California Dreaming No More APRIL 11, 2013
Nevada and Arizona are now capitalizing on California’s latest ballot measures luring over taxed corporations and small companies out of the California, and they are doing a good job of it as more businesses are leaving California each year, in 2011 254 businesses left up from 2010 by 30%!
According to the Las Vegas Regional Economic Development Council (LVREDC) said they have plans to launch a campaign to attract , businesses across state lines. Tom Skancke, CEO of the LVREDC, told the Las Vegas Journal that he “welcomed all California businesses” and that his development staff would be reaching out to their contacts in California in the new year.
Of course the beautiful thing about Nevada is NO STATE INCOME TAXES!! That makes Nevada a truly wonderful place to move to. as for product distribution the Reno Sparks area the Carson area and the Las Vegas area make distribution to California simple affordable and easy, this is why companies are moving to Nevada and other states with low and no income taxes, does not take a genius to figure that out!
However in Arizona they have stated that they have a more aggressive plan to attract businesses fleeing tax hikes from California and its working The Greater Phoenix Economic Council (GPEC) launched a program to fly 100 Californian chief executives to Arizona for a tour of what the Grand Canyon state has to offer. Barry Brim, President of the GPEC project, spoke to members of the Los Angeles Times newspaper, questioned the continuing viability of businesses in California.
He is quoted as saying:
"If I were running a company in California, I would have a deep internal debate about the direction of the state. You just have an environment in California that isn’t good news for people who build and run companies."
The program has extended its initial ambitions looking to target 100 high-tech companies with 200 or more employees; double it's initial plans of 50. Originally 11 CEO have committed to meeting with the GPEC. now it is around 25. Gil Duran, a spokesman for Governor Jerry Brown (D-Calif.), dismissed the program in an email saying; "Anybody who tries to convince you to leave the best and richest state for some parched desert outpost should be regarded with extreme suspicion. Scam alert!" Gil needs to understand that taxes are the theft of the working mans labor and owes no tithing to the government! Its theft plain and simple!
Scam alert, see how intelligent the response from the left is, while the situation can be compared to a building on fire and the left is saying don't worry it won't last!!!
According to information on firms leaving California is above last years numbers and growing, Governor Jerry Brown said in a statement that California will make toast of Texas, so he says does not look that way Jerald! With sales tax increasing, due to Prop 30 and income tax boosted as well and an elimination of business taxes in California because of prop 39 more companies are persuaded to heave Ho and go!
David Kline, a vice president of the California Taxpayers Association, a taxpayers’ advocacy organization. stated it is the highest in the nation! “What we like to point out to people is that there are states with absolutely no personal income tax — so if you moved to any of seven states without income taxes say from California to Florida, and you are in a high-income bracket, you are automatically giving yourself a 13.3 percent raise.”
Cristobal Young, an assistant professor of sociology with the Center on Poverty and Equality at Stanford, conducted a study, (must have been flawed) last fall that concluded that tax rates had little effect on where millionaires choose to live.
Mr. Young said he suspected that few, if any, millionaires would leave or stay away because of the tax increase. More likely, he said, they would find ways of reducing their tax burden, with loopholes or income avoidance, or simply reduce their work.
He needs to review how many millionaires have left the country, as of last year over 100 multimillionaires moved overseas!
He needs to review how many millionaires have left the country, as of last year over 100 multimillionaires moved overseas!
Christobal has his facts all wrong, in a sense he is all wet! Last year over 500 multi-millionaires not only left the state they moved to foreign nations with more friendlier governments, we are talking about people with 100 million dollars and more, so much for his out of sink reasoning!
Californians approved Prop. 30, California's top income-tax rates will be the highest in the nation – 21 percent above the second-highest state, Hawaii, and 34 percent above the third-highest, Oregon, according to anti-tax activist Richard Rider of San Diego. Remember taxes are merely the theft of one's possessions!
Governor Brown continues to claim that California is still "the land of dreams." While some academics say the talk about an exodus of Californians to other states is not true, of course they are not accepting reality!
Not true you say! Then why are we seeing so many closed buildings? Why are so many people moving to Texas, Nevada and Arizona? When you stop trying to make the truth invisible you may help resolve the problem instead of being the problem! Denying reality is not solving the problem!
In May, a professor from the University of Southern California, Dowell Myers argued that we shouldn't believe "the tales of gloom. Californians aren't fleeing." The main problem, he wrote, is Californians don't spend enough public money on schools. No of course not, they are not fleeing, they are scrambling to get the hell out of California!
Actually so this professor finds out we over spend and we are not getting the proverbial bang for our buck! As schools in California are an abysmal failure! WE over spend on schools! $25,000 per student and the incompetence is unjustified! Plus the former Governor Grey Davis stated 25 billion dollars every year goes down a sink hole and no one knows where! Just 25 billion!!! And you claim we do not spend enough on schools, what kind of happy horse manure is that?
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Copyright © 2013 [JAMES THOMAS FRIDAS]. All Rights Reserved.
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