California, there they go! Businesses abandoning the Golden State

by editor on June 27, 2011

Must be something about warm climates and beautiful scenery that alienates businessfolk. How else does one explain the way they seem to shun locales like Greece, Spain and California?

california-leaving

There's a reason no one's doing cover versions of "California Dreamin'" in 2011

Professor Mark Perry explores the phenomenon:

“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.

Our losses are occurring at an accelerated rate. Also, no one knows the real level of activity because smaller companies are not required to file layoff notices with the state. A conservative estimate is that only 1 out of 5 company departures becomes public knowledge, which means California may suffer more than 1,000 disinvestment events this year.

Layoff notices? The Golden State must have a lot of ATMs.

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. California is such fertile ground that representatives for economic development agencies are visiting companies to dissect our high taxes, extreme regulatory environment and other expenses to show annual savings of between 20 and 40 percent after an out-of-state move.”

California’s problem must be a lack of high-speed rail. Business dissatisfaction couldn’t be the fault of the state’s politicians, the same ones have been in office for eons.

We’re mystified, but luckily California has zillions of bright, highly compensated employees on the state payroll. They’ll surely figure this thing out sooner or later.

– Written by Bonfire of the Absurdities

Source: Professor Mark Perry

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56 Comments on "California, there they go! Businesses abandoning the Golden State"

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Sidekick
Member

BTW, the first poster to your comment, Kimmie, is seriously misinformed if that poster believes that the wealthy were managing just fine before those awful GOP types messed with their minds. I can only assume that the poster has never met a wealthy person and/or never heard JFK speak about the too-high top tax brackets that were crippling the economy of the early 1960s. Tax rate reductions were a theme of his presidency. The man likely would never receive the Democratic Party nomination today.
http://www.wnd.com/news/article.asp?ARTICLE_ID=39517

KimmyQueen
Guest

If by the poster you mean the stalker bloviator, I do my best to not loose brain cells by reading the stalker’s nonsense. However the stalker more than likely never really produced anything of value not just for itself but for human beings that can help generations of people. So the stalker doesn’t know the value of producers. The stalker probably just sees the value of government. That pretty much tells us all we need to know about the stalker’s priorities.

KimmyQueen
Guest

“Layoff notices? The Golden State must have a lot of ATMs.”

This just made me laugh out loud. That has GOT to be the problem.

Government people need to understand without producers you have nothing. It is simple, it is plain. Government just wants to punish those that essentially makes it possible for gvt to exist. It is almost suicidal. I have no idea what this politicians are thinking.

Olivia
Member

Government people need to understand without producers you have nothing. It is simple, it is plain. Government just wants to punish those that essentially makes it possible for gvt to exist. It is almost suicidal. I have no idea what this politicians are thinking.

*******************
What a foolish statement. It’s THE PEOPLE who make it possible for the government to exist, not just a handful of billionaires and entrepreneurs.

Billionaires and entrepreneurs, by the way, who were managing just fine (without complaints of being “punished”) before toadying GOP politicians started building them up as the American version of old time European aristocracy.

David Bishop
Member

That’s why 90% of tax revenue is paid by the top top % of Americans? Doesn’t seem very socially justified.

Sidekick
Member

Liberals simply do not understand how wealth is created. How do I know? Because the current administration continues to beat the same left wing drum of spending our way out of debt/to prosperity while giving no apparent thought to where that money is coming from. Every public dollar spent is a private dollar that has been crowded out of the market because that public dollar was taken from someone. Government can not create wealth. Period.

Jay
Guest

I think he must have read this, or just the cover. http://www.amazon.com/Spend-Your-Way-Wealth-Retirement/dp/1581152728

PsychoDad
Guest

I wonder if Our Livvy is Cleverbot?

David Bishop
Member

Nothing clever about Olivia.

FormerlyDeanH
Guest

So clever only to fool ones self.

PsychoDad
Guest

Dear Lord, Our Livvy has GOT to be a paid hack, or even a ‘bot! No human being with a shred of dignity and self-respect could churn out that cold vomit of their own free will!

