Sunday, October 28, 2012
The Peoples' Republic of California
Anyone looking for reasons California is losing businesses and jobs to neighboring states, especially Texas, it's all here in this City Journal article.. Essentially the article confirms California as "a state that has the highest corporate income-tax rate in the western U.S.; that the Tax Foundation ranks as 48th in the nation for its business tax climate; that the American Tort Reform Foundation ranks second from the top in its list of “judicial hellholes”; and that CEO Magazine has named for eight years running the worst state in the nation in which to do business". Not exactly a calling card list of pluses for attracting job producing companies to the state. Bottom line, California has a dysfunctional political system at all levels; it has a corrupt and inept media; it has runaway public employee unions; it has a broken education system; and an inadequate infrastructure. That's the short list. It does have the best weather in the country and maybe the world.
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