California doubling down on destroying its tax base...

[K Frame]

Companies benefitting from the lower corporate taxes is a good thing. Unless you're a Democrat, then it's the most evil thing ever to come down the pike.

California Democrats, on the other hand, are apparently looking at it as a potential winfall -- for the state's tax coffers.

"Assemblymen Kevin McCarty of Sacramento and Phil Ting of San Francisco introduced Assembly Constitutional Amendment 22 Thursday that would raise corporate taxes on California companies with revenues higher than $1 million. The state tax hike would be for an amount equivalent to half what they received from the federal tax cut."

http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-california-democrats-pitch-business-tax-1516315691-htmlstory.html

And yet, that very same Democratic party is oh so worried that the new Federal tax laws are going to cause even more Californians to flee one of the most predatory tax systems in the world (and one that has potentially the least return to its citizens)...

http://www.sacbee.com/news/politics-government/capitol-alert/article195405279.html

Here's the kicker...

"The state’s wealthiest 1 percent, for instance, pay 48 percent of its income tax, and the departure of just a few families could lead to a noticeable hit to state general fund revenue."

And yet, apparently the wealthy in this country still don't pay their "fair share."

Anyone who lives in California willingly, or keeps a company there, is a fool.

[HankB]

They must be putting something in the water besides chlorine and fluoride . . .

[Pb]

I hope it passes... we could use some more businesses fleeing from CA in my state.

[makattak]

I hope it passes... we could use some more businesses fleeing from CA in my state.

So long as they don't bring "California values" with them.

Locusts, the lot of them.

[RocketMan]

So long as they don't bring "California values" with them.

Locusts, the lot of them.

This, in spades.  They destroyed Oregon and Washington.

[charby]

I think they are banking on that companies want to be in California, if they wanted lower tax rates they wouldn't be in California in the first place.

I think this applies for other higher corporate tax states, people/companies want to be in those locations.

[K Frame]

I think they are banking on that companies want to be in California, if they wanted lower tax rates they wouldn't be in California in the first place.

I think this applies for other higher corporate tax states, people/companies want to be in those locations.

Some companies will always choose to have a California presence. That's only logical.

But there are many, many companies that have HQs in California for no real logical business reason other than that's where they decided to land for whatever reason.

Example, Nestles. https://www.investors.com/politics/commentary/another-big-company-departs-california-will-last-one-to-leave-shut-the-lights/

That article really hits then nail on the head with this line: "Such corporate harassment is now routine in a state whose top officials and local politicians — virtually all of them far-left progressive Democrats — actively despise capitalism."


This is from 2013: http://www.kcra.com/article/two-dozen-companies-commit-to-leaving-california-1/6402348

This is from 2016... https://www.pasadenastarnews.com/2016/08/09/how-many-businesses-have-left-california-this-report-claims-to-have-an-answer/

It cites a report that says that 10,000 businesses have left California because of its tax and regulatory burdens.


My company moved its HQ out of San Diego to Virginia some years ago. In part because our founder retired and our major customers are in Washington, DC, metro, but according to some there was also a very strong desire to escape the predatory taxes and regulatory burdens.

[mtnbkr]

Adam Carolla has a number of times reported on the CA business environment from his perspective (multiple business owner, resident, entertainer) and has hosted a number of CA politicians on his podcast to explain their actions.

Some of those politicians are scary in their beliefs.  I'm not talking about minor political difference of opinion, but statements that make you wonder if they're even on the same planet.

Chris

[RocketMan]

I wonder when California will create legislation making it illegal for companies to move out of the state?  It seems like the logical next step for a government drifting slowly toward socialist totalitarianism.

[charby]

But there are many, many companies that have HQs in California for no real logical business reason other than that's where they decided to land for whatever reason.

I think because their upper management want to live there or they know they have a steady stream of employees. There are people who want to live in California because of the mountains, ocean, warmer climate, etc. California also have well established shipping ports and rail terminals.

It's cheap to live where I live, but businesses are having a hard time finding employees because it takes a unique person to live in north central Iowa. I think there are over 2000 jobs openings, granted many of those are not that great of wages but some pay well. I want to live here because it fits the many of the needs I want. My wife hates it.

[230RN]

So long as they don't bring "California values" with them.

Locusts, the lot of them.

This, in spades.  They destroyed Oregon and Washington.

Colorado's past that tipping point now.  The locust analogy is sooooo apt.  Our "insects" also stream in from the east, blackening the sky and voraciously stripping the leaves off every branch of freedom.

An invasive species, if ever there was one.

Don't Californicate __________________.

Terry, 230RN

[tokugawa]

Question for the leftists-

 "If California is so great, why do you want to leave? And if California is so bad, why do you emulate it every place you move ?

 

[p12]

Question for the leftists-

 "If California is so great, why do you want to leave? And if California is so bad, why do you emulate it every place you move ?

 

^^^^^^^^ This ^^^^^^^^

I hope they don’t ruin Texas. We’re not that far away from being left leaning with the large metros.


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[HankB]

I wonder when California will create legislation making it illegal for companies to move out of the state?  It seems like the logical next step for a government drifting slowly toward socialist totalitarianism.

