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Well, thats always been just a fear mongering talking point. People love to stoke fear. I was working in NYC one time and I met an African American girl who said shed never visit Texas because they hate black people and shed surely be killed. By the same token some people in conservative places try to vilify California the same way some liberals try to vilify Texas.
I am skeptical of some of the policies in California. Dont get me wrong, they work fine there but I dont know if they would work elsewhere. Two reasons:
1) California is incredibly popular, sought after, and has an amazing reputation for vacationers and in pop culture.
2) California dominates two very popular industries: tech and entertainment.
Frankly, if you put California's economic policies in a place like Oklahoma, it would probably be a wasteland. But because California is so special, it will always be sought after no matter the policies they enact.
And yet the black population is growing immensely more in Texas than California so using anecdotes is fun, but not useful. Black people basically don't exist in LA and SF anymore.
Well as I said before, Raleigh is unique among all top 100 cities in that the physical city is in 2 different metros. Actually that isn’t quite true as Durham is also located in 2 different metros. Any comparison with other places needs to take that into account. In a thread perfect for such granular analysis, you still fall back on bad logic. That somehow Raleigh and Durham physically moved away from each other in 2003 when a clerical paper was moved from one pile to another in DC.
I get what murk is saying, but it seems that the better argument on your part would be that the GDP figure for the Raleigh MSA doesn't tell the whole story because RTP essentially serves as the CBD for the entire Triangle but because the vast majority of the park is located in the Durham MSA, it gets a bigger chunk of the GDP generated at the park. The Triangle is very unique in this sense in that it had a regional primary jobs hub intentionally built between two of its largest cities.
A county-to-county comparison would be a better gauge of how Raleigh and Richmond stack up to each other but Virginia with that whole independent city setup makes that very difficult. In any case, we're left to read and calculate between the lines with the metrics that are available to us.
This kinda goes back to the point we were talking of earlier about small businesses and high cost environments. There are two types of small businesses:
1) Those whose customer base is within the area the business resides.
2) Those whose customer base is not geographically defined.
For those who operate a business that caters to the local population, they can set up anywhere and be fine. If I open up a small business in the financial district in SF, I can use my prices to cover up the cost of operation. Given that people make more money and everything costs more there, its quite easy. However, if I open up a small business in SF and my customer base is outside SF, why would I put it there in the first place. I could set it up in North Dakota and receive the same revenue and have a fraction of the cost of operation.
But for the latter, most of those types of businesses would simply incorporate in a state like Delaware or Nevada because of their relatively low threshold requirements to incorporate there AND no corporate tax rate. You can be nearly anywhere with that in mind.
You’re talking strictly about overhead at that point and yeah, I’d agree with you if that’s the major concern. But the businesses you're describing sound like online businesses, like ones that sell goods over the internet. It doesn't really matter where you are at that point.
However, just as an aside, I encourage everyone to incorporate. Not enough people take advantage of LLC’s out there or they are misusing it. That’s how I try to keep my taxes down
Last edited by Bubb Rubb; 12-13-2019 at 11:20 AM..
And yet the black population is growing immensely more in Texas than California so using anecdotes is fun, but not useful. Black people basically don't exist in LA and SF anymore.
You have a point with SF but not so much with LA or southern CA generally. At any rate, I think you missed the point of the use of such an anecdote.
Here is the five-year real GDP per person change by MSA between 2013-2018 (I did over 700,000 because I was interested in seeing where Akron fit in).
For example, San Jose's GDP per person in 2013 was $111,966; in 2018 that went to $165,583. I subtracted the 2018 number by 2013 to get the per person increase of $53,617 (I used American Fact Finder's 5-year MSA estimates to get the yearly populations). This doesn't take cost of living into consideration, but it does add a layer of perspective.
I also am hoping to do it by CSA, though since it doesn't appear that 2018 CSA population estimates have been released, I would have to add up the estimates for each individual county in each CSA, which will be a lot of work.
1. San Jose: +$53,617
2. San Francisco: +31,232
3. Seattle: +20,794
4. Boston: +17,336
5. New York: +16,367
6. Los Angeles: +16,228
7. Salt Lake City: +14,540
8. San Diego: +13,683
9. Portland: +13,357
10. Denver: +12,930
That's because the most recent major economic developments affecting these places haven't even gotten off the ground yet.
I agree with that. In the time that it takes for them to come into fruition, I don’t think Atlanta will be resting on its laurels. And looking back in hindsight, maybe dominant is the wrong word. It’s just the sheer size of economic output of Atlanta vs the others is the very point I and other were trying to make in that disastrous Nashville thread earlier this year. Competition gets stronger but the gap remains and looks to be growing. I’m happy for all of the Southeastern metros even if I am pissed at SunTrust for being gobbled up by BBT.
I get what murk is saying, but it seems that the better argument on your part would be that the GDP figure for the Raleigh MSA doesn't tell the whole story because RTP essentially serves as the CBD for the entire Triangle but because the vast majority of the park is located in the Durham MSA, it gets a bigger chunk of the GDP generated at the park. The Triangle is very unique in this sense in that it had a regional primary jobs hub intentionally built between two of its largest cities.
A county-to-county comparison would be a better gauge of how Raleigh and Richmond stack up to each other but Virginia with that whole independent city setup makes that very difficult. In any case, we're left to read and calculate between the lines with the metrics that are available to us.
Thank you for again clarifying what I have trouble intellectualizing in text...
Thank you for again clarifying what I have trouble intellectualizing in text...
It’s a gift he uses often.
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