California lost 9,000 business HQs and expansions, mostly to Texas, 7-year study says

[Dont Taz Me Bro]

Far left economic policies of high taxation and over regulation continue to be a real boon for California, huh. The Middle Class can't even afford to live there anymore. The state is slowly becoming a banana republic.

Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Dallas-Fort Worth has been a prime beneficiary of the Golden State’s “hostile” business environment.

http://www.bizjournals.com/dallas/b...a-lost-9-000-business-hqs-and-expansions.html

Texas ranked as the top state to which businesses migrated, followed by: (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Florida, (9) Georgia and (10) Virginia. Texas was the top destination for California companies each year during the seven-year study period.

 

[Spinster]

Not the least bit surprised. California had about a billion too many businesses anyway to support their population of a trillion without adequate water supplies. They had chances over the years to do something about the water shortage, but chose not to, so for lack of action they are in the fix they are today. Then there's the whole "anything goes" attitude and to embrace that the political went about as far left as possible. Now they are in a giant mess. I'm just sorry the mass exit is also affecting my state, but then we already experienced that back in the 80's when they migrated here in hordes and completely screwed up our real estate market. Californians really have left a bad taste here locally. No compassion for them. They typically are rude folk.

 

[OKTexas]

Far left economic policies of high taxation and over regulation continue to be a real boon for California, huh. The Middle Class can't even afford to live there anymore. The state is slowly becoming a banana republic.

Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Dallas-Fort Worth has been a prime beneficiary of the Golden State’s “hostile” business environment.

http://www.bizjournals.com/dallas/b...a-lost-9-000-business-hqs-and-expansions.html

Texas ranked as the top state to which businesses migrated, followed by: (2) Nevada, (3) Arizona, (4) Colorado, (5) Washington, (6) Oregon, (7) North Carolina, (8) Florida, (9) Georgia and (10) Virginia. Texas was the top destination for California companies each year during the seven-year study period.

Notice the top two job attractors have no State income tax, lower cost of living and a more favorable business climate. It's a win win for the business and their employees.

 

[rightwinger]

Lot of liberals moving into Texas

 

[IsaacNewton]

We like to see the weak business head to Texas. They welcome the weak and give them low wages.

So those thinking about leaving California, good decision, get going. You don't want to wait until Texas is full!

 

[bedowin62]

We like to see the weak business head to Texas. They welcome the weak and give them low wages.

So those thinking about leaving California, good decision, get going. You don't want to wait until Texas is full!

look at the left-wing nutjob capacity to spin their failures!!

truly amazing!!

 

[nuhuh]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

Come back when you have something to hold on to.

http://www.newsweek.com/if-new-york-spain-and-california-brazil-what-texas-344702

 

[bedowin62]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

Come back when you have something to hold on to.

http://www.newsweek.com/if-new-york-spain-and-california-brazil-what-texas-344702

CALIFORNIA is losing jobs to a red state, that is something to hold onto leftard whether you want to admit it or not

 

[Dont Taz Me Bro]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

How long do you think that's going to last given the trend?

 

[bedowin62]

America's Future: California Or Texas? - The Federalist
thefederalist.com/2015/07/06/americas-future-california-or-texas/

• Cached

Jul 6, 2015 - If California is America's future, then that future is overrun with poverty. ... the average rent in San Francisco in the first quarter of 2015 was $3,458 vs. .... realizes he should stop because the coyote is only doing what is natural

 

[Wyatt earp]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

Come back when you have something to hold on to.

http://www.newsweek.com/if-new-york-spain-and-california-brazil-what-texas-344702

California ever implement their leaving tax? I wonder what happened to that or was it some county's?

 

[bedowin62]

Most importantly, California and Texas, alike in many ways, have diametrically opposed public policies. California’s state and local tax burden ranks as America’s 4th-highest compared to Texas at 45th. California taxes a 42 percent larger share of state income than does Texas, California’s restrictive energy policies discourage oil extraction, even though it has the largest proven shale oil reserves in the nation; while its industrial electrical rates are 88 percent higher than in Texas.

