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Re:Tech elites leaving San Francisco threaten Silicon Valley... by cltby on Monday December 07, 2020 @07:10PM (#25339615)
But their success has very little do with the tax burden imposed on them by the state of California (c.f. any number of Seattle-based companies).
Re:Tech elites leaving San Francisco threaten Silicon Valley... by tempsy on Monday December 07, 2020 @07:34PM (#25339848)
I don’t know what you’re getting at but it isn’t my point.

And the other way to look at it is California is expensive because the opportunity to become rich is greater here than elsewhere.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by dcolkitt on Monday December 07, 2020 @09:53PM (#25341106)
Florida and Texas both have comparable numbers of billionaires, and aren't crazy expensive.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by shuckles on Monday December 07, 2020 @11:01PM (#25341610)
Both have a considerably lower number billionaires (2-3x) per capita, and the Florida number should be investigated to see where the money was earned. (What’s the per capita billionaire rate of, say, Monaco or St. Tropez? Is that meaningful?) It’s certainly a nice place to retire to, as evinced by Keith.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by cltby on Monday December 07, 2020 @08:06PM (#25340197)
> I don’t know what you’re getting at but it isn’t my point.

I can't tell if you're upset by their disingenuousness, or by their refusal to give a cut to the state. If the former, I sympathize. But it mostly seems to be the latter. The obvious rejoinder to which: why should they feel so eager to fork over their money to an institution that did ~nothing to contribute to their success?

> California is expensive because the opportunity to become rich is greater here than elsewhere

Your statement only explains the e.g. high housing costs. The tax question is orthogonal.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by rconti on Monday December 07, 2020 @08:01PM (#25340155)
... so what you're telling me is, Washington has a very low tax rate and few people who complain about their overall tax burden?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by cltby on Monday December 07, 2020 @08:11PM (#25340261)
My comment is a reply to this: "To blast the Bay Area and state which made them rich and then flee before they owe a penny is gross."

It's not gross to minimize your obligations towards people who have done nothing for you. Seattle is the relevant counterfactual: flourishing tech scene without the punitive tax burden that we're supposed to believe enabled California's success.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by tempsy on Monday December 07, 2020 @08:46PM (#25340584)
Seattle’s tech scene consists of two giant tech companies that started in the 80s and 90s and the satellite offices of California HQ’d companies.

It’s a lot of cogs. There is no comparison when it comes to startups created in, say, the last 10 years or so.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by malandrew on Monday December 07, 2020 @09:01PM (#25340718)
In the earlier days, Silicon Valley also had had satellite offices from some of major tech companies on Route 128. It was the minicomputer that upset this state of affairs.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by rconti on Tuesday December 08, 2020 @11:10AM (#25347115)
Your comment is dripping with opinion and utterly devoid of any attempt at supporting evidence.

I've lived both places. Seattle is not a low-tax paradise, nor are tax dollars completely and utterly squandered in California.

It is gross how, the more money one makes, the more entitled one feels to not have to give a dime back. It's a game to them.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by cltby on Tuesday December 08, 2020 @01:48PM (#25349675)
> Seattle is not a low-tax paradise

Excepting special situations for certain PR and USVI residents, Washington state is as close to a tax haven as a US citizen is going to find.

> nor are tax dollars completely and utterly squandered in California

This depends on what you think the dollars should be used for. Most taxpayers would like to see their taxes used for provision of public services, and not in service of a vast public employee enrichment scheme. From this POV, the money is in fact squandered.

> It is gross how, the more money one makes, the more entitled one feels to not have to give a dime back

It's less about greed and more about abuse of generosity. See prior point.