You know, this just drives home how stupid politicians can be when it comes to economics. Years ago, when a lot of corporations were leaving unionized states in the north for non-union states in the south, Gov. Celeste signed an exit tax for the state of Ohio. As I recall, any company that was closing an existing plant in OH had to pay an exit tax equal to six month’s payroll. The idea being that those funds would be used to pay unemployment comp and retraining costs. What is amazing is that the politicians were surprised when new company formations in OH went to almost zero after they passed the exit tax. When are they going to learn that tax policy extends beyond simple tax collections. Idiots...
Liberal politicians play checkers but real life is chess.
So what’s to stop people from, rather than moving, just shutting the place down and selling the recipes, trademarks, and so on to a new corporation coincidentally operating in a free state? Can’t tax the dead (not even corporations).