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California regulation and taxes promotes innovation. Electric car incentives helped Tesla. Ban on non-competes allows employees to start competing businesses
by adrr 7y ago
California regulation and taxes promotes innovation. Electric car incentives helped Tesla. Ban on non-competes allows employees to start competing businesses. Taxes allow the funding of the best higher education system in the nation.
- omgwtfbyobbq 7y agoTo be fair, California doesn't have the highest tax burden in the nation, although it is up there. It also taxes consumption more than assets, which I'm a fan of. https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/ https://wallethub.com/edu/states-with-highest-lowest-tax-bur...
- npunt 7y agoLooks like there's a decent overlap between state tax burden and whether they're 'donor' states in terms of federal dollars. Those that have higher tax burden tend to be sending more $ to the federal government than they receive back. CA historically has been this way, though recently it is about breakeven. https://worldpopulationreview.com/states/donor-states/ https://worldpopulationreview.com/states/donor-states/
- apta 7y agoThe absurd income and sales taxes definitely do not promote innovation. Correlation is not causation.
- tenpies 7y agoYes, just imagine Tesla if there were zero government grants, the regulatory credits vanished, and they removed all incentives. Tesla would have gone bankrupt like 10 years ago. I mean just last quarter Tesla barely made a "profit" and it was due to selling credits to other auto-makers and posting incredibly suspicious financials (e.g. doubling the number of factories while posting no change in their OpEx). For someone who has built all of his companies thanks to government funding, Elon sure has been biting at the hand that feeds him.