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Oracle flees from California???

msethhunter said:
Our population rate of growth has stayed flat....which includes 450k births and 250k deaths a year so we've had a net loss of 200k people starting in about 2018 each year
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Just a minor correction: CA Population is still growing. The loss is more than compensated by immigration.

On the larger point, I'm not disagreeing if a business chooses to leave the state. As with most news though, I think the reporting is geared towards angering people more than presenting realistic assessments.
 
Just because some companies are moving their headquarters out of California doesn't mean all the jobs are going to leave.

Here in the Bay Area, I've worked for companies headquartered in Boston, Seattle, Bethesda, and Essen. I've only worked for two actually headquartered in California. :dunno
 
Texas does have surprisingly high Propery taxes, but you still can't beat it.

Not really a bid deal, IMHO
 
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Killroy1999 said:
Texas does have surprisingly high Propery taxes, but you still can't beat it.

Not really a bid deal, IMHO
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You'd still be living in Texas. :rofl

Granted, Austin is, by far, the best place to live there, at least if you're used to California. But it's still Texas.

I have a friend who lived in Dallas, and his track days were a small fraction of the price of track days in California.
 
zelig said:
It would be interesting to somehow quantify "quality" lane miles; TX has a much lower proportion of roadways like PCH, Mt Ham, etc.
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Texas is just about flat throughout the whole state. It's also about 66% larger in square miles than California.

Much, much easier and cheaper to build roads (or railroads) there.

Texas has only 4 peaks over 8,000 feet. California has many over 14,000 feet.
 
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mlm said:
Just a minor correction: CA Population is still growing. The loss is more than compensated by immigration.

On the larger point, I'm not disagreeing if a business chooses to leave the state. As with most news though, I think the reporting is geared towards angering people more than presenting realistic assessments.
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By every metric, including immigration, it's shrinking and it gets worse when you take away births (especially considering they won't contribute to the economy for a minimum of 16 years).
 
zelig said:
It would be interesting to somehow quantify "quality" lane miles; TX has a much lower proportion of roadways like PCH, Mt Ham, etc.
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Yeah, for sure Texas is slab country, they do have some fun twisty mountain roads, but they are all in BFE.


Climber said:
Texas is just about flat throughout the whole state. It's also about 66% larger in square miles than California.

Much, much easier and cheaper to build roads (or railroads) there.

Texas has only 4 peaks over 8,000 feet. California has many over 14,000 feet.
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Yeah, a huge benefit is that Texas does not have the overwhelming nightmare of prevailing wage corruption in Government work that CA has. There is just less raw corruption in Government there.
 
msethhunter said:
By every metric, including immigration, it's shrinking and it gets worse when you take away births (especially considering they won't contribute to the economy for a minimum of 16 years).
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Clearly I should have posted evidence when I first replied. I'm sure you can do the same :)
https://www.macrotrends.net/states/california/population
https://www.ppic.org/publication/californias-population/
https://www.census.gov/newsroom/press-releases/2019/popest-nation.html


I'm not arguing the growth *rate* has slowed which is what the sensationalist articles misleadingly asserts as population decrease. I'll even concede it is possible there has been a slight decrease in 2020 due to immigration restrictions (both policy and COVID).

Again, none of the above is a denial that CA has problems.
 
Most of CA's problems stem from the fact that a lot of people want to be here.

I'm one of them.
 
Nationally, it's been fashionable to hate on California lately.

I can tell who watches a certain cable "news" channel by their reaction to me saying I live in California. Fuck 'em, nothing but a bunch of haters.
 
Mike95060 said:
Most of CA's problems stem from the fact that a lot of people want to be here.

I'm one of them.
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+1. I moved here from the least populous state in the US. There's a huge difference between what makes sense (or is acceptable) there and here. It's not about ideology so much as having neighbors you might not agree with.

wazzuFreddo said:
Nationally, it's been fashionable to hate on California lately.

I can tell who watches a certain cable "news" channel by their reaction to me saying I live in California. Fuck 'em, nothing but a bunch of haters.
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Been fashionable since before I moved here 20+ years ago. Texans were always seen as the biggest a-holes though
 
msethhunter said:
By every metric, including immigration, it's shrinking and it gets worse when you take away births (especially considering they won't contribute to the economy for a minimum of 16 years).
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Ah, the shortsightedness of those child labor laws!!1!
 
mikev said:
let them go. Cheap rent again!
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Usually rent is cheap for lots of reasons. No work, low wages = cheap rent. Cali better do what it can to retain these companies.
 
While cheaper it’s not like Austin is cheap - housing prices there are going up and up because...companies keep moving / expanding there. Now where have we seen that before? ;)
 
JohnEPA said:
Usually rent is cheap for lots of reasons. No work, low wages = cheap rent. Cali better do what it can to retain these companies.
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To be fair, both companies best days are behind them. Paying for Silicon valley talent doesn't make sense for milking cows.
 
PorradaVFR said:
While cheaper it’s not like Austin is cheap - housing prices there are going up and up because...companies keep moving / expanding there. Now where have we seen that before? ;)
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The traffic isn't any better either :dunno
 
Oracle's 10-K:

https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_ORCL_2019.pdf

I think page 71 has what we want to see. Please correct me if I'm reading this wrong.

In 2019 they made $11b while paying $1.2b in income taxes. A touch over 10%. It doesn't specify what % of this went to CA.

during the same time they:
-Purchased $1.4b of marketable securities and other investments
-Repurchased $38.1b in their own stock
-Paid $2.9b for stockholder dividends
 
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