This story is insanely misleading though. Everyone here is talking about why the tech elite are leaving due to the quality of life when Keith Rabois specifically has like 3-4 IPOs he was an early investor in going public right now and makes no sense to stay in California in 2021 and pay state capital gains taxes on those sales.
Same with Elon Musk and Tesla’s absurd stock price. And probably a lot of other people given the hot IPO market.
Point is it’s so disingenuous for these people to say it’s because of SF or California when it has everything to do with taxes and not much else.
To blast the Bay Area and state which made them rich and then flee before they owe a penny is gross.
Same with Elon Musk and Tesla’s absurd stock price. And probably a lot of other people given the hot IPO market.
Point is it’s so disingenuous for these people to say it’s because of SF or California when it has everything to do with taxes and not much else.
To blast the Bay Area and state which made them rich and then flee before they owe a penny is gross.