Elon Musk promised to unlock the value of Twitter to benefit the shareholders.
Presumably that means moving from California with its high, non-value added taxes and moving the Headquarters to a lower tax state.
The dude could create a value-unlocking assembly line.
That is what happens when politicians use corporate profits to buy voters. Companies don't necessarily avoid high-tax state as long as the taxes are spent in ways that benefit the business climate.
Paying drug-addicts and illegal aliens to deposit feces where your expensive talent needs to walk is not benefiting the business climate.
ERJ, I now see that someone has offered him land for a headquarters in Texas.
ReplyDeleteI think if his model catches on, we could be into an entirely new era of creating value out of currently existing entities.