Toyota is Moving its Head Quarters to Texas

[SirBrass]

The word "profit" is being tossed around like it's a bad word. It isn't. A profitable company invests its profit & grows its business. This is how wealth is created. Not just for the big wigs, but the common man as well, because as the company grows, it needs more people. That means more jobs, more income. State benefits from more revenue sources. People benefit from God jobs.

When the state tries to redistribute "the wealth", all suffer.

Toyota being profitable is good. It means more jobs, which means fewer unemployed.

On phone I am. Therefore, if mistakes I make, Frank Oz blame you should.

[DAEMANO]

Originally Posted by robwbright

This. And see my post re: the property tax rates actually being basically identical in the two states for the individual homeowner relative to income and property values.

It was a fine analysis of current tax burden given the tools you probably have available. I have access to more (much more), and will perhaps parse this out with more time.

The looming question is what happens in these areas when the population is increased by 10,000 (or more) households? Will the current civil infrastructure support such volume. If the civil infrastructure requires improvement (and it likely will) who will pay? How will they pay?

I don't expect the body politic that made such a "business friendly" environment to reverse this by giving the bill to Toyota. No, what happens is that tax rates are increased to provide needed public services. Seems obvious I know, but to some (especially in this thread) this is viewed as some cruel draconian government assessing taxes against it's pitious public. No, it will be the needs of both TMC (the corporation that relocated it's labor pool) and the current residents who require infrastructure to support itself. However it is TMC that reap the most from that publicly financed upgraded infrastructure and relocated cheaper workforce. All while siphoning billions in profit from the very public that pay for the infrastructure that supports their businesses. In the end where do those billions in profit end up? In the hands of those already wealthy enough to invest meaningfully in companies like TMC. The prideful Texan public, relocated California workers, and those who bought into politics as a "team sport" enable and pay for the whole thing. So to me, this is why a move like this shouldn't be celebrated, but panned. It's horrible for the public.

[DAEMANO]

Originally Posted by SirBrass

The word "profit" is being tossed around like it's a bad word. It isn't. A profitable company invests its profit & grows its business. This is how wealth is created. Not just for the big wigs, but the common man as well, because as the company grows, it needs more people. That means more jobs, more income. State benefits from more revenue sources. People benefit from God jobs.

When the state tries to redistribute "the wealth", all suffer.

Toyota being profitable is good. It means more jobs, which means fewer unemployed.

On phone I am. Therefore, if mistakes I make, Frank Oz blame you should.

No disrespect intended but profit doesn't equal jobs. Nor does profit have to be a direct indicator of corporate health. Not even close.

Here's an example, nearly every Credit Union in the United States is a Non-profit organization. Credit Unions employ thousands.

[torqdork]

So I guess it's just fine for GM to keep all profits after becoming beneficiary of unilaterally modified bankruptcy law, walk away from "old" GM liabilities, cut white collar pensions while keeping union pensions intact, receiving tens of billions of dollars in taxpayer bailout and billions more in lost stock value despite promises that taxpayers would make a profit? Crony capitalism works for the chosen few. I prefer Toyota's free market decision making process.

[torqdork]

Shock and awe in business related press. For example:

"In the annual Chief Executive magazine “Best States / Worst States” ranking that surveys CEOs for their opinions, Texas has been holding on to the No. 1 spot for a while; California seems permanently relegated to No. 50."

Other comments here:

https://www.google.com/search?q=toyo...fornia&spell=1

[strat61caster]

Originally Posted by SirBrass

The word "profit" is being tossed around like it's a bad word. It isn't. A profitable company invests its profit & grows its business. This is how wealth is created. Not just for the big wigs, but the common man as well, because as the company grows, it needs more people. That means more jobs, more income. State benefits from more revenue sources. People benefit from God jobs.

[red bread]

Haha, adding 10k people to Plano is a concern? Perhaps a quick glimpse at Wiki will put you more at ease?

Plano was the highest income place with a population of 130,000 or more in 2000. Plano was ranked the most affluent city with a population over 250,000 in the United States, with the lowest poverty rate of 6.3%. Its neighbor to the northwest, Frisco, was ranked the richest city for the population of under 250,000 in the United States, with a 2.7% poverty rate. In 2007, Plano had the highest median income of a city with a population exceeding 250,000 in the nation, at $84,492.[18] As of 2010, Plano has a median income of $103,913 annually. According to crime statistics, there were four homicides in Plano in 2006, the lowest homicide rate of all U.S. cities of 250,000 or more population.

