California And The Great Egress
Posted by John Hitchcock on 2011/06/23
PT Barnum is famous for using “The Great Egress” as a way to get people to leave his side-show tents. People didn’t know that “egress” means “exit” so they would go on to see the great egress for themselves. Well, California is having its own Great Egress, and they’re not the only ones. As I wrote in Voting With Their Feet (With Charts), major US Cities with decades-long Liberal rule have had their citizens running for the exits for decades. California is no different, except California replaces them with illegal aliens.
What’s hurting California is the mass business flight. Mark Perry at DailyMarkets.com has the story.
California currently ranks #49 among U.S. states for “business tax climate” (Tax Foundation [pdf]) and #48 for for “economic freedom” (Mercatus). It shouldn’t be any surprise then that companies are leaving the “Golden State” in record numbers this year (see chart above) for “golder pastures” and more business-friendly climates in other states.
From Joe Vranich:
“Today, California is experiencing the fastest rate of disinvestment events based on public domain information, closure notices to the state, and information from affected employees in the three years since a specialized tracking system was put into place. …
The top five destinations are (1) Texas, (2) Arizona, (3) Colorado, (4) Nevada and Utah tied; and (5) Virginia and North Carolina tied.
Based on the legislature’s recent rejection of business-friendly legislation and Sacramento’s implementation of additional regulations, signs are that California’s hostility towards business will only worsen.”
So, people flee Leftist rule. Businesses flee Leftist rule for much more Conservative, people-friendly and business-friendly states. And the Leftists cannot figure it out. The way it is and has been since the beginning of time isn’t the way it “should be” according to them. Earth to Liberals: If you provide a welcoming environment, they will come; if you provide an antagonistic environment, they will flee.
I strongly encourage all worthwhile businesses to flee California and move to business-friendly states like Texas. But if you’re a Liberal, please stay in California. Your viewpoint and positions created the Califonia mess and you need to live in it. We don’t want you destroying Texas like you destroyed California.
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