Business Flood from CA seems to be reaching critical mass

[Manonthestreet]

and predicted to grow due to new CA immigration law that contradicts FED law, so either way you are toast. Didnt list number of jobs involved but if it keeps up cant be good.
New study confirms business flight from California accelerating – Press Telegram
The evidence is more than anecdotal. According to a recent study, business flight out of California has accelerated to an unprecedented level. In 2016, the year for which the most recent data is available, 1,800 businesses moved out or “disinvested” from California. This is the highest one-year total in the nine-year history of tracking by the study’s author.

The study was released by Spectrum Location Services, a firm specializing in advising businesses about the relative advantages or disadvantages of doing business in various locations. The firm’s principal, Joseph Vranich, is well-versed in California public policy. Not only has he tracked business flight out of the Golden State for nearly a decade, he was the co-author of the study of California’s High Speed Rail Project conducted in 2008, even before voters approved the bond measure. That study was prescient in predicting that the HSR project would meet virtually none of the promises made to voters.

 

[william the wie]

KY and WV are the Red states most likely to default. There are about six blue states that are not likely to default. CA is only about the tenth worst state in terms of high risk liabilities believe it or don't. So, there are 10 states likely to default prior to the 2020 election two red and eight blue.

 

[Wyatt earp]

KY and WV are the Red states most likely to default. There are about six blue states that are not likely to default. CA is only about the tenth worst state in terms of high risk liabilities believe it or don't. So, there are 10 states likely to default prior to the 2020 election two red and eight blue.

?


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[Manonthestreet]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

 

[william the wie]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

Add in the fire season disaster and CA could go into default this year.

 

[Pilot1]

Silicon Valley, and a few other industries like DEFENSE are keeping California alive.

 

[Crepitus]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

Add in the fire season disaster and CA could go into default this year.

California currently has a $9 billion surplus.
Redirect Notice

 

[Pilot1]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

Add in the fire season disaster and CA could go into default this year.

California currently has a $9 billion surplus.
Redirect Notice

Totally due to CREATIVE ACCOUNTING, and having things off balance sheet.

 

[Crepitus]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

Add in the fire season disaster and CA could go into default this year.

California currently has a $9 billion surplus.
Redirect Notice

Totally due to CREATIVE ACCOUNTING, and having things off balance sheet.

Riiiight.

Lol

 

[Mr Natural]

Silicon Valley, and a few other industries like DEFENSE are keeping California alive.

It’s also the largest agricultural state.

 

[danielpalos]

and predicted to grow due to new CA immigration law that contradicts FED law, so either way you are toast. Didnt list number of jobs involved but if it keeps up cant be good.
New study confirms business flight from California accelerating – Press Telegram
The evidence is more than anecdotal. According to a recent study, business flight out of California has accelerated to an unprecedented level. In 2016, the year for which the most recent data is available, 1,800 businesses moved out or “disinvested” from California. This is the highest one-year total in the nine-year history of tracking by the study’s author.

The study was released by Spectrum Location Services, a firm specializing in advising businesses about the relative advantages or disadvantages of doing business in various locations. The firm’s principal, Joseph Vranich, is well-versed in California public policy. Not only has he tracked business flight out of the Golden State for nearly a decade, he was the co-author of the study of California’s High Speed Rail Project conducted in 2008, even before voters approved the bond measure. That study was prescient in predicting that the HSR project would meet virtually none of the promises made to voters.

But despite all that tax negativity, it is California’s laughable legal environment that provides the prime incentive to get the heck out of Dodge.

I think we should be lowering costs by simplifying Government.

A paradigm for the left is that supply side economics should be supplying us with better Governance at lower cost, not right wing, trickle down.

 

[Manonthestreet]

Silicon Valley, and a few other industries like DEFENSE are keeping California alive.

It’s also the largest agricultural state.

and they are working hard to destroy that too.....

 

[Pilot1]

California was once one of the greatest states, and still has tremendous resources, but the one party rule of Democrats is destroying that.

 

[EvilCat Breath]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

Add in the fire season disaster and CA could go into default this year.

California currently has a $9 billion surplus.
Redirect Notice

Did you notice where it states that the surplus is forecast? This is the same story as every year. We have huge projected surpluses which get spent. Except there is never a real surplus. It's all creative accounting.

 

[there4eyeM]

California was once one of the greatest states, and still has tremendous resources, but the one party rule of Democrats is destroying that.

It really doesn't look worse than the two party dictatorship working out of D.C. and despoiling an otherwise prosperous nation.

 

[william the wie]

Another takeaway from the article, CA govt is getting sound advice, they simply choose to ignore it and you see the results.

Add in the fire season disaster and CA could go into default this year.

California currently has a $9 billion surplus.
Redirect Notice

Did you notice where it states that the surplus is forecast? This is the same story as every year. We have huge projected surpluses which get spent. Except there is never a real surplus. It's all creative accounting.

Worse than that, deferred maintenance is the source of the surplus and that tends to be what will bite you in the butt.

 

[Pilot1]

It really doesn't look worse than the two party dictatorship working out of D.C. and despoiling an otherwise prosperous nation.

No argument there. We are dealing with the ROYALTY of both parties. What did we do to the Royals before?

 

[there4eyeM]

Maybe we need an American Revolution Party.

 

[william the wie]

The wall will help a lot.

 

[HereWeGoAgain]

Silicon Valley, and a few other industries like DEFENSE are keeping California alive.

Barely....
Texas is becoming the new silicon valley.