 Tesla is probably going to leave California ahead over to Texas Now I want to make this video not talking about what's going on with Elon Musk mind you That's example that I want to use but what I do want to talk about is two things capital flight and Intellectual capital flight two really important things a lot of people don't talk about and it's perfect example What's happening right now in the world? Most people are sheeple most people will listen to the government and will listen to politicians or bureaucracians I like to call them and they think that these people on top have the best interest for them mind you 99% of these bureaucracians on top have Zero skill set for the position that they're in zero. I mean absolutely zero skills. They're politicians Their job is to get boats. That's it and the story nothing else And so what we see throughout the history of civilization is these two things smart people leave capital leaves And so what you're seeing today is the hollowing out of California You have all these ridiculous Legislations brought in white virtue signaling. They are gearing towards the lowest common denominator of voters It's all about boats I want to stay in power as long as I possibly can and The they do not think of second-order thinking third-order thinking So if what that means is if you put this policy in What's gonna happen downstream domino effect right one two three four five And you say it happening all over the place. This is why in the United States Florida Nevada, Texas are having huge influx of both Residents and influx of business why they're more competitive. It's better for them better tax policies Better state taxes overall. It's a better environment for you to either live or to do business in so Elon had enough Right. He's like we he they're the last car manufacturer in California right now and the California local whatever Minicipality is saying listen you guys can't open up the plant Tesla's like I'm not having this like we're open up in China. We're open everywhere else. We're off to Texas So you can look at his link. I'm gonna put a little thing below this video to show you where he's talking about on Twitter But this is really good example of listen You may not be Elon Musk, but we are in an opportunity right now in the world where you are not beholden to where you live. I Want to really repeat that you are not beholden to where you live We we live we have such optionality these days where you can move around Whether that is moving your business legally outside of the jurisdiction where you're in whether that is physically moving somewhere Or whether that's hiring people Outside of your jurisdiction class example all the businesses I've been in Require heavy-duty marketing require heavy-duty SEO require sales team Based on regulations based on policies It's actually cheaper and more efficient for me to hire overseas This is why even in Silicon Valley majority of the developer teams are in India are in Ukraine are in Romania We personally for me a lot of our teams in Ukraine right now dollar goes there much further Great talent. We're not beholden to retarded fucking bureaucratic Policies that we have to do jump around hoops and bounds to just get something started And so the more that the noose is tightened With politicians with the bureaucracians two major things happen one businesses that aren't getting proper Environmental favors or businesses that don't have proper incentives to stay they leave they they leave That's as simple as that and what happens when they leave jobs go So Elon's gonna take us factory from Cali to Texas. Where do you think the workers are gonna go there? Nowhere They're gonna hire people people in Texas And simple economics man like do not trust the bureaucracians. They don't know how to do business Their only job is to get votes. That's it. Nothing else is to get votes They're not here to make your life better. You think they personally care about you come on now Come on. What am I living in fucking Twilight Zone? There's actually people out there Did they believe the politicians care about them? It's like I'm gonna fucking pull whatever remaining hair I have it on my fucking head off of me like Jesus fucking Christ man And then you have people who are very smart so we call this intellectual capital They leave to and they leave a multitude of different ways They leave by a Working for other companies outside of the geographic area This is why a lot of companies in the United States hire people in Canada Why because of one you have great 4x opportunity when it comes to the American dollar for the exchange to Canadian dollar You're getting already like let's say on average 20% premium Number two the base salary for the same type of developer in Ontario for the same type of developer in California is much cheaper So in California you're fighting for top tier developers from like $200,000 and up US dollar Mind you you can come to Toronto be here and get the same developer like $100,000 so 50% cheaper but Also cheaper because a dollar stronger So what's costing you $200,000 in California is costing you about $80,000 in Canada It's a fucking no-brainer and you you're like fuck it. I don't have to travel to work I don't have to drive to office. I'm getting paid 80k to work on my own time It's a no fucking brainer for you as a developer And so these are the two major things that happens in cities or in states It's the hollowing out effect the tighter the policies that beer crackings make the harder it is for people to do business Whether that is red tape for regulation where you got to check all these things out whether that is a Bert a really hard type of hard cap tax system that they have so hire the taxes known center for you work and Also the fact of how difficult it is for companies to fire in To fire people from businesses and this is a big one a lot of people don't talk about You know most people they're accustomed to a nine to five type of work And they want a steady paycheck and that's all they care about right and you have all these crazy policies over here We're like well you can't fight for this you can't for that you can't do this You can't do that and some business like what the fuck I got to run a business. I'm not a charity I'm not a non-for-profit. I'm not a fucking NGO. I'm a fucking capitalist man I got to make money or else all this shit falls apart. This is what fucking politicians don't understand class example in Toronto Google just pulled out of the sidewalk lab a deal probably worth. I don't know I don't maybe worth a hundred million dollar deal gone. Why I can take a wild guess why they fucking pulled out You know, I can take a wild fucking guess you can take a guess to you know It has to do with something but called City Hall and so going back to the firing of people all this trouble You have all this headache you as an entrepreneur 40k a year fucking devs in in Ukraine Amazing fucking SEO experts I can get in Romania in Serbia in Bosnia. I can get some ridiculous Asian talent in Taiwan right now like Freelancers contractors and it's a win-win on both sides better for their taxation gig work project work And this is a mindset you guys have to understand And so depending on your position right now guys, so maybe you are an individual doesn't mean you're stuck to where you are Like if you don't like where you're living Don't accept it as faith move and you can move in two ways You can move physically or you can move your intellectual capital meaning you can work for other businesses You don't have to work locally and you as a business if you're an entrepreneur There's a couple of things that can happen a you don't have to be legally Registered here. Maybe you register somewhere else. We're holding company and to maybe it is not the best working environment for you Go somewhere else like do not be stuck in this mindset of just because you're small You're not a Tesla that you are beholden to where you are. No, we have options Everybody has options figure out what the best option is for you We should not have the second order third order effect Hit us and we get the fucking short end of the stick because of beer crackings are making horrible decision that affects your life Affects my life and it's not good for the fucking community. It's not good for society and it's not good for our families Everybody else gets a short end in the stick while all these people what what consequences do they have for making these policies? Nothing, this is what people understand why I have such a Distain and I get and I get vexed when I talk about the beer crackings. It's not that I'm against government I believe in a very minimalized small government a better government But I get vexed because there's no accountability You make a bad policy and it fucks everybody up. What happens to you? Nothing in fact You probably get a bonus and you get a three million dollar fucking pension from the government What happens to us as an entrepreneur if we fuck up guess what? We're bankrupt personally bankrupt company bankrupt and say what workers like what happens when a politician makes a policy That makes it very difficult or makes it almost impossible from incentive structure for a business to hire people locally What happens those workers? They don't get a fucking job But what happens to the beer crackings and make those pop nothing? There's no consequences, which oh hurts my head man. There's no consequences for these people Sure, we can do whatever we want if there's no consequences like ridiculous If there's that's like a child a little kid that has no consequence. They'll do whatever. They don't give a fuck Eventually grew up to be bullies because no one's fucking slapped him in the face I'm like, yo, you fucking can't do that man. There's accountability and consequences for your fucking actions And so I just want to quickly wrap it up. We'll see man. It looks like Elon's moving to Texas Goodbye fucking California and remember guys, you're not beholden to where you are or your situation You can change things you can better yourself and always be looking for ways to upgrade yourself and upgrade your environment around you Peace out