- Nov 10, 2019
- 46,443
- 29,423
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- Moderator
- #61
If they make it where present business thinks if sucks too much to put up with for the benefit they get, they will leave if their type business is not directly tied to something that cannot move. Enough people leave, dropping tax base, they will be forced to make changes or die/go broke in place and bring the economics back closer to equilibrium. Tough to have to stay if your business model related to the ocean. Not that bad if your business is making or selling widgets, as you can make them somewhere else for the long time good of yourself and your employees and your business model. Econ 101.No objecting, laughing while pointing and saying I TOLD YOU SO....Sounds like the free market process in effect. Are you objecting?The only response the Left has about all the taxpayers leaving is ‘but it’s the 7th largest economy!
That’s like Hitler taking credit for good French wine.
California businesses are leaving the state in droves. In just 2018 and 2019—economic boom years—765 commercial facilities left California. This exodus doesn’t count Charles Schwab’s announcement to leave San Francisco next year. Nor does it include the 13,000 estimated businesses to have left between 2009 and 2016.
The reason? Economics, plain and simple. California is too expensive, and its taxes and regulations are too high. The Tax Foundation ranks California 48th in terms of business climate. California is also ranked 48th in terms of regulatory burdens. And California’s cost of living is 50 percent higher than the national average.
These statistics show why California’s business and living climate have become so challenging. But the frustrations that California entrepreneurs face every day present a different way of understanding their relocation decisions.
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California Businesses Leave The State By The Thousands
California businesses are leaving the state in droves. In just 2018 and 2019—economic boom years—765 commercial facilities left California. This exodus doesn’t count Charles Schwab’s announcement to leave San Francisco next year. Nor does it include the 13,000 estimated businesses to have left...www.hoover.org