Toyota moving to Texas

NEW -> Contingent Buyer Assistance Program
Bye bye 115 year old California business…enjoy the jobs and tax base in Texas…😢👎🏽😡😡🦄🌈

World’s Largest Mozzarella Maker Shutting California Plant

The world's largest producer of mozzarella is closing one of its dairy plants in California due to the state's sky high operating costs.
One major factor likely driving the move is that California has a high corporate tax rate, while Texas's equivalent franchise tax is much less burdensome.
Additionally, California imposes higher payroll tax obligations on companies for things like unemployment insurance and disability insurance.

https://www.newsweek.com/leprino-foods-shutting-lemoore-california-plant-texas-layoffs-11254118
 
This is smart…🤦🏽‍♂️👎🏽😡🦄🌈

California billionaires threaten to leave state over proposed 5% tax on wealthy residents

The proposal would see a one-time five percent tax on the assets of residents in California worth more than $1 billion.

Some of California’s wealthiest residents are threatening to leave the state over a proposed tax that would impose a one-time five percent fee on assets of those in the state worth more than $1 billion.

Among those considering the move are tech venture capitalist Peter Thiel and Google co-founder Larry Page. Page, who is a longtime resident of Palo Alto, has reportedly discussed leaving the Golden State by the end of the year, two people briefed on the talks told the New York Times. Three limited liability companies associated with Page filed earlier in December to incorporate in Florida.

Palmer Luckey, cofounder of defense tech startup Anduril, has said that such a tax on billionaires would force "founders like me to sell huge chunks of our companies to pay for fraud, waste, and political favors for the organizations pushing this ballot initiative."

The ballot proposal is backed by the Service Employees International Union–United Healthcare Workers West. The five percent tax would apply to a wide range of assets, including stocks, real estate, artwork, and even intellectual property rights. To qualify for the statewide ballot, the union must collect roughly 875,000 voter signatures. California is home to an estimated 255 billionaires, more than any other US state.

Lucky continued, "I made my money from my first company, paid hundreds of millions of dollars in taxes on it, used the remainder to start a second company that employs six thousand people, and now me and my cofounders have to somehow come up with billions of dollars in cash. And if we can't, the state is going to seize my home and garnish my wages for the rest of my life. One market correction, nationalization event, or prohibition of divestiture (not at all uncommon during wartime) and I am screwed for life."

https://thepostmillennial.com/calif...tate-over-proposed-5-tax-on-wealthy-residents
 
irvinehomeowner said:
I saw a giant Anduril campus just go up in Santa Ana. They are not going anywhere.
Click to expand...
I actually know that kid. He grew up in the LBC. I attended his wedding. He no doubt would move out of state if that tax is ever really implemented. He has a great house in NB that Trump fund raises at whenever he is in town.😂😂😂👍🏽🇺🇸
 
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