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BREAKING: Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas
PANDO DAILY ^ | 27 APRIL 2014 | MICHAEL CARNEY

Posted on 04/27/2014 4:52:00 PM PDT by Extremely Extreme Extremist

California’s inhospitable tax policies may have struck again, this time costing Los Angeles one of its largest employers. According to multiple sources close to the situation, Toyota will be relocating its US headquarters from the LA suburb of Torrance to Plano, Texas.

The company has yet to notify its employees of the news, but is expected to do so Monday, followed by a public announcement. While it’s unlikely that Toyota, which is ranked 8th on Fortune’s Global 500, will directly cite taxes as the reason for its relocation, it should come as little surprise that the financial burden of operating in California – both on the corporation and its employees personally – played a major role.

A number of early stage entrepreneurs, including Pando contributor Bryan Goldberg, have discussed publicly their decisions to start companies outside of California. Now, it appears that frustration has moved its way up the economic food chain.

(Excerpt) Read more at pando.com ...


TOPICS: Business/Economy; News/Current Events; US: California; US: Texas
KEYWORDS: automakers; bluestates; california; exodus; plano; redstates; taxifornia; texas; torrance; toyota; youaskedforit; yougotit
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1 posted on 04/27/2014 4:52:00 PM PDT by Extremely Extreme Extremist
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To: Extremely Extreme Extremist
The company has yet to notify its employees of the news . . .

Another good reason to log in to Free Republic.

2 posted on 04/27/2014 4:53:30 PM PDT by Hoodat (Democrats - Opposing Equal Protection since 1828)
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To: Extremely Extreme Extremist

Hahahahaha! [gasp] Hahahahaha!


3 posted on 04/27/2014 4:53:56 PM PDT by 2ndDivisionVet (I will raise $2M for Cruz and/or Palin's next run, what will you do?)
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To: Extremely Extreme Extremist

Its about time


4 posted on 04/27/2014 4:56:04 PM PDT by PGR88
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To: Extremely Extreme Extremist

No kidding, why would anyone want to live next door to a mugger?


5 posted on 04/27/2014 4:57:33 PM PDT by rawcatslyentist (Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
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To: Extremely Extreme Extremist

Yay. We get 5000 more union thugs.


6 posted on 04/27/2014 4:58:55 PM PDT by gop4lyf (Are we no longer in that awkward time? Or is it still too early?)
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To: Extremely Extreme Extremist
While it’s unlikely that Toyota, which is ranked 8th on Fortune’s Global 500, will directly cite taxes as the reason for its relocation, it should come as little surprise that the financial burden of operating in California – both on the corporation and its employees personally – played a major role.

They won't because Toyota is Japanese and Japanese are polite. Plus they have a lot of business interests in California which would be the targets of retaliation if they did.

Most likely they will offer most of their employees the chance to move to Texas with them, including generous relocation packages for key employees. I'm betting that in today's crappy economy, a larger number than normal will seize this opportunity to bail on California as well.

7 posted on 04/27/2014 4:59:01 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Extremely Extreme Extremist

This is gonna be good. Would not surprise me if the state of Kalifornia tries to stop them or extract more money from them.

And the unions? Their heads are exploding.

It’s a good day when MARXISTS get their asses handed to them.


8 posted on 04/27/2014 5:00:49 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Extremely Extreme Extremist

Will they bring the same ole lib workers to TX? I like the move, but the more people move to TX, the bluer it gets...


9 posted on 04/27/2014 5:01:05 PM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: Extremely Extreme Extremist
Valley boosters would argue the talent and the ecosystem make running a tech company elsewhere unthinkable.

Wow...the stupid is strong with these people..

10 posted on 04/27/2014 5:01:05 PM PDT by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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To: Extremely Extreme Extremist

Grin


11 posted on 04/27/2014 5:01:09 PM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: Extremely Extreme Extremist

What is Pando Daily?

Never mind. Bloomberg also has this....

http://www.bloomberg.com/news/2014-04-27/toyota-said-to-plan-to-move-u-s-sales-office-to-texas.html


12 posted on 04/27/2014 5:01:17 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: gop4lyf

Yay. We get 5000 more union thugs.

****************

What makes you think corporate hdqts personell are union thugs?


13 posted on 04/27/2014 5:02:38 PM PDT by deport
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To: max americana

Agree. This Texan asks that they leave ALL lib workers in CA.


14 posted on 04/27/2014 5:02:45 PM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: gop4lyf

Who says they have to stay union? Like the VW workers in Tennessee, they can leave.


15 posted on 04/27/2014 5:03:20 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Extremely Extreme Extremist

Who can blame them?


