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Elon Musk moves to Texas

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Re: Elon Musk moves to Texas

#451

Post by chokeartist »

dmode wrote: post #388
busterarm wrote: post #44

Earlier quoted context omitted.

Or, framed differently, California is looking for deep pockets to bail out their failing budget rather than adjust their policy to match what they can afford. The same has been happening in New Jersey with its insane taxes that don't really go to pay for services anymore and have diverted from transportation & infrastructure projects for decades now to bail out their severely underfunded pension funds...where the pen…

California has been running budget surpluses for many years. And will run a surplus again this year, despite the pandemic

In reality, California has a $54B deficit this year.

Re: Elon Musk moves to Texas

#452

Post by kelnos »

pchristensen wrote: post #350
JKCalhoun wrote: post #309

Earlier quoted context omitted.

Wondering if Prop 13 is the cause of Cal-flight. Is it driving home prices up? Or is it robbing the state coffers of a tax revenue that has to be made up elsewhere? I don't know.

It distorts many aspects of governance. People don't move because there's a tax hike proportionate to how long you've lived there, so there's less turnover in housing, meaning less supply, meaning higher prices. It puts a hard, long term, effectively permanent cap on tax growth, so cities must plan for everything to continually get leaner. Cities make land use and zoning decisions based on uses that are net contribut…

How do we get rid of Prop 13? Supporting repeal is a political death sentence for anyone in local or state office. Homeowners of course love it (even when it has negative effects on them), and renters tend to be less politically active. What kind of campaign would it take to do this?

Re: Elon Musk moves to Texas

#453

Post by danans »

gonehome wrote: post #213

I wish public rhetoric was less combative/twitter-like and more collaborative. Elon has built incredible companies doing incredible things. He's also made some stupid comments re: covid. SV political hostility towards technology companies and employees is frustrating. I wish the government was more aligned with helping these companies grow and things weren't treated as if they were so zero-sum (when they're not). I a…

In general, you are right, the Twitter-sphere is a cancer on civilized discussion.

That said, Elon Musk is an active participant and influencer of "F*ck X" culture on Twitter, so he hardly gets a pass when others use that same rhetoric on him.

> why can't people in government behave better than this?

Likewise, why can't Elon Musk behave better? The answer: Acting the way he does publicly is part of his marketing tactic.

Re: Elon Musk moves to Texas

#454

Post by pchristensen »

misiti3780 wrote: post #297
ohazi wrote: post #225

Earlier quoted context omitted.

> for people working on a SV salary Most Californians don't get to keep their SV salary when they move to Texas.

What data are you basing that on - Austin is not cheap, and it's probably getting a lot more expensive now that everyone is moving there.

I looked at Austin a few years ago, and after seeing the salaries I could find vs the cost of housing for 5 in a highly rated school district, I didn't even apply anywhere.

Re: Elon Musk moves to Texas

#455

Post by optimalsolver »

monoideism wrote: post #244
boringg wrote: post #171

Earlier quoted context omitted.

California still has every viewpoint that is imaginable though there does seem to be less space for far right. What's making everyone salty about Elon leaving is there was considerable amount of people who helped him build up in the state (i.e. state benefits, staff who worked incredibly hard for many years, consumers who bought his cars [drive in the bay area]) and he's peacing out, with a slap in the face to everyo…

How do you describe "far-right"? Edit: the reason I ask the question is that I've noticed a trend among people from very left-leaning areas to define anyone slightly right of center as being "far-right". I've been called "far-right" because of beliefs that were typical of moderate Democrats in the 1990s. What label that leaves for people like actual Nazis, fascists, neo-Confederates, etc, I'm not sure. Far-far-far ri…

The enemy.

Re: Elon Musk moves to Texas

#456

Post by scsilver »

sdljfjafsd wrote: post #413
techsupporter wrote: post #277

Earlier quoted context omitted.

