this post was submitted on 27 Apr 2024
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The “Texas Miracle” loses some of its magic as Oracle announces it’s moving its new HQ out of Austin and Tesla lays off nearly 2,700 workers.

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[–] deegeese@sopuli.xyz 141 points 6 months ago (6 children)

Texas is a high tax, low service state.

California is a high tax, high service state.

Texas spends their taxes on corporate welfare.

California spends their taxes on education, infrastructure and health care.

[–] vanderbilt@lemmy.world 101 points 6 months ago (4 children)

A company made me an offer last year when I was looking for startups, but they required me to move to Austin. Austin is a nice place, but it’s unfortunately surrounded by Texas. Fast forward to today and they are moving out of Texas because it’s too expensive and they are having trouble retaining talent. The incentives the city has been offering to foster their own Silicon Valley are stalling because it’s not much cheaper and the state legislature is a Barnum circus of inhumanity.

[–] iquanyin@lemmy.world 3 points 6 months ago
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