Re:Oracle Moving HQ to Austin
by lotsofpulp on Friday December 11, 2020 @05:17PM
(#25392124)
It seems like we're saying the same thing, except that I am claiming it is unremarkable, or trivial. People with more resources have been outbidding people with fewer resources since forever, and whether they're from China or California or Kansas or the other side of town is irrelevant.
[ Parent
| on HN ]
If you think discussing the effects that people moving from CA to Texas has is irrelevant when we are literally in a thread specifically about the effects of people moving from CA to Texas, I dunno what to tell you.
Re:Oracle Moving HQ to Austin
by lotsofpulp on Friday December 11, 2020 @05:39PM
(#25392465)
That is true, I did lose sight of that. I think the more interesting statement would be California is exporting lots of high income / net worth people, which would prompt the questions of what causes CA to have lots of high income / net worth people, and what causes them to leave?
E.g. Are CA's policies more conducive to wealth creation, and then are people taking advantage of arbitrage opportunities elsewhere to guard that wealth?