Did you ever read the book Atlas Shrugged written by Ayn Rand ??
I’ve read it 3 times, each time I learn something new that applies today....
In some respects the fiction of the book is playing out in real life....
The producers are in many cases running away from CA and NY, others places as well....
Texas is slowing becoming the new silicon valley.....and Florida is becoming the new Wall Street....
I don’t see these trends revering anytime soon.....
Government Services and Pensions are not going to be cut and the tax bases are collapsing...
Police Departments are being defunded and marginalized and crime is exploding....
These cities and probably some states need to be financially broken, when as Margaret Thatcher said, eventually you run out of other people’s money....
The stress needs to be so great that people eventually say no more and change course politically...hopefully for the better
That’s what I mean by fail spectacularly...
We are seeing Atlas Shrugged play out in real life, there isn’t a single John Galt or Galt’s Gulch, but it’s happening IMO....
“Did you ever read the book Atlas Shrugged written by Ayn Rand ??”
Not a big fan of Rand as she was a huge admirer and advocate for socialistic liberalism. Rand advocated reason as the only means of acquiring knowledge and rejected faith and religion. She supported rational and ethical egoism and rejected altruism. In politics, she condemned the initiation of force as immoral and opposed collectivism and statism as well as anarchism, instead supporting laissez-faire capitalism, which she defined as the system based on recognizing individual rights, including property rights. She was sharply critical of most philosophers and philosophical traditions known to her, except for Aristotle, Thomas Aquinas and classical liberals. She was the classic case of those that were in open conflict with the Constitution and all that represented its ideology. She was the “get yours and to hell with everyone else type of person.”
“Texas is slowing becoming the new silicon valley...”
Like I said, until enough people get hungry enough, nothing will change and California has been replacing intelligent people with uneducated work for anything illegals for over 80 years. The voting numbers don’t change and the happy with anything people stomp to the voting booths.
As for Silicon Valley, The Silicon Valley exodus is driven by a number of factors, taxes and the cost of living being two main reasons,” Elizabeth Edwards, founder of H Venture Partners, a VC firm based in Ohio said. “California’s state tax has become untenable for a lot of millionaires,” she added. “And they will continue to make informed financial choices.” Texas offers a business-friendly climate—with no corporate income tax and no personal income tax.
There are, however, 5 states that have adopted the millionaire taxes: California, Connecticut, Maine, New Jersey, New York. Washington D.C, also, but it is not a state. In the future, these will be the first of the true third world country states. California is already well on its way.
Your wall street info is really correct mainly because south Florida, especially Miami, has been targeting firms with sweet deals and promises to relocate. And it all comes down to money through state and local tax changes.
People moving to the Sunshine State saved a good deal of cash with those moving to Florida with incomes of $100,000 saved $24,649 by moving. “Higher earners also benefit by moving to Florida,” Codina Partners noted. Someone earning $200,000 can save $49,509 by moving to Florida while those earning $1 million can save $235,197 by moving to the Sunshine State. Though Miami is more liberal than most of the rest of Florida when it comes to politics and taxation, changes to the tax laws have “created a great opportunity.”
“Government Services and Pensions are not going to be cut....”
No, but they are going to be re-taxed in time. I paid taxes on my retirement earnings from Uncle Sugar for over 32 years as it was being withheld. They now want to tax it again. They also want to tax disability and that covers a lot of people in this country. I was taxed on that one upon with holding, also, the first time.
“Police Departments are being defunded and marginalized and crime is exploding....”
You’re right. But they needed a local villain to blame for the things other people did so they could show they were doing nothing about something. (That’s the way it turned out) But they had their scapegoats and now they will have to figure out how to reign the violence they created in as something other than collateral damage. Good luck with that one.
“...but it’s happening...”
It’s been happening since the 1930’s. But everyone was so pleased with the comeback from ‘29 they failed to see the scripted mediocrity of it.
Sorry about the length. I tried to entertain all your points.
wy69