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.
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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.