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New Jersey officials sued Exxon, Chevron and other fossil-fuel companies in 2022, alleging they contributed to climate change and forced the state to spend billions cleaning up after major natural disasters such as Superstorm Sandy and Hurricane Ida. The suit was dismissed last year.

Exxon has also faced years of high-profile clashes with activist investors and climate-focused shareholder campaigns.

BDKJMU wrote: ↑Wed Mar 11, 2026 11:47 am Announced yesterday, after 144 years Standard Oil/Standard Oil of NJ/Exxon/Exxon Mobil moving its state of incorporation from business unfriendly NJ to Bill of Rights unfriendly Texas.

https://www.reuters.com/legal/governmen ... 026-03-10/

NJ only has themselves to blame

New Jersey officials sued Exxon, Chevron and other fossil-fuel companies in 2022, alleging they contributed to climate change and forced the state to spend billions cleaning up after major natural disasters such as Superstorm Sandy and Hurricane Ida. The suit was dismissed last year.

Exxon has also faced years of high-profile clashes with activist investors and climate-focused shareholder campaigns.

200 billionaires plan exit from California ahead of looming $100B wealth tax

California's ultra-wealthy are accelerating their departures from the state ahead of a pivotal January 1, 2026, residency deadline tied to a proposed wealth tax. Tax strategist David Lesperance reports that his billionaire clients are already registering to vote elsewhere and booking DMV appointments outside California, treating the measure as an imminent threat despite its November 2026 ballot date.
Around 200 billionaires, controlling roughly $2 trillion in wealth, stand to face a one-time 5% tax under the union-backed Billionaire Tax Act…..

• Larry Page (Google co-founder)
• Sergey Brin (Google co-founder)
• Peter Thiel (PayPal/Palantir)
• David Sacks (Craft Ventures)
• Don Hankey (Hankey Group)
• Lynsi Snyder (In-N-Out Burger)
• Mark Zuckerberg (Meta)

kalm wrote: ↑Wed Mar 11, 2026 12:12 pm So they’re fleeing corporate responsibility? Makes sense.

BDKJMU wrote: ↑Wed Mar 11, 2026 12:20 pm

kalm wrote: ↑Wed Mar 11, 2026 12:12 pm So they’re fleeing corporate responsibility? Makes sense.

No, they‘re fleeing government irresponsibility. Doing what is best for their employees, customers, and shareholders. Makes sense.

as wealthier individuals, people who own companies leave the state, it will be the MIDDLE CLASS WHO ARE LEFT HOLDING THE BAG and asked to pay more to cover the existing services and infrastructure maintenance that the state needs.”

— San Jose Mayor Matt Mahan

GannonFan wrote: ↑Wed Mar 11, 2026 12:34 pm

BDKJMU wrote: ↑Wed Mar 11, 2026 12:20 pm
No, they‘re fleeing government irresponsibility. Doing what is best for their employees, customers, and shareholders. Makes sense.

It's not the responsibility of corporations to stay put and pay whatever tax they are told to pay. In today's bigger world, corporations pay less and less tax anyway. Areas that don't realize this and still tax the corporations themselves at higher levels will naturally lose these businesses. The tax money comes from taxing the employees and shareholders through income tax and capital gains. It does get harder and harder to recruit people to your company when the company is situated in a high tax state, especially a state that is in the habit of raising taxes over time. that part just makes sense. Granted, I've also said that the real high earners, the directors and such, are always dodging taxes by being paid something other than an income (i.e. no income tax) and get taxed far less, if at all, through those different ways to get paid. We need to and we should close those loopholes and avenues that are only available to the very wealthy.

Caribbean Hen wrote: ↑Fri Mar 20, 2026 9:35 am

GannonFan wrote: ↑Wed Mar 11, 2026 12:34 pm
It's not the responsibility of corporations to stay put and pay whatever tax they are told to pay. In today's bigger world, corporations pay less and less tax anyway. Areas that don't realize this and still tax the corporations themselves at higher levels will naturally lose these businesses. The tax money comes from taxing the employees and shareholders through income tax and capital gains. It does get harder and harder to recruit people to your company when the company is situated in a high tax state, especially a state that is in the habit of raising taxes over time. that part just makes sense. Granted, I've also said that the real high earners, the directors and such, are always dodging taxes by being paid something other than an income (i.e. no income tax) and get taxed far less, if at all, through those different ways to get paid. We need to and we should close those loopholes and avenues that are only available to the very wealthy.

