| Why didn't Tesla build its largest-in-the-industry battery factory here? Why did Toyota move out? "Business relocation expert Joe Vranich has been counting. “I tracked for 2011, that 254 companies of all sizes and shapes and kinds left the state for primarily other states,” said Vranich, the president of Spectrum Location Services in Irvine. He told KCRA 3 that companies leave California for three primary reasons: “High taxes, excessive regulations and the threat of really ridiculous lawsuits.” Chevron is moving 800 jobs from their Bay Area headquarters to Texas, and Waste Connections shifted more than 100 jobs to Texas from Folsom. "Two dozen companies commit to leaving California --
Prop 30 triggers business backlash" http://www.kcra.com/news/Two-dozen-companies-commit-to-leavi... Detroit took 50 years to crash. Not sure if most people are aware, but Silicon Valley led California with jobs growth, led California out of the recession. If the rest of Silicon Valley moves to Austin et al, California's highest-in-the-nation personal income tax will need to go much higher. As a small business owner, the taxes and regs just scream "don't hire anyone!" Arizona, Texas (no state income tax), Nevada (no state income tax) -- weather not too bad, real close to California. |