But that's rather my point: if you're living just in the larger metro areas, you're choosing to insulate yourself from the rampant discrimination and bigotry that, numerically, forms the bulk of the electorate and shape the cultural mindset. To be clear, that's not a bad thing that people make that choice; I would, were in that position. If Texas voters will finally vote in someone who is more like Ann Richards than…

Is that really any different from any other state, including California? Rural vs urban culture are completely different in every state in America. As Californians we still insulate ourselves from rural culture. The only difference in California those counties don't form the bulk of the electorate while in Texas they do. We still have the same problem: a cultural divide between rural and urban.

Yeas it's different. I'r invite you to drive through the rural west America, through arizona, nevada, wyoming and colorado. Even the rural areas of california have so many people. You will also noticr that the californians are almost all wearing masks even in the rural areas.

Re: Elon Musk moves to Texas

#457

Post by jrsj »

siberianbear wrote: post #323
bagacrap wrote: post #189

Earlier quoted context omitted.

Is this a successful way to dodge taxes? If so, that loophole should be fixed. I left California 4 years ago and yet somehow still pay taxes to the state. If you're saying that anyone who was professionally successful in California has no right to ever leave the state, that seems like a tough sell.

(I am not a lawyer, this is not legal advice) I left California for Nevada many years ago, and I subsequently sold stock I accumulated while in California without paying state income tax. It is legal and you can do it, but there are a lot of legal hurdles. They're pretty well documented around page 5 of FTB 1031 [1]. In my case, I quit my W2 job in California, entered into a contract to lease a home in NV, got rid of…

Those high brackets really only apply to people that are making a lot of money. I make $100k right now and my state tax in California would be nearly the same as it is in Ohio at that rate. That being said, with my work being remote indefinitely I’m going to Texas to save over $400 a month in tax (and cost of living is about the same — very low).

Re: Elon Musk moves to Texas

#458

Post by jdbernard »

nrmitchi wrote: post #422
WillPostForFood wrote: post #272

Earlier quoted context omitted.

Texas is a no income tax, but moderately high property tax state. That's good when you are making money, but can be hard when you retire: low income, high tax on your house.

It also disproportionately impacts mid-tier earners. Ie, those who earn enough to own their home, but still have it make up a significant portion of their net worth. Someone making 100k/year, and making 1M/year, both living in 400k houses (not uncommon in the Austin area), will be paying the dollar-amount in tax. Ie, a high property tax and low income tax is very regressive.

Wait a minute, where are all these $400k homes you're finding in Austin? I thought those disappeared about 5 years ago...

Joking aside, it wouldn't surprise me if $400k was close to the median price for homes within the city limits.

Re: Elon Musk moves to Texas

#459

Post by darawk »

yxwvut wrote: post #439
beambot wrote: post #235

Earlier quoted context omitted.

You mean abatements & subsidies required to push "clean" vehicle policies that are among the most aggressive in the world? Without Tesla & CA's policies, auto electrification would be at least a decade behind what it is today... Being at the forefront of environmental policy has real costs.

Perhaps the private beneficiaries of those subsidies should bear some responsibility for covering the costs?

Why? The purpose of those subsidies is to benefit all of us. Not to benefit Elon Musk. He's just the only one who stepped up to solve the problems for us.

Re: Elon Musk moves to Texas

#460

Post by abfan1127 »

ddoolin wrote: post #429
boringg wrote: post #171

Earlier quoted context omitted.

California still has every viewpoint that is imaginable though there does seem to be less space for far right. What's making everyone salty about Elon leaving is there was considerable amount of people who helped him build up in the state (i.e. state benefits, staff who worked incredibly hard for many years, consumers who bought his cars [drive in the bay area]) and he's peacing out, with a slap in the face to everyo…

Genuine question: how do states like Texas, Florida, etc. get by without taxing income? Do they not need that money for their operations? What is the difference between their government and California's? I figure Florida makes it up with their tourism industry but Texas decidedly does not have that.

Texas has a really high property tax.
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