Posted on 07/17/2024 6:54:37 AM PDT by Freeport
Elon Musk said on Tuesday he is moving the headquarters of two more of his companies - social media platform X and rocket company SpaceX - to Texas from California, citing a new gender-identity law there as the "last straw."
With these steps, the billionaire, who last week endorsed Republican Donald Trump for U.S. president, will have relocated Tesla (TSLA.O), opens new tab and most of the businesses he controls or heads to Texas.
The world's richest man, he changed his own residence in 2021 from California to Texas, where there is no state income tax on individuals.
A new California law that forbids school districts from requiring teachers to notify parents when a child changes gender identity or sexual orientation helped spur Tuesday's announcement, Musk said.
"Because of this law and the many others that preceded it, attacking both families and companies," Musk, who has a transgender daughter, said in explaining the decision on X - formerly Twitter - which he bought in 2022.
(Excerpt) Read more at reuters.com ...
What if you sell your home & rent—but stay in NJ.?
What if you sell your home & rent—but stay in NJ.?
That’s a good question. I think his tax was levied at closing. Which makes me wonder what if you sell and plan to buy again in-state, but haven’t found that house yet?
I was in the Spokane airport this past Saturday. The guy next to me waiting in the bar for his flight had a Make Texas Great Again red hat on. He said the amount of former Californians in his state was ruining Texas.
I had spent the previous week in Boise and Coeur d’Alene, ID.
The ex Californians are ruining Idaho too.
Sorry to hear that.
Coeur d’Alene was still pretty nice. It has just gotten so expensive on real estate in the last five or so years. The downtown area is now full of condo buildings.
CdA is still God’s country though. Especially if you get about 20 miles north of there. However, from Spokane to CdA it is all built up now.
Most of the people that move to north Idaho are red blooded Americans. Not like the liberals that move to Boise. Also, most of the immigrants from south of the border do not like northern Idaho. It gets too cold for them in the winter.
In order for this move to be a benefit to Texas, Musk gives the pink slip to all the liberal employees. They’re the ones that voted for California government that pushed for This bill.
I’ll bet that there are plenty of Conservative tech folks, engineers and physicists, in Texas that would love opportunity to work for him.
Otherwise is just liberals getting closer to turning Texas Purple
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.