DJ
Guest

Professor Mark Perry explores the phenomenon:

“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.”

If I’m not mistaken, I believe U-Haul has a tracking system as well, in which it shows the volume of their truck rental origin of departures and destinations. I haven’t seen it in awhile, but California was leading the pack in departures. The ‘pack’ being only the first 50 states…they didn’t give info on the other seven.

RockingHorseGuy
Member

You see U-Haul trailers and trucks entering the state daily. On flatbed semi-trucks, being hauled into the state to be redistributed to the dealers.

YT
Member

The downside of this news is that all those californians are going elsewhere to f*ck up those communities too. Before you know it the midwestern states will be punishing capital, banning guns and worshipping gaia too.

Not so silent
Member

Not everyone leaving is a communist, in fact the people in Oakland, San Freakcisco, and Berzerkely along with L.A. like it there cause they have brought socialism to the forefront. A lot of the people who move are people like me who came from other states (red) years ago for the job opportunities, now those are gone. I think the majority of pot smoking, sandal wearing, long haird hippy freaks are moving to Colorado, Washington, and Oregon. Those are the next states to fail…

RockingHorseGuy
Member

You’ve got it backwards, YT. It’s the producers, the taxpayers, that are leaving. The teat suckers are moving in, entrenching, and staying the course.

brm
Member

I was surprised at how many people would flee California and come to Nevada to escape the craziness … only to start trying to change Nevada to be more like California.

Las Vegas is a lost cause, overthrown by Libs. Northern Nevada still has a chance to hold them off, since the locals make it VERY plain that we don’t care HOW you did it in California. It might also help that it is well-known that the populace is well armed.

Navyvet
Member

We always hear about how great the Socialist Utopia will be. But of course, the reason that it has never worked anywhere ever, is simply because the “right” people are not in charge. Sooo, I think I had heard from the Kookafornia liberals that Gov. Moonbeam was indeed, for once, the “right” person. He himself said he would fix things up in six weeks. So hows that workin out so far? I’d say about as well as the hopey changey bs the now graduated and unemployed former college students were so excited about.

Olivia
Member

We always hear about how great the Socialist Utopia will be. But of course, the reason that it has never worked anywhere ever, is simply because the “right” people are not in charge.
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The only ones who talk about “socialist utopia,” in my experience, are far righters. We liberals aren’t gullible enough to think that “utopia”exists on Earth, or that it could be achieved just by supporting the right candidate or corporation.

I always get a laugh at FAUX News devotees, though, who dutifully parrot that socialism never works. I guess it hasn’t occurred to you that ALL leading industrialized nations today have at least a small element of socialism in their economic systems? And that there’s NO leading nation that is completely free of social programs? And that many of the social democracies the far right loves to hate have higher average life expectancies, lower rates of infant mortality (you know, those “innocent babies” that far righter kick up such a fuss about?) and a lower percentage of infants being born into poverty?

That’s not what I’d call a “utopia,” but it’s a goal that still eludes OUR grasp….and it’s getting further away every year.

David Bishop
Member

There isn’t a country working today except China, Olivia. That’s because the socialists got their hooks in on USA in the early 1900s.

David Bishop
Member

Herp derp. Olivia is feverly researching now, since I just said that every socialist country is failing. 🙁

Olivia
Member

Herp derp. Olivia is feverly researching now, since I just said that every socialist country is failing.

**********************
No, David, actually I was sleeping. Night shifter here, remember?

I think a lot of far righters, who say that the country was “working” until social programs came along, aren’t too familiar with history. Either that, or their views of 19th century America are based on sentimental and sanitized Hollywood versions, like Little House on the Prairie and Dr. Quinn, Medicine Woman. In fact, social Darwinism (there’s a liberal buzzword for you) was the rule back then: the rich got richer, and the poor were often stuck in poverty (those who were lucky enough to survive infancy, that is). There was no real reason for federal health care programs back then, since it was a given that medical treatment was only for those who could pay. Everyone else either got well on their own or died. And no one questioned it when a whole family was carried off by diphtheria or typhoid, because medicine was much more primitive back then, and most of the medications and technology we rely on today didn’t exist.

