Californiajust keeps on its winning trend

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WHY $15B CORP FLEES CALIFORNIA......

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“The move is being made for business reasons, such as lower taxes and the business friendly environment,” Noble told the Dallas Business Journal. “The rates in downtown are also less than in the suburbs and the quality of life in downtown Dallas has a buzz about it.”

So, California’s so-called “hostile business environment” continues to drive thousands of companies away.

A study conducted by Joseph Vranich, president of Spectrum Locations Solutions, a consultant firm in Irvine, Calif., quantified the trend of companies fleeing California and determined how, and to what extent, it is caused by California’s “hostile” business environment.

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When Toyota announced it was uprooting three California plants and consolidating its headquarters in Plano, Texas, the Wall Street Journal quoted Brown as saying, “We’ve got a few problems. We have lots of little burdens and regulations and taxes.

“But smart people figure out how to make it.”

The Journal’s reply: “California’s problem is that smart people have figured out they can make it better elsewhere.”

OK, so Silicon Valley has enjoyed a boom in the last few years. However, as The Economist noted last year, “whereas venture-capitalists and coders may be rushing to California, others cannot wait to leave,” as the state still faces substantial problems of its own making.

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The problem comes when the people who left California to escape a hostile business environment vote for Democrats and the same policies that caused the hostile business environment they just fled.

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It's a wonder that companies still want to be based there.

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