California can have jobs or high taxes, not both

From Reason.TV, a look at how California’s high-tax, no-cuts regime is costing the state jobs and driving businesses and residents elsewhere. The focus is on one business, Creator’s Syndicate, that may well leave not only because of high costs imposed by the state, but because the City of Los Angeles has lowered itself to legal theft to raise money:

Money quote from a consultant who specializes in business relocations:

“I would love to have companies calling me saying, ‘We’d like to move to California, can you help us with that relocation?’ I get none of those calls,” says business relocation coach Joe Vranich. “The calls I do get are, ‘Hello, we want to move out of California, can you help us do that?’”

Argh.  Doh

2 Responses to California can have jobs or high taxes, not both

  1. Porkchop says:

    Like I said before: the math just doesn’t make sense unless there’s a massively compelling reason to be there, like providing services to the entertainment industry. If Creators Syndicate wants to flog their product to Hollywood, being in LA gives them an advantage. If they didn’t, it doesn’t really matter where they are… and even so, it may be cheaper for them to fly in from someplace else. The decline and fall of the newspaper industry is probably doing them a lot of damage, too.

    Texas? Yeech.

    It is hard to tell from the video, but why would you spend a million dollars in legal fees to fight $400k in taxes? That seems kind of nutty to me.

    • Phineas Fahrquar says:

      It is hard to tell from the video, but why would you spend a million dollars in legal fees to fight $400k in taxes?

      I’d wondered that same thing.

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