Cristobal Young, associate professor of sociology, writes in this San Francisco Chronicle op-ed that those companies who make their money in Silicon Valley have a responsibility to pay their taxes to the "state that made them," rather than the growing trend of moving out of the high tax state right before they earn cash from their pubilc offerings.
"If tech innovators really don’t need California for their success, they should go to a low-tax place like Reno to build their business from the beginning," he writes. "They should not try to pretend they made it in Reno after becoming successful in California... It is high time for someone in Silicon Valley to speak up and say California is not just a cash machine. With great wealth comes great responsibility."
Continue reading the full story on the San Francisco Chronicle website.
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Tabs cofounders Deepak Bapat ’11 MEng ‘12, left, and Ali Hussain ’11, right.
Serge Petchenyi/Cornell University
From left, Xi Yang, PhD '10, senior lecturer of finance in the SC Johnson College of Business; Christine Ye; Christine Ye Award recipient Margaret E. Foster, doctoral candidate in communication; Cornelia Ye Award recipient Naman Agrawal, doctoral candidate in neurobiology and behavior; Cornelia Ye; and Derina Samuel, associate director of graduate student development at the Center for Teaching Innovation.
NASA, ESA, CSA, Ralf Crawford (STScI)
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