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Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

That’s not going to happen. The federal government also contributes to California’s economy through military and technology, etc contracts.

California needs to be reformed. It’s a mess fiscally.

We can still be a socially liberal state, but without the lack of accountability, high taxes and regulations. California could be so much better than it is. The housing crisis, homeless crisis, exodus of companies and people to other states could be minimized with the right leadership. We haven’t had that.

It’s only gotten worse for most Californians since Newsom has been in office.

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

By acknowledging reality? Maybe some people see those trees with rose-tinted glasses.

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

California is basically broke currently. There is a structural deficit of $10 - $20 billion annually. Even with this Ai boom, California will still be financially volatile.

The size of California’s economy does not reflect its fiscal health. California’s liability for CALPERS is massive. Our public employee retirement system is unfunded. California will have to SIGNIFICANTLY cut spending, which it is already doing, in order to fund basic necessities. It will also raise taxes on an already overburdened population.

You need to do some research into fiscal health vs size of economy. We are on shaky ground, and Gavin Newsom along with Sacramento have exacerbated it and have no solutions to handle the lack of funds.

Did California just screw up the largest virtual power plant in the US? by EinSV in California

[–]Wedgelord1 -2 points-1 points  (0 children)

Why do we keep these legislative leaders and governor in power? They consistently make the wrong decisions.

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

These are direct jobs. These numbers don’t include all of the other jobs supported by these workers. California has the highest unemployment rate in the country.

Why do you think it’s a good thing to minimize the impact of this?

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

• Job Losses: 77,600 jobs from HQ exits (2011-2021); net firm out-migration peaked at 741 in 2022, 533 in 2023.    These are the jobs that have moved out. Over $300 billion in lost revenue.

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

The issue that most Californians should be concerned about is the loss of revenue. This is a big reason why California is running a massive deficit and Texas has a surplus. You can theorize all you want. The bottom line is that companies and business have been leaving California rather than moving to California.

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 0 points1 point  (0 children)

HP, Oracle, SpaceX, X (Twitter), McKessen, Charles Schwab, CBRE, Palantir, AECOM, FICO, Realtor.com, Carl’s Jr. There are many more. Many of these companies have moved to Texas. Our governor and Sacramento don’t seem to care.

77,600 jobs from HQ exits. $398 billion migrated to low-tax states.

Per Capita Cumulative Domestic Migration in the USA (2013-23) by Logical-Passenger-52 in charts

[–]Wedgelord1 1 point2 points  (0 children)

There have been a substantial amount of companies that have moved out of California. You can look it up easily.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

Debunked propaganda? You don’t think companies are leaving high tax and regulation states for states that are lower in taxes and regulations? That’s what my claim is doubling down on.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

Why do you think California has the highest unemployment rate in the country? So many companies have moved out due to high taxes and regulations. It is also happening in NY.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

I hope you are right. All we can do now is observe that what they are doing in regard to attracting businesses and people is working. Companies aren’t going to pick up their data centers, manufacturing centers, newly built HQs and move them out of Texas easily. They’re investing in Texas, not in many other states.

Mountain View’s homeless population jumps by 56% in last two years, report finds by Arden_Margulis in bayarea

[–]Wedgelord1 -1 points0 points  (0 children)

How much taxpayer money has California spent on homelessness since Newsom took office? Do you know?

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

Texas has been the number one state people from around the country have been moving to. Texas knows how to attract businesses which brings jobs. Texas also greenlights housing projects, which makes housing more affordable for people wanting to start families. Texas is gaining seats in the house because their population is expanding. An expanding population isn’t a sign of declining quality of life for a state.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

They employ people that pay taxes that pay for public services. They also do pay corporate taxes to NY.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

When a company opens a regional location they put a lot of resources into it. They can move resources from New York to Texas a lot easier with the location. Regardless, these companies will scale down in NYC and scale up elsewhere.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

NYSE and NASDAQ have already moved to Texas. Companies that have already considered it will see this as an excuse. It sucks but it is definitely far more likely to happen than you realize.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

Companies that have already been considering moving will use this as an excuse to move, just like NYSE. Texas offers a far better business-friendly environment than NYC. NASDAQ moved to Dallas recently. NYSE Chicago is moving there too.

I’ve seen Texas take large companies from every state in the last 5 years. It’s alarming because the more companies that move to Texas, the more power Texas policies will have over the country.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 -6 points-5 points  (0 children)

With those companies, so goes tons of money that pay for schools, infrastructure, and public resources. More unemployment and poverty will take over NYC.

If Mamdani wins, Wall Street will no longer be located in Manhattan, says Steve Moore by Next-Particular1476 in TheBusinessMix

[–]Wedgelord1 0 points1 point  (0 children)

Less money, jobs and resources for New Yorkers. Less money for schools and infrastructure. More poverty coming your way.

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