Back then, it was also a given that people who got too old to work ended up in severe poverty, unless they happened to have family that would (and could) take them in. Even those who were able to live with children and grandchildren didn’t necessarily receive the high quality care that modern Americans expect for their loved ones. Poorer families didn’t have someone at home to tend to Grandma 24/7, nor could they afford qualified help. But, then, Grandma wasn’t as likely to live long, or have as high a quality of life during old age, since there was no effective way to treat pneumonia, sepsis, urinary tract infections or difficulty swallowing, which can all lead to life threatening complications if not properly addressed.

Back then, too, the men who overcame poverty through hard work didn’t face the same obstacles that poor people face today. In most cases, they didn’t have to compete with women or nonwhite men for the best jobs, because the best jobs were available only to white men. In most cases, too, they didn’t need a degree, or in some cases even a high school education, because it was often possible to start out with a lowly position in the company, and work your way up to a much more lucrative one. They didn’t have to worry about the company passing over loyal employees and hiring an MBA fresh out of college, because back then, mutual loyalty was the rule for employer and employee. The expectation was that the employee would remain with the company until retirement, at which time the company would provide said employee with a pension.

All that changed when employers realized that they could avoid a lot of expense by hiring part timers for low pay (and no benefits), and laying them off whenever they needed to boost profits. It also changed when civil rights legislation made it illegal to show gender, racial, ethnic or age bias in hiring practices. (The bias still goes on, of course, but employers can’t be as blatant about it.) And, of course, medical advances made health care much more costly. Today, Grandma doesn’t have to die of sepsis following a urinary tract infection—–but, on the other hand, treatment for that infection is likely to cost much more than a barrel of apples, or a cord of wood.

I could go on, but I won’t, since I doubt anyone will bother to read this before hastening to argue with it. The bottom line: The Good Old Days weren’t nearly as good as television and the movies like to depict them. In fact, they were a lot like the Bad Old Days that so many poor in third world countries are currently struggling with. And, if you can’t or won’t recognize that fact, then no amount of arguing is going to do any good.

David Bishop
Member

Didn’t you just prove my point? You just said poor people were able to work their way to the top, albeit it took a lot of will to do so. I have read your post 3 times and you have yet to explain why we are better off now.

Jay
Guest

There are beneficiaries in every Ponzi scheme. But as Lady Thatcher put it, “The problem with socialism is that SOONER OR LATER [my emphasis] you run out of other people’s money.”

LA Sunset
Member

///The only ones who talk about “socialist utopia,” in my experience, are far righters. ///

No, the the progressives talk about it all the time, they just don’t use those terms. They adopt code words to describe their actions and purposes. But progressives aren’t as smart as they think, because people like us see through the smoke and mirrors.

The majority of environmental groups have been hijacked by socialists, most of their cause terminology is code for socialist and communist principles. When the goal is to punish the rich, the rich always find a way to survive and the little people who you progressives claim to want to help suffer. The rich people move their factories and companies where taxation is less burdensome and the jobs go to the states where taxes are lowest. It is a fact and this post supports that notion.

But you, being who you are, like to come around and make asinine statements because you agree with the socialist dogma, despite the fact that no one in the movement has the guts to call it what it is. You are either of most people dishonest or you don’t have a clue. But either way you are wrong.

Social programs have existed for many years, we all know this. I have seen them in action longer then you, and they don’t work. But the people you seek to demonize are the ones who think there are way more than necessary and they want to eliminate the ones that are expensive, ineffective, and unnecessary. They see through the BS that you and your peers spew about social justice and equality by taxing and punishing the rich. I am one of those people and I think all government programs should be scrutinized and probably 80-90% of them should be abolished. And yes, that includes subsidies to corporations.