I've no doubt they've considered it, but probably ran into some impediments at the Federal level. (Speaking of the Feds, IIRC, Obama's NLRB gave Boeing a hassle about opening up a factory in NC, saying it was "unfair" to the union in Seattle. Was a scenario that reminded a lot of people of Atlas Shrugged.)

[RoadKingLarry]

I seem to remember hearing California's commies talking about instituting an "exit tax" for  businesses and even individuals moving out of the state.

[230RN]

I seem to remember hearing California's commies talking about instituting an "exit tax" for  businesses and even individuals moving out of the state.

<stage whisper> I wish there had been a tax on them for moving into Colorado.</stage whisper>

....

I hope they don’t ruin Texas. We’re not that far away from being left leaning with the large metros.

Common problem --the tyranny of the metro areas.  Hard to break that headlock.

We sorta did it, in a way, with the last Presidential election.  But that was only because of the Electoral College system.

I almost wish the same type of system could be applied within the States for State issues.  Representation by geographical unit instead of mere moron density.

[Firethorn]

Question for the leftists-

 "If California is so great, why do you want to leave? And if California is so bad, why do you emulate it every place you move ?

Simple,  salami tactics. Those moving out generally don't disagree with everything, just believe it went too far. So, they move elsewhere, but think their new area hasn't gone far enough.

[K Frame]

"I seem to remember hearing California's commies talking about instituting an "exit tax" for  businesses and even individuals moving out of the state."

Nazi Germany instituted that for the Jews.

Want to emigrate? You can take a few hundred Reichsmarks with you, but you have to pay the next two year's taxes in full.

I have a very funny feeling that were California to attempt to slap an exit tax on corporations that it would very quickly go to the Federal courts and California would get its ass handed to it under provisions of the Commerce Clause.

I was doing some reading last night and it dawned on me. California is quickly moving towards a Venezuela-style government. An increasingly draconian tax burden that's going to prop up an ever closer-to-collapse set of state social services, more and more of which is nothing more than "free *expletive deleted*it to make sure we keep our voting base appeased."

[230RN]

"I seem to remember hearing California's commies talking about instituting an "exit tax" for  businesses and even individuals moving out of the state."

Nazi Germany instituted that for the Jews.

Want to emigrate? You can take a few hundred Reichsmarks with you, but you have to pay the next two year's taxes in full.

I have a very funny feeling that were California to attempt to slap an exit tax on corporations that it would very quickly go to the Federal courts and California would get its ass handed to it under provisions of the Commerce Clause.

I was doing some reading last night and it dawned on me. California is quickly moving towards a Venezuela-style government. An increasingly draconian tax burden that's going to prop up an ever closer-to-collapse set of state social services, more and more of which is nothing more than "free *expletive deleted*it to make sure we keep our voting base appeased."

That took you until last night to figure out? :D

Tongue-in-cheek, right?   (Unless I'm reading you wrong.)

We've been talking about "gimme-gimme voters" and "free expletive deleted it" voters and how certain political parties pander to that base for decades now.  The fact that certain national "democracies" do that as well is fairly obvious, no?

Terry  

[K Frame]

California has been far stealthier about it than Hugo Chavez was about the whole flusterlcuck he set into motion.

And, of course, Chavez was championed by much of the US media, who were absolutely certain that the right people were finally in charge and that socialism was finally going to trump capitalism.

What it's quickly coming down to is that California is turning into a third world state in a first world nation.

[Scout26]

California has been far stealthier about it than Hugo Chavez was about the whole flusterlcuck he set into motion.

And, of course, Chavez was championed by much of the US media, who were absolutely certain that the right people were finally in charge and that socialism was finally going to trump capitalism.

What it's quickly coming down to is that California is turning into a third world state in a first world nation.

They are trying to stay ahead of Illinois....

[K Frame]

Weatherby just announced it is saying *expletive deleted*ck you to California and moving to Wyoming.

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[Ben]

They've got this going on too:

http://www.foxnews.com/us/2018/01/23/new-california-policy-opens-door-to-illegal-immigrant-voting.html

If I'm an illegal in a sanctuary state, if all they need is for me to affirm that I am a citizen (or not), why on Earth would I ever say "not a citizen"? If nothing else, illegals would probably be afraid to say they're not citizens for fear of being arrested (greater fear than lying on a DMV form). Especially when they know the state won't follow up on anything.

I've always said that we have at least a million illegals voting in CA. This should at least triple it. If it only affected CA, I'd say, "burn it down". However, it will affect the rest of the country as well, given the direction most of the votes will go.

[K Frame]

Looks like the Sacramento Bee is breaking the faith. This is huge, as they'll probably be taken over  for staff reeducation any moment.

Well, I'd love to link to the *expletive deleted*ing editorial, but Fox new's link to it takes me to a completely different newspaper on a completely different subject.

[Ben]

Well, I'd love to link to the *expletive deleted*ing editorial, but Fox new's link to it takes me to a completely different newspaper on a completely different subject.

You mean the URL I posted? I just checked it and it took me to the story. Maybe you got some browser malware when you clicked on the "Barney's purple dinosaur dong" link in the other thread.