Companies like X and Oracle have moved CA HQ to Texas (OOPS! after only 4 years, Ellison is moving HQ to Nashville), but lots of employees continue to work in CA. [0]
There seem to be three factors: Taxes on HQ, taxes on employees (always in the state where they work) and personal tax-dodging strategies. Go figure.
They can all move here to Florida and pretend for a week that they like it, we’ll definitely take their money LOL.
stockresearcher · 23m ago
Ah, but Ken Griffin actually moved to Florida and then spent a bunch of money on “lobbying efforts” to change the non-compete law so he could better screw his employees. And now all employers in Florida can better screw their employees.
fuzzfactor · 4h ago
You noticed.
They move there due to peer pressure, not because they like it hot & humid.
blakesterz · 6h ago
I don't have an opinion one way or the other on this, but I do remember it happened at least once before:
"Three-time gubernatorial candidate and billionaire B. Thomas Golisano is changing his home address to Florida to escape New York income taxes he says cost him nearly $14,000 a day."
That's from 2008 and I don't think he lived in the city, so maybe not exactly a perfect example but all he had to do was "change his home address"?
Finnucane · 6h ago
When you're a billionaire, sure. Like the IRS is going to call you on it.
Also, he's claiming he owed ~$5 million a year in taxes. Which is a lot, but he spent $93 million to run for governor, and basically flushed all that money down the loo. He apparently has spent hundreds of millions on various charitable projects. So clearly, the taxes are not really burdensome. He just doesn't think he should have to pay them.
josefritzishere · 5h ago
It's always empty threats. States could enact exit takes that make it even harder to leave as well. The Feds do that to expats.
LightBug1 · 6h ago
I've never understood this subject.
These wankers are already optimising to pay as little tax as possible in their home state.
Hence, what does it matter if they threaten to leave or not?
They'll STILL be paying as little tax as possible.
nh23423fefe · 6h ago
because zero is the smallest non negative number. other numbers are bigger and so if someone pays a tax the government can spend the money.
Atlas667 · 6h ago
The problem with fake socialists is that they suggest solutions that do not fix the fundamental problem with democracies. That there isn't democracy.
How will higher taxes guarantee that they will be used appropriately?
How are the people guaranteed that officials will not be corrupted to divert that money into other projects?
How will the corruption, the largest problem in modern capitalist economies, be fixed by this?
No real answers, we just have to trust cause hes different?
Democracy is not trust, democracy is control. Don't be fooled.
birn559 · 6h ago
Just like with vaccines, some people apparently have lived in a first world bubble for so long and so deeply that they have forgotten what the alternatives really look like.
Of course there is democracy and corruption is much worse in non-democratic countries.
Atlas667 · 5h ago
Most non-democratic countries that exist are capitalist countries.
Even the ones you're probably thinking about are capitalist, Russia, Saudi Arabia, Dominican Republic, Haiti, Sudan, etc. All capitalists.
Capitalism creates authoritarianism through corruption as a grey market business practice.
spwa4 · 2h ago
Ever notice how socialists ... never discuss real-world socialism? They only discuss what goes wrong with others (and of course all gets lumped together, when of course it is absolutely forbidden to draw the connection between western socialism and Soviets, or especially North Korea or Iran. But that the Saudia Arabian and the US economy work the same way, and have the same level of authoritarianism, that you can just state as gospel)
But here's one stat I think illustrates how well it goes in practice: the Taliban in full-blown war caused less victims in Afghanistan than communists did in peacetime (in fact less than half. This, incidentally, is the actual reason the Taliban started fighting the west, not CIA support. Communism is STILL one of the western influences that they state they try to eradicate, and I doubt that part of their agenda is very controversial in Afghanistan. And, of course, western socialists never mention this, and especially don't discuss why or how socialism came to Afghanistan, and how it is the direct cause, not CIA support, of the current situation in Afghanistan and Iran)
And this is not an exception in communism. For instance: "peace" in the Soviet Union killed more people than WW2 did worldwide, including the holocaust, hell, include all conflicts the Soviets ever had and it's still true. Hell, include all conflicts in Europe of the entire 20th century and it was still more. Same in China.
So I feel all rational people can honestly say "even if you're right, capitalist authoritarianism is still better", and given that authoritarianism is almost a basic principle of socialism, certainly in practice, I don't understand where they're coming from in the first place.
Atlas667 · 1h ago
To laud Afghan mujahideen with their verified acid attacks on women is insane on your part. Afghanistan was a monarchy before the people overthrew their monarchs for socialism and before the americans funded their extremists, who you praise.
The Afghan socialists were fighting monarchies, warlords(tribal land lords) and even shitty socialist leaders.
