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California has a golden goose in the wealthy megacorporations and billionaires who live there. Every tax that California adds risks killing that golden goose.
by gjsman-1000 5y ago
California has a golden goose in the wealthy megacorporations and billionaires who live there.
Every tax that California adds risks killing that golden goose. Tesla has already left as highly publicized, but others are too. Apple is building a billion-dollar campus in Austin, Texas. Oracle has moved its headquarters to Texas.
- sam0x17 5y ago> Apple is building a billion-dollar campus in Austin, Texas That they're already seriously regretting doing now that the promises of the remote economy are starting to be truly realized and the pandemic shows no end in sight. Billion dollar campuses are worth $0 in a fully remote economy. Turn them all into high quality public housing and move on. The office is dead.
- gjsman-1000 5y agoIn which case, if I'm a business, why am I in California again? Why pay their taxes? Time to move out (if that's true).
- sam0x17 5y agoNot much you can do about it even as a remote org. One employee living in Cali and you have to pay cali taxes.