Live data from Hacker News

Tesla’s headquarters will move to Austin

kxan.com

71–80 of 691 posts

Re: Tesla’s headquarters will move to Austin

#71
post #27

Good. This will both alleviate pressure on the Bay Area as well as accelerating the political shift to the left in Texas. It's a win all around. I actually think that living in the Bay Area as a tech employee is increasingly unjustifiable from an ethical point-of-view. It was once the case where that was necessary for many career paths but that's increasingly not the case and the pandemic has hastened that shift. Why…

>Because tech workers are contributing to the displacement of the people those places need to survive.

>Yet the reality is you're still contributing to that displacement even though you're not responsible for those policies.

You're arguing that people trying to make a better life for themselves are ruining the lives of others? I think it's extremely clear that Californian's own tax policies, along with NIMBYs are to blame here, not tech workers.

But this is typical, myopic 'blame the catalyst, not the problem' I see frequently from west coast-style leftists (and i say that as a staunch leftist). Tech workers are easy to point at because they are new-ish transplants (most have been here >15 years at this point), and they are considered culturally distasteful, and moderately well off.

Nobody wants to blame the multi-million dollar single family home owning boomer who voted themselves a property tax exemption in the 70s that they can literally pass to their kids (from an ethical perspective, you should be appalled that we're currently living through the birth of an actual, landed aristocracy)

The tech workers are literally trying to make a better life for themselves. The NIMBY homeowners are literally hording wealth. Yet we blame the young tech workers... it's total nonsense.

Re: Tesla’s headquarters will move to Austin

#72

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…

> and frequently invasive What would be the top ten examples of "frequently invasive" conservative policies in Texas? Just wondering what your perspective might be on this.

1. abortion 2. limiting voting rights Would have to think for more than a seconds to add more.

Re: Tesla’s headquarters will move to Austin

#73

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?

Austin continues to become less and less affordable for people who aren't bringing in existing home equity from other high cost of living areas. My understanding is the bulk of offers for homes in the Austin area are from Texans and existing Austinites but the bulk of winning offers are from out of state.

Re: Tesla’s headquarters will move to Austin

#74
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…

>High earners pay an effective tax rate of > 50%.

Musk has not paid any tax because he hasn't cashed out any of his stock options yet. Some of his options will expire next year so he will pay tax then, but I am sure California will get the lion share of the tax revenue (as Musk lived in California up to 2021.)

Re: Tesla’s headquarters will move to Austin

#75

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?

[dead]

Re: Tesla’s headquarters will move to Austin

#76
When CEOs move, they often move their headquarters closer to where they live. Somehow Tesla managed to survive all the problems of California until shortly after Musk moved to Texas. Folks talking about the advantages and disadvantages of California vs Texas may be overthinking this.

Re: Tesla’s headquarters will move to Austin

#78
post #50
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?

Certainly not Texas

Re: Tesla’s headquarters will move to Austin

#80
post #50
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?

Not sure. I wouldn’t draw a comparison between Austin’s infrastructure and the bay area’s.
Post reply on HN