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Technology Stocks : All About Sun Microsystems
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To: Peter O'Brien who wrote (59392)3/10/2004 9:44:18 PM
From: Lizzie Tudor  Read Replies (3) of 64865
 
This is the fallacy that is often repeated. Of course those of us that live here and work here know the truth.

all it will do is accelerate business moves out of CA
to cheaper states that do not impose this tax.

Here is the situation. The reason silicon valley is in California is due to the elaborate university system we have, in large part. We let corporations freely exploit the public sector inventions for the benefit of the state and country. Applied Materials, Intel, Oracle - these companies could have never been founded in Delaware or even Utah. There is no Lawrence Livermore Lab in Delaware, no defense infrastructure, no cheap universities so in the early days companies located here, and prospered here.

Now 20 years later they are big monolithic companies who don't want to pay for the priviledge of being here anymore. They know that california relies on income taxes to fund the university system but they don't care. So they offshore all the jobs and IP that was paid for by US taxpayers. California is retaliating and for this I say FINE.

If Applied Materials wants to move to the Bahamas fine. Or Utah or Delaware or China. This was tolerated in the 90s when everyone was doing well but no more. If they try to relocate to timbuktu- *while still performing their primary business functions here*, they need to pay for that priviledge of receiving the benefits of an SV company. Anyone who doesn't like it- move to China or wherever you want.

I am completely unconcerned with any threats that these companies "may move". Many firms like Oracle are actually a drain on the state at this point anyway imho. If they aren't going to hire here, we don't want them.
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