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Tesla’s headquarters will move to Austin

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Re: Tesla’s headquarters will move to Austin

#61

Post by newhotelowner »

danhak wrote: post #34

California's tax regime is really backward. I suspect Tesla's departure is just the tip of the iceberg and that the repeal of the SALT deduction in 2017 really hastened this trend. High earners pay an effective tax rate of > 50%. They are partially picking up the slack from Prop 13, which artificially distorts the housing market by allowing longtime homeowners to pay property taxes based on decades-old assessed value…

> The exodus will only pick up steam unless policymakers get their act together.

I used to live in California. There is no better state than California. If house price falls, I would buy another house in California.

Re: Tesla’s headquarters will move to Austin

#62

Post by [deleted] »

NikolaNovak wrote: post #9

I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…

[deleted]

Re: Tesla’s headquarters will move to Austin

#63

Post by nine_k »

_jal wrote: post #50
danhak wrote: post #34

California's tax regime is really backward. I suspect Tesla's departure is just the tip of the iceberg and that the repeal of the SALT deduction in 2017 really hastened this trend. High earners pay an effective tax rate of > 50%. They are partially picking up the slack from Prop 13, which artificially distorts the housing market by allowing longtime homeowners to pay property taxes based on decades-old assessed value…

> middling infrastructure Compared to what?

Mmm, Northeast?

Re: Tesla’s headquarters will move to Austin

#64

Post by lamroger »

CheezeIt wrote: post #37
danhak wrote: post #34

California's tax regime is really backward. I suspect Tesla's departure is just the tip of the iceberg and that the repeal of the SALT deduction in 2017 really hastened this trend. High earners pay an effective tax rate of > 50%. They are partially picking up the slack from Prop 13, which artificially distorts the housing market by allowing longtime homeowners to pay property taxes based on decades-old assessed value…

The public schools aren’t pitiful at all. California has great schools.

if you can afford living close to one or pay for private schooling

Re: Tesla’s headquarters will move to Austin

#65

Post by [deleted] »

gautamcgoel wrote: post #48

What I'm really curious about is what happens to Austin (and to a lesser extent, Atlanta, Raleigh, Denver, SLC etc). Does Austin become the next Bay Area/next Seattle? Crazy high housing prices, and high homelessness/crime? If so, how long does that take, and what happens to native Austinites? If not, what prevents history from repeating itself?

[deleted]

Re: Tesla’s headquarters will move to Austin

#66

Post by acdha »

joegahona wrote: post #21
NikolaNovak wrote: post #9

I know this is charged but it's genuine question due to my ignorance - why are companies having or moving HQs to Texas? It feels that : 1. It's way out of temperate climate that one would live in when given full choice and all things equal (understanding they never are of course - I live in great white North :) 2. Politics are highly conservative and frequently invasive. now clearly half of Americans like it that way…

Taxes are much better and a low cost of living.

Only for the richest people: Texas has lower state income tax but the local taxes more than make up the difference and so middle-class people end up paying a higher total tax rate.

https://www.bloomberg.com/opinion/articles/2021-05-19/wait-c...

Since the decision about where a large company's headquarters is located is typically made by someone on the ultra-rich end of the spectrum, they're optimizing for things which don't apply to most of their workforce.

Cost-of-living should be lower, but I think that's important to view in more specific comparisons based on exactly where you're going to live — someone coming from San Francisco is going to find almost anywhere in the country to be cheaper but California is a big state there are many places where the comparison is going to be much less stark, and might end up being a wash depending on your job prospects and quality of life factors.

Re: Tesla’s headquarters will move to Austin

#68

Post by thebigman433 »

SCUSKU wrote: post #11
bpodgursky wrote: post #8

Earlier quoted context omitted.

That is a pretty silly stance for anyone who likes tax revenue.

Or jobs for that matter.

They just built another massive warehouse near their Fremont plant and plan on continuing expansion in California. This move is just to get headlines, they are expanding everywhere.

Re: Tesla’s headquarters will move to Austin

#69

Post by amznthrwaway »

danhak wrote: post #34

California's tax regime is really backward. I suspect Tesla's departure is just the tip of the iceberg and that the repeal of the SALT deduction in 2017 really hastened this trend. High earners pay an effective tax rate of > 50%. They are partially picking up the slack from Prop 13, which artificially distorts the housing market by allowing longtime homeowners to pay property taxes based on decades-old assessed value…

Fun fact, you need to be earning over $4M/yr to have an effective tax rate > 50% in CA.

Re: Tesla’s headquarters will move to Austin

#70

Post by jeffbee »

andreygrehov wrote: post #52
georgewsinger wrote: post #14

Warning: This post is written from a libertarian/center-right viewpoint. While this move is great, I'm skeptical of the idea that moving to Austin is a political panacea for moderate/center-right/libertarian governance. - The same percentage of people who voted for hard leftist candidates in SF also voted for hard leftist candidates in Austin. Don't believe me? Check it out for yourself: https://en.wikipedia.org/wiki…

> There are homeless issues in Austin, just as there are in SF (though not as bad as SF, it's getting worse every year). - Homelessness in Texas has decreased by 55% since 2010. - Homelessness in California has increased by 35% since 2010. So, there is massive a 90% gap. California is obviously doing something wrong there. Source: United States Interagency Council on Homelessness.

Obviously, Texas has out-built California in housing every year since 1990. Housing solves homelessness for reasons that should be clear.
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