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CARPE DIEM: Companies Leaving California in Record Numbers

June 20, 2011

CARPE DIEM: Companies Leaving California in Record Numbers.

So what is the answer to companies fleeing progressively dominated states for those with some sanity?

Make the ENTIRE COUNTRY PROGRESSIVE! Then there is no where to run!

Except overseas! And ofcourse, we must demonize them for doing so, would be the patriotic thing to do…. perhaps a two minute hate would be in order…

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2 Comments
  1. Michael Eaton permalink
    June 20, 2011 9:38 am

    “California currently ranks #49 among U.S. states for “business tax climate” (Tax Foundation) and #48 for for “economic freedom” (Mercatus).”

    That is like getting a 0% rating with NRA: meaningless political drivel.

    The analysis is weak and without much to tout it: “no one knows the real level of activity because smaller companies are not required to file layoff notices with the state. ”

    Could that also bring the rate down? Yes. Could it make that chart meaningless? Yes.

    As noted in comments, AZ, t has the highest combined state and local sales tax (#3 in the nation IIRC) and it has a progressive personal income tax that isn’t indexed for inflation.” What does that mean in your “analysis”? Hmmmn?

  2. June 20, 2011 9:53 am

    “Could that also bring the rate down? Yes. Could it make that chart meaningless? Yes.”

    What? Mike, they’re using the levels that ARE noted and documented:

    “Today, California is experiencing the fastest rate of disinvestment events based on public domain information, closure notices to the state, and information from affected employees in the three years since a specialized tracking system was put into place..”

    They’re not including the POSSIBILITY that many other companies are either closing or leaving the state, because they don’t have to notify any officials who might track that data. If larger companies are leaving, it is a strong possibility, possibilty mind you that is addressed by them saying “no one knows the real level of activity”, but using the level of activity that IS tracked means that it probably isn’t BETTER than the tracked situation, since the already tracked situation is not factoring in ANY level of small business departure, it’s the best case scenario where they’re assumed to have stayed.

    Sorry, but your progressive ideals are leaving California in the shambles of all others who pressed on before them… California is cannibalizing its once great corpse to maintain its level of “progressiveness”….

    As far as Arizona’s highest combined state and local sales tax, and a personal income tax, it also has a better corporate climate than California:

    For instance:

    “In 2005, California-based Intel decided to build a multi-billion dollar chip-making facility in Arizona due to its favorable corporate income tax system.”

    Companies have decided that it has a better business climate than that of California, so much so that it is more attractive to pick up their businesses and move there. Another allure to Arizona is that it is closer than Texas. Colorado, Virginia and North Carolina, though Utah and Nevada were probably close.

    Or perhaps those companies are just racist inbred who love themselves some racial profiling and therefore felt more at home in Arizona’s climate of hate… (eye roll)

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