It’s been over 20 years since I was in CA. Company I worked for then had a division in Ontario, CA. The CA portion of the company lost more money than the TX operation made for almost 20 years. They both are gone now, went bankrupt.
The TX division made $1,000,000 profit the year before they both closed.
CA is truly Loonie Land.
They truly are. And they keep electing the looniest of them all with Moonbeam Brown.
An example is when Joseph Vranich, president of site selection consultants Spectrum Location Solutions (VLS) in Irvine, found that roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the seven years since 2008 due to the Golden State’s “hostile” business environment.
Vranich reports that the bitter negative perceptions of California for business began during Jerry Brown’s first chaotic two terms as California Governor from 1975 to 1983. Things got so bad that the Governor instructed his aides in 1977 to begin wearing “California Means Business” buttons.
California had almost the lowest poverty rate in the nation in 1977 at about 11.8 percent due largely to the welfare and support programs that kept the poor above their heads. But after the mass migration of 9,000 businesses, California’s 16.4 percent poverty rate is substantially higher than the 14.5 percent national average and near the top overall. You can’t bleed a turnip.
rwood