Posted on 07/05/2011 7:07:09 AM PDT by SeekAndFind
The state of California is becoming legendary for creating the most anti-business climate in the country because of its high taxes, excessive regulations, forced unionism, and bloated public sector. For the second year in a row, a large group of America’s CEOs recently rated California as the worst state in the country to do business in an annual survey conducted by Chief Executive Magazine. California currently ranks No. 49 among U.S. states for “business tax climate” according to the Tax Foundation’s 2011 State Business Tax Climate Index, and it ranks No. 48 for “economic freedom” according to a recent study by the Mercatus Center.
It shouldn’t be any surprise then that companies are leaving the “Golden State” in record numbers this year (see chart below) for “golder pastures” and more business-friendly climates in other states. In just the last two years, the number of companies leaving California has accelerated more than five-fold, from one per week in 2009 to 5.4 per week this year, according to California relocation expert Joe Vranich.
And now because of new online sales taxes signed into law this week by Governor Jerry Brown, California’s business climate has become even chillier. According to the L.A. Times, “Amazon.com dropped about 10,000 California-based associate sales partners late Wednesday so that it would not be forced to collect California state sales tax on purchases made through them.” Many of Amazon’s sales partners in California are small business like book stores that rely heavily on online sales to stay in business, and might now be forced out of business, or out of state.
With another new tax in place on business activity, California will likely remain at the bottom of the state rankings for business and tax climate, and it’s a good bet that the rate of “disinvestment events” (companies leaving California) will accelerate ever more.
Who is John Galt?.........................
If CA is #49, who is #50?..................
And the Democrats are screaming that GOP is trying to sabotage the economy. Any honest person with an IQ above 70 knows that it is the exact opposite. Liberal/leftist California is a prime exhibit.
It is Democrats who do everything that they can to take from, hold back and control businesses and those who create them. It is Democrats who are war with business. It is Republicans-or at least conservatives and libertarians-who want to unleash those who build and drive the economy. To say that conservatives want to destroy the economy is to live in an upside-down world. A world in which evil is called good and good evil.
How’s that greenie-pinkie thingy working for you Cal?
Just compare Cali to Texas.
Hawaii.
Another fact finding trip to Texas?
New York
Which means they’ll default faster and thus request Federal assistance to help pay for the college tuition and healthcare of illegal Mexicans.
NY is #50
CA is #49
NJ is #48
CT is #47
OH is #46
Two things are certain in Life:
Death and Taxes.
In California you get both at the same time.
and 51, 52, 53, 54, 55, 56, 57?
Don’t worry, they will replace them with Federally subsidized “Green” business. (Or so they think)
They also believe that those industries leaving, are evil “polluters” anyway so for them, they consider this a great victory as well as a blessing. I am also sure that they believe that this will actually attract far more business there than will leave, and will achieve a quicker environmental/economic “Utopia” for the long term.
NY according to the link.
You also have Bill Clinton saying that jobs will be created by FORCING all buildings to be retrofitted to green energy systems.
The easiest thing in the world to see is the Dim agenda. It's on display everytime they accuse Republicans of something.
Perhaps someone should make an Business Climate Misery Index which would incorporate the effect of unions on business climate.
In those states that are growing it is business climate warming as opposed to business climate change.
What a wise move for me from Connecticut #47 to Florida #5.
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