“Gov. Jerry Brown’s spokesman, Gil Duran, told the Times in response, “This is a Republican myth that is often repeated yet simply not true. Reputable studies have shown that businesses are not fleeing the state for the cold, empty and desolate hinterlands.””
Just three, all among the largest companies in their industries:
Fluor Corp, Orange County CA to Irving TX (Major international engineering & construction contractor to energy, chemical, mining, government infrastructure, nuclear and other markets)
Fidelity National Financial, Santa Barbara CA to Jacksonville FL (2nd largest Title company in the US, plus related financial services, real estate related software, etc).
Northrup-Grumann, Century City CA to Wash. DC suburb (one of the top defense contractors in the world)
They may not be fleeing to Iowa or empty and desolate hinterlands, but they a fleeing, nonetheless.
And their flight is a huge component of the state’s fiscal disaster. Those fleeing companies take with them very highly paid top executives and staff, plus support services, real estate interests, etc.
Gone forever.
I predict the voters will NOT aapprove tax increases, so the state will make the deeper cuts, which in turn will in the short run drag down the economy.
Really? I guess I'm just cynical; but, I would predict the exact opposite. CA voters are insane, and they will vote to raise taxes. In the 2010 elections, they had choices to make that would have put their state on a better path. They rejected all other options, and chose to go with the status quo of how the state has been run for years. They seem completely detached from reality.