What's amusing is that I live in Dallas, wouldn't dream of living in the 'burbs, but can also say that the blindness many Californians have to other parts of the country is amusing and explains why so many CA companies have abandoned CA for Austin and DFW over the last decade. Get used to it.

[red bread]

I'm curious how TMC relocating employees from Irvine to Plano is going to move the burden to the employee? Just a broad COLA from Orange County to Plano (and that's a little broad, given that I doubt many TMC folks were beach front in Laguna or Newport), but you end up with a $100k salary in OC equating to:

Comparable salary in Plano, TX
$70,974
Price difference in Plano, TX
Groceries 8%less
Housing 59% less
Utilities 1% more
Transportation 16% less
Health Care 6% less

And no need to pay a 10.4% state income tax. So even if your average TMC employee were to buy a home that was 2x the size of what they had in CA, they'd still end up way ahead of their current financial situation before the move.

Having worked for companies that have relocated employees en masse from a higher COLA area to a much lower one, it's extremely unlikely that TMC will materially lower transferring employees salaries, so it seems highly unlikely that those who chose to transfer will be financially burdened.

Now if you want to talk trash, mention our horrible summer temps, the absurd accents, the number of folks packing heat, roadkill, the poor beaches with fifty jelly fish per person, the poor quality of sushi, etc.

There are a lot of things that I prefer CA to against TX, but cost of living or my employer really sticking it to me aren't among that list.

[MokSpeed]

Originally Posted by red bread

Now if you want to talk trash, mention our horrible summer temps, the absurd accents, the number of folks packing heat, roadkill, the poor beaches with fifty jelly fish per person, the poor quality of sushi, etc.
.

Don't get me started with our summers....

Sushi is bomb in Dallas where the hell are you eating?

[DAEMANO]

I think peeps are severely underestimating what it takes to provide services & housing for 10,000 families in any area. Additionally the median income of an area has virtually no impact on a municipalities current housing & infrastructure capacity as they tend to build only the capacity that is currently required (not more). This isn't about state pride, but instead about cheerleading when a company that is already the most profitable in it's industry upends it's workforce solely to improve those profits. But hey, yeeehaw don't mess with Texas. You're #1! 'Murica! Get a brain morans. Go USA.

[strat61caster]

Originally Posted by red bread

I'm curious how TMC relocating employees from Irvine to Plano is going to move the burden to the employee?

Where'd you pull Irvine from? I'd bet my bottom dollar that some employees reside in Irvine but that's a 2+ hour commute daily to the location in Torrance that is migrating.

It's definitely a win financially on an individual basis, you'd be hard pressed to find someone logical disagreeing with you there. My gut is with Daemano, this is a company that is posting record profits and is giving it's first pay raise to it's Japanese factory employees in 6 years.

http://www.bloomberg.com/news/2014-0...d-profits.html

The rich get richer

[red bread]

Originally Posted by MokSpeed

Don't get me started with our summers....

Sushi is bomb in Dallas where the hell are you eating?

Sushi here is nothing near the same as what you get in Coastal California.

[red bread]

Originally Posted by DAEMANO

I think peeps are severely underestimating what it takes to provide services & housing for 10,000 families in any area. Additionally the median income of an area has virtually no impact on a municipalities current housing & infrastructure capacity as they tend to build only the capacity that is currently required (not more). This isn't about state pride, but instead about cheerleading when a company that is already the most profitable in it's industry upends it's workforce solely to improve those profits. But hey, yeeehaw don't mess with Texas. You're #1! 'Murica! Get a brain morans. Go USA.

Easy there killer, you may have noticed I'm not really cheerleading TX, simply stating that your criticisms are misplaced. My copy and paste skills however may indicate that I'm a "moran" as I'd intended to grab growth info about Plano, which has grown at double digit rates for the last fifteen years.

At least on this end, we're only talking about 4k folks; perhaps 10k total TMC employees are being effected by this horribly evil and regrettably profitable company (that made one of your cars).

[red bread]

Originally Posted by strat61caster

Where'd you pull Irvine from? I'd bet my bottom dollar that some employees reside in Irvine but thats a 2+ hour commute daily to the location that in Torrance that is migrating.

D'oh, gooned that one up too, moran status achieved! I'd just assumed it was the facility in Irvine I used to pass on my old commute. I pulled a COLA from Orange County for the above stats.