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The more I think about it - He's moving to Texas so that he can pay less taxes, pay less for employees, and put that money to work with Space X and his other in
by boringg 6y ago
The more I think about it - He's moving to Texas so that he can pay less taxes, pay less for employees, and put that money to work with Space X and his other investments. I think he's more interested in rockets than cars these days. I bet he's frustrated that he believes he is a better capital deployer than the state of CA - which is probably true if measured by returns on capital - however that isn't what government is for. Government is, ostensibly, to support the well being of entire populations over generations.
To answer some other questions why people like Elon but not other billionaires. He thinks about things more engineer like, doesn't accept things on face value, has a libertarian bent, doesn't seem to value traditional things that the wealthy are attributed to (read: expansive homes [anymore], yachts, fancy collectibles) and is an unbelievable producer.
It seems any capital he does accumulate he deploys directly into his next venture - which creates jobs, products and tax benefits for states.