Originally Posted by
pushFD
That's just, "economic activity," but weirdly disregarding economic activity due to any of those "big tech" or "financial centers." It is obvious that millions of people (likely billions) are using the "big tech" and "financial centers" and find them to be useful goods and services. Same for service economy. I don't get this point at all.
What he means is that me sending my 1040 ES checks to the IRS in San Francisco does not really mean that’s economic activity unique to California. The IRS would have still taken the money if I’d have sent it to an office somewhere else. There is nothing unique about California in that regard. It’s not so much THEIR economic activity as it is economic activity that currently flows through the state but is actually pretty readily moved - like all the tech companies moving to Austin.