Tony D'Amato
It's all about the inches
How soon before Texas pass California? I agree with the right that some liberals answer to everything is raise taxes. If I was rich, I'd probably prefer Texas to Cali too.
I assumed NY's economy was larger than Texas
- Thread starter Tony D'Amato
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ill
Superstar
Silicon Valley is starting to pack up and move to Texas. The exodus should take about a decade, IMO. Texas got next.
Tony D'Amato
It's all about the inches
dora_da_destroyer
Master Baker
Mature companies are, but the money (VC's) is and always has been in SV, same way M&A money is and always will be on Wall Street. Both due to the talent in CA universities, it being easier to get VC money by being in SV, and the desirability of living in CA (we truly have the best weather, it's beautiful and there is diverse terrain), early stage companies are still going to propagate there. I actually think it's for the best that companies that hit the 10k+ mark then move out since, as has been shown the past 20 years, the Bay can't support that in addition to remaining livable for "normal" folk.Silicon Valley is starting to pack up and move to Texas. The exodus should take about a decade, IMO. Texas got next.
That said, culture exports. TX aint gonna go full retard like Cali, but best believe this exodus isn't going to keep the current culture of TX in tact. CA wasn't always a bastion of high taxes and fringe progressive policy, we didn't jump off the deep end until all the money started pouring in these past two decades. Lastly, as all these companies keep choosing Austin and Dallas, they're going to see, and already have seen, relatively, a ridiculous rise in COL.
@ OP - TX won't overtake CA. We're talking 1.6T to CA's 3.1T - even with tech spreading out, CA still has Hollywood, Agriculture, Biotech, Finance and Mfg. TX may grow in tech, but oil/energy - their core industry - will shrink substantially over the next decade
that's bad news for republicans. and it's good for america when companies aren't packing into one small area.
you talking like Cali is actually to the left at all. smh fringe progressive policy my ass , yeah its communist in cali because they havent deregulated everything and they havent cut taxes to zero
the cac mamba
Veteran
less taxes = more money to invest. my company gave a second round of mid-year raises right after the trump tax cut, ive been there 8 years and that was the only time they ever did that
superunknown23
Superstar
Texas is nowhere near Cali.
Cali GDP (2019): $3.2 trillion
Texas GDP: $1.8 trillion
California alone generates 15% of our economy
Cali GDP (2019): $3.2 trillion
Texas GDP: $1.8 trillion
California alone generates 15% of our economy
NZA
LOL
i think it's great if texas can pick up the tab for the rest of the republican areas that are welfare states
GnauzBookOfRhymes
Superstar
The thing is, people wouldn't mind the higher taxes if they felt like the government became more responsive, less corrupt etc in return. That is the fundamental problem of many large city liberal governments. For instance I live in Chicago. Taxes are always going up, oftentimes for legitimate reasons - but the city is still corrupt as fukk and the services continue to be a joke. The extra funds end going to fill holes created by the corruption.
This is why I love trickle down, the one time it “works” we are all
.Is your company a public company and do you know your annual revenue?
the cac mamba
Veteran
are we really arguing over less taxes = more money freed up?This is why I love trickle down, the one time it “works” we are all
Is your company a public company and do you know your annual revenue?
are we really arguing over less taxes = more money freed up?
bruh, no fukking shyt.
My stance is that freed up money disproportionately trickles further into the pockets of elite or more fortunate.
https://www.yardeni.com/pub/buybackdiv.pdf
eyeballing page 3, you have a near 50% jump in money going back to repurchase stock, versus the median 3% raise per year for workers....