An article on startups leaving the Valley, and not a single mention of California having one of the highest income tax rate and highest real estate priced market in the US?
I think they're missing the point.
I think they're missing the point.
From the article:
"The reasons for this shift are manifold, but chief among them is the sheer expense of the Valley...the cost of living is among the highest in the world..."
but its not in the top 10
https://www.economist.com/graphic-detail/2018/03/15/asian-an...
There are a whole lot of cities out there, few of them are more expensive than the bay area.
1. It said American cities had fallen because of dollar weakness, which means it sounds like they're comparing based on exchange rates instead of purchasing power parity. Obviously for people paid in dollars in those cities, a weaker dollar doesn't make anything cheaper.
2. A lot of those expensive cities, especially in Europe, have much better social services. So Oslo may be very expensive and taxes sky high, but families there aren't worried about how to put their kids through college or how to pay for medical expenses.
If you only focus on taxes above all else, then I don't think you will ever be able to enjoy any city.
I don't focus on taxes above all else, but there's a threshold (around ~15%) beyond which I consider taxes to essentially be armed robbery. Cali has long passed that stage.
As to the second part of your statement, while trying to sound the least possible arrogant, I would suggest you do your research. The world is a very big place.
And the tax situation has - to say the least - been getting worse for quite a while.