Californians Flock To Texas As Corporations Seek Cheaper Pastures

Via ZeroHedge

Around 700,000 people left California last year, with more than 10% moving to Texas.

According to a new report by Yardi Systems, over 86,000 people abandoned the Golden State. In terms new Texas residents overall, ex-Californians constituted around 15%, according to the Dallas Morning News.

The influx of Californians should come as no surprise, as businesses have been migrating out of the high-tax, high-crime, heavily regulated state for cheaper pastures.

Last month, we reported that Charles Schwab’s relocation of their headquarters from San Francisco to Dallas, a move they expect to complete in the second half of 2020. Announced following the company’s $26 billion acquisition of TD Ameritrade, their new 70-acre Dallas-Fort Worth campus will cost around $100 million, and provide 500,000 square-feet of office space.

Chairman and founder Charles Schwab noted that one of the drivers behind the move from California was that “the costs of doing business here are so much higher than some other place.”

Schwab is far from alone, as some 660 companies have moved 765 facilities out of California over the last 24 months, according to a new report.

The departures from the Golden State between January 2018 and now involve corporate headquarters, manufacturing facilities, data centers, research hubs, software and engineering centers and a few warehouses, according to business relocation expert Joe Vranich, president of Spectrum Location Services.

Obviously a lot of them are going to Texas,” Vranich said in an interview with the Dallas Business Journal. “It just makes sense.”

California companies large, midsize and small are shifting their regional or corporate headquarters to North Texas because of the DFW area’s generally lower taxes, more affordable housing, lower expenses, central location, access to an international airport and other factors. –Dallas Business Journal

Meanwhile, the Wall Street Journal noted last month that ” The Lone Star State imposes a 0.75% franchise tax on business margins (total revenue minus compensation), which is substantially less than the corporate tax rates in California (8.84%) and Nebraska (7.81%), where TD Ameritrade is currently headquartered. The city of San Francisco also imposes a 0.38% payroll tax and a 0.6% gross receipts tax on financial service companies.”

One California law cited in the exodus requires companies to hire workers as employees, not independent contractors, with limited exceptions. Aimed at giving basic labor rights and benefits to hundreds of thousands if people working for Uber, Lyft, Doordash, and similar companies, the companies affected say it’s not feasible.

“I don’t know how companies can continue to deal with this brutal assault that is on them,” said Joe Vranch, adding “Most of the municipalities in Texas are easier to get along with, and that’s a benefit in addition to things like no income tax and an easier regulatory environment.”

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YourAverageJoe
YourAverageJoe

Californians should be allowed to immigrate to Texas only if they are seeking asylum for murdering one of their politicians.

AC
AC

Maybe there should be a minimum number of politicians? One seems low.

AC
AC

I’d be looking at moving to a place with *far* fewer Mexicans than California, rather than Texas, but whatever.

Iska Waran
Iska Waran

I’ve heard Texas has better Mexicans.

TX Patriot
TX Patriot

Iska,
That is fake news!!!

TN Patriot
TN Patriot

Please leave your liberal ideas in the land of fruits and nuts. Liberalism is what is causing you to leave the once great state of CA.

niebo
niebo

Hahahaha !! Ten thumbs up!

(Was going to say: “Just leave behind your filthy California ways.”)

Pequiste
Pequiste

Forget it!

The Crazyfornyanz will bring with them their entirely bizarre, fucked up, and psychotic world view lock, stock, and barrel.

When the Crazyfornyanz political machine takes over it will be not just moar illegal invader immigration, moar Crazyfornyanz, moar Africans, and some moar Hebraic politicians and lawyers; but completely unlimited immigration of all the above and moar Somalians, Haitians and Muslims. Yikes!

Give it 10 years and The Lone Star State would become The Loan Star State.

Then it will be game over for Texas.

The People’s Democratic Socialist Republic of Taxes, a state as blue as Noo Yawk or Mass. (ivetwoshits.)

Keep Crazyfornyanz out of Texas for your own good and the good of your children, grandchildren, culture, history, monuments, schools……

TX Patriot
TX Patriot

We are trying our best to stop them. We need a wall on the west border of Texas!

Mygirl...maybe

The Hill Country is toast. Once beautiful ranches have been sold and turned into mega subdivisions and strip malls. Most of Texas is looking like an overdeveloped slum these days, with more and more land being covered in concrete and roads and shitty apartments and subdivisions. Litter coats the roadsides and traffic is bumper to bumper in what used to be small towns. The fracking has turned farmland into lunar scapes and where the fracking isn’t the developers are,

If you like shitholes then wait awhile, a very short while, Texas is rapidly headed there.

Can’t tell where one city stops and another begins, from Dallas to San Antonio is one endless stream of traffic and strip malls. A massive and ugly and dirty city. Tragic. And yes, Texas will soon be blue…too many invaders have overcome the natives.

mark
mark

Wow, sorry to hear that.

