Thursday, January 12, 2012

John Galt has left California

My employer, Jukt Micronics, recently opened a west coast warehouse to serve our customers in that region. 
 
Where did we go - L.A.?  Long Beach?  San Diego?  San Fran? 
Nope. 
We opened our west coast warehouse in Phoenix, Arizona.  That's a long way from the coast, where the shipping containers come in, but it's worth the drive.   

No one in his right mind will open anything in California.  The place is a regulatory hell.  The taxes are ridiculous. 


Here's something from Bloomberg News:
California (STOCA1) Governor Jerry Brown’s plan to balance the state budget in part with higher taxes on the wealthy depends on a group of top earners that shrank by one-third from 2007 to 2009.


Tax returns with adjusted gross incomes topping $500,000 fell to 98,610 in 2009, the latest year available, from a recent peak of 146,221 two years earlier, according to data from the Franchise Tax Board, the state agency that collects income and corporate taxes.
Once again, here's the good part:
California (STOCA1) Governor Jerry Brown’s plan to balance the state budget in part with higher taxes on the wealthy depends on a group of top earners that shrank by one-third from 2007 to 2009.

It's called Going Galt.  May the trend continue until Jerry Brown changes his ways. 


6 comments:

Stephen M. Smith said...

Secede!

Nick Rowe said...
This comment has been removed by the author.
The Whited Sepulchre said...

Nick,
We have enough colonies as it is.

Daniel said...

Count me in! How long will the producers wait to claim their fruit?

Nick Rowe said...
This comment has been removed by the author.
ΛΕΟΝΙΔΑΣ said...

As a Kalifornia native and refugee, I'm with Nick