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submitted 6 months ago by lautan@lemmy.ca to c/technology@lemmy.world

The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

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[-] moitoi@lemmy.dbzer0.com 175 points 6 months ago

some of the Californians who moved here during the pandemic realized they had traded Edenic weather for 110-degree summers and no income tax, and they decided that the income tax wasn’t that bad

People discovering what the state provide isn't free.

[-] hperrin@lemmy.world 116 points 6 months ago* (last edited 6 months ago)

Also, just because Texas doesn’t have income tax doesn’t mean you don’t pay taxes. Your taxes come from other places, like property tax, and they don’t provide you with a great living experience like they do in California.

[-] wjrii@lemmy.world 63 points 6 months ago

The article even addresses this. Texas Monthly in general is a good gauge of the "44%" of Texas that isn't crazy, or at least is crazy in the silly fun way.

Meanwhile, Texas is not a low-tax, low-service state, as is commonly held. It’s a high-tax, low-service state: we may have no income tax, but at least one study found that we have one of the ten highest total tax burdens in the nation, with property taxes making up most of the gap. The quality of state services, however, has not improved commensurate with the growth of state budgets.

[-] Bonskreeskreeskree@lemmy.world 19 points 6 months ago

Toll the shit out of anyone trying to go highway speeds

[-] scarabic@lemmy.world 11 points 6 months ago

I’m in CA and while state taxes exist, they are a really small part of the taxes I pay. It’s such a small amount, i can’t imagine anyone moving to motherfucking Texass to escape them. Unless they already want to go.

[-] hperrin@lemmy.world 15 points 6 months ago

It’s the CEOs that want to go. They try to drag everyone else with them. Then when half the talent doesn’t go, and they can’t find enough talent there, they realize why they were in California in the first place.

[-] moitoi@lemmy.dbzer0.com 5 points 6 months ago

Isn't Texas built on the same letters as taxes? They need money to run the state or print it (what is a bad idea anywhere).

Texas promotes itself with the no income taxes, but what the state provide afterward is another story. People believe in the argument and discover the reality. Your neighbor backyard isn't greener. If you cut a tax, you either take the money somewhere else or cut your expense. People discover that paying taxes provides some benefits...

[-] jkrtn@lemmy.ml 21 points 6 months ago

Libertarians discovering reality is such a great genre.

[-] phoneymouse@lemmy.world 19 points 6 months ago* (last edited 6 months ago)

Also, property tax is really high in Texas and unlike California, you aren’t shielded from spikes in property value greatly increasing your property tax burden.

I believe it’s to a degree that the average tax burden is actually higher in Texas than California.

[-] frazorth@feddit.uk 2 points 6 months ago* (last edited 6 months ago)

But are they all moving back to California?

Last I heard was most are going to Nashville which has absolutely terrible traffic and infrastructure, soaring land costs and pushing 100 degrees, arming teachers, arresting folks for DUI even if you've not had a drink. Weather has absolutely nothing to do with any of the decisions because the CEOs don't go to the office. It's all about the latest city tax break.

It's weird that people are talking this up like anything Texas has done would cause this. The people in charge don't give a shit about you, they don't give a shit about you living in 110 degrees weather, and they certainly don't give a shit if you die because of a pregnancy complication.

this post was submitted on 27 Apr 2024
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