Texas Guv Rick Perry made a spectacle of himself trying to take businesses away from California, but as everyone with any sense predicted, his trip was a bust. Fact is, very few businessess anywhere make major relocation decisions because of taxes and regulations. But as Calitics points out (with a nice chart), the real reason people have left California of late is the cost of housing.Read more »
How many times have we heard that jobs are leaving California for Texas? How many times have big-business groups and the polticians who play to their needs said that lower taxes and corporate welfare make states more "competitive" and are good for the economy?
So look, for a moment, at California and Texas. Who has the lower taxes and the governor who will do whatever employers want? And who has the more robust job growth?Read more »
Is it really possible? Could California be on the path to repair the damage of Prop. 13? Would Jerry go along?
You wouldn't think so -- it's been talked about for so long and so little has happened. But it's an all new year in Sacramento, and the era of Republican dominancy-by-minority is over (in fact, the era when Republicans will have any role at all in state government is pretty much over), and already, some changes are in the works.
The latest Forbes 400 is out, the list of the richest Americans, and a record number (according to my annual record-keeping) now live in San Francisco. This is a city with 18 people on the top-billionaires list -- and since the list cuts off at $1.1 billion, there are a lot of really, really rich San Franciscans who didn't quite make it this year. Read more »