Musk moving tesla to Texas snubs Cali

Actual headline..

"Elon Musk moves Tesla to Texas in Silicon Valley snub"

Musk will build his new tesla factory in Texas.
The final straw was not being able to open his factory with the pandemic shutdown.

Another reason is that his rocket factory is in Texas and going to California was not a great use of his time.


Now I'm not a huge musk fan... He's a salesman slash showman. But I give him all the credit in the world for his ability to communicate on matters of public relations.


I think this move has a lot to do with state taxes and not just a toxic business environment.
But his stated reasons don't insult the citizens of Texas.

www.bbc.com...


Opinions?

originally posted by: Bluntone22
Actual headline..

"Elon Musk moves Tesla to Texas in Silicon Valley snub"

Musk will build his new tesla factory in Texas.
The final straw was not being able to open his factory with the pandemic shutdown.

Another reason is that his rocket factory is in Texas and going to California was not a great use of his time.


Now I'm not a huge musk fan... He's a salesman slash showman. But I give him all the credit in the world for his ability to communicate on matters of public relations.


I think this move has a lot to do with state taxes and not just a toxic business environment.
But his stated reasons don't insult the citizens of Texas.

www.bbc.com...


Opinions?

Taxes
Cost of living
Bureaucracy
Liberal politics..

Goldman Sachs is moving their asset management division from NYC down to South Florida. Florida is becoming the Wall Street attracting a lot of money managers due to lower taxes.

What liberals don't understand is that capital is fluid. Sooner or later, people get tired of paying exordidant taxes with little return. Even if you are a billionaire, paying 13% income tax in top bracket at state level on top of the 37% federal is highway robbery.

a reply to: Edumakated

Guess what is coming to Texas and Florida as many liberals flee their Utopias. Unfortunately they are to dumb to realize why they are leaving.

Taxes
Cost of living
Bureaucracy
Liberal politics..

Goldman Sachs is moving their asset management division from NYC down to South Florida.

NOOOOOOO!!!!!!!!!! Stay in NYC!!! . Florida is full of stupid people especially south florida . We have Florida Man. You don't want to come down here, trust me its horrible.

a reply to: Edumakated

I think liberals understand that part... That's why they want to raise federal taxes so you can't escape by changing states..

They don't realize it will cause the money to leave the country then.

originally posted by: Bluntone22
a reply to: Edumakated

I think liberals understand that part... That's why they want to raise federal taxes so you can't escape by changing states..

They don't realize it will cause the money to leave the country then.

Look just because you can't understand why its a great idea to give people with conflict of interest more of your hard earned money and power over you it doesn't mean the rest of us logical people don't get it.

I suppose you are that guy that thinks its a bad idea to give the mafia more power and more money to solve crime as well. C'mon man

a reply to: interupt42

Call me a rebel....

Michigan was in a great recovery then Big Gretch and her handling of COVID has things in a tailspin. One failed plan after another.

a reply to: mikell

Yeah.. Michigan can't even find a good football team.

But seriously..
I have several Michigan clients treading water right now because of that Bruce Jenner clone.

a reply to: Bluntone22

Al lot of the rich folks have been making the move to Texas.
Joe Rogan for one, and afterwards a bunch of his friends followed suite.
Texas is becoming the hot spot.
And good for it too.
For far too long, Hollyweird and Cali in general, has acted as though there would be no reprocussions for their obtuse ways.

The problem with this practice has been, the people fleeing NY and Cali then vote in the same moronic Democrat party that ruined the states they fled. So not only do they gain nothing, they ruin it for everyone else.

originally posted by: jjkenobi
The problem with this practice has been, the people fleeing NY and Cali then vote in the same moronic Democrat party that ruined the states they fled. So not only do they gain nothing, they ruin it for everyone else.

It is a special kind of stupid...

Most simply cannot connect the dots.

originally posted by: jjkenobi
The problem with this practice has been, the people fleeing NY and Cali then vote in the same moronic Democrat party that ruined the states they fled. So not only do they gain nothing, they ruin it for everyone else.

