If the corporate elite makes MORE money from the contracts, than the salaries of workers.

The cost for significant projects is astronomical and the good Christian pedophile enablers scream “ Waste, Fraud, Communism”. Unless, they get a big slice of the “pork”.

Capitalism eventually eats itself.
Enter, China-styled socialized corporate government.

Have you noticed that the US now has a stake in at least 5 public companies. More to come, and you can bet that the Trump Crime Syndicate has a cut.

https://finance.yahoo.com/news/trump-administration-now-holds-stakes-023008085.html

Obviously not a universal statement, but in terms of education level and such, on average, that's true. That goes along with having built in access to world class research universities to partner with and innovation clusters think Silicon Valley, or Boston with biotech. Better access to transportation and international connections.

See the public perception that Republicans are better on the economy in spite of job growth being far higher under Democratic administrations. But the benefits to blue states are in large what I said, we need to sell that again better than we are.

But California's GDP is 4.1 trillion and Texas is 2.7 trillion. Not exactly what I could call California having their lunch eaten even accounting for California having about 9 million more people.

Yes we could do more to encourage growth in blue states, things like working on housing costs, but I don't think it's a need for a full scale drop our corporate tax rate to 0 radical change.

Receives more money from the federal government than it contributes. Prosperous blue states are subsidizing the Loon Star State. Less than B- movie politicians running and ruining their own state.

Because the only issue right now-- the one upon which votes are ready to be cast-- is:

Less of Trump.

He won with 49.8% of the popular vote, but he has been acting like he has a mandate to do literally anything he wants.

People are angry.

Running on erstwhile worthwhile policy issues like job creation at a time like this just makes me go:

Huh?

because it is a decentralized energy strategy. Big Oil does not like this and Republicans are OK with Big Oil running our energy policy.

I have solar panels with battery back=up. I export 500,000 watts of energy to the CMP grid. For this privilege I pay $35.00/month. How many other solar panel operators have the same situ?

Say, 50.000 other Mainiacs are doing the same thing on the CMP grid. That's 25.000.000,000 watts of energy coming into the grid, every month. How is this not beneficial to the shareholders who do not have to add expensive primary electrical production?

Most people ARE working. But crushed with medical debt, student debt, car/insurance pymts, monthly utilities, bank fees, rent...

More and more people see they'll never own a home, can't afford kids, etc.

Better to focus on modern solutions. Things like nationalized healthcare and energy. Wealth redistribution, job planning (Good Gawdz! We should have gone to a 4 day work week eons ago!)

These things will attract voters in all states

Not sure it’s just tax rates causing moves.

Work on my own part-time now, or I’d say I wish my employer had moved there. Love California.

Trickle down?

to red states.

If I remember, corporate taxes are roughly 15% of California’s tax revenue. I’d bet — but I don’t know for sure — that the taxes employees pay in those companies is a whole lot more, not to mention taxes generated by those downstream. That funds the best state in America more than corporate taxes.

OP has a good point, does the State want to sacrifice everything wonderful in state for a few percentage points in tax revenue.

Personally, if I were a rich company, I’d move to California and pay twice as much in taxes. That State gets it right and it’s beautiful. Problem is, I’m not sure many get rich thinking like me. I sure didn’t.

In the past, state taxes were calculated by using three factors - the percentage of your payroll, property, and sales within California divided by your total everywhere. The average if these three ratios was multiplied with the corporation's Federal taxable income to get state taxable income.

If a large, multistate company moved jobs and offices out of California, the smaller ratios resulted in lower state taxable income, and lower overall tax. As of this year, however, California has switched to single sales factor appointment, like most other states. Now, state taxable income is essentially just the Federal taxable income times the percentage of sales in California vs. everywhere. There's no longer any way to game that by moving out of the state. You sell stuff in California or to Californians, and your company has CA taxable income.

Of course, this doesn't give any incentive to remain in California - but it does remove the incentive to leave.

Company "A" is located in San Diego and has 2000 employees at their HQ. They sell globally with $300 million in sales with 10% or $30 million to California residents.

Company "B" has HQ in Texas and has no physical footprint or employees in California. They sell $30 million to California residents by mail order.

Each one pays the same amount in California state taxes?

Yes, with the recent change to California tax law, they pay taxes based on the percentage of their sales in California. If 20% of sales are here, then CA taxable income is essentially 20% of Federal taxable income. Yes, California tax rate may be higher on that income, but they'll pay the same amount of California taxes no matter where their employees are or where their buildings are.

Of course, having buildings in California could lead to higher rents or property taxes than having the HQ elsewhere. They'd have to comply with CA employment law, might need to pay a higher wage, etc. So costs could definitely still be less for an out of state HQ. But the corporate income tax would be the same.

From the sites I checked, it looks like most corporations were required to switch to single sales factor by 2013. Banks and financial institutions were excluded from that change until this year, as you noted.

1966-2024: California used a three-factor formula (property, payroll, sales) for most businesses, including banks since 1994.
1993: Double-weighted sales factor introduced for non-banks and financial institutions.
2011-2013: Transition to elective, then mandatory, single sales factor for most businesses, with exceptions for certain qualified activities, such as banks and financial institutions.
2025: SB 132 removes banking and financial activities from QBA, mandating SSF for these entities.

https://www.gtlaw.com/en/insights/2025/7/california-adopts-single-sales-factor-apportionment-for-banks-and-financial-institutions-key-changes-under-sb-132#:~:text=Effective%20for%20tax%20years%20beginning,move%20toward%20sales%2Dbased%20apportionment.

I worked for a company that made corporate tax software for many years, but am not a tax professional. So I know the math of apportionment, but not the actual state rules.

Just like tariffs and every other tax

Coins. Folding money. Expendable income.
Keynes said throw it at the working class.




M1
Definition: The most liquid form of money, also called "narrow money".
Components:
Physical currency (coins and banknotes) in circulation
Demand deposits (checking accounts)
Other checkable deposits
M2
Definition: A broader measure that includes M1 plus near-money assets.
Components:
Everything in M1
Savings accounts
Time deposits (CDs) under $100,000
Retail money market funds

M3
Definition: The broadest measure of money supply, including all of M2 plus less liquid assets.
Components:
Everything in M2
Large-denomination time deposits (over $100,000)
Institutional money market funds
Note: The Federal Reserve stopped reporting M3 in 2006 because it was considered to have little additional information beyond what was already in M2.

Roughly the same rate is was 20 years ago. What problem are we fixing here?

and the quality of life will keep most companies there.

IMO.

How the hell to do that, I don't have a clue.

I left a great city, Seattle due to this exact problem. I am not the only one, not by far.

Stop the fascist takeover of the US government

Trump trying to destroy America and this pops up.