Wbt - World Of Business And Taxes

Episode 941 - California Has Become A Socialist Failue As Companies Leave

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Sinopsis

If you like what I do please buy me a coffee and support my work. Thank you! If you like what I do, please support me by buying me a coffee. Thanks! https://www.buymeacoffee.com/MichaelLodgeIf you like what I do, please support me by buying me a coffee. Thanks! https://www.buymeacoffee.com/MichaelLodgeThis past week Oracle, a very large employer in California, announced they are leaving California to Austin, Texas. Oracle, HP, Tesla all have moved to Texas, a very business friendly state. Now those of you who work for a big company, their boards of directors are meeting and asking the question - why are we still in California and should we move. Expect more announcements. The sad thing is that California does not care these companies, and the high paying jobs they employ, are leaving. California just doesn't care. By them leaving the tax revenues the state and local government use to have are gone, so Californians now have to pick up the costs by getting taxed higher by the state. Ask yourself, w