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Will California's bad news eventually be US's bad news?
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July 7th, 2011
http://thebusinessrelocationcoach.blogspot.com/2011/06/calif-business-departures-increasing.html
This article describes the rising rate of disinvestment in California. Taxes are too high, regulations occasionally bordering on preposterous. Businesses are going away.
Which means decreased tax revenue, which is bad news for a state that has created a serious crisis of debt for itself. See this http://www.usdebtclock.org/state-debt-clocks/state-of-california-debt-clock.html
My own state has lost lots of businesses as well. Some have simply moved to other states that do not tax and regulate as aggressively.
But the Federal government, in the form of the president and the NLRB has given a hint of what it thinks about that in their dealings with Boeing.
So eventually, they won’t just switch states. They will just go away.
Is California once again a bell-weather?
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