Greenhut: California businesses are wimps on high taxes

Oct. 17, 2012

By John Seiler

Our colleague Steven Greenhut writes in Bloomberg on how many California businesses are selling out the state on taxes:

“While the proposition’s Lincoln Club backers are conservative, most corporate political players in California have hardly been associated with conservative causes, even on the tax, regulatory and economic issues where one would expect them to tilt right. Instead, business leaders have tried to play ball with the Democrats, who control every constitutional office and have an ironclad grip on the state Legislature.

“The game seems rigged, and the calls go against the capitalist cause. Yet the private sector keeps on playing. While this dynamic is common in some other states as well, business interests in California seem less willing to put up a spirited fight than in most other places.”

Read the rest here.

6 comments

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  1. Ulysses Uhaul
    Ulysses Uhaul 17 October, 2012, 11:52

    California has stunted minds due to dope, booze, meds and public school educstion.

    Reply this comment
  2. barb
    barb 17 October, 2012, 13:20

    I learned just yesterday Disney donated $1 million in support of prop. 30. I was flabberghasted. Sadly, I wont b patronizing their parks any longer!

    Reply this comment
  3. Ulysses Uhaul
    Ulysses Uhaul 17 October, 2012, 13:37

    BAD PLUTO!

    Reply this comment
  4. barb
    barb 17 October, 2012, 13:53

    Haha! Bad Mickey!

    Reply this comment
  5. Douglas
    Douglas 17 October, 2012, 19:23

    Or maybe the busineses just know what’s best for the state, and themselves, in the long run. Enlightened self interest.

    Reply this comment
  6. us citizen
    us citizen 18 October, 2012, 13:46

    What are the odds that a business lasts 3 years? I forgot but its not very high. Then after 5, its even way less. With that kind of mentality of not being able to run a business, no wonder they dont step up for themselves.

    Reply this comment

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BloombergJohn SeilerSteven Greenhut

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