Companies fleeing California

[CountZero]

Great!

Just what we needed here in Texas, more transplants from California.

Texas has a great, relatively speaking, economy and we are flooded with those from mexico and California trying to escape the stupidity of those to governments but then they immediately try to turn Texas into mexico and/or California.

Stupid is as stupid does.

Depends on what you mean by changing TX into CA. Moving to Texas for work/financial reasons but wanting the lifestyle that existed in CA is not at all surprising and not stupid in the slightest. Now wanting to implement policy in TX to make it like CA when you left CA because it has bad policies is stupid.

 

[marincounty]

I just looked up some venture capital funding by state:
California $3,876 million
Massachusetts $718.9 million
Illinois $533.1 million
New York $447.5 million
Texas $313.7 million

This is for Q1 2011. http://www.cbinsights.com/blog/venture-capital/venture-capital-state-statistics-2011
Looks to me like California is kicking major ass as far as investments for the future.
Over ten times as much venture capital flowing to California versus Texas.

 

[alphatarget1]

Amazon already collects, determines the tax, and remits taxes in some states. But Amazon having to collect taxes is a secondary concern. Their primary concern is losing revenues because when CA customers have pay sales tax, they lose their price advantage over B&M and CA online retailers like Newegg.com.

If you live in CA and you shop at Newegg or other merchants like Monoprice, you get your stuff the next day. It's just a little bit of tax.

We bought a stereo install kit on Amazon with Prime and it got there in one day.

Big ticket items like TVs on the other hand...

 

[BarneyFife]

LOL@trying to compare Texas with California. Read an article last week on the Texas Colonias. Who would think the US would have cities of shacks without running water. Yup, thats how great Texas is. Don't even think Alabama has Colonias anymore.

 

[ProfJohn]

With so many companies leaving, this is going to have a profound effect on the tax base. To maintain the current tax base, California will probably have to raise taxes on its citizens to make up for lost business taxes.

One question I have to ask, why is California driving companies away? Cant the law makers see what is going on?

You answered your own question.

The Democrat solution to everything is more taxes.

 

[First]

TX is rock bottom in terms of standard of living derived from poor education, the worst rate of uninsured WRT health care, and salary for its population. If you sell out to businesses they'll take advantage of you by giving you what you deserve; shit standard of living.

 

[ProfJohn]

TX is rock bottom in terms of standard of living derived from poor education, the worst rate of uninsured WRT health care, and salary for its population. If you sell out to businesses they'll take advantage of you by giving you what you deserve; shit standard of living.

The companies are going to help Texas get out of that hole though.

These are high tech companies bring high paying jobs to Texas. They can bring a guy making $80,000 in San Fran to Austin and pay him $60,000 and he would still have a better quality of life.

The cost of living in Cali is going to kill that state. The high tech companies may start in Cali, but many of them are going to leave once they are big enough and rich enough.

 

[RabidMongoose]

I just looked up some venture capital funding by state:
California $3,876 million
Massachusetts $718.9 million
Illinois $533.1 million
New York $447.5 million
Texas $313.7 million

This is for Q1 2011. http://www.cbinsights.com/blog/venture-capital/venture-capital-state-statistics-2011
Looks to me like California is kicking major ass as far as investments for the future.
Over ten times as much venture capital flowing to California versus Texas.

Is that just VC firm funding? Companies like Intel, Google, etc. also fund startups, which are primarily focused in CA, too.

The reality is that most technology is focused around liberal areas. Innovative people don't want to live in conservative areas. Hell, even look at the case of TX - someone just mentioned Austin, which is another liberal bastion. It's tough to recruit people to a place like, say, South Carolina, but it's much easier to recruit talent to go to a place like CA, NYC, Boston, etc.

 

[First]

The companies are going to help Texas get out of that hole though.

Except they haven't and that's fact. As in it's already happened and been proven with numbers, lol.

These are high tech companies bring high paying jobs to Texas. They can bring a guy making $80,000 in San Fran to Austin and pay him $60,000 and he would still have a better quality of life.

lmao.

The cost of living in Cali is going to kill that state. The high tech companies may start in Cali, but many of them are going to leave once they are big enough and rich enough.

Except it isn't happening.

 

[blackangst1]

Except they haven't and that's fact. As in it's already happened and been proven with numbers, lol.



lmao.



Except it isn't happening.

Its not? So the OP's article is wrong?

Buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State.

Companies are "disinvesting" in California at a rate five times greater than just two years ago

 

[ProfJohn]

Is that just VC firm funding? Companies like Intel, Google, etc. also fund startups, which are primarily focused in CA, too.

The reality is that most technology is focused around liberal areas. Innovative people don't want to live in conservative areas. Hell, even look at the case of TX - someone just mentioned Austin, which is another liberal bastion. It's tough to recruit people to a place like, say, South Carolina, but it's much easier to recruit talent to go to a place like CA, NYC, Boston, etc.

I think you miss a few things.

1. It is easy to recruit in CA, NYC and Boston because the schools are there and they have been there for decades. It takes a long time to build up school quality.

2. The high tech companies stay in those areas due to the pipeline of employees those schools bring them. Intel could move to Atlanta tomorrow and have no problem getting employees, but they would miss out on many of the best students due to the challenge of getting people to move across country.

3. Parts of the south such as Atlanta, Austin and Raleigh are quickly building up their reputation as high tech and medical centers. In another decade each of them will be able to compete with any place in the country for companies and jobs (with the exception of Boston & silicone valley)

 

[Lanyap]

LOL@trying to compare Texas with California. Read an article last week on the Texas Colonias. Who would think the US would have cities of shacks without running water. Yup, thats how great Texas is. Don't even think Alabama has Colonias anymore.

