"California, once a business friendly state, continues to conduct a war on its own economy," says the Chief Executive Magazine.
Oh yes, the Golden State - once the fifth largest economy of the world - is reaping what it has been sowing for the past couple of decades. The magazine has ranked California dead last in business friendly environment for seventh year in a row. As CNN Money puts it, "buffeted by high taxes, strict regulations and uncertain state budgets, a growing number of California companies are seeking friendlier business environments outside of the Golden State". How fast? Companies are "disinvesting" in California at a rate five times greater than just two years ago. This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California. And which are the states benefitting the most from this exodus? Texas, Utah, Arizona, North Carolina, and Virginia - all right-to-work red states!
Sacramento can't get its act together...and that includes the governor, legislators and regulatory agencies that are running wild. A state where higher and higher tax revenues are required to support a welfare state where every special interest group from the LGBT crowd to illegal aliens routinely get special rights that have costs attached to them is bound, sooner or later, to pay the price for their folly.
The arrogance of thinking that the producers of the society will endlessly support the non-producers is a hallmark of progressive thought that has failed in every social democracy tried. As bad as California's failure is, as a nation we are on the same disastrous course. I can only hope that the American electorate will heed the clear warning California is sending rest of the country.
4 comments:
The funniest part about this whole mess is that the demmerhoids are happy about all of this.
You just can't fix stupid.
They can't help themselves Hardnox.
They can't even be talked sense in to. It is an illness (a mental one).
It is time to disband the U.S.A. and make two unions out of it: a progressive one where they can all live in their squalor, and a conservative one where we can thrive not impeded by these @#$%&#.
The Patriot,
LOVE the idea of two unions. Give them, say, New Mexico or another already screwed up liberal state and wall it off once they are all in. They'll be on the level of Mexico in a few short months.
Like a roach motel, once in, tey never get out.
The "two unions" idea is interesting but inevitably it would end in war. I doubt that would be helpful to anyone.
I suggest that simply pushing for better state's rights and increased state autonomy would me smarter, and more achievable.
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