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
Write a commentRelated Articles
Concerns remain after hack of San Francisco rail system
Six weeks after some 900 computers used by the San Francisco Municipal Railroad were hacked with ransomware, many concerns remain
Mish: Budget avoids structural reform
From Mish’s Global Economic Trend Analysis blog (his posts are crossposted with permission): Tonight, with much fanfare, Schwarzenegger released his
Addicted to scare tactics
June 3, 2013 By Steven Greenhut SACRAMENTO — “As many as 100,000 crack babies are born every year,” reported the
California has stunted minds due to dope, booze, meds and public school educstion.
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!
BAD PLUTO!
Haha! Bad Mickey!
Or maybe the busineses just know what’s best for the state, and themselves, in the long run. Enlightened self interest.
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.