|
What people will realize is its not just the adult business that gets its balls busted by the crazy large government in CA. It's widespread.
You have a lot of people working for the state that have no real productive work to do. There's agency after agency, and they need to manufacture work. So they bust the balls of private business in industries all over CA and justify their paycheck and eventual generous pension.
Today, the avg small business spends something like $30k a year in regulatory fees (thats not a CA #, but a US#). It's an astonishing #. Since Obama took office, he's proposed over 400 new taxes. The employer mandate for Obamacare kicks in next year, that should be interesting.... Some people are asking how the stock market can be so hot, but job growth lackluster, and GDP growth positive, but somewhat weak. Even his supporters are starting to realize the likely culprit is over-regulation.
The long and short of it is... companies are flocking to business-friendly states and tax-friendly jurisdictions. And the states with really high taxes aren't acknowledging the real cost: how many new businesses or existing business will cross those states off the list in the future because the burden is so high. You never see that mentioned in any articles.
I remember article after article on prop 30 last year. "Study after study has shown people don't move over taxes." -- uh huuuh.. Says the state who just hiked the highest personal income tax rate to 13.3%. The city that has a 9% local sales tax rate. They tried to raise it to 9.5% last year to enlarge the police force (it got voted down), and this year there's another ballot to raise it to 9.5% to fix the roads. Every year, taxes go up. 13.3% will turn into 15% in no time. 9% sales tax will turn into 9.5% will turn into 10%, etc. The trend is clear... things will get worst. Technically if you own a business in CA, the CA gov't is your 10% partner, you just dont realize it until you sell it.
|