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A comment on Sputtering Startups Weigh on U.S. Economic Growth. Parent comment

Re:Sputtering Startups Weigh on U.S. Economic Growth by dmix on Monday October 24, 2016 @03:43PM (#12782133)
All of our smart entrepreneurs go to Silicon Valley where the money and other talent is? I live in Toronto and can't count the number of friends I've know who moved to either SF or Seattle. The only reason I didn't move there was because I didn't have a 4yr "advanced degree" to qualify for a T1 visa (despite having a job + lawyer). Most leave right out of university. Considering jobs are $60-70k vs $150-200k I don't blame any of them.

Otherwise I believe it's a pretty good place to start a company. Our income taxes are equivalent to California and I believe our corporate taxes are lower but we have health care and relatively cheap housing downtown thanks to a housing development boom.

We also have a startup founder visa and an easier immigration policy. Access to seed capital and higher-end talent is the only constraint.

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Re:Sputtering Startups Weigh on U.S. Economic Growth by intrasight on Monday October 24, 2016 @04:13PM (#12782416)
But people moving to take jobs aren't people moving to start companies. I lived in Toronto in the late '80s and found it to have a pretty decent startup culture. My wife worked for Alias at the time.
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Re:Sputtering Startups Weigh on U.S. Economic Growth by jtmcmc on Monday October 24, 2016 @05:07PM (#12782907)
I don't understand why there is such a huge salary difference between Toronto and SF. I'd love to move to Toronto but really don't want to take that huge salary hit.
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Re:Sputtering Startups Weigh on U.S. Economic Growth by hash-set on Monday October 24, 2016 @07:34PM (#12783866)
You should see how much the Canadian government taxes you before you do anything.
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Re:Sputtering Startups Weigh on U.S. Economic Growth by mahyarm on Monday October 24, 2016 @10:57PM (#12784922)
It's about even from the personal income tax side in california. Companies don't pay for healthcare so that 'tax' is gone. I don't think there is much of a difference past that.
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