 

[Timmy]

High taxes is why California's property is so valuable ?

 

[nuhuh]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

How long do you think that's going to last given the trend?

Surpassing a 40% difference would take years in my estimation. $650 billion dollars is a lot of money, GDP growth in the 3rd quarter was 1.5%.

 

[bedowin62]

it's almost sad watching the "forward!" set slide into the dustbin of history

 

[nuhuh]

Most importantly, California and Texas, alike in many ways, have diametrically opposed public policies. California’s state and local tax burden ranks as America’s 4th-highest compared to Texas at 45th. California taxes a 42 percent larger share of state income than does Texas, California’s restrictive energy policies discourage oil extraction, even though it has the largest proven shale oil reserves in the nation; while its industrial electrical rates are 88 percent higher than in Texas.

There is a value to being an oil producing state. Unfortunately, the slide in prices is keeping Texas down at the moment and California still has a $32 billion surplus it is sitting on because of taxes.

 

[nuhuh]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

Come back when you have something to hold on to.

http://www.newsweek.com/if-new-york-spain-and-california-brazil-what-texas-344702

California ever implement their leaving tax? I wonder what happened to that or was it some county's?

It's a ballot proposal that will likely never grow feet.

 

[westwall]

Lot of liberals moving into Texas

Yep. They're invading that state like they're invading mine. The goal, of course, being to fuck those states up too.

 

[Wyatt earp]

Rightards think they have something here, but they are about 2/3rds of a trillion short for this to be important. California is still the seventh largest GDP in the world surpassing Brazil. Texas ranks number twelve in GDP 40% less than California.

Come back when you have something to hold on to.

http://www.newsweek.com/if-new-york-spain-and-california-brazil-what-texas-344702

California ever implement their leaving tax? I wonder what happened to that or was it some county's?

It's a ballot proposal that will likely never grow feet.

Just a quick read on it, these high tax states are getting sneaky..

The Growing Specter of State “Exit Taxes” as Residents Abandon High


To be clear, it is not legal for states to charge a true exit tax on citizens changing their residency from one state to another (this is not the case for the federal government, which does charge a large exit tax to some people abandoning their U.S. citizenship for a tax-friendlier one).

So what do high-tax states do, to try and prevent their residents from moving their legal residence to low- or no-tax states? In a word, they audit them.


°Snip°






States have discovered that they can use automated programs to track citizens’ locations and spot people who spend long periods in their borders, utilizing data from credit card transactions, E-ZPass (electronic toll collection) records and IRS records. If that sounds like George Orwell's Big Brother, watching citizens' comings and goings, well… the privacy nerds may be onto something when they say “Just because you’re paranoid doesn’t mean they’re not out to get you.”

Massachusetts has used these automated tracking programs to more than double its audits last year, to 45,887 total audits.

Nor are audits the only weapon available to these higher-tax states. States such as Maryland are withholding a portion of real estate proceeds from out-of-state residents, to ensure sellers pay capital gains tax to Maryland on top of the seller's home state and the federal government. If the non-resident seller files a Maryland tax return, and if they owe less than the 7-8.25% collected (in Maryland's case), and if they file a specific form with the Maryland Department of Assessments and Taxation, then the seller may receive some of the money back. Aside from deterring out-of-state real estate investors, Maryland perhaps hopes this hard-line stance will deter residents from leaving, as any unsold real estate will suddenly create a higher tax burden

 

[westwall]

We like to see the weak business head to Texas. They welcome the weak and give them low wages.

So those thinking about leaving California, good decision, get going. You don't want to wait until Texas is full!

Please keep thinking that way! It is that type of thought that has seen CA drop from the 6th largest economy on the planet to the 8th or 11th depending on whose study you look at. And it will drop even lower thanks to morons like you.