This nonsense pundit piece is talking about ~700 or so commercial entities leaving CA. This is a state where that number of corporate entities is a rounding error. I’m shocked the number isn’t higher. We are a long way from Detroit and have an industrial base more diverse than a small handful of powerhouse companies in a specific sector. We also have invested in creating infrastructure for innovation to a level where it isn’t an accident when things happen here.
I think using Detroit as a scare tactic to encourage desperate policies to retain companies in a state that’s lousy with them is a pretty far cry from reality.
> It seems like people in Texas on average are doing better than California.
The same principal applies. If you make it too costly to do business, business will leave. That or a company from somewhere else will use less taxes and regulations as a competitive advantage.
They'll even take losses like shutting down factories.
> ~700 or so commercial entities leaving CA
It will get worse. It's a trend.
> Texas
Cheaper housing, less homelessness, less expenses.
> If you make it too costly to do business, business will leave.
They’ve been saying that for 30 years and the numbers have not significantly changed.
> That or a company from somewhere else will use less taxes and regulations as a competitive advantage.
> They'll even take losses like shutting down factories.
Companies based here are some of the most profitable in the world. Your statements are pure fantasy unanchored to any facts.
> Cheaper housing, less homelessness, less expenses.
If as many people wanted to live in California as want to live in Texas, it would be cheaper to live here too.
In addition, the average California household also makes more, by a not insignificant percentage.
> 30 years and the numbers have not significantly changed.
"How did you lose all the money?" "Slow at first, then very quickly."
> Companies based here are some of the most profitable in the world.
Cat's out of the bag. Most of the tools needed to form companies that are ridiculously profitable are online for anyone in the world to use (AWS). If they're not, the cloud providers are working tirelessly to put them there.
California was the hotbed of innovation due to concentrations of learning from higher institutions in tech. That's all distributed now.
> If as many people wanted to live in California as want to live in Texas, it would be cheaper to live here too.
It’s nice that you’re so invested in your fever dream of CA’s downfall. I hope where ever it is you live turns out nice for you. As long as we don’t descend to full on fascism next year I think I’ll buy a house here. I like California. I stay here because of it. Maybe if enough people who think that Texas is a good idea leave people then who want to be in California can replace them and we can build more housing stock together! :)
FWIW, I’m pretty much entirely for bulldozing local zoning law and control over a lot of housing and have been delighted by our recent progress there and often vote accordingly. I think this is our major issue, not asking people and companies to pay for advancing our communities.
I live in LA. No investment, it's baked into the numbers.
> As long as we don’t descend to full on fascism next year I think I’ll buy a house here.
I would not recommend buying a house for the next couple years at least. Prices are about to crash everywhere.
> I like California. I stay here because of it.
More power to you.
> Maybe if enough people who think that Texas is a good idea leave people then who want to be in California can replace them and we can build more housing stock together!
Seems the opposite is happening. Texas has very lax building regulations. Part of this is due to not being on a fault line but most of this is just bureaucrats justifying their jobs and costing everyone money.
> I think this is our major issue, not asking people and companies to pay for advancing our communities.
Seems like it's had the opposite effect. Some of the highest taxes in the nation with the worst results.
Good luck with your housing purchase. I wish you the best.
It took the skyscrapers downtown being at rock bottom prices (and generous state and local incentives) to get businesses to move back.
It seems like people in Texas on average are doing better than California.