Trending topics
#
Bonk Eco continues to show strength amid $USELESS rally
#
Pump.fun to raise $1B token sale, traders speculating on airdrop
#
Boop.Fun leading the way with a new launchpad on Solana.
Blue state playbook: create a supply problem, throw subsidies at the symptoms, then raise taxes to pay for it all.
Because you increased demand instead of supply everything gets more expensive. See: housing, energy, healthcare, childcare in CA vs TX.
Eventually, people leave (or don't come), including many wealthy folks in the tax base (the top 1% pay 45% of taxes in CA)… but you keep spending, so taxes have to keep going up.
Washington, New York, California are all moving to increase taxes, meanwhile, red states are moving in the opposite direction, competing for the same wealthy residents that blue states are pushing away, and they are attracting them, and many of them are bringing jobs with them… and people can live there because it’s cheap.
I spent some time in Texas this year and it’s easy to see why their model works- it’s the real abundance state… They just let people build and don’t get in their way. Often ugly, but it is cheap to live there, and that makes a huge difference.
They have TONS of immigrants for this reason. They have jobs and it's cheap to live there- pretty simple. Despite all the subsidies for immigrants in California, and lack of them in Texas, immigrants choose Texas over California... Cheap housing does more for quality of life than any government program.
Same pattern with solar. California subsidizes demand while making it painfully slow to permit and install, while Texas just makes it easy to build. Texas generates more solar power than California and is adding new capacity at 7x the rate.
Why don't I move? SF has network effects in tech and is the most beautiful state in the US. I just wish it were better governed!

Top
Ranking
Favorites
