Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Elon Musk Is Ditching California

December 16, 2020 By Debbie Young

SpaceX Chief Engineer Elon Musk answers a question from the press in front of the Crew Dragon that is being prepared for the Demo-2 mission, at SpaceX Headquarters, Thursday, Oct. 10, 2019 in Hawthorne, CA. Photo credit: (NASA/Aubrey Gemignani)

Voters in San Fran recently passed a wealth tax reaching levels beyond efforts at the state or federal level. The new tax, described as an “overpaid executive tax,” is aimed at San Fran companies that “pay their officers more than 100 times the median worker salary,” reports BRIGHT editors.

A Corporate Exodus

The ripple effects of San Francisco’s corporate exodus will inevitably hurt blue-collar workers and service industry workers in the future. Local revenues for basic services, social programs, and infrastructure will be hollowed out as rich earners continue to leave and take their capital elsewhere.

For example, voters will move to places with more jobs or to where they can create them. This will simply create advantages for workers in Austin or Denver to the detriment of low income and middle-income workers in San Francisco

Other tech executives, including Tesla CEO Elon Musk, say they are ditching California due to the state’s personal income tax rate – it has the highest in the nation. Musk is also moving his company to Texas, which has a zero percent income tax rate.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Is Elon Musk a Prepper?
  • Elon Musk – Our New ACLU
  • Is Elon Musk Right about the Apocalypse?
  • California Dreaming
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • President Joe Biden’s Good Question - May 25, 2022
  • Biden IGNORES Americans’ Pain at the Pump, Touts “Green Transition” - May 24, 2022
  • Our Daily Bread Threatened? - May 23, 2022

Dick Young’s Must Reads

  • Protection While Traveling in France
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • Ron Paul: “Freedom and Central Banking Are Not Compatible”
  • Rich Grandchild, Poor Grandchild
  • Sen. Hawley Makes the Case Against U.S.-China Relationship
  • BEYOND RUSSIA: America Strengthens India Ties to Counter China
  • Conflict Between Democratic Sovereignty and Transnational Progressivism (Globalism)

Our Most Popular Posts

  • Jean-Pierre: Economy "Not Something that We Keep an Eye on Every Day"
  • Consequences of Biden Killing the Keystone Pipeline
  • Harvard Professor Calls Homeschooling a "Threat to Society"
  • PRIMARIES: Trump Endorsed Candidates’ HUGE Night
  • PARTY'S OVER JOE: Republicans Crush Democrats in Local Elections
  • Are You Suffering from One of These Nutrient Deficiencies?
  • Our Daily Bread Threatened?
  • President Joe Biden’s Good Question
  • Tucker Carlson Interviews My Favorite Florida Farmer
  • BUY THE DIPS? Can You Catch a Ginsu Knife?

Disclosure

RSS Youngresearch.com

  • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
  • China Builds an Anti-Quad Coalition
  • If You Have a Plan, I Believe You’ll Get to Where You Want to Go
  • There Are Tech Companies “Still Dreaming of Boundless Growth”
  • Nowadays, Everyone Is Getting Some Dividend Religion
  • How Can the Fed Prevent Stagflation?
  • How to Avoid the Restrictions of a Target Date Fund
  • Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share
  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading

KRISTALLNACHT: How Well Intentioned Gun Registries Become Tools of Evil

Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”

Is America About to Lose Its Investments in Colombia?

POWER MOVE? Did Viktor Orban Just Seize Control of Hungary?

Americans Are Abandoning ESPN and Woke Professional Sports Leagues

If You Have a Plan, I Believe You’ll Get to Where You Want to Go

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives