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The Great Golden State Business Exodus
Investor's Business Daily ^ | 1/3/12 | Staff

Posted on 01/03/2012 5:26:34 PM PST by Nachum

States: California's in trouble. Businesses are leaving along with intellectual and investment capital and skilled workers. But rather than face up to serious problems, legislators pass silly laws. One would think that given the serious nature of the state's problems, the legislature would focus on solutions at the exclusion of all else. Instead, lawmakers — what would we ever do without them? — found the time in 2011 to trespass even deeper into Californians' personal lives. Topping off Sacramento's monument to foolishness is a law requiring children younger than 8, except for those taller than 4 feet 9 inches,

(Excerpt) Read more at news.investors.com ...


TOPICS: News/Current Events
KEYWORDS: business; exodus; golden; state

1 posted on 01/03/2012 5:26:40 PM PST by Nachum
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To: Nachum

I am not saying I am serious “intellectual capital” but I do have a six-figure income and California (the land of my birth and home for over 5 decades) pushed me out with its insanity.

I love being a Texan — much smarter laws and much nicer folk.


2 posted on 01/03/2012 5:30:21 PM PST by freedumb2003 (Spoiler Alert! The secret to Terra Nova: THEY ARE ALL DEAD!!!)
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To: Nachum

Cauliphonya appears to be intentionally driving out all of the normal people.


3 posted on 01/03/2012 5:32:12 PM PST by FlingWingFlyer (Stop BIG Government Greed!!!!!)
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To: Nachum
I thought all business had already left? Hmmmm... I guess there are one or two left... With big cuts to welfare, I guess they'll be leaving too. Well be stuck with armies of illegal alien landscapers cutting grass for the wealthy. Of course if all the wealthy are gone too??
4 posted on 01/03/2012 5:32:27 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Nachum

The ship deserting the sinking rats.


5 posted on 01/03/2012 5:34:22 PM PST by YHAOS (you betcha!)
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To: freedumb2003
I love being a Texan — much smarter laws and much nicer folk.

and you don't have to say things like 'sorry for invading your space' when you talk to someone in a public area.......

6 posted on 01/03/2012 5:34:32 PM PST by Lockbox (`)
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To: Nachum
I rented the movie version of Atlas Shrugged(Part 1) last night. The movie followed the book pretty well, but this article reminded me of the stupid way the politicians in that movie behaved.
7 posted on 01/03/2012 5:36:37 PM PST by YankeeReb
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To: Nachum

Watch for armies of illegal alien landscapers moving east...


8 posted on 01/03/2012 5:42:17 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: freedumb2003

Congratulations on your move! I have family in Texas and always enjoy visiting them.
I can definitely see retiring there.


9 posted on 01/03/2012 6:04:43 PM PST by Lancey Howard
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To: Nachum
Vranich calls California the worst state in the nation to locate a business, Los Angeles the worst city. He estimates a business can save 40% in costs just by leaving.

Not too long and a company won't be able to afford the price of doing business in CA.
10 posted on 01/03/2012 6:05:36 PM PST by King_Corey (www.kingcorey.com -- Twitter @KingCorey_Com)
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To: Lancey Howard

Y’all come on here!

:)


11 posted on 01/03/2012 6:09:35 PM PST by freedumb2003 (Spoiler Alert! The secret to Terra Nova: THEY ARE ALL DEAD!!!)
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To: Nachum
I know that no one else in California will agree with me on this, but this is partly a result of Prop 13.

The good people of California only need to make sure that slightly more than 1/3rd of their representatives are Republicans in order to keep their taxes from going up. Meanwhile the huge majority of Democrats can pass wave after wave of increasingly socialist legislation.

If every vote in the state legislature was simple majority wins, then the Republicans might have a fighting chance to get a majority every once and a while.

Certainly the indoctrinated liberals will support ever-increasing spending and taxing, but the average voter will revolt at some point.

Right now with Prop 13 we all get to have our cake and eat it to: more and more government programs with no fear of raising taxes.

Let our grandchildren eat ...?

12 posted on 01/03/2012 6:17:00 PM PST by who_would_fardels_bear
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To: Nachum
It is now also illegal in California...to buy alcoholic beverages at self-checkout lines.

Although its supporters claimed that the purpose of this law was to "protect the children," its real purpose was to protect the jobs of unionized clerks at the check stands and to force fully-automated stores such as Fresh and Easy to hire unionized checkers or go out of business.

13 posted on 01/03/2012 6:19:11 PM PST by Fiji Hill
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To: who_would_fardels_bear
I know that no one else in California will agree with me on this, but this is partly a result of Prop 13.

Why?

14 posted on 01/03/2012 6:22:00 PM PST by Fiji Hill
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To: who_would_fardels_bear
I know that no one else in California will agree with me on this, but this is partly a result of Prop 13.

You're right. No one in California will agree with you.

15 posted on 01/03/2012 6:25:43 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: who_would_fardels_bear
know that no one else in California will agree with me on this, but this is partly a result of Prop 13.


16 posted on 01/03/2012 6:29:06 PM PST by Michael.SF. (When you hear hooves, think horses, not zebras.)
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To: who_would_fardels_bear

“I know that no one else in California will agree with me on this, but this is partly a result of Prop 13.”

Sorry, but I disagree. Without Prop 13, the demise of the state would pick up speed at an alarming rate. As a commercial property owner, I am concerned that the RATs may try to “split off” commercial property from the constraints of Prop 13 and try to finance their madness on the backs of business property owners. My leases now contain a clause that becomes operative if the RATs are ever successful at making this change so that my tenants have to cover the additional taxes should they ever be imposed. On the other hand, they could choose to leave the state and that would be the end of me.
I am just hoping that California crashes before they can get the law changed.


17 posted on 01/03/2012 6:40:46 PM PST by vette6387 (Enough Already!)
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To: Nachum

Who cares?

As soon as the democrats get all the illegals voting illegally and they reach 51%, California will vote to secede and join Mexico.


18 posted on 01/03/2012 6:46:17 PM PST by oldbill
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To: who_would_fardels_bear

Prop 13 was the best thing that ever happened to CA. Every time a property sells it gets gets reassessed...at a higher rate of course.


19 posted on 01/03/2012 6:49:30 PM PST by gloworm
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To: dragnet2

Per capita Mexico has more billionaires than any Western nation on Earth. You’d think the landscaping business would be booming down there.


20 posted on 01/03/2012 6:58:52 PM PST by jmacusa
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To: who_would_fardels_bear

California remained the “Golden State” long after Prop. 13 passed and the state flourished for many years in 85/86 the ridiculous extremest radical environmentalist crap kicked in and the very lucrative and specialized oil industry jobs were immediately shut down.
That was Chapter 2 in the decline, Chapter One was not deporting the illegals.

I know, I was a resident. I left for the same reasons folks are leaving now.

Steve Jobs, Apple and Silicon Valley saved your butts for a bit.

Success always brings know it all Liberals from back East who invade like locusts and kill everything in sight.

End of Story.


21 posted on 01/03/2012 7:04:26 PM PST by acapesket
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To: who_would_fardels_bear

Reagan and Prop 13 were the only 2 sane things that Ca has done in the past 40+ years. I’m sure theirs a few more, but I can’t think of them off hand.


22 posted on 01/03/2012 7:13:50 PM PST by desertfreedom765
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To: Nachum

Oh, it’s far too late for us Californians!

One only has to look at the results of the 2008 elections to see that most of the leftist radicals (like Brown) were voted into office with well over 10 percentage points (and lots of voter fraud) — they left the Republicans in the dust. There is no turning back at this point, and as Pat Buchanan says: Demographic is Destiny!

Anyone from another state driving around my formerly nice California city would be shocked at how many businesses are boarded up — and have been that way for several years.

I’d leave too if it weren’t for job constraints and elderly relatives who have no one else. We are being taxed out of existence here with calls from the statehouse for even higher taxes! Someone has to pay for all the illegals Section 8 housing, medical bills, EBT cards and education for their children.

What was that expression by Margaret Thatcher? Something about sooner or later the socialists run out of other people’s money. California is on the brink of bankruptcy.

What do you think is going to happen when the EBT cards run out?


23 posted on 01/03/2012 7:14:27 PM PST by Bon of Babble (The Road to Ruin is Always Kept in Good Repair)
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To: Bon of Babble
Oh, it’s far too late for us Californians!

Oh, I am not so sure of that. Now that there is no more tax base to finance socialist fantasies, things stand a chance of changing.

Brown is already cutting some things. Soon more things. Like Illinois, we have chased or are chasing every legitimate business out of the state. Property values are falling, and will fall even further. This is putting an even greater hurt on the tax base.

We have to hit bottom before the idiot socialists will have no choice but offer incentives for business to return. I give it one or two years.

Hey, I'm an optimist.

24 posted on 01/03/2012 7:22:59 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

It’s looking like the Golden States No longer Golden.Lets just say their Government killed the goose that layed the Golden Egg.

Not that I’m happy about it because my own State,Connecticut is trying to follow California’s example.


25 posted on 01/03/2012 8:01:44 PM PST by puppypusher (The World is going to the dogs.)
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To: who_would_fardels_bear

Right now with Prop 13 we all get to have our cake and eat it to: more and more government programs with no fear of raising taxes.

So why are you putting the blame on prop 13 when more and more gov programs and spending is the real problem. By suggesting that prop 13 is a problem, you’re really saying that we should tax more to keep up with the obscene spending.

Thank God for Prop 13. Without it we’d all be taxed to death here. Certainly very few could own property. Taxes could easily be more than a person’s mortgage payment. The crooks who run California are the problem, not taxpayers prop 13 revolt.


26 posted on 01/03/2012 8:18:37 PM PST by Joan Kerrey
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To: Nachum

Note to California politicians, public unions, and illegal aliens: The good ship Golden State (aka “Titanic II” has hit the iceberg of rising taxes, increased Draconian regulations, and out of control spending. Robbibg Peter to pay Paul, while exacting a huge service fee has just about killed the productive sector in CA.

The productive business and taxpayers are voting by abandoning ship, It isn’t a question of whether California can survive, but when it takes its final plunge into oblivion. The productive are in the lifeboats and racing from Titanic II. Meanwhile the illegals, union morons, a political whores are rearranging the deck chairs as the ship of state continues to sink.

Bye-bye, California. Last one out, turn out the lights and lock the door — or not, because it will have been stripped and sold by illegals.


27 posted on 01/03/2012 8:45:42 PM PST by MasterGunner01 (11)
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To: Nachum

We left, along with my husband’s business, 2+ years ago. Motor-voter did California in. When you have foreigners affecting politics, the USA (and the States) suffer. Don’t let the Obama Admin make Motor-voter the Law of the Land! Our Land will be lost forever!


28 posted on 01/03/2012 8:49:47 PM PST by originalbuckeye
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To: jmacusa
Watch for armies of illegal alien landscapers moving east.. Per capita Mexico has more billionaires than any Western nation on Earth. You’d think the landscaping business would be booming down there.

I'm sure it is. The only ones I see keeping their illegal landscapers, are the very wealthy folk and those on government pensions. Most everyone else in CA gave them up when all collapsed. Funny watching those still able to hang onto their homes, now doing their own yard work. Not to mention plumbing, auto repair etc.

29 posted on 01/03/2012 9:02:45 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: originalbuckeye

We also pulled a new company out of Cali. We moved it before one single dime of income was created. It could have provided many good jobs in ca but now it never will.
The new company is doing well and on target to create substantial incomes for many people.


30 posted on 01/03/2012 9:04:57 PM PST by oldenuff2no (Rangers lead the way...... Delta, the original European home land security)
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To: gloworm

“Every time a property sells it gets gets reassessed...at a higher rate of course.”

I had a friend who lived near Sacramento explain the problem with the property tax cap to me in simple terms: If you live in an area with capped taxes, the only way to increaserevenue beyond that is to sucker new buyers into the neighborhood. The “suckers”, rather than buy into an area where their taxes will be double that of the “established” folks, simply band together and set up a new town a few miles down the road (as there is no shortage of land in CA). This leaves the original neighborhood to shrivel on the vine, as the tax cap makes services unaffordable at the lower tax rate (at least at the level the “established” people want); as those people die off the town does, too. Twenty years later the cycle repeats at the “new town”, with people buying or building even further out from the original town.

BTW, this will be happening now in NJ since Gov. Christie capped our taxes; they can increase 2%, while teachers are still being given raises of 4% - hence the MASSIVE police layoffs (their union isn’t as strong). While I know it is not a long-term solution, the tax cap is the only way for many of us to continue to stay in our homes - we didn’t “overpay” for them, but have been RAPED with property tax increases. This hasn’t just driven people & businesses out of NJ; it has made our homes impossible to sell. That is why Christie would win re-election until the end of his life if he could - he is NJ’s only hope.


31 posted on 01/03/2012 9:50:47 PM PST by kearnyirish2
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To: Joan Kerrey

I agree; see # 31.

NJ has the same problems.


32 posted on 01/03/2012 9:53:17 PM PST by kearnyirish2
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To: who_would_fardels_bear
I know that no one else in California will agree with me on this, but this is partly a result of Prop 13.

You're right. Actually no sane person on the planet would agree with you.

33 posted on 01/03/2012 10:01:31 PM PST by P-Marlowe
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To: who_would_fardels_bear

I would make the case that Prop 13 took away local control of schools and cities, and gave more control to Sacramento, since ultimately the State wound up offsetting the shortfalls due to Prop 13. I say, better to may more in local taxes and having more control over those funds, than having to pay more in State taxes, with less control over those revenues.