According to the NY Governor…

Hochul, speaking during a Politico event this month, said "high-net-worth" people need to stay in New York to support the "generous social programs we want to have in our state."

Wow horrible

“What I want to make sure, we are smart about is having a system in place where it’s not just taxing for the sake of taxing,” Hochul said, making the case to keep wealthy earners in the Empire State, during a forum hosted by Politico in Albany Wednesday. “I need people who are high net worth to support the generous social programs that we want to have in our state.”
...
“So I, philosophically, don’t have a problem, but I have to look at [the] fact that I am in competition with other states who have less of a tax burden on their corporations and their individuals,” the governor said.

Caribbean Hen wrote: ↑Fri Mar 20, 2026 1:54 pm “There are some patriotic millionaires who stepped up. OK, cut me the checks. If you want to be supportive — but maybe the first step should be [to] go down to Palm Beach and see who you can bring back home, because our tax has been eroded."

I don’t understand why any hard-working high earner is still in New York to be taxed by Lady Kathy

Like I have said numerous times, Miami is a boom town

UNI88 wrote: ↑Fri Mar 20, 2026 2:04 pm

Caribbean Hen wrote: ↑Fri Mar 20, 2026 1:54 pm “There are some patriotic millionaires who stepped up. OK, cut me the checks. If you want to be supportive — but maybe the first step should be [to] go down to Palm Beach and see who you can bring back home, because our tax has been eroded."

I don’t understand why any hard-working high earner is still in New York to be taxed by Lady Kathy

Like I have said numerous times, Miami is a boom town

You bitch and moan about that but not about trump, Whiskeyleaks and others saying the press should only publish positive news about the Iran War?

But trump! tDS! blah, biased, blah, partisan hack, blah ...

kalm wrote: ↑Fri Mar 20, 2026 4:45 pm The problem for these folks is they’d have to live in a red state.

Somehow, similar to our peer countries and blue state standard of living, education, roads, etc., I think we’ll be fine.

kalm wrote: ↑Fri Mar 20, 2026 4:45 pm The problem for these folks is they’d have to live in a red state.

Somehow, similar to our peer countries and blue state standard of living, education, roads, etc., I think we’ll be fine.

BDKJMU wrote: ↑Fri Mar 20, 2026 6:01 pm

kalm wrote: ↑Fri Mar 20, 2026 4:45 pm The problem for these folks is they’d have to live in a red state.

Somehow, similar to our peer countries and blue state standard of living, education, roads, etc., I think we’ll be fine.

Yeah they‘ll go to live in no income tax places like TX, TN, and FL, wersus shithole high tax blue states like CA, NJ, NY.

9 states have proven they can get by fine with no state income tax, so there‘s no reason all 50 couldn‘t get rid of theirs.

Caribbean Hen wrote: ↑Fri Mar 20, 2026 6:18 pm

kalm wrote: ↑Fri Mar 20, 2026 4:45 pm The problem for these folks is they’d have to live in a red state.

Somehow, similar to our peer countries and blue state standard of living, education, roads, etc., I think we’ll be fine.

Wow you are so brainwashed

Total nonsense from you

kalm wrote: ↑Fri Mar 20, 2026 6:49 pm

BDKJMU wrote: ↑Fri Mar 20, 2026 6:01 pm
Yeah they‘ll go to live in no income tax places like TX, TN, and FL, wersus shithole high tax blue states like CA, NJ, NY.

9 states have proven they can get by fine with no state income tax, so there‘s no reason all 50 couldn‘t get rid of theirs.

I live in one of those 9.

Government will find a way to collect taxes
on account of… you know … paying for things like roads, law enforcement, regulatory agencies, education. The federal taxes were as high as 91% after the first few million in income. That’s how we paid down a massive amount of debt from WWII and yet still thrived as a country with massive infrastructure (interstate Highway program), the GI Bill, while still enabling the growth of private industry.

As an aside, I would take a look at replacing certain services with user fees as trade off but there are issues with that too.

The shithole states are ones like neighboring Idaho where they underfund things and it shows in the form of road maintenance, educational outcomes, etc.

I love my state parks and boat launches, and department of ecology which prevents more pollution and improves salmon habitat.