Axios morning email thingie tells us that Libertarians are fleeing California for the warm embrace of Texas, which has no income tax:
America’s entrepreneurial and technology power is dispersing beyond Silicon Valley and New York — a trend greatly accelerated by two Cs: coronavirus and California.
The big picture: Elon Musk is the latest high-profile business leader to bolt from California because of its governance and cost.
- At the same time, workers are fleeing the state — and New York City, too — to work remote, often in tax-friendly states or emerging tech hubs, for good.
What to watch: The next wave of cool innovations — 5G, autonomous tech, drones — will unfold in cities, Axios CEO Jim VandeHei writes.
And then Axios has a brain-fart of some sort, because when the story is about Tech founders, naturally one’s mind turns to…
Ben Shapiro, host of the nation’s top conservative podcast, moved his Facebook powerhouse website, The Daily Wire, from L.A. to Nashville in September.
- Shapiro told me that California “has made it nearly impossible to do business, between their absurd regulatory climate, their insane tax rates, and the declining quality of life.”
OK, quit giggling!
Musk said yesterdayduring a Wall Street Journal CEO Council appearance that the Bay Area “has too much influence on the world.”
- Musk moved to Texas … Palantir co-founder Joe Lonsdale moved his venture firm from Silicon Valley to Austin … and Hewlett Packard Enterprise Co. — “a descendant of the firm that Bill Hewlett and Dave Packard famously started in a Palo Alto, Calif., garage,” as The Journal put it — is moving to Houston.
Musk became the second richest person in the world recently and he’s complaining about taxes?
As regular readers know, I am not a fan of any of these boys. Musk is an unusual grifter (ask L.A. what they think of his hyper-loop tunnel that they paid for), and when he launched his Tesla into space for a PR stunt, all I could think was that it was too bad that he was not in it.