Rest is blah blah, this right there is the real reason for such a move. Can't blame the man either, I'll do the same in his shoes.
Elon Musk moves to Texas
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Re: Elon Musk moves to Texas
#832Pretty interesting to see this move makes people so salty. There does seem to be a trend of people fleeing California, I dont know enough about the situation out there to comment on whether or not its valid. I suspect something must be going on for several high profile folks moving out. And before you bash Texas, its not perfect. But its pretty diverse, and it seems that folks with opposing viewpoints can still coexi…
The state has gone downhill on every metric possible. People can't name even 5 things that have improved over the past decade. Taxes, infrastructure, homeless, rent/housing, cost of living, gas, traffic, smog and pollution, crime, illegal immigration, gangs, fires, droughts, private property issues, local govt gridlock and deficiency, and now the weather isn't great either. Unfortunately many of those leaving don't r…
Re: Elon Musk moves to Texas
#833Earlier quoted context omitted.
This is not completely true, as the cost to build high rise condos is extremely high and the land is very expensive. Every place in the USA that has kept housing affordable has done so with sprawl, which California's government doesn't allow. You can see a detailed study of it here: https://www.buildzoom.com/blog/cities-expansion-slowing
The land is very expensive, shouldn't that be good enough of a reason to build high rises? It works in NYC and most of Europe, the only reason there are few high rises in SF is because of the government that prefers artificial scarcity.
Re: Elon Musk moves to Texas
#834Quote: "With a net worth of $134.7B, Musk recently surpassed Bill Gates as the second-richest person in the world, and he's on track to earn more than $50 billion in stock options. If he remained in California, he’d be facing income taxes on the profits when he exercises them. In Texas, there is no income tax. " Rest is blah blah, this right there is the real reason for such a move. Can't blame the man either, I'll d…
Re: Elon Musk moves to Texas
#835Earlier quoted context omitted.
> The state has gone downhill on every metric possible. Mostly because it got more crowded. As a CA resident, if you don't like CA, please DO move out. It will help traffic, for one. If ALL you care about is a big house and taxes, then CA is probably not for you. As soon as you walk outside your TX McMansion, you may realize why CA is so crowded.
Yup. If you don't spend your weekends fly-fishing Big Pine Creek, 4x4ing the Mojave Road, climbing at Joshua Tree, grabbing burritos and craft beer at Grand Central Market, and swimming out to the mile-buoys at La Jolla Cove, why stay? If your eyes don't light up when you hear 'Clifton's Cafeteria,' or 'Pappy and Harriet's,' or 'half-day boat' what on earth are you doing here? This state is one of the most unique and…
Tens of thousands per year in state income tax. The nation's highest sales tax on top of that and we barely even afford school buses for my kids.
Why? Because all that tax revenue is going into my landlords already fat pockets. Prop 13 is over $30B per year -- that's 4x the size of the NSF and $7B larger than NASA. That stupid law ruined the state and I don't fault anyone for leaving. I'm trying to figure a way out to.
Re: Elon Musk moves to Texas
#836Re: Elon Musk moves to Texas
#837Earlier quoted context omitted.
Yup. If you don't spend your weekends fly-fishing Big Pine Creek, 4x4ing the Mojave Road, climbing at Joshua Tree, grabbing burritos and craft beer at Grand Central Market, and swimming out to the mile-buoys at La Jolla Cove, why stay? If your eyes don't light up when you hear 'Clifton's Cafeteria,' or 'Pappy and Harriet's,' or 'half-day boat' what on earth are you doing here? This state is one of the most unique and…
I enjoy the outdoors here more than most but the taxes are bullshit. Tens of thousands per year in state income tax. The nation's highest sales tax on top of that and we barely even afford school buses for my kids. Why? Because all that tax revenue is going into my landlords already fat pockets. Prop 13 is over $30B per year -- that's 4x the size of the NSF and $7B larger than NASA. That stupid law ruined the state a…
Prop 13 is pretty controversial, and considering it bullshit it not something I would consider unreasonable.
I wish you the best wherever life takes you.
Re: Elon Musk moves to Texas
#838Earlier quoted context omitted.
Meanwhile, I'm holding my breath that enough richer-than-most folks will move to make house prices go down a bit instead of up 10% since last year like https://ktla.com/news/local-news/socal-homes-prices-again-se... Seems like they're still moving in instead of moving out, for now, though.
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.
Re: Elon Musk moves to Texas
#839Earlier quoted context omitted.
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.
Higher taxes elsewhere (which I think more sense anyway), and honestly probably just less wasteful spending and fewer beneficial (or potentially beneficial) programs.
https://www.washingtonexaminer.com/news/san-francisco-school...
Re: Elon Musk moves to Texas
#840Earlier quoted context omitted.
Where did you move, and how are you finding it in comparison?
We moved to Salt Lake City, Utah. Quality of life is high and cost of living is low. We had a huge variety of housing choices at many price points. Groceries, gas, and utilities are much cheaper. People are friendly. The culture is different. More people here are religious [0]. Alcohol is strictly controlled [1] and the driving BAC limit is .05, lower than the typical .08. Cannabis is not legal. The Church of Jesus C…
But .. are you mormon? Otherwise, how are you finding the social isolation? SLC itself is now 50% mormon, but the surrounding areas are still mormon-dominated. I like mormons, but they are definitely tribal.