. . . “I moved for three reasons – taxes, regulations and quality-of-life,” said Joseph Vranich, president of the boutique consulting firm. “First, I’ll have greater freedom in my business now that I’m free of California’s notorious regulatory environment and threats of frivolous lawsuits that hurt small businesses like mine,” he said. . . .
Nestle and others in California quietly admit that they are overtaxed and over-regulated, and elected officials treat them not as honored members of the community but as rapacious pirates. Apart from having higher taxes, absurd housing costs and more regulations than nearly any other state, says IBD, California’s wacky laws have turned the Golden State into a venue of choice for activist groups to file costly class action lawsuits — or to launch anti-corporate PR campaigns against big, wealthy targets like Nestle. (vexatious litigants)
"California is facing a bigger issue than its tussle with the Federal government over sanctuary cities. According to a November report from the U.S Census Bureau, the Golden State has had 142,932 more residents exit to live in other states than people arriving from other states. This domestic outmigration was the second largest outflow in the U.S. behind New York and New Jersey. It was up 11 percent (13,699 net departures) compared to 2015.
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"The state’s net outmigration has been continuing for over two decades, yet the state’s population continues to grow owing to foreign immigration. According to census numbers some 108,301, or 0.3 percent immigrants came to California as new residents from other countries. That and more births than deaths contributed to limited population growth. To everyone else the state has become a hard sell to people who presently live elsewhere in the country.
"What is more serious is the number of California-based companies that have left or signaled their intention to leave the state. Last year marks the first anniversary of the announcement that Carl’s Jr., a California burger icon for more than six decades, was relocating its headquarters to Nashville. It’s a symbol for what’s become a stream of businesses that have quit California. What was once an almost quiet exodus of companies now looks more like a stampede." . . . (Hat tip to Harley Standlee; Ca.)
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