Texas is America Inc's new centre of gravity
economist.com
Texas is America Inc's new centre of gravity
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Re: Texas is America Inc's new centre of gravity
#2Re: Texas is America Inc's new centre of gravity
#3About half of America’s off-grid energy projects are in Texas. The OpenAI/Oracle data center in Shackelford County is running on its own gas plant. That’s the real Texas advantage.
It’s not just taxes or cheap power. It’s that you can put the power plant and the inference cluster in the same operating loop to avoid waiting years in an interconnection queue.
Re: Texas is America Inc's new centre of gravity
#4> In the early 2020s Texas was luring in remote workers
And not a single one of the people I know that moved there want to still live there. ymmv I guess
Re: Texas is America Inc's new centre of gravity
#5> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
Please let the zillions of people still fogging into my hometown (an Austin suburb) know!
Re: Texas is America Inc's new centre of gravity
#6California is an incredible example of how to drop the ball when running a powerful state. Texas is of course on the other end of the spectrum in terms of regulation and being business-friendly. Something more in the middle of the two is obviously ideal.
Re: Texas is America Inc's new centre of gravity
#7> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden.
For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax.
Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
Re: Texas is America Inc's new centre of gravity
#8> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
Then why are so many people moving to Texas?
Re: Texas is America Inc's new centre of gravity
#9> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
As someone who lives in California and pays state taxes, how would Texas have a higher tax burden if it doesn't charge state tax?
Re: Texas is America Inc's new centre of gravity
#10> In the early 2020s Texas was luring in remote workers And not a single one of the people I know that moved there want to still live there. ymmv I guess
people move to Texas thinking it has low taxes. It doesn't. Washington state has a much lower tax burden. For a normal earner, California has a lower tax burden than Texas. It is surprisingly insanely high tax. Of course California also has a much larger safety net than Texas. So for most working people it's a no brainer as to which state is better
What is high tax in Texas, much less insanely high? There is no income tax. Property taxes are okay-ish. It has a standard sales tax.
> Of course California also has a much larger safety net than Texas.
California alone accounts for a third of the homeless population in the U.S.