Friday, February 3, 2017

