California’s Dreaming (Snowballs Always Roll Downhill)
When governments raise taxes and/or increase regulations, businesses leave. When businesses leave, governments raise taxes and/or increase regulations even more. When governments raise… Snowballs always roll downhill.
In early May, we like to visit California. It is spectacular, beautiful, and special. Our hero Ronald Reagan once said that “If the pilgrims had landed in California, we would have never found the rest of the country.” He was right. Today, he would be wrong.
Pilgrims were productive settlers, and today successful and productive citizens are fleeing en masse from California. It is a shame.
First stop on our trip is Oakland. Floyd has a meeting with an innovative medical specialty firm trying to start in California. The owner of the firm has started many companies, all in California. Early on the agenda for discussion was talk of moving out of the Golden State to another less regulated, business friendly state. westernjournalism.com.