16 posted on 04/27/2014 5:08:57 PM PDT by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: max americana
Will they bring the same ole lib workers to TX? I like the move, but the more people move to TX, the bluer it gets...

I guess we should we thank Governor Rick Perry for helping make Texas blue. :-P

17 posted on 04/27/2014 5:12:51 PM PDT by South40 (Liberalism is a Disease)
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To: Extremely Extreme Extremist
Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas


18 posted on 04/27/2014 5:12:58 PM PDT by bkopto (Free men are not equal. Equal men are not free.)
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To: max americana

I am sure most of the libs will prefer to stay in California.


19 posted on 04/27/2014 5:13:21 PM PDT by Maine Mariner
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To: Extremely Extreme Extremist

Yeah it breaking on KCBS 2 right now LOL!


20 posted on 04/27/2014 5:13:52 PM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: Extremely Extreme Extremist

Remember your economic multiplier effects too.

5,000 jobs at Toyota support a good number of service jobs, both servicing Toyota, and also Toytota employee spending which supports jobs in places such as grocery stores, coffee shops, gyms, health clubs, hairdressers, department stores, you name it.

So, if 5,000 jobs are moving out of state, it’s possible that about 8,000 jobs total will be lost due to this move.


21 posted on 04/27/2014 5:15:00 PM PDT by Dilbert San Diego (Im)
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To: gop4lyf
We get 5000 more union thugs.

You have to explain this one, I'm clueless. You are presuming their California office staff is unionized? I know none of their factory employees here in Indiana are unionized.

22 posted on 04/27/2014 5:15:10 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: max americana
"Will they bring the same ole lib workers to TX? I like the move, but the more people move to TX, the bluer it gets...

Perhaps not. Texas was founded by folks leaving "blue" states. We've got a few Californios in the family who lost jobs, but refuse to give up the California lifestyle, and state support. They'll stay in California come Hell or high water. The hard working productive ones will follow the jobs. As far as bringing anybody along from California, Toyota will find plenty of highly educated native Texans, with a strong work ethic already here, and ready to go to work. That's a large part of why Toyota and many top companies are coming here.
23 posted on 04/27/2014 5:15:51 PM PDT by PowderMonkey (WILL WORK FOR AMMO)
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To: Extremely Extreme Extremist

I read in the WSJ this weekend that when California “Cap & Tax” really gets going in the out years, the tax burden on business will skyrocket.


24 posted on 04/27/2014 5:16:35 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: gop4lyf

These are white-collar employees. I don’t think Toyota has manufactured in CA since the plant in Fremont shut down in 2010.


25 posted on 04/27/2014 5:16:35 PM PDT by irishjuggler
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To: Extremely Extreme Extremist

Rick’s fault........ go rick!!


26 posted on 04/27/2014 5:17:03 PM PDT by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: nascarnation

I bet our carbon trading/tax scheme has a lot to do with it.


27 posted on 04/27/2014 5:18:59 PM PDT by Lurkina.n.Learnin
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks Extremely Extreme Extremist.


28 posted on 04/27/2014 5:19:09 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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Jerry Brown stresses need to strengthen ties with China


29 posted on 04/27/2014 5:21:59 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: max americana

You make a good point. Whether Toyota brings workers with
them or more people from all over the place move to Texas,
the reality is that population increases bring liberalism.
Conservatives in Texas may one day rue the name “Perry”.
In California we learned the hard way.


30 posted on 04/27/2014 5:24:25 PM PDT by Sivad (NorCal red tur)
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To: Sivad

I disagree.

Jobs bring conservatives.

People without jobs means liberalism.

Jobs = conservativism.


31 posted on 04/27/2014 5:26:04 PM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: PowderMonkey; max americana

I relocated to Texas to save my job.

The first politician to which I wrote a letter was Goldwater (I was in first grade & remember the rallies/speeches in Orange County ).

I am happy to live in a Texas county that is one of the most conservative in the nation.

I feel like I have come home :)

I am doing my part to keep Texas from turning blue.

Not all californios are blue/libs/union thugs.


32 posted on 04/27/2014 5:26:13 PM PDT by WildHighlander57 ((WildHighlander57, returning after lurking since 2000)
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To: Sivad

What is scary is that as liberals leave California, they are replaced by people who make it even more liberal.


33 posted on 04/27/2014 5:29:18 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: unixfox

“This is gonna be good. Would not surprise me if the state of Kalifornia tries to stop them or extract more money from them....”
******************************************************************

You’re right, the leftists will try to fight this—like the NLRB did to try to stop Boeing from setting up an assembly plant in South Carolina.

