They can just continue to tax the hell out of tech firms because they aren't going to leave.
what's really happening here is states like CA and NY have overextended themselves for decades (and into the future). a draconian state tax hike forces their tax base to exit. they want a solve that won't destroy them, and they don't care what happens to the rest of the country.https://twitter.com/CNBC/status/1286306070441402368 …
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we shall see
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the US to an extent has racked up so much debt to pull forward future growth assuming it is certain when in reality the productivity growth of the 1970-2010 was an exception not the norm. capitalism & SV an isolated keeping us a float, we need to spread that model around the US
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Yup. And now imagine you're a citizen of FL or Texas and you know your federal tax money is gonna go to bailing out CA and NY. We got a problem...
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How much federal money goes to (and will go to) FL to bail them out of hurricanes and poor housing choices?
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We're a net donor state. We subsidize the rest of the country and this is their way of taking a bigger slice for their base. https://lao.ca.gov/Publications/Report/3531/2 …
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clearly obfuscates the point. more wealthy ppl in CA paying federal taxes, ergo we're a "net donor" for things like our giant military nobody wants but *everyone* has a stake in. we do not *all* have a stake in california's pension crisis. CA can pay for its own bad government.
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I'm watching San Francisco and California like this.pic.twitter.com/FjdqGQfHtk
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