-
Figures of Soviet deaths are overblown to include non-births and even Nazi deaths, that is the state of anti-communist propaganda these days (right now). There is no denying that Soviets made mistakes, I am no apologist, but the western narrative is wrong on so many accounts that it discredits itself. A country trying to industrialize while undergoing a civil war and foreign attacks had a hard time organizing their agriculture under a drought. It is objectively a massive failure, but it is not inherent to socialist democracy.
What you fail to mention about the world wars is that both world wars were caused by capitalist tensions between nations. Both world wars can be fully attributed to capitalists enrichment and their contradictions between nation states. These are the gashes in humanity caused by capitalist colonialism.
-
Let me tell you, Socialism is not something you vote for, its something you do. Democracy takes the efforts of society to make happen.
Neighborhood councils are a fundamental part of socialist theory. Ask yourself why you've never heard of it? Who produces the media content that gets promoted and published? Is it your neighbors with their social interests? Or is it massive capitalist publishers with their interests? The censorship in capitalist societies is about monopoly control and volume/amplification.
Capitalists are a fundamental threat to mass democracy.
There seem to be three factors: Taxes on HQ, taxes on employees (always in the state where they work) and personal tax-dodging strategies. Go figure.
[0] https://californiaglobe.com/articles/oracle-moving-headquart...
They move there due to peer pressure, not because they like it hot & humid.
Also, he's claiming he owed ~$5 million a year in taxes. Which is a lot, but he spent $93 million to run for governor, and basically flushed all that money down the loo. He apparently has spent hundreds of millions on various charitable projects. So clearly, the taxes are not really burdensome. He just doesn't think he should have to pay them.
These wankers are already optimising to pay as little tax as possible in their home state.
Hence, what does it matter if they threaten to leave or not?
They'll STILL be paying as little tax as possible.
How will higher taxes guarantee that they will be used appropriately?
How are the people guaranteed that officials will not be corrupted to divert that money into other projects?
How will the corruption, the largest problem in modern capitalist economies, be fixed by this?
No real answers, we just have to trust cause hes different?
Democracy is not trust, democracy is control. Don't be fooled.
Of course there is democracy and corruption is much worse in non-democratic countries.
Even the ones you're probably thinking about are capitalist, Russia, Saudi Arabia, Dominican Republic, Haiti, Sudan, etc. All capitalists.
Capitalism creates authoritarianism through corruption as a grey market business practice.
But here's one stat I think illustrates how well it goes in practice: the Taliban in full-blown war caused less victims in Afghanistan than communists did in peacetime (in fact less than half. This, incidentally, is the actual reason the Taliban started fighting the west, not CIA support. Communism is STILL one of the western influences that they state they try to eradicate, and I doubt that part of their agenda is very controversial in Afghanistan. And, of course, western socialists never mention this, and especially don't discuss why or how socialism came to Afghanistan, and how it is the direct cause, not CIA support, of the current situation in Afghanistan and Iran)
And this is not an exception in communism. For instance: "peace" in the Soviet Union killed more people than WW2 did worldwide, including the holocaust, hell, include all conflicts the Soviets ever had and it's still true. Hell, include all conflicts in Europe of the entire 20th century and it was still more. Same in China.
So I feel all rational people can honestly say "even if you're right, capitalist authoritarianism is still better", and given that authoritarianism is almost a basic principle of socialism, certainly in practice, I don't understand where they're coming from in the first place.
The Afghan socialists were fighting monarchies, warlords(tribal land lords) and even shitty socialist leaders. - Figures of Soviet deaths are overblown to include non-births and even Nazi deaths, that is the state of anti-communist propaganda these days (right now). There is no denying that Soviets made mistakes, I am no apologist, but the western narrative is wrong on so many accounts that it discredits itself. A country trying to industrialize while undergoing a civil war and foreign attacks had a hard time organizing their agriculture under a drought. It is objectively a massive failure, but it is not inherent to socialist democracy.
What you fail to mention about the world wars is that both world wars were caused by capitalist tensions between nations. Both world wars can be fully attributed to capitalists enrichment and their contradictions between nation states. These are the gashes in humanity caused by capitalist colonialism. -
Let me tell you, Socialism is not something you vote for, its something you do. Democracy takes the efforts of society to make happen.
Neighborhood councils are a fundamental part of socialist theory. Ask yourself why you've never heard of it? Who produces the media content that gets promoted and published? Is it your neighbors with their social interests? Or is it massive capitalist publishers with their interests? The censorship in capitalist societies is about monopoly control and volume/amplification.
Capitalists are a fundamental threat to mass democracy.