Colonias are primarily border cities with mostly illegal immigrants or children from illegal immigrants that are now legal and who are very poor. They brought Mexico with them. How do you fix that? TX has a lot more border miles with Mexico than CA. If CA had that much border you would see the same problem.

With the number of poor illegal immigrants that have come into the country in the last 10 years I wouldn't be surprised if we had more small colonias throught the US. I found this NYT census map interesting when it came down to the makeup of the population.

http://projects.nytimes.com/census/2010/map?nl=todaysheadlines&emc=thab1

Where are colonias found?
Colonias can be found in Texas, New Mexico, Arizona and California, but Texas has both the largest number of colonias and the largest colonia population. Approximately 400,000 Texans live in colonias. Overall, the colonia population is predominately Hispanic; 64.4 percent of all colonia residents and 85 percent of those residents under 18 were born in the United States. There are more than 2,294 Texas colonias, located primarily along the state's 1,248 mile border with Mexico

http://www.sos.state.tx.us/border/colonias/faqs.shtml

 

[a777pilot]

Depends on what you mean by changing TX into CA. Moving to Texas for work/financial reasons but wanting the lifestyle that existed in CA is not at all surprising and not stupid in the slightest. Now wanting to implement policy in TX to make it like CA when you left CA because it has bad policies is stupid.

I agree and you said it better than I, but those coming here from mexico and California do want to change Texas to be more like what they left behind. Then why did they leave to come to Texas? Makes no sense at all.

 

[RabidMongoose]

I think you miss a few things.

1. It is easy to recruit in CA, NYC and Boston because the schools are there and they have been there for decades. It takes a long time to build up school quality.

2. The high tech companies stay in those areas due to the pipeline of employees those schools bring them. Intel could move to Atlanta tomorrow and have no problem getting employees, but they would miss out on many of the best students due to the challenge of getting people to move across country.

3. Parts of the south such as Atlanta, Austin and Raleigh are quickly building up their reputation as high tech and medical centers. In another decade each of them will be able to compete with any place in the country for companies and jobs (with the exception of Boston & silicone valley)

1. Each one of those cities are full of professionals from other cities, especially CA. All three areas attract a certain type of professional as well as more academically accomplished students. Moreover, there are lots of foreign nationals attracted to those areas, especially CA. Plus, schools in more liberal areas tend to be better than those in more conservative areas. That's part of the solution.

2. The high tech companies stay in these areas because the overall infrastructure (VC infrastructure, more highly skilled workforce, more desirable environment to live in) is far superior to most other areas. Intel could move to Atlanta, but it would likely see a drop in its innovation.

3. Austin could probably attract professionals, but that's because it's also very very liberal. The other areas, such as Atlanta and Raleigh, are building up, but they are insignificant when compared to places like CA, NYC, Boston, Seattle, and other more liberal cities. I don't see places like Atlanta or Raleigh competing against the likes of these cities any time within the next 25-30 years. You just can't attract talent there like you can in more desirable places.

I can see places like Raleigh and Atlanta continuing to service innovative corporations (lower skilled engineering positions and such) that are developed in CA, NYC, Boston, etc., but the more highly skilled positions will stay in CA, NYC, and Boston, and so forth. If you want to attract the best talent, then you will remain in an area where the best talent actually wants to live.

Conservatives have been saying these things for years, but it never actually is realized. That's why these places continue to develop more innovation while more conservative areas have been playing catch up since the very beginning and simply don't often develop innovative ideas.

 

[alphatarget1]

TX is rock bottom in terms of standard of living derived from poor education, the worst rate of uninsured WRT health care, and salary for its population. If you sell out to businesses they'll take advantage of you by giving you what you deserve; shit standard of living.

Things are fine in Texas.

 

[DucatiMonster696]

As someone else mentioned, the obvious solution for Dems is to make those taxes equal on a national level.

And thus completely dragging everyone down to the bottom of their horrible well of "good intentions" at a national level.

 

[MooseNSquirrel]

You answered your own question.

The Democrat solution to everything is more taxes.

The Republicans solution is to act like its 1823 and pretend super low taxes on the rich solves all government income problems.

Hey look, I can say brain dead partisan crap too!

 

[Double Trouble]

ahh the women's circle jerking each other off. Any of you actually work? Or do you just spend your days complaining about other people? Cali and NY are the best places in this country. Deal with it.

:biggrin:

You can keep your CA and NY, thank you very much. Nice places to visit, good weather in CA, but there's no way I'd want to live there or raise a family there.

 

[her209]

If you live in CA and you shop at Newegg or other merchants like Monoprice, you get your stuff the next day. It's just a little bit of tax.

Not true. I've bought stuff from Newegg and sometimes it would ship from the midwest.

 

[Painman]

Legalize your freakin' pot crop already, dumbasses. I't's the most profitable thing you've got.

 

[fskimospy]

:biggrin:

You can keep your CA and NY, thank you very much. Nice places to visit, good weather in CA, but there's no way I'd want to live there or raise a family there.

To each their own I guess. This is good news for us who live there however, as demand from people wanting to live in both is already through the roof.

 

[airdata]

If corporations are deemed to be looked at as being individuals... why are they not charged with tax evasion?

 

[DucatiMonster696]

If corporations are deemed to be looked at as being individuals... why are they not charged with tax evasion?

Are you evading taxes when you take advantage of a tax attorney and government sanctioned tax breaks/write offs?

 

[Atreus21]

ahh the women's circle jerking each other off. Any of you actually work? Or do you just spend your days complaining about other people? Cali and NY are the best places in this country. Deal with it.

You apparently have never eaten good food.

 

[fskimospy]

You apparently have never eaten good food.

Exactly what places are you going to claim have better food than San Francisco and NYC?