What people and corporations are leaving? The people who leave, leave because they can't afford housing - they're not the rich. The corporations that leave are the ones that rely on low skill, low wage labor for which we will never be able to compete with third world countries.You didn't source your claim so I have no way to know what date that was published. That said, California is back on an economic roll, higher taxes, higher wages, and a fully integrated system of business regulation have allowed California to remain the sixth most dynamic business engine in the world. The debt is being retired and unemployment has hit a new low. Life is good in the Golden state.
If life is so good in the "Golden State", why are people and corporations leaving?
Why business is leaving California for Texas
By Yahoo FinanceJuly 2, 2014 2:06 PM
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Exodus from California
While CKE isn’t abandoning the Golden State entirely just yet - its base of operation remains in California - others are. Texas Governor Rick Perry has had some success luring businesses to his state with lower taxes and more lax regulation.
In April of this year, Toyota delivered the state of California a pink slip, announcing it would move its U.S. headquarters to Dallas, Texas. Occidental Petroleum Corporation made a similar switcheroo, departing Los Angeles for the energy-friendly base of Houston.
When asked about rumors that CKE may move its corporate headquarters from Anaheim, California to more “business-friendly” states, Puzder said he had no intention of moving from the Golden State. But his two other corporate offices in St. Louis, Missouri and Santa Barbara, California could consolidate as soon as 2017 for “business-friendly purposes."
Read more: Why business is leaving California for Texas
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Tax Hikes Loom for 2016 Ballot – Companies Leaving California
Posted on 01. June, 2015
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Farmer Brothers, a fixture in California for over 100 years, is just another of a long list of firms that, fed up with California’s high taxes and anti-business environment, have left for less costly states. Other recent refugees include Chevron, Nestle, Sony, Charles Schwab, Occidental Petroleum, Toyota, Campbell Soup, Nissan and Comcast, all of which have moved all or a significant portion of their work force out of state.
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Read more: Tax Hikes Loom for 2016 Ballot – Companies Leaving California | AOA Magazine
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60 Companies Have Left Calif. for Texas
Friday, 04 Apr 2014 04:55 PM
Perry didn’t return with any more coonskins to tack on the wall of his Austin office from this trip, but it’s not for lack of trying. According to Jeff Miller, executive director of Americans for Economic Freedom, there are 60 firms from California that have pulled up stakes and moved their operation to the Lone Star State.
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And you don’t have to take my word for it. The numbers back me up. As I wrote earlier, in January, Texas added 30,000 new jobs, while in February California lost 31,000 jobs. And that’s not all. Frank points out individual taxes are so much higher in California that when people move to Texas “most get a 10 percent pay raise — due to the lack of an income tax. The companies get a 10 percent rise in profits, due to lack of state corporate tax. It is win-win in Texas and lose-lose in California.”
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Breaking News at Newsmax.com 60 Companies Have Left Calif. for Texas
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