People Who Moved To Texas From California Finally Feeling At Home Now That Power Is Out

Buy1Sell2 said:
Please get yourself into the present. In addition, your leftist proclamations and beliefs are anti-American and disregarded with extreme prejudice.
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So you probably should stop the lie and put me (back?) on ignore, you fraud.
 
destriero said:
"We Moved To Texas From California"

Said nobody, ever.
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Except the people and companies that did.:) For example,
https://www.thecentersquare.com/tex...cle_8e2f83cc-161d-11ea-8869-576046d73239.html
Texas No.1 destination for companies leaving California for last 12 years

Nate Hovee | Shutterstock.com


Texas held the No. 1 rank for attracting California companies – which has been the case every year for 12 years, according to a report by Spectrum Location Solutions. Roughly 660 California companies moved 765 facilities out of state in 2018 and 2019.

"California companies leave because the state's business climate continues to worsen, particularly with the harsh employment, immigration and spending measures that Gov. Gavin Newsom has approved," said Joseph Vranich, the author of the study. "I foresee more exits because California politicians have a level of contempt for business that has reached epic lows."

With no state income tax or corporate income tax, Texas continues to draw businesses from overtaxed California.


Texas held the No. 1 rank for attracting California companies and was followed by Arizona, Tennessee, Colorado and Nevada.

At least 22 California counties suffered losses, with San Francisco losing the most followed by Los Angeles.

"The decline in livability is reflected in surveys that show about half of all Californians are thinking about leaving the state, a number that grows to 63 percent of millennials," Vranich said.

The report comes on the heels of Charles Schwab's announcement he is moving his San Francisco headquarters to the Dallas-Fort Worth area. Its $26 billion deal to acquire TD Ameritrade is expected to be completed in 2020 and take an estimated 12 to 36 months to fully integrate both firms.

Schwab's new Dallas-Fort Worth campus will cost about $100 million and cover 70 acres with 500,000 square feet of office space.


The Wall Street Journal explains the difference between doing business in California and Texas.

"The Lone Star State imposes a 0.75% franchise tax on business margins (total revenue minus compensation), which is substantially less than the corporate tax rates in California (8.84%) and Nebraska (7.81%), where TD Ameritrade is currently headquartered," the Wall Street Journal reported."The city of San Francisco also imposes a 0.38% payroll tax and a 0.6% gross receipts tax on financial service companies."

"Texas has no individual income tax, while the top rate on income and capital gains in California is 13.3%, and the Lone Star State's housing and energy costs are substantially lower," the Journal adds."The average monthly rent in San Francisco is $3,870 compared to $1,200 in Dallas. Schwab workers and executives can have a higher standard of living, and more after-tax income, at the same salaries."

Earlier this year, Core-Mark became the 23rd Fortune 500 company to move its corporate headquarters to the Dallas-Fort Worth region. Moving from San Francisco, the company said Dallas offers more favorable operating costs, lower taxes and a central location for Core-Mark’s nationwide business.

The Dallas-Fort Worth region has the third highest number of Fortune 500 headquarters in the U.S., behind New York City and Chicago.

One of them, Toyota Motor North America, relocated its Torrance, California headquarters and 3,000 jobs to Plano in 2017. Toyota also selected San Antonio over nine other U.S. plants this fall to invest $391 million in expanding its assembly plant.

According to new data from the Bureau of Labor Statistics, two Texas metro areas reported the largest over-the-year employment increases by number of jobs and percentage in October 2019: Dallas-Fort Worth-Arlington (98,700 jobs) and San Antonio-New Braunfels (3.4 percent).

In total, Texas is home to 49 Fortune 500 companies including ExxonMobil, AT&T, Sysco and American Airlines, and more than 1,400 foreign companies including Toyota, BAE Systems, Siemens and Shell Oil and 2.4 million small businesses, according to the Texas Economic Development Corporation. Texas also has the second largest civilian workforce in America, totaling 14 million people.
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https://www.investopedia.com/why-silicon-valley-companies-are-moving-to-texas-5092782
Why Silicon Valley Companies Are Moving to Texas
They are fleeing high taxes, expensive housing, and governmental regulations

By JEAN FOLGER
Updated Dec 17, 2020
TABLE OF CONTENTS


Silicon Valley’s mild climate, educational opportunities, and job prospects have attracted workers for more than a century and helped turn the area into the tech industry’s epicenter. However, its center-of-the-tech-universe status may be fading. Here’s why.


KEY TAKEAWAYS
  • Silicon Valley has been the epicenter of the tech industry for decades.
  • High housing costs, high tax rates, and strict regulations have made it challenging to live, work, and do business in the area.
  • More tech companies are opting to move operations to Texas and other states with lower costs of living and more-favorable tax laws.
  • Oracle and Hewlett Packard are among the tech giants who have recently announced plans to move their headquarters to Texas.
success with work-from-home models during the COVID-19 pandemic, many CEOs are opting to leave California in search of lower real estate prices, better tax laws, and fewer restrictions.


as reported by CNN Business. “That’s where people want to be. I think 2020 has taught us all that we have more choice when it comes to where we live.”


spokesperson Deborah Hellinger told CNN.
  • 8VC—The venture capital firm, run by Palantir co-founder Joe Lonsdale, is moving its headquarters from Silicon Valley to Austin.6 “It’s just become really obvious that there are a lot of places to build around the country, not just Silicon Valley, due to cost of living, talent, and all sorts of other things, culture, and what not,” Lonsdale told the Austin American Statesman in November.
  • FileTrail—The company, which makes records management software for law firms, moved from San Jose to Austin earlier this year.7

  • DZS Inc.—The telecommunications equipment firm announced earlier this year plans to move its headquarters from Oakland, Calif., to Plano, Texas.8
  • QuestionPro—In January 2020 the online survey software firm announced its move from the Bay Area to Austin.9

Some CEOs are moving to Texas, too, as reported by TheInformation.com, a website that covers the technology industry.


  • Drew Houston—Dropbox CEO Drew Houston has bought a home in Austin, which will become his permanent residence.
  • Douglas Merritt—Splunk CEO Douglass Merritt recently bought a home in Austin, with plans to make it his permanent residence.
  • Elon Musk—Tesla is building a large factory near Austin. Its CEO, Elon Musk, announced in late 2020 that he had moved from California to Texas to be near the facility.10
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As more and more people from California move to red states like Texas and Arizona, they are bringing their extreme liberal values with them and electing extreme liberal politician Democrats and or RINOs. One has only to look at Oregon and Washington and how badly it is now in those states with huge numbers of extreme liberal Californians moving to those states. Now, it would not matter if the Californians moved to New York, New Jersey and Michigan because those are already extreme liberal states run by extreme liberal Democrat politicians. However, for red states like Arizona and Texas, you should be concerned when tens of thousands of extreme liberal Californians move to your states. I am willing to bet those suffering from power outages have elected extreme liberal Democrats and RINOs into public office. How else can you explain a 100% green policy relying only on wind turbines to provide your electricity? Shades of California politicians making inept and incompetent decisions. Take note, green energy is very expensive and there is not enough of it to become sustainable. You only have to look at California itself for that. Californians will ruin Texas and Arizona if they have not already. Never vote for extreme liberals running for public office be it a Democrat or RINO, no matter what state you live in. You have been warned.
 
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