John Galt has left California

Posted: January 16th, 2012 by Gadget42

from The Whited Sepulchre

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.

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