If California's a 'bad state for business,' why is it leading in job/GDP growth?
latimes.com
latimes.com
>The most obvious answer is that the business-friendliness and competitiveness rankings are pretty much baloney.
No, the most obvious answer is California's built-in advantages are enough to overcome idiotic government. Trade with Asia mostly comes through Los Angeles and Long Beach, it doesn't snow in populated areas, and California's #1 population size gives it political clout other states don't have.
I guess all this government funded: infrastructure, education, public transit, etc. aren't contributing AT ALL to California's success, they should really target Sudan as a model for small government success. </s>
Mariana Mazzucato has a nice talk about this at the Long Now Foundation.
http://longnow.org/seminars/02014/mar/24/entrepreneurial-sta...
The second that businesses in less developed countries don't suffer under a lot of arbitrary taxes and regulations.
Those ALEC, Heritage foundation etc clowns are welcome to stay in DC and screw up other states. Their arguments are always data-free.
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.
California is the most populous state, contains more people than the 21 least populous states combined. [1]
Taking China and India as a reference, I believe population is a big reason for its growth.
1. https://en.wikipedia.org/wiki/List_of_U.S._states_and_territ...