I don't buy it. Once the election fraud is exposed and the methods and machinery are prohibited, I think the entire country, including California, is much, much more red than anyone knows...

a reply to: jjkenobi

I think its more to the point that where big tech, banks etc go cost of living drastically increases. And the majority start to suffer because a 1 bd apartment will soon now cost 2300 a month because Clair who works in marketing at tesla will buy a house for twice what its worth down the road causing a frenzy in the market.
It happens every time. Thats basicslly silicon valley. Sometimes bringing in large corporations even if they provide some slightly above minimum wage jobs isn't all hyped to what its supposed to be.

originally posted by: strongfp
a reply to: jjkenobi

I think its more to the point that where big tech, banks etc go cost of living drastically increases. And the majority start to suffer because a 1 bd apartment will soon now cost 2300 a month because Clair who works in marketing at tesla will buy a house for twice what its worth down the road causing a frenzy in the market.
It happens every time. Thats basicslly silicon valley. Sometimes bringing in large corporations even if they provide some slightly above minimum wage jobs isn't all hyped to what its supposed to be.

That's part of it.

However, Silicon Valley and San Fran are expensive due to liberal housing policy more than anything else. The policies restrict supply of homes which is what drives up prices. rent control, affordable housing mandates, NIMBYs, density restrictions, height restrictions, green mandates, all drive housing costs higher....

Texas doesn't have nearly the same amount of restrictions and it is easier to build so supply can keep up with demand...

a reply to: Edumakated

Exactly people voted for it. On the basis of the gentrification process that big tech and banks bring. Thats my theory.

originally posted by: strongfp
a reply to: Edumakated

Exactly people voted for it. On the basis of the gentrification process that big tech and banks bring. Thats my theory.

Yeah, it creates a vicious cycle. The problem is the left doesn't realize their policies make it worse.

Higher paying jobs drive up prices. However, the response to this is where they really screw things up. They start implementing rent control, forcing other restrictions thinking that they can prevent the basic laws of economics where supply and demand determine prices. Their polices invariably reduce supply and basic cost structures results in prices going even higher.

This is a good video on how housing activist in San Fran actually make it way more expensive than it needs to be. To summarize, a guy has owned a laundrymat and decided to build a new condo building providing much needed housing to the Castro district. However, he has been caught up in ridiculous court / city hall hearings demanded by activist driving up the cost of the project which ultimately drives up prices.

a reply to: Edumakated

If the housing market were left up to the basics of supply and demand everyone would be renting.

And that model is causing a huge stir worldwide. Entire blocks of vacant houses are bought up by investment firms like blackwater and let them inflate the markets around them so when its time to sell or rent they can charge what ever the inflated market price is.

Housing unfortunately needs to be controlled to some extent, because its the only real wealth that matters to be honest. Location and real estate. Its a tale as old as civilization itself

originally posted by: strongfp
a reply to: Edumakated

If the housing market were left up to the basics of supply and demand everyone would be renting.

And that model is causing a huge stir worldwide. Entire blocks of vacant houses are bought up by investment firms like blackwater and let them inflate the markets around them so when its time to sell or rent they can charge what ever the inflated market price is.

Housing unfortunately needs to be controlled to some extent, because its the only real wealth that matters to be honest. Location and real estate. Its a tale as old as civilization itself

How do you figure that? I work in mortgage finance by the way.

The reason housing is inflated is that mortgage financing is widely available which encourages price inflation. Same thing with cars and student loans.

When financing isn't available, it causes prices to fall as borrowers have to be more prudent about what they can spend.

a reply to: Edumakated

Because free markets in the sense you are suggesting don't work as flawlessly as you are suggesting in the real world.

Real world situations need real world solutions. This whole notion that if we culled all government to just military, and foreign affair deals or what have you. and allow for the private sector to just run wild with unregulated capitalism that it will just 'work itself out' through supply and demand is a pipe dream.

Putting housing into the equation as if it were nothing more than a commodity like cars, or running shoes, or cell phones is a rather poor argument. Housing has and always will be a necessity to a functioning society. Allowing for free markets to wild will lead to the monopolization of real estate. True wealth can be measured by who owns the land. Money is meaningless against what humans really want to control.

Good idea. California needs a wake up call

When you watch the news they only think LA and NY are what matters. Not even close to reality.