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Samsung Joins Blue-State Exodus, Moves U.S. HQ From New Jersey To Texas
We're still trying to settle on a name for the new "Rust Belt" for blue states, where high taxes, de-growth climate policies, permitting paralysis, and an obsession with woke governance have sparked a historic outflow of people, businesses, and capital to red states.
The old Rust Belt was hollowed out by decades of deindustrialization. This new version in blue states is being hollowed out by self-inflicted progressive policy failures after policy failures after policy failures.
The latest, and one of the most abrupt examples, is South Korean tech giant Samsung Electronics shifting its U.S. headquarters from lefty-controlled New Jersey to red-state Texas, which is governed by common sense.
Samsung is moving its U.S. headquarters to its existing campus in Plano, Texas.
Samsung Electronics America is abandoning its brand-new, 270,000 SF North Jersey headquarters after just eight months to consolidate operations in Plano, Texas.
The abrupt exit of 1,000 corporate… pic.twitter.com/uz9joDU3Dh
"Samsung Electronics America Inc. is undergoing a business transformation designed to better position our organization for long-term growth and future success. As part of this effort, we are relocating our U.S. headquarters from New Jersey to our existing campus in Plano, Texas, building on our 30-year presence in the state," the company said in a statement. "The transition, which will be completed by the end of the year, is intended to strengthen alignment across teams and offices, and sharpen our focus on the areas that will drive the greatest impact for our customers, partners, and business."
The statement by the memory chip giant did not explain why they're relocating their US headquarters. But we can only guess what it came down to: an unfavorable business environment.
New Jersey has one of the highest corporate tax burdens in the US, coming in at 9% for companies with more than $100,000 in total net income. Smaller companies pay lower rates of 7.5% or 6.5%, depending on income.
For mega corporations, the rate can be even higher. New Jersey added a 2.5% Corporate Transit Fee on businesses with more than $10 million in taxable net income allocated to the state, bringing the effective top rate to 11.5% for those companies.
Samsung's decision was most likely rooted in Texas' long-standing policy of no corporate income tax.
"Imagine turning on the morning news in Texas and watching them celebrate jobs leaving New Jersey," NJ Assembly GOP wrote on X earlier today, adding, "The numbers are damning: New Jersey has the highest corporate tax rate in the nation. Texas has no corporate income tax. We've introduced the fixes. Democrats blocked everyone. Texas gets the jobs. New Jersey gets to keep old ribbon-cutting photos."
Imagine turning on the morning news in Texas and watching them celebrate jobs leaving New Jersey.
That's exactly what @GoodDayFox4 and @FOX4 are doing after Samsung announced it's moving its U.S. headquarters from New Jersey to Texas.
The numbers are damning: New Jersey has the… pic.twitter.com/nY9F33fZpZ
Another X user noted, "Whether it's Samsung, Mercedes-Benz, Hertz, ExxonMobil, or other major employers, the message is becoming impossible to ignore: businesses are voting with their feet. And, the Democrats in the State House are not making it any easier for businesses - the legislation or administrative rules as of late has been so anti-business."
Woah! I guess the Samsung folks ran into the executives from Mercedes-Benz, Hertz, ExxonMobil, and Budweiser while they were finding the exit door from New Jersey.
Whether it’s Samsung, Mercedes-Benz, Hertz, ExxonMobil, or other major employers, the message is becoming… https://t.co/LBq3yJvLhN
What is significant here is that Samsung opened its headquarters in New Jersey only eight months ago, suggesting that the state's political and economic environment has deteriorated since.
Samsung didn't want to say if New Jersey's economics caused them to move to Texas
WE ALL KNOW IT WAS, Texas has 0% Corporate Tax vs Jersey's worst in the nation 11.5% https://t.co/TChqAk4p62 pic.twitter.com/4GUKLOcnQX
Last month, The Economist published an article titled "Texas Is Becoming America Inc.'s Center of Gravity," pointing out that corporations are voting with their feet and fleeing blue states.
Related:
- Johns Hopkins Finds Blue State Exodus To Persist For Years
- Blue States Are Still Facing A Mass Taxpayer Exodus Long After COVID
Democrats have zero self-awareness that their state-killing policies are only pushing people, companies, and money to red states.
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US Special Ops Fields Caliber-Swapping MK24 Rifle For 7.62 Combat And 6.5 Range
Authored by Aamir Khollam via Interesting Engineering,
A new rifle heading to U.S. special operations forces can switch between 7.62mm NATO and 6.5mm Creedmoor ammunition in roughly a minute, giving operators a way to adapt to changing mission requirements without carrying separate weapon systems.
MK24 modular rifle (LMT Defense on Facebook)The weapon, known as the MK24 Medium Range Gas Gun Assault (MRGG-A), will begin reaching units before the end of the fiscal year. U.S. Special Operations Command (SOCOM) selected the platform to replace the MK17 SCAR and awarded manufacturer LMT Defense a 10-year, $92 million contract last year. The rifle also supports SOCOM's broader effort to improve performance at longer ranges while maintaining flexibility in the field.
Built For FlexibilityThe MK24's defining feature is its quick-change barrel system. Operators can swap between 7.62mm NATO and 6.5mm Creedmoor configurations in about a minute, allowing the weapon to adapt to different operational needs.
The requirement emerged from real-world deployment challenges. U.S. forces frequently operate alongside partner militaries that rely on different ammunition stocks. By allowing rapid caliber changes, the MK24 can continue using widely available 7.62mm rounds while giving operators access to 6.5mm Creedmoor when missions demand greater accuracy at distance.
LMT Defense designed the rifle around a 14.5-inch barrel, creating a package closer in size to an M4 carbine. Despite its compact footprint, the weapon aims to deliver the performance expected from larger precision-focused systems.
Why 6.5 CreedmoorThe adoption of 6.5mm Creedmoor reflects years of testing by SOCOM as it evaluated alternatives to legacy military cartridges. The command examined nearly two dozen ammunition types and reportedly found that 6.5mm Creedmoor delivered some of the strongest overall performance at ranges approaching 1,000 meters.
That advantage has attracted growing interest across the military. While 7.62mm NATO remains a mainstay of U.S. forces, newer cartridges have demonstrated improved long-range accuracy and energy retention. The Army has already started introducing its Next Generation Squad Weapons chambered in 6.8x51mm as part of a similar modernization effort.
For SOCOM, the shift is not simply about replacing ammunition. The command has spent several years searching for weapon systems that can engage targets farther away while reducing logistical burdens on deployed units.
Expanding Long-Range CapabilitiesThe MK24 is one piece of a wider small-arms modernization program. In recent years, SOCOM has explored new rifles and machine guns capable of extending engagement distances beyond those of existing platforms.
Those efforts resulted in contracts for a new 6.5mm sniper rifle from Geissele Automatics and a lightweight machine gun chambered in .338 Norma Magnum from Sig Sauer. Although fielding of the machine gun has been paused, the programs reflect SOCOM's interest in cartridges that offer greater effectiveness at extended ranges while reducing system weight.
Officials involved with the program have highlighted the MK24's accuracy and adaptability as major advantages. Beyond replacing the MK17 SCAR, the rifle introduces a modular approach that allows a single platform to fill multiple roles. As fielding begins, the weapon will give special operations units the ability to move between 7.62mm combat loads and 6.5mm long-range configurations with minimal disruption in the field.
Tyler Durden Wed, 06/03/2026 - 21:45