Debunking right wing lies: The rich don't move because of taxes.

[Curmudgeon]

Originally Posted by expatCA

They are also in denial.

You know the old; "There is no better place on earth than California". Not that way anymore. I am looking at the potential need to sell my property, close my office, lay off any worker who can't move, and open a new office in another State. It is either make money or move. Certain ones think business make sooo much money they can afford to be taxed higher and higher and higher ... and it ain't so.

Having owned a small business in California, I can sympathize. What may look good on paper doesn't always pencil out into what goes into your bank account. The more the state takes, the less attractive a business and providing jobs for others becomes.

[TrueTimbers]

Originally Posted by oldtrader

Companies do such actions, when they put huge taxes that eat up the profits to the point they have to look for ways to beat the tax problem. Without profits people will not put in or expand businesses to provide jobs for the less fortunate. Companies are leaving the state and even country due to they can leave a city like Los Angeles and move to Texas as an example and cut their operating costs by 40%. That 40% means they can compete with other countries, and other lower cost states. It may very well mean the difference between making a profit, or taking a loss. It can be the difference between staying in business, or going bust. Taxes and the cost to do business, are what is driving one company out of the state every working day. Raise either one very much, and suddenly there could be two or more leaving every working day, and one of the companies leaving may be your job.

Tariffs lead to Tariff fights between countries. Our exports are what is keeping the unemployment rate like it is. Get a good tariff fight going, and we would have 20% unemployment in this country. Our exports are what is keeping the country going as well as it is.

According to Wall street, someone is still making a profit, record profits that is.... Historical high profits... Liquidity is the problem, they are hording the profits, and not reinvesting them back into the system... IMO this fact of the day shoots down your thesis.. Still don't buy it... Trying to compete with some third world hell hole with no society, just some factory in a jungle, with the workers living in huts, does not sound like that is where we should go...

I hear you on the tariffs though... My thoughts are to only penalize those that leave, or reward those that manufacture in the state/country... Either way...again, taxes are simply a lever to control the machine..

We had 8 years of doing it your way... It crashed the system... Keep thinking...

[Ultrarunner]

The talk amongst business owners I know were all about taking a wait and see attitude till the election...

Now that the election is over... some are having to come up with a new plan.

[oldtrader]

The plans are the reason it costs more than twice as much to rent a truck to move from California to Texas as it does to rent one to move from Texas to California. They have to get those trucks back to California to supply all the people that are moving out of the state, they are drastically cutting the price if they can find anyone that will move to California or other reason to get the trucks there.

With the new taxes, over the next few months expect the Texas to California rates to get real cheap.

[Ultrarunner]

Originally Posted by oldtrader

The plans are the reason it costs more than twice as much to rent a truck to move from California to Texas as it does to rent one to move from Texas to California. They have to get those trucks back to California to supply all the people that are moving out of the state, they are drastically cutting the price if they can find anyone that will move to California or other reason to get the trucks there.

With the new taxes, over the next few months expect the Texas to California rates to get real cheap.

I know a person that moved from Seattle to Santa Clara and the U-haul was next to free... he thought they had made a mistake.

Don't think much of U-haul... I do, however, think they are are an excellent indicator of economic activity.

Never been to Texas outside of the airports.. have friends that moved there and say they are never coming back.

I've often liked Nevada and Nevada has been getting a fair number of Californians.. both retired and not.

Washington is interesting too... it would be just about perfect if I-747 would not have been tossed by the court...