Olivia
Member

Social programs have existed for many years, we all know this. I have seen them in action longer then you, and they don’t work.
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How do you know how old I am, or how long I’ve seen social programs in action, LA? 😉
************************
But the people you seek to demonize are the ones who think there are way more than necessary and they want to eliminate the ones that are expensive, ineffective, and unnecessary.
***********************
I’m not necessarily trying to “demonize” anyone. I’m questioning the groupthink that assumes that (1) private enterprise will always do right by the public, even if it means cutting into profits; (2) people who live in poverty will magically pull themselves out of it (with or without opportunity) if you yank away the safety nets; (3) if things appear to be going smoothly, it means that we can do away with the regulating agency whose job it is to MAKE things go smoothly; and (4) turning this nation into a giant co-op of hermits, where no one has any social obligations, is the ideal route to prosperity, even though there’s no record of any nation ever achieving prosperity in that way.
*******************************
They see through the BS that you and your peers spew about social justice and equality by taxing and punishing the rich.
*******************************
You see, that’s one of the things that irritates me about so many self described patriots on the far right. You boast about how much you love the country, but then you whine that being taxed, in order to keep it in good working order, is tantamount to being “punished.” Keep in mind, LA, that we’re not asking for the wealthy to pay on a higher scale than they did in the past, when this economy was booming. You didn’t see any big shortage of people striving to be millionaires then, did you?

The “social equality” buzzword is yet another red herring, manufactured by right wing spin doctors, and designed to make liberals look like closet communists. I’ve never said anything at all about “social equality.” In fact, what I’ve said has been pretty similar to what right wingers keep saying: the nation’s poorest and most vulnerable need opportunity, and in many cases a hand UP, to get ahead.
***************************
I am one of those people and I think all government programs should be scrutinized and probably 80-90% of them should be abolished. And yes, that includes subsidies to corporations.

***************************
That’s because you take them for granted, and therefore assume that they’re not doing anything useful. It’s very telling that you already know what percentage you think should be abolished, without benefit of scrutinizing them first. It’s the old “My mind is made up, so don’t try to confuse it with facts or logic” syndrome.

David Bishop
Member

Actually Olivia, there is a record of a country reaching prosperity without safety nets. That nation is the USA. Then, if you look at our debt records, you will notice certain points in time where our debt skyrocketed. The inception of the FED. The beginning of social safety nets.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo3.htm

Social Justice is not a buzzword manufactured by right wing spin doctors. It was a word contrived by early progressives functioning upon the teachings of St. Thomas Aquinas. As the HRM stated in 1925, Social Justice is “the right and opportunity of all people to benefit equally from the resources afforded us by society and the environment.”

Please stop regurgitating MSNBC talking points, and do some research.

Olivia
Member

Social Justice is not a buzzword manufactured by right wing spin doctors.
********************
But it’s been given a negative connotation by them, just as they tried to do with the words “liberal” and “progressive.”

jwilson07
Member

Those mean ole conservatives! Why they messed up nice words like “communist” and ” concentration camps”,”gulag”, and my favorite” re education camps”. Pol Pot was a great guy, ask any liberal who helped put him into power by smearing our military for 30 years. Words like”liberal” and “progressive” really mean ” Useful idiot” and ” communist dupe”. I think after all the dead at the hands of the communists and socialists we have learned what you really are and what you need to be called.

LA Sunset
Member

//But it’s been given a negative connotation by them, just as they tried to do with the words “liberal” and “progressive.”//

Maybe it’s because there is no such thing as social justice. It’s a false ideal dreamed up by Marxists who present a standard that does not exist, except in the minds of the power hungry elitist shitbirds whom you worship.

The reason people like me irritate you so much is because I call your BS and refuse to allow your weak and faulty logic to go unchallenged.

David Bishop
Member

Actually pretty sure progressives hi-jacked the liberal train. Hence now conservatives are forced to say they are “classic” liberals, as opposed to modern liberals. You gave yourself the negative connotation. Progressive has always had a negative connotation, atleast since I was a child.

hisham
Guest

That’s okay DB, progressive had a negative connotation when I was a kid and when my dad was a kid and even when his dad was a kid!

LA Sunset
Member

//I’m not necessarily trying to “demonize” anyone.//

You are too. Stop trying to BS people. You demonize everyone who fails to see your faulty ideology. I see right through you, you are nothing new to me, as do most of the others that frequent this blog.

You only fool yourself.

