California's economy is $4.1 trillion and has a much higher chance of growing larger with most of the AI companies based out of CA.
I’m a Dallas resident and this has been a large coordinated effort that has a lot of banks relocating here. Not going to debate the good or bad of it, but Texas tends to go after these types of things and creates a favorable environment for it from a business/tax/political standpoint. I don’t know what California does, but I know a whole bunch of Californian corporations have moved here citing similar reasons. So again, what’s stopping something similar from happening in California? (If it doesn’t already exist)
I think this is a loop that hurts regular people.
Less regulation could open people to more risk and less ways to combat it.
Lower taxes for businesses means that state funding must be made up with either cuts to services or higher taxes on people.
I think Republicans will use these incentives and the federal government's power to push all the money to red states causing economic decline in blue states which they can then blame on the leaders of those states.
I know this already happens but now that Trump is open to blackmailing states with funding because they aren't run by Republicans it will get worse
Corruption, tax inequality, and the use of political power to benefit business will always be present and therefore the amount is what's important.
Every politician lies so that doesn't matter. What matters is what the lie about and how often it occurs. It's the same with corruption.
I've seen this described as "a race to the bottom."
It's not like the article was suggesting Texas had America's largest state economy. It was just showing that it is large. Which it is.
What does California have to do with anything?
I should be happy right now as X and Y and Z are available, some of which support some of my ideas, but I'm smart enough to know that giving me a few trinkets while screwing the system as a whole doesn't work.