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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Diane who wrote (423160)	7/5/2003 12:38:07 AM
From: American Spirit	Respond to of 769670

Silicon Valley's real estate prices are the highest in the country. That's why companies are moving. They want to cut salaries and when employees can't afford a house ---

To: Diane who wrote (423160)	7/5/2003 12:24:55 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769670

well I believe the discussion on companies leaving SV was Lazarus Long asking if I wanted all businesses to leave Ca, presumably because I want to overturn Prop 13. This would make older companies pay higher prop taxes. The 3Com move fails on a few accounts. 1) Taxes are actually HIGHER in Mass than Ca so a move was not predicated on tax benefits for sure, 2) 3Com while calling itself a 20-yr-old company actually experienced hypergrowth in the 90s with the rest of tech, and therefore maintains expensive bldgs here with high taxes - this is exactly the kind of company who would benefit from abolishing "tax revolt" (should be renamed revolting if you are under 40), 3) tech is experiencing consolidation all over the place so moves and re-orgs are likely the result of many factors not just property taxes, jmo.