RockingHorseGuy
Member

So how come Moonbeam didn’t “fix” it when he was Governor for numerous years before?

jwilson07
Member

Its VERY unfair how we in California are being judged by our back east brethren.You easterners call us stupid,wild and utterly vapid when it comes to real life economics. Well I have news for you, its WAYYYYYYYYYYYY worse then you think it is out here.

Olivia
Member

Its VERY unfair how we in California are being judged by our back east brethren.You easterners call us stupid,wild and utterly vapid when it comes to real life economics. Well I have news for you, its WAYYYYYYYYYYYY worse then you think it is out here.

**************************
Then why don’t you move? There are plenty of cheap properties standing vacant in red states, I understand. 😉

jwilson07
Member

Actually that is the plan for myself and my wife. Lord knows we are despised here since we both work and pay our taxes. If we could become illegals and communist democrats we would of course stay. I’ll leave the light on for you since your bound to be moving here soon.

danybhoy
Member

People are leaving, buisiness is leaving, & with it, the production class. Many of those who are going to California, are not producing enough to cover their social footprint, particularly when those showing up are illegals who know little or no english, have little education, & have many more children then they could ever afford on their own. These people are clogging the school system, but pay no property taxes that support the system. They use the ER at the hospitals at nauseum, & are not expected to pay. The criminal gang problem in California is out of control as well, & the cost to those who are trying to make a living & do buisiness there are being forced to pay the bills.

BTW, on paying the bills, you have dumb-ass San Francisco, & their collective idiocy. They decide to come up their own universal healthcare program, or whatever other stupid idea that costs way more then they can afford. They can’t pay the bill for the program, they then go to the statehouse, & then when they run out of money, THEY LOOK TO WASHINGTON DC WITH THEIR HAND OUT. That, is unAmerican, & it should be illegal. The people in South Dakota, Mississippi, & New Hampshire should not be paying for stupid sh!t that cities & states can’t afford because it’s not their money.

It’s crunch time people, America will become 1 of 2 things…

1. If the Soros/Obama/MSM/UN/SEIU/GE coalition wins, we will be a WELFARE STATE, with a very limited future

2. If the American people win, we remain a free people with the same rights stated in the US Constitution. As Ben Franklin said, “We have founded for you a republic, if you can keep it.” We either win & work to restore the CONSTITUTIONAL REPUBLIC we are supposed to be…Or we become the cradle to grave SOCIAL DEMOCRACY the left wants us to become.

Not so silent
Member

Then why don’t you move? There are plenty of cheap properties standing vacant in red states, I understand. Said Olivia…

Thanks to Barney Frank, his boyfriend, Obungles and Bernake….Actually Kalifornia leads the nation in foreclosures and vacant properties, we got plenty of room for more entittlement type people who want everything for nothing and then they lay around on the couch eating chips and bitching about not getting enough handouts…Theres your Utopia…

Olivia
Member

Then why don’t you move? There are plenty of cheap properties standing vacant in red states, I understand. Said Olivia…
*******************************
Thanks to Barney Frank, his boyfriend, Obungles and Bernake….Actually Kalifornia leads the nation in foreclosures and vacant properties, we got plenty of room for more entittlement type people who want everything for nothing and then they lay around on the couch eating chips and bitching about not getting enough handouts…Theres your Utopia…
**********************
Translation: “Hey, I don’t wanna move. I’d rather b*tch and parrot stereotypes.”

RockingHorseGuy
Member

Thumbs down, move along, nothing to see here, folks.

