"ImmoralMinority" (araimondo)
02/25/2017 at 17:37 • Filed to: None
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"ImmoralMinority" (araimondo)
02/25/2017 at 17:37 • Filed to: None | 0
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Nissan HQ left, now Toyota. When will we learn?
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DFW's cars, Ferrari Dave’s thoughts on cars.
> ImmoralMinority
02/25/2017 at 17:42 |
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Interesting, but hey it’s a boon for Texas (Toyota came out here).
Milky
> ImmoralMinority
02/25/2017 at 17:48 |
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When rent is too high for a billion dollar company.
fintail
> ImmoralMinority
02/25/2017 at 17:50 |
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Torrance or Plano, is there a third choice? Please?
OpposResidentLexusGuy - USE20, XF20, XU30 and Press Cars
> ImmoralMinority
02/25/2017 at 18:02 |
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Thanks for Nissan! The employees that are not American can be a bit rough to deal with but the money has been great. The worst part is everyone asking if we moved out here with Nissan even though we were at least 2-3 years ahead of them.
dogisbadob
> ImmoralMinority
02/25/2017 at 18:08 |
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I’m surprised they weren’t HQ’d there in the first place, since most of Nissan’s US cars are made there. Doesn’t it make more sense to have the headquarters near your biggest factories?
Toyota probably should’ve chosen Kentucky instead of Texas (I know Toyota makes a lot of cars in Kentucky, including the Camry).
Honda left California, too. They went to Ohio, where most of their US-made cars are made.
I think Tesla is the only car company that still has a factory in California.
Also surprising that Subaru has their offices in NJ and not California, Colorado, or Vermont. Subaru’s HQ is in Camden, which is close to Detroit, albeit not geographically. The company’s only US factory, and in fact their only one outside of Japan) is in Indiana.
Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
> ImmoralMinority
02/25/2017 at 18:13 |
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I wouldn’t necessarily blame California. This tax incentive based competition between states may be good for the companies, but it ultimately eliminates their tax dollars from the public and their transience is not an effective tax generator either. This is the bullshit side of capitalism.
Full of the sound of the Gran Fury, signifying nothing.
> ImmoralMinority
02/25/2017 at 18:17 |
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FWIW, I think Mazda is still based down in Irvine CA.
shop-teacher
> ImmoralMinority
02/25/2017 at 18:24 |
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Roughly the same time Illinois will learn, or about half-past never.
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fintail
> Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
02/25/2017 at 18:26 |
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It’s a race to the bottom.
ranwhenparked
> ImmoralMinority
02/25/2017 at 19:19 |
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Wasn’t Toyota kind of all over the place, though? Executive offices in New York, sales and design in California, R&D in Kentucky. I can see why they would want to consolidate a bit.
Tazio, Count Fouroff
> Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
02/25/2017 at 19:30 |
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Not direct tax revenues but generates other economic activity of all kinds as well as increased recepits of sales and property taxes.
Texas may not have an income tax but the State of Texas ain’t poor!
Oh and right, it’s not California’s fault. No sir. Why would most people prefer to live where there are fewer taxes and more jobs? Hmmm... maybe if you have a good job you don’t need state bennies?
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Tazio, Count Fouroff
> fintail
02/25/2017 at 19:39 |
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Which states currently have the most state government deficits and debt?
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Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
> Tazio, Count Fouroff
02/25/2017 at 19:46 |
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...and when they leave in 4-8 years because another state offers them a better incentive they leave the communities high and dry.
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fintail
> Tazio, Count Fouroff
02/25/2017 at 19:52 |
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Dunno, don’t care, don’t see how it is relevant.
By this measure, it is pretty evenly distributed by political bent, especially in the latest election where people didn’t understand how things work:
https://ballotpedia.org/State_debt
Which seem to be the most dependent (takers) on federal funds?
And they still end up being hellholes:
http://assetsandopportunity.org/scorecard/
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Tazio, Count Fouroff
> Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
02/25/2017 at 20:21 |
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How many have left low-tax states?
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Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
> Tazio, Count Fouroff
02/25/2017 at 20:25 |
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Tons, I live in Kansas, I’ve seen that theory of economics proven monumentally false.
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Tazio, Count Fouroff
> Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
02/25/2017 at 21:21 |
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You could be right. If that’s the case, please explain the economic development of Texas since 2000 and Florida since 2011
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Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
> Tazio, Count Fouroff
02/25/2017 at 21:34 |
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The economic booms of Texas and Florida have come at the expense of other states, they aren’t making new jobs, they’re just stealing them from other states. Also, the oil moneys contribution to the Texas boom will bleed off soon enough.
Gone
> Tazio, Count Fouroff
02/25/2017 at 21:45 |
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Texas is not so rosy now. A bunch of budget idiocy via tax cuts and a little bit of revenue loss via oil prices and the state has had to make some big budgetary cuts. Mostly in public education, but also in health/human services. They sure love giving large tax breaks to corps in this state though. Then they make it up with sales and prop tax due to lack of income tax. Except they don’t really, because we do run a deficit and have a decent amount of debt per capita. And that doesn’t even include unfunded liabilities like pensions, etc. I pay 3.5%+ prop tax on my house and it’s not that uncommon, although most nice areas are in the 2.0-2.5% range. That’s a sweet bill to get at the start of the year though lol.
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fintail
> Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
02/25/2017 at 21:57 |
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I seem to end up being sent to or visiting Florida now and then. It’s a cool place to visit, but wouldn’t want to live there. I know a few people who have moved from there, none who have moved to there.
http://floridapolitics.com/archives/215522-bls-florida-cities-pay-still-lowest-nation
I remember the TX economic miracle being chattered about in 2012 before the days of Russian influence and fake news:
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ranwhenparked
> Bman76 (hates WS6 hoods, is on his phone and has 4 burners now)
02/25/2017 at 23:43 |
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Unlikely, big companies rarely make such dramatic headquarters moves. They’re expensive and highly disruptive to the operation. Bouncing around to different buildings in the same city, sure, moving around to different suburban communities within the same metro area, absolutely. But, Toyota has been in California for 60 years, this move is costing them millions and taking several years to execute, and they are losing about 1,500 employees that turned down relocation, all of whom will have to be replaced.
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ranwhenparked
> dogisbadob
02/25/2017 at 23:50 |
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Honda did a stealthy move. They saw how badly Nissan got beat up in the press, so they have officially kept their American headquarters in California, but gradually moved most of their executives and senior management to Ohio.
Subaru had considered leaving New Jersey, but the state threw a bunch of money at them to stay and induced them to leave Cherry Hill for Camden in the process. Even with the new building well under way, Subaru publicly stated last fall that they might back out of it and move across the river to Pennsylvania (which had courted them before the Camden deal), since Chris Christie cancelled the NJ-PA income tax reciprocity agreement. After that and threats from other companies (EG, Church & Dwight, Campbell Soup, etc.), the agreement was quickly reinstated.
New Jersey did lose Daimler to Georgia, and came close to losing BMW to North Carolina due to a local tax dispute, but that got resolved and they seem to be staying.
wiffleballtony
> ImmoralMinority
02/26/2017 at 19:27 |
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Calexit. Just not in the way it was expected.