If population exodus is not enough, the business exodus is the next big thing in California. See the top companies that moved HQ out of California - Tesla, Oracle, Charles Schwab, Nestle, Palantir. It's not just HQ movement, many companies are investing heavily into other state as HQ2 like Apple in Austin and Meta in Seattle. Meta has became the third biggest tech employer in Seattle. California business climate is really bad and is ranked as 49th in Business tax climate ranking. It has some of the countries highest regulations with large cost on Taxes, cost of living, Energy, Labor cost; which has a huge impact on Business. All of this because of Politicians in CA. They will not care even if entire tech or other big business moved out of CA. They will continue to keep the taxes, regulations, and the crime/homeless situation in CA. They will not stop till the CA cities turn into Gotham. Don't know when people will realize that the current political situation is just too bad for the state. https://www.forbes.com/sites/adammillsap/2021/08/27/businesses-are-fleeing-california-along-with-its-residents-and-president-biden-should-pay-attention https://taxfoundation.org/2021-state-business-tax-climate-index/
The woke become broke
This is BS. Tesla literally just moved a file cabinet to Texas to save on taxes but announced that they were expanding all facilities in California. And I live near Oracleās campus, and a ton of people still work out of there. Oracleās CEO was asked whether he was going to Texas, too, and he was like fuck that shithole, Iām working full-time remote from Hawaii. š
This seems like some right wing propaganda. The movement is very low.
California is a desert which was never meant to have a population of 40 million. People and business fleeing it is a good thing.
Flee Cali for Texas because Cali is a desert. Brilliance š
Where did I mention Texas? Stop getting triggered and learn to read lol.
I think the Cali hate is jealously. Cali is producing, like, 16% of the US GDP alone. Twice the GDP of Texas. DESPITE the high tax, homeless, crime, blablabla. Also, still a lot of people want to move to Cali, if people think of the us, it's NY, then Cali. So I think the republican hate for Cali is because they are jealous of it.
Exactly this. Conservatives love to talk shit about California but want to move to shitholes like Texas, Florida or North Carolina? Go right ahead! š
Youāre going to trigger the āfacts donāt care about your feelingsā crowd with those facts
Look, if San Francisco wants itās streets to be a public restroom and needle trash can, it needs taxes to support that infrastructure. California needs your taxes to support this initiative.
Exactly. Don't discriminate against needle trash cans š¾
They donāt need more taxes. Thereās so much corruption and incompetence we have $1.7M toilets and BART janitors making 300k.
Tax the hell out of the rich and businesses. Vote prop 30 and many such more. I think rich and businesses should at least pay 60% tax.
Btw. From a public economics perspective, the state income maximizing tax rate is somewhere between 70 and 90%, then the reduction in work is higher than the additional money earned by the state š So they can raise tax much more in Cali before there are real consequences from businesses and people š
Why do tech companies have to stay in Bay?
Itās where the talent is and it doesnāt want to relocate to shitholes.
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š Girlfriend help! š
Good, tax the fuck out of them, my student loan aināt gonna pay itself
You should be paying your own loan instead of 3rd party
In land of California I will woke over work