Not so silent
Member

Kalifornia is a perfect example of lunatics running the Asylum..We just had the legislature pass a budget (first time in 20 years on time) that Governor space cadet vetoed…Now the legislators are in a huff because a law was passed last year, no budget, no legislative pay…The budget was about two BILLION off from being balanced and the liberals were patting themselves on the back saying what a wonderfull thing it was. Like the high speed rail we don’t need. Kalifornia is a train wreck. The problem is a full time legislature..Too much time on their hands, thats why we get over regulated and taxed to death, when you put a room full of mensa rejects together for an entire year, you get people who feel the need to promote legislation like banning plastic garbage bags, then there is the air nazis, the California air resourses board which just ruled that Diesel engines have to pass a “smog test”, so naturally these ensteins just made about 300,000 vehicles unworthy of driving on these gravel roads they call freeways. Then again the folks at CARB were patting themselves ont he back about how many millions of people would not die because of this…Yet we give illegal aliens free tuition to college..So if your a welfare mope, criminal, illegal alien or other collector of entittlements, your more than welcome in Kalifornia, anyone who actually makes money must leave and must leave their money at the Border….I could go on but you get the picture…This is the PERFECT EXAMPLE of LIBERALS GONE WILD….and it sucks to be here.

Jay
Guest

And don’t forget the LegiSLUTure has saved us all from evil global warming by outlawing most incandescent bulbs. I use plenty of compact fluorescents, but they won’t work in my dimmer-switch fixtures. Nothing like forcing everyone to spend more money unnecessarily to accomplish their utopian agenda. ):E

Not so silent
Member

I can think of a few sockets that I would like to screw a CFL into, and they are all in Scaramento. 🙂

hisham
Guest

What if this whole conundrum is a Cass Sunstein inspired progressive-statist attempt to empty the state of everything but the buildings so that the little brown indians from Guatemala, you know, the ones the libtards insist were here first, can come back to Kalifornia and reclaim their ancestral hunting, fishing, and burial grounds?

jukin
Guest

BUT WAIT!!!

We in kalifornia are the green jobs mecca. We have very expensive power and the highest regulation along with the highest taxes. These elements are what our liberal betters keep telling us will add up to socialist utopia and a glorious future.

1+1=POTATO

drb
Member

Does the power even stay on??

RockingHorseGuy
Member

Yes, it does. But oh boy do we pay for it.

Jay
Guest

We have to assault the statist mentality everywhere it’s found. Here in the Golden State, the litmus test should be asking if someone voted for the Bullet Train. If yes, SLAP him and ask, “What were you thinking?”

john_of_il
Guest

There is something in nature that tells animals to run and hide before an earthquake – maybe this is a sign that ocean front property will be to the east of the San Andreas fault.

RockingHorseGuy
Member

Cool, then I have a choice of eastern or western beaches to go to. And maybe get a job helping to build the new bridges that would be needed.

KimmyQueen
Guest

Way to find the silver lining man… *thumbs up*

Jdiehl
Guest

I have done my part as well. California is at the top of my list of places I will not do business with in any form. I don’t travel through there, I don’t buy goods from there via the Internet and I avoid and other entities that I find doing business there.
Number one however is New York – state and city. Land of loons and corruption.
A couple others include Minnesota, Wisconsin and New Jersey. Tax lands above all else. It is time for EVERYONE to ask “Is what I am doing good for the country?”
J

Sententia
Member

Must be a democrat monitoring and deleting this post… My 2nd attempt…
The problems began with Jerry Brown in the late 1970’s. He was an anti-business democrat and believed then and now that Government creates jobs. California, once the Golden State has become a liberal mecca. No more gold. It’s iron pyrite.

Sententia
Member

The decline started with Moonbeam during his first run. He was an anti-business democrat. Like all democrats, he believed (still does) that Government is the creator of jobs. California used to have Steel Plants, Tire Plants, Auto Plants, Aluminum Plants, Ship building plants… And now, all we have is hemp plants. This goes directly to the democrat mindset.

danybhoy
Member

The people who are trying to figure out why buisinesses are fleeing California, & why many other buisinesses are leaving America need to look no further then Cass Sunstein. Yes, that Cass Sunstein that Glenn Beck has been going after forever. His whole deal is to “nudge” people into doing what he wants you to do. When you tax the sh!t out of people & buisinesses, plus regulating the crap out of everything, you “nudge” people away from areas under those controls. These are the same people bitching about corporations just sitting on billions & not investing the money, but why invest when there is no chance for a return on investment, & if there is, the gov’t will tax it away from them because the leftist in gov’t think corporations exist as a social benefit. When they don’t, they need to show a profit or they go defunct.

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