Married a Texan, lived well outside San Agelo (Robert Lee) in the mid and late 80’s.

I loved Texas, camped in and explored Big Bend or the Guadalupes every chance I got.

TX Patriot
TX Patriot

Damn right!!!!

Tree Mike Redneck training to be Tn hillbilly
Tree Mike Redneck training to be Tn hillbilly

Better Texas than Tennessee.

Hollow man
Hollow man

And turning the cities into the mess they are in California. Texas will flip to the dems soon enough.

James the Deplorable in Arkansas
James the Deplorable in Arkansas

Texas, and other states, should pass a “quarantene law” that would prohibit Californians who immigrate to their states from voting and serving in any governmental office, including HOA’s, city, county, state for a period of 6 years. This would possibly give enough time for their stupid assed California way’s to wear off and let them see how the rest of us manage.

MrLiberty
MrLiberty

My wife and I moved from CA to GA and immediately joined the local Libertarian Party at the county level, and I was even vice-chair. I’ve worked actively on both of Ron Paul’s campaigns, and continue to spread the message of freedom and liberty that I was shouting loudly in CA – even to the point of running for State Senate in the 90s. You like to paint states with “red” and “blue,” but ALL are some shade of purple. Has it not occurred to you that the folks leaving for Texas are sick and tired of CA, and want some freedom back? And you act as though the “red” states actually care about freedom and liberty. See my list of some of Texas’ most notables.

MrLiberty
MrLiberty

Before all the praise for Texas and how it will be “ruined” by folks coming from California, I would like to put forth a few names from the past:

LBJ
John Connally
Rick Perry
Ted Cruz
George W. Bush
Tom Delay

All from well before the current exodus took place.

What Texas doesn’t need is anyone making things worse.

Joe Blow from Tokyo
Joe Blow from Tokyo

I’m hoping open carry of a big ass revolver will scare their asses off…

Keep moving east…

ottomatik
ottomatik

Sorry to hear it. It is my hope, the last of the sane are falling back and a redoubts are being created, but I know it is the opposite, its invasive, TX and FL will be the end of red, it just wont matter what the Senators from WY think, at all.

Ivan
Ivan

What the people of Wyoming “think” matters ultimately.

Fuck the US Senate.

Repeal the 17th Amendment.

TN Patriot
TN Patriot

I am with you on the 17th. It opened the door for the progressives.

Jdog
Jdog

It ended the balance of power between the FEDs and the States, the once free States now have no say in the Federal Governement.

TN Patriot
TN Patriot

I have studied the history of the 17th and how the progressives were able to get it passed. It took them 70 years from the first proposed Amendment until they finally got it passed. They never gave up and they never do give up, they keep pushing and when they meet the objective, they move on to the next one.

It was the public’s perception (rightfully so) of corruption with Senators who were appointed and the people pushed the state legislatures to sign onto the Amendment, not knowing it would be the undoing of all state power in the federal system.

old white guy
old white guy

Did they bring their idiocy with them?

Ivan
Ivan

“Around 700,000 people left California last year……over 86,000 people abandoned the Golden State”

Which is it, 700,000 or 86,000???

Sadly the califucktards want to turn wherever it is they go into the shithole they came from.

Trapped in Portlandia
Trapped in Portlandia

Ivan, while the article isn’t clear, they seem to mean 700,000 left California for everywhere and 86,000 of those went to the Lone State State. Alternatively, the author got his math training thanks to Common Core.

Ivan
Ivan

thanks for the assist!

Trapped in Portlandia
Trapped in Portlandia

Any red state seeing an influx of people from the left coast needs to implement a citizen test for new residents. If you don’t pass, you get a one-way bus ticket back to the left coast. The citizen test could include:

1) Requirement to buy a gun and learn how to use it (Gang members will easily pass this one but get tripped up by #2).
2) A civics test that includes detailed questions on the Constitution. (Any score less than 100% sends you back home).
3) Wearing a MAGA hat for one week in public. (That is probably enough to keep the progressives in California).

Anyone showing up for the test with any of the following characteristics, gets sent back to the coast without even being given the test:

– Odd colored hair
– An electric car (hybrids are okay)
– More than one tattoo for guys, more than zero tattoos for woman
– Asking to be addressed by something other than he or she
– Luggage consisting of a shopping cart, plastic bag, or backpack

That should keep the red states red and blue states insane.

Jdog
Jdog

Ironic.. Liberals FU the place they live with their moronic philosophy, then move to a conservative place because it is nicer. Then they proceed to F*** it up with the same moronic philosophy that ruined the place they came from.
I suppose this is proof that liberalism is a mental disease, after all when you keep doing the same thing and expect a different result, that is the definition of insanity.
At some point the rest of us will probably realize our own survival depends on ending liberalism….

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