10 Reasons Companies Are DUMPING the Cal Dream
Business people know why CA is falling and it's not hard to figure out. I hope WI is taking notice, since the corrupt public unions are trying to oust him. Without Walker you would be heading in the CA direction.
Relo Expert: Top 10 Reasons Businesses Flee California
Corporate relocation specialist Joe Vranich tracks businesses moving into and out of California. Given the current climate, he's only seeing the latter. In the first five weeks of 2011 alone, he's watched 30 corporations move to greener pastures.
The newest trend Vranich is reporting: employees asking management to move out of state. Some business owners tell Vranich they were unconvinced about moving until they were persuaded by employees to leave.
Vranich lists a variety of reasons owners have had enough with California, from which I created a "top 10".
10 - California’s high corporate tax rates — Colorado has only a 4.6 percent corporate tax as opposed to California’s 8.84 percent, and 10.84 percent on banks and financial institutions.
Not a shocker! This is a reason many companies state they leave the US altogether!
9 - Hostility from government agencies — local, county and state employees often view business owners as “the enemy,” according to Vranich’s clients.
Liberals always hate the businesses that employee the majority of Americans and who pay the tax dollars that fund their government jobs. It's the liberal mental disease!
8 - Costly, business-killing regulatory measures. And with AB 32 [Ed: "The Global Warming Solutions Act"] implementation already taking place, regulatory costs will climb higher.
Over-regulation is the niche of the liberal mind. Just look at the Community Reinvestment Act, which was one of the main culprits of the mortgage meltdown.
7 - Extravagant state spending with no end in sight.
Liberals like to spend and waste!
6 - Unfriendly business environment — California is ranked 51st (even behind D.C.) in the country for being a “business friendly state.”
Again Liberals hate businesses that create jobs and employ the majority of Americans!
5 - High cost of doing business within California’s cities, which are some of the highest in the nation.
With enormous government spending comes high costs of business that gets pushed onto the consumer in the form of higher taxes!
4 - High personal income tax rates — California’s personal income tax is 9.55 percent.
That is ROBBERY! Not sure why a millionaire would stay in the state. Oh wait most are moving out!
3 - California’s Alternative Minimum Tax (AMT is 6.65 percent for business and 7.25 percent for individuals).
Insanity!
2 - Litigious environment in California — businesses can be sued for just about anything.
CA legal system might be the worst in the world!
1 - General quality of life - other states offer less traffic, lower real estate prices and better schools.
Schools are some of the worst in the country, real estate is some of the pricest and traffic in LA is worst than anywhere I have ever drove in!
Business people know why CA is falling and it's not hard to figure out. I hope WI is taking notice, since the corrupt public unions are trying to oust him. Without Walker you would be heading in the CA direction.
California, led for decades by the locusts known as Democrats, is headed down the drain. The voters' decision to reelect a two-time failure as governor cemented its fate. Jerry Brown won't stand up to the monstrous public sector unions that bought him the governorship -- and he can't fix the problems confronting the state without nuking the public sector unions. More than two-thirds of the state's entire budget goes to salaries and benefits.
The average total compensation for an employee of the state of California is $106,000 a year. And the state retirement system (CalPERS) shows that the average defined benefit pension is $67,000 a year for a 30-year employee.
Fraud and abuse of the taxpayer is rife throughout state government. The Los Angeles Times recently reported that "[n]early three-quarters of Los Angeles County firefighters and lifeguards who retired in the last three years successfully claimed they were disabled on the job and won enhanced pension benefits."
The very same week the San Francisco Chronicle noted that , "In the game of megabuck public paychecks, outgoing San Francisco police brass are hauling away the gold... former Police Chief Heather Fong – who retired in 2009 – received a grand total of $528,595 in her final year. ... Now that she's gone, she's pulling down an annual pension of $229,500 for life."
Last edited: