounded by the rest of Texas."
Re: Elon Musk moves to Texas
#333California 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…
> CA at some point will try to tax unrecognized capital gains Where is the evidence for this? Effectively, Elon has avoided future California capital gains taxes by moving. Those are the facts of his move. Personally, I would rather pay a few points extra on capital gains and income taxes to avoid Texas. Just look at what the Texas AG is doing right now: https://www.dallasnews.com/news/politics/2020/12/08/texas-ag...
Re: Elon Musk moves to Texas
#334Earlier quoted context omitted.
> And, the deaths from Covid-19 in California are disproportionately Latino. Our communities have been the hardest hit. By far. Maybe that’s why we take the public health officials’ warning and directions so seriously. Does that follow? Wouldn't it seem more likely that California latinos statistically disregard health officials advice if they're being most impacted by a disease which doesn't care about ethnicity?
Yes it follows. \ "Wouldn't it seem more likely that California latinos statistically disregard health officials advice" - No. For example: a lot of communities have intergenerational families living in close proximity due to lack of affordable housing, jobs, redlining, etc. Having many people living closer together explains being "most impacted" as well as (obviously better than but hey I'm being magnanimous) your t…
I could say "Alaskans are disproportionately affected by testicular cancer", because their per capita rate of it is higher than any other state. But it has nothing to do with being Alaskan - they have a totally normal rate of testicular cancer - it is just because a higher percentage of men live there than anywhere else in the US.
And, her next tweet in that thread is her celebrating keeping playgrounds open. Yes, children need to play - but maybe they can spread covid there?
Re: Elon Musk moves to Texas
#335An ignorant question for American readers. This article quotes a tweet from somebody who presumably has something to do with promoting Texas. He writes: > Texas is the best state for business. Texas has no state income tax, while California’s is the highest in the country. It just got better because Texas made an income tax unconstitutional. Can you explain what he means by that last sentence? I'm not asking for a po…
All the states also have their own constitutions. This is the Texas one: https://tlc.texas.gov/docs/legref/TxConst.pdf
Re: Elon Musk moves to Texas
#336An ignorant question for American readers. This article quotes a tweet from somebody who presumably has something to do with promoting Texas. He writes: > Texas is the best state for business. Texas has no state income tax, while California’s is the highest in the country. It just got better because Texas made an income tax unconstitutional. Can you explain what he means by that last sentence? I'm not asking for a po…
Re: Elon Musk moves to Texas
#337Earlier quoted context omitted.
Here is the thing though - it's not just a "few extra points". By my calculation its 13.3% more living in California in state income tax savings alone. That is a huge amount of money for Elon, but is also a huge amount of money for people working on a SV salary. It could be more than a mortgage payment. There are probably additional savings with less regulation etc California is not a state anyone should want to do b…
That's a disingenuous representation of how much extra state income taxes are paid. 13.3% is the rate for single income above $1,000,0000. A richly paid SV worker making $500k single pays 8.75% to the state of CA effectively.[0] [0] https://smartasset.com/taxes/california-tax-calculator#6NtLs...
"If your household income is > 1MM and you live in California, it is not surprising that you would want to leave"
Re: Elon Musk moves to Texas
#338I am from Texas and currently live in Austin, but I also had the opportunity to live in many places in the world (Bay Area, China, Singapore, and Norway) spread out over a decade. As much as I have admired and enjoyed many of those places, I always knew I would come back to Austin. The quality of life you get here, all things considered, simply cannot be beat. After I graduated from school in the Bay Area (circa 2005…
I really do love visiting Austin but... Ouch. https://www.kvue.com/article/weather/austin-tied-for-the-thi... "As of Thursday, Austin has officially had its 19th day of triple-digit temperatures. This means we have tied the third-longest stretch of 100-plus degree days recorded at Camp Mabry. Not to mention, every single day this month has been above average. Our average temperature at this time of the year should be…
On the flip side, winters are great! The best time of year is Mar/Apr and Oct/Nov. Absolutely gorgeous. There's a reason why SXSW and ACL are scheduled at those times...
Re: Elon Musk moves to Texas
#339An ignorant question for American readers. This article quotes a tweet from somebody who presumably has something to do with promoting Texas. He writes: > Texas is the best state for business. Texas has no state income tax, while California’s is the highest in the country. It just got better because Texas made an income tax unconstitutional. Can you explain what he means by that last sentence? I'm not asking for a po…
A good way to think about the US is as a more federalized EU, after several centuries and a civil war to figure out how power devolves between the Federal and State governments. The individual states were originally sovereign entities, bound together through a very weak system called the Articles of Confederation. After this was shown to not work very well, a group of legislators committed treason against the government outlined in the Articles, and convened to write the US Constitution, which the sovereign states decide to adopt after furious debate.
Re: Elon Musk moves to Texas
#340Earlier quoted context omitted.
We will be moving out of CA in the coming months. We are lifelong residents. We are leaving due to cost of living and especially quality of life for our children.
This doesn't make any sense. Why is the quality of life poorer in California compared to Texas when California has: Better schools across all grades, better universities and better weather? Perhaps there are other factors? Do demographics play a role perchance? From Wikipedia: 1) According to 2018 US Census Bureau estimates, California's population was 59.5% White (36.6% Non-Hispanic White), 14.7% Asian, 13.8% Some O…
> Texas is still predominantly white.
Texas is big, it's not monolithic, percentage of ethic origins varies widely geographically. Also have you ever been to Texas, or anywhere. Your comments come off as extremely naive / opinions learned from online rather than experience.