34 posted on 01/03/2012 10:17:14 PM PST by dfwgator
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To: dfwgator
Finally, another sane voice in the wilderness.
35 posted on 01/03/2012 11:38:09 PM PST by who_would_fardels_bear
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To: who_would_fardels_bear

Prop 13 is a problem?

I disagree.
Ronald Reagan once said, “The problem is not that government doesn’t tax people enough, the problem is that government spends too much.”

A prison psychologist in California makes over $700,000.00 per year - money stolen from taxpayers under the threat of violence... and adds virtually nothing to real GDP.


36 posted on 01/04/2012 12:36:05 AM PST by Bon mots ("When seconds count, the police are just minutes away...")
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To: Nachum
As goes Detroit, so goes the nation... starting with California it seems...


37 posted on 01/04/2012 12:36:58 AM PST by Bon mots ("When seconds count, the police are just minutes away...")
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To: All

The main problem in California is too many grossly overpaid “public servants”, who want even higher pay & benefits.

It’s amazing how this subject never gets addressed. Instead it’s all smoke & mirrors of not enough taxes.

Does anyone remember the city manager who was making over $800k per year? The head librarian makes well over $200k + full benefits, etc.

Every week there’s articles about new pay raises for city & state workers.

The average salary in the private sector is about $35k, the average government worker is about $100k!

So let’s tax the $35k guy so the $100k guy can get a raise.

Tool funny!


38 posted on 01/04/2012 3:09:18 AM PST by OhhTee5
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To: All

The main problem in California is too many grossly overpaid “public servants”, who want even higher pay & benefits.

It’s amazing how this subject never gets addressed. Instead it’s all smoke & mirrors of not enough taxes.

Does anyone remember the city manager who was making over $800k per year? The head librarian makes well over $200k + full benefits, etc.

Every week there’s articles about new pay raises for city & state workers.

The average salary in the private sector is about $35k, the average government worker is about $100k!

So let’s tax the $35k guy so the $100k guy can get a raise.

Tool funny!


39 posted on 01/04/2012 3:09:19 AM PST by OhhTee5
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To: Bon mots
It was not my point to support higher taxes. My point is that the voters of California have adjusted to Prop 13. For greedy, self-serving reasons they make sure that just over 1/3rd of the legislature is Republican so that taxes will not be raised. Meanwhile, the Democrats pass law after law that results in greater spending.

It may seem counterintuitive, but I believe that if every vote was a mere majority vote, then the California voters would see to it that just over 1/2 of the legislators were Republican. Maybe not every term, but a sufficient number of terms so that really bad legislation could be repealed and our budget could stay in balance.

This year alone there are over 700 new laws being passed most of which are anathema to conservatives. We can sit back and say "Well at least they can't raise our taxes, too," but meanwhile California circles the drain.

With Prop 13, local control has gone out the window. Pretty much all monies collected at any level are pooled. There are local taxes that are now given to the state, and state monies that are doled out to cities. It is a complicated fustercluck of a system that is rife with waste, fraud, croneyism, and abuse.

If we wanted to allow seniors to stay in their homes we could have done that with a simple property tax exemption clause. If we want to keep business costs low we could do that by keeping our worker's comp, minimum wage, environmental, etc. laws in line with those of other states.

Before Prop 13, if a city wanted to keep the property tax low, they could. Is there any city in California that has property taxes lower than those defined by Prop 13? In Colorado they actually lowered the mill levy when assessed values went up in the 90's in order to keep property taxes from skyrocketing. The same thing could be done in California.

I was a big supporter of Prop 13 for a long time, but the special interests have undermined and worked their way around it just like they did with the proposition system. The result is a complicated Rube Goldberg mess that is difficult to manage, reform, or eliminate.

40 posted on 01/04/2012 7:39:33 AM PST by who_would_fardels_bear
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To: Nachum

Good for you for being an optimist! (and I hope you’re right).

Brown IS cutting a few things — but raising taxes even HIGHER. Not like those “rich” who are targeted for new taxes can’t take their money to another state like Nevada or any other without a state tax (and is exactly what they’ve done and are doing).

He’s proposed raising the sales tax again, but only ‘temporarily’ — yeah, sure.

We have a massive welfare population here - they (as Pat Buchanan says) will vote themselves government entitlements in perpetuity, they’ll vote for whoever promises to continue their government-funded gravy train. They have little to no understanding that SOMEONE has to FUND their lavish benefits.

As Margaret Thatcher said, at some point, Socialists run out of other people’s money!!

All the best to you.


41 posted on 01/05/2012 11:42:14 PM PST by Bon of Babble (The Road to Ruin is Always Kept in Good Repair)
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