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Not sure I understand your point. If someone wants to open an exchange there, what’s stopping them? I’m a Dallas resident and this has been a large coordinated

Not sure I understand your point. If someone wants to open an exchange there, what’s stopping them? I’m a Dallas resident and this has been a large coordinated effort that has a lot of banks relocating here. Not going to debate the good or bad of it, but Texas tends to go after these types of things and creates a favorable environment for it from a business/tax/political standpoint. I don’t know what California does, but I know a whole bunch of Californian corporations have moved here citing similar reasons. So again, what’s stopping something similar from happening in California? (If it doesn’t already exist)

Braxton1980 1y ago
What's to stop states from increasing the amount they compete with each other to lure businesses by reducing regulations, lower taxes, etc I think this is a loop that hurts regular people. Less regulation could open people to more risk and less ways to combat it. Lower taxes for businesses means that state funding must be made up with either cuts to services or higher taxes on people. I think Republicans will use these incentives and the federal government's power to push all the money to red states causing economic decline in blue states which they can then blame on the leaders of those states. I know this already happens but now that Trump is open to blackmailing states with funding because they aren't run by Republicans it will get worse
- jlarocco 1y ago
  Those are formulated as hypothetical statements and "what if" questions, but it already works that way in the United States.
  - Braxton1980 1y ago
    I meant what if it gets worse? I thought that was assumed. Corruption, tax inequality, and the use of political power to benefit business will always be present and therefore the amount is what's important. Every politician lies so that doesn't matter. What matters is what the lie about and how often it occurs. It's the same with corruption.
    - deleted 1y ago
      [deleted]
- dctoedt 1y ago
  > doesn't this cause a loop that hurts regular people? I've seen this described as "a race to the bottom."
- groundzeros2015 1y ago
  You can also choose which state you live on based on lifestyle preferences and risk tolerance.

Braxton1980 1y ago

What's to stop states from increasing the amount they compete with each other to lure businesses by reducing regulations, lower taxes, etc I think this is a loop that hurts regular people. Less regulation could open people to more risk and less ways to combat it. Lower taxes for businesses means that state funding must be made up with either cuts to services or higher taxes on people. I think Republicans will use these incentives and the federal government's power to push all the money to red states causing economic decline in blue states which they can then blame on the leaders of those states. I know this already happens but now that Trump is open to blackmailing states with funding because they aren't run by Republicans it will get worse

jlarocco 1y ago
Those are formulated as hypothetical statements and "what if" questions, but it already works that way in the United States.
- Braxton1980 1y ago
  I meant what if it gets worse? I thought that was assumed. Corruption, tax inequality, and the use of political power to benefit business will always be present and therefore the amount is what's important. Every politician lies so that doesn't matter. What matters is what the lie about and how often it occurs. It's the same with corruption.
  - deleted 1y ago
    [deleted]
dctoedt 1y ago
> doesn't this cause a loop that hurts regular people? I've seen this described as "a race to the bottom."
groundzeros2015 1y ago
You can also choose which state you live on based on lifestyle preferences and risk tolerance.