Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
morekaos said:
Most importantly the income, tax revenue and investment IS, all the while more takers flood in.  Socialism is great...till you run out of other peoples money.  These are native Californians who would and have paid their state taxes in the past.  They would again, if the burden was not so "unfair" and onerous. Others I also know have simply fled in order to escape.
Click to expand...

Show me a link where a significant amount of money has left? I'm pretty sure tax dollars are the same or higher than previous years.

For every business that leaves, more move in, and the ones here, just make more money.
 
All the more reason to dump income tax and replace it with property tax and sales taxes on all titled property, financial instruments and cash accounts.
 
nosuchreality said:
All the more reason to dump income tax and replace it with property tax and sales taxes on all titled property, financial instruments and cash accounts.
Click to expand...

Like Florida?
 
Stating the obvious or a post mordem confession

California lacks a job-friendly economic policy

One California bid made Amazon?s list of 20 finalists, something that probably would not have happened if Gov. Jerry Brown had not written a letter to Amazon CEO Jeff Bezos promising a long list of incentives, breaks and assistance.

It reads like a confession of everything California is doing to kill businesses.

It?s a useful list for the next governor, and for anyone who wonders why there?s no gold rush of businesses moving to California.

State lawmakers should be studying that list and talking to business relocation specialists about how to make California an attractive destination for companies seeking to expand. Instead, current proposals in the Legislature seek to increase taxes and regulatory burdens further.

https://www.ocregister.com/2018/04/07/california-lacks-a-job-friendly-economic-policy/
 
More good news...

800,000 people are about to flee New York and California because of taxes, say economists

800,000 people will leave New York and California over the next three years due to the new tax bill, conservative economists Arthur Laffer and Stephen Moore said in an op-ed in the Wall Street Journal.
Other economists dispute this finding, say there is no connection between taxes and migration.
These economists claim high-tax states will likely generate more wealth than they lose.

https://www.cnbc.com/2018/04/26/800000-people-are-about-to-flee-new-york-california-because-of-taxes.html
 
Looks like the majority that are leaving are with annual income under $50k and the majority of those move in are with high income of $100k or more.
https://www.marketwatch.com/story/w...rices-the-california-exodus-surges-2018-05-03

MW-GI343_ca_mig_20180501170723_ZH.jpg
 
lnc said:
Looks like the majority that are leaving are with annual income under $50k and the majority of those move in are with high income of $100k or more.
https://www.marketwatch.com/story/w...rices-the-california-exodus-surges-2018-05-03

MW-GI343_ca_mig_20180501170723_ZH.jpg
Click to expand...

This is how pricing acts as a sorting mechanism in economics.  Only those who can afford real estate (own or rent) are moving in, and those who can no longer afford it are leading the charge out.

I've seen it in my personal life:

Outmigration~
-my renters of 7 years that combined maybe made $100k (moved to Oregon)
-two different couples of friends where the husbands have blue collar professions and the wives have service/teaching jobs (moved to Oregon and Texas)
-cousin who wants to stay home with the kids and live in a 3,500 sqft house, while her husband works as a college professor (moved to Kansas City)

In-migration~
-The only people I can think of are coworkers and industry contacts that make VP-level salaries of $130k-150k (migrated in from Texas)
 
A slightly different picture from CA Legislative Analyst's Office http://lao.ca.gov/LAOEconTax/Article/Detail/265

956


And the income breakdowns in those.  Looks like high income in migration is from other high tax States.  Second look that isn't right.  Interesting overall migration from New York, Illinois.    Although it does look like New York in the $200K grouping is darker than the overall $200K grouping.  Maybe all the other cancel out and New York floats the bracket.

958


And by age

959
 
Liar Loan said:
lnc said:
Looks like the majority that are leaving are with annual income under $50k and the majority of those move in are with high income of $100k or more.
https://www.marketwatch.com/story/w...rices-the-california-exodus-surges-2018-05-03

MW-GI343_ca_mig_20180501170723_ZH.jpg
Click to expand...

This is how pricing acts as a sorting mechanism in economics.  Only those who can afford real estate (own or rent) are moving in, and those who can no longer afford it are leading the charge out.

I've seen it in my personal life:

Outmigration~
-my renters of 7 years that combined maybe made $100k (moved to Oregon)
-two different couples of friends where the husbands have blue collar professions and the wives have service/teaching jobs (moved to Oregon and Texas)
-cousin who wants to stay home with the kids and live in a 3,500 sqft house, while her husband works as a college professor (moved to Kansas City)

In-migration~
-The only people I can think of are coworkers and industry contacts that make VP-level salaries of $130k-150k (migrated in from Texas)
Click to expand...

That is very interesting, so who will be left in CA for the lower paying service jobs (retail/hotel/teachers) and blue collar jobs?
 
USCTrojanCPA said:
Liar Loan said:
lnc said:
Looks like the majority that are leaving are with annual income under $50k and the majority of those move in are with high income of $100k or more.
https://www.marketwatch.com/story/w...rices-the-california-exodus-surges-2018-05-03

MW-GI343_ca_mig_20180501170723_ZH.jpg
Click to expand...

This is how pricing acts as a sorting mechanism in economics.  Only those who can afford real estate (own or rent) are moving in, and those who can no longer afford it are leading the charge out.

I've seen it in my personal life:

Outmigration~
-my renters of 7 years that combined maybe made $100k (moved to Oregon)
-two different couples of friends where the husbands have blue collar professions and the wives have service/teaching jobs (moved to Oregon and Texas)
-cousin who wants to stay home with the kids and live in a 3,500 sqft house, while her husband works as a college professor (moved to Kansas City)

In-migration~
-The only people I can think of are coworkers and industry contacts that make VP-level salaries of $130k-150k (migrated in from Texas)
Click to expand...

That is very interesting, so who will be left in CA for the lower paying service jobs (retail/hotel/teachers) and blue collar jobs?
Click to expand...

illegal aliens and "dreamers"
 
Kings said:
Liar Loan said:
irvinehomeowner said:
Chipotle moving *to* California:
https://www.bizjournals.com/losange...potle-to-move-headquarters-to-california.html

Nearly a quarter century after its founding in Denver, Chipotle Mexican Grill is moving its headquarters to Newport Beach, California.
Click to expand...

(thanks qwerpotle!)
Click to expand...

The article hints that they are looking to poach talent from Taco Bell's HQ.
Click to expand...

Burritowars: SoCal Salsa
Click to expand...

Let?s get it on!  ;)

Del Taco HQ (Lake Forest)
 
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