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While I do agree that people tend to ignore the "normal" people who wil lbe impacted by this: The reason many of those wealthy individuals are wealthy exists in other states. If they are given the ultimatum of "Get the fuck back in the US or we are claiming spacex" then they very rapidly are "punished".
That said: the "Texas is really purple" argument holds a lot less water than people tend to claim. Ever since 2020 (really before it, but that was the big push) there has been a strong push for "democrats" to move to Texas. Because... it is so much cheaper because they aren't paying for social infrastructure and they get a lot of the NIMBY benefits while pretending they are "good people". LOTS of DINOs. They might not be full alt-right magats but there is a reason that the blatant gerrymandering and voter disenfranchisement doesn't have much pushback.
That isn't to say that there aren't large numbers of people in Houston and the like who just have no mobility and are increasingly worried they will literally become slaves. But also understand that places like Austin would very much vote for a "moderate Bush-era republican" if the option arose.
Sure, that hurts Elon Musk. I would be interested to know how many of the Republican politicians in red states actually have a majority of their wealth and assets in blue states. Sanctions have to hurt the people in control of the red state governments to even be worthwhile.
I'm not convinced this disqualifies them from our sympathy if a hypothetical secession attempt by their state government causes them undue misery. I've been looking into people moving to Texas.
This is one of the articles I found. It seems like most of the people moving to Texas are going to vote Republican. I would like to read the articles you've seen on the topic as I couldn't find much on Democrats moving to Texas other than this one. At the end it mentions one family moved to Austin and they seem progressive. It's an interesting demographic shift regardless.
Again I don't have a lot knowledge about Democrats in Texas. It seems like if that were true they would run some neo-conservatives that were like Bush. These are the candidates that the Democratic Party is fielding against Ted Cruz in Texas.
They seem progressive, on the surface anyway. Especially this guy:
I would interested to read any polling date or news articles you've seen about it to be more informed on this.