I guess Toyata wasn’t too impressed with California’s high speed train effort.


34 posted on 04/27/2014 5:29:43 PM PDT by House Atreides
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To: WildHighlander57

Leftists are REDS.


35 posted on 04/27/2014 5:30:18 PM PDT by fieldmarshaldj (Resist We Much)
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To: Extremely Extreme Extremist

Note well it is a headquarters move and I’m thinking Kalifornia took a bite out of their total US revenue. At some point stockholders are going to demand this of ANY corporation headquartered in Kalifornia, Illinois, and New York, to name a few tax and spend locales.


36 posted on 04/27/2014 5:33:10 PM PDT by NonValueAdded (Operating out of weakness? Imagine if he was working from a position of strength!)
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Comment #37 Removed by Moderator

To: fieldmarshaldj; PowderMonkey

I was referring to powdermonkey’s description of the color...

Seems every so often the colors on the presidential election map get switched ....

So, to keep from any confusion, I will refer to the current condition of Texas as Conservative (with a couple big city pockets of liberal) and California as Liberal (with the non city areas being Conservative).

I am a conservative who escaped the liberal part of California and found refuge in Texas.


38 posted on 04/27/2014 5:39:54 PM PDT by WildHighlander57 ((WildHighlander57, returning after lurking since 2000)
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To: Extremely Extreme Extremist

Hey left wingers . . . people and companies “vote” with their feet and their wallets

Liberalism is truly a mental disorder


39 posted on 04/27/2014 5:42:12 PM PDT by A_Former_Democrat (Hey 2008, we told you so)
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To: WildHighlander57
"I am a conservative who escaped the liberal part of California and found refuge in Texas."

I am a conservative who escaped the liberal part of Virginia to follow fellow Virginians Sam Houston and Stephen Austin, and also found a refuge in Texas. And, here I will make my stand.

"You may all go to Hell. I shall go to Texas."
40 posted on 04/27/2014 5:48:42 PM PDT by PowderMonkey (WILL WORK FOR AMMO)
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To: WildHighlander57

This was done on Election Night 2000 by the leftist media. It’s pure Orwellian newspeak. Our side should’ve rebuked the mislabeling the moment they started it. We let the left get away with controlling the language and we wonder why we’re losing the war.


41 posted on 04/27/2014 5:49:23 PM PDT by fieldmarshaldj (Resist We Much)
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To: WildHighlander57

“I am happy to live in a Texas county that is one of the most conservative in the nation.”

Which county is that, if I may ask? I’m looking to move to Texas next year, and want to avoid blue areas.


42 posted on 04/27/2014 5:49:23 PM PDT by PLMerite
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To: Cringing Negativism Network

While the Democrats own the entitlement and low info votes
they certainly could not win as many elections as they do
if they didn’t get a significant number of employed voters including those in the private sector.


43 posted on 04/27/2014 5:49:34 PM PDT by Sivad (NorCal red tur)
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To: nascarnation

Not quite accurate but it sounds good.


44 posted on 04/27/2014 5:55:26 PM PDT by Sivad (NorCal red tur)
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To: PLMerite

The county is one of the ones north of Dallas.

Tips:

Avoid the big cities.

If an area has no mass transit/light rail, then it should be OK.. keeps the riffraff out ...

(But then again, Texas is a “shall issue “ state. )


45 posted on 04/27/2014 5:57:37 PM PDT by WildHighlander57 ((WildHighlander57, returning after lurking since 2000)
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To: bert
Rick’s fault........ go rick!!

Yup, lucky Texas, they have a good one AND SMART. We have obama thanks everyone that stayed home OR thought that Rick Perry was too dumb.

46 posted on 04/27/2014 6:00:49 PM PDT by Irish Eyes
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To: Extremely Extreme Extremist

They’re following Nissan’s footsteps. Nissan ditched California for the Nashville-suburbs.


47 posted on 04/27/2014 6:02:19 PM PDT by CaspersGh0sts
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To: Extremely Extreme Extremist

Those idiot white liberals in California still think they live in paradise while the rest of the country sees it for what it is. A high tax, over regulated, unfriendly to business, economic black hole populated with increasing numbers of low-skilled, illiterate, entitlement mooching third world human debris.


48 posted on 04/27/2014 6:15:27 PM PDT by dowcaet
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To: WildHighlander57

Gotcha, thanks!


49 posted on 04/27/2014 6:17:52 PM PDT by PLMerite
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To: Extremely Extreme Extremist

Good for Toyota.


50 posted on 04/27/2014 6:19:44 PM PDT by Jet Jaguar (Resist in place.)
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