Perspectives on the Californian local business exodus: the legislature must act
Political commentator Joel Fox posits that Gov. Gavin Newsom must address the mass “tidal wave” of Californians moving to Texas for tax, business, and legal benefits. He believes only correcting previously-passed flawed legislation—not more intrusive new policies—will retain local businesses. This article originally appeared in Fox & Hounds Daily.
The California companies leaving now are making the move with little prompting from outside the state. They are reacting to California policies. As UCLA professor and Hoover Institution senior fellow Lee Ohanian wrote in an article for Hoover’s Eureka publication about businesses leaving California, “The reason? Economics, plain and simple. California is too expensive, and its taxes and regulations are too high.”
Taxes, regulations, bureaucratic compliance and dangers imposed on businesses by restrictive labor laws that often encourage frivolous lawsuits can only be corrected by the legislature. It is Governor Newsom’s responsibility to take a leadership role to make the necessary changes to keep more and more businesses from fleeing the Golden State.
When the governor stands up to oppose the business exist and cry “Halt!” he should address his comment directly to California’s legislature.
This article originally appeared in Fox & Hounds Daily.
Read the whole thing here.
This article is part of an exclusive Opp Now series on California’s outmigration crisis:
SVBJ reporters Mark Calvey and Allison Levitsky dissect why companies are leaving the Bay Area, and how to slow the exodus.
The PRI’s Kerry Jackson explains how the Silicon Valley has become a challenging place to do business.
The HJTA’s yearly “Follow the Money” report catalogues state mismanagement of taxpayer money. 2021’s report details key examples of corrupt bureaucratic spending, all closely intertwined with SF Bay Area exoduses.
Scan the high points of CPC’s “Book of Exoduses” from CA, including that $1 trillion-valued Tesla’s headquarters transferred to Texas, along with data center firm Digital Realty Trust and myriad other organizations.
Brandon Ristoff from CPC purports that “The Exodus” began plaguing our state long before COVID-19 did—due to residents’ taxes and housing expenses.
Lee E. Ohanian traces recent mass business departures to California’s imprudent economic policies.
Adam Ozimek and Connor O’Brien’s Economic Innovation Group report discusses how local family outmigration has reached historic highs.
Front Page Magazine’s Larry Sand discusses the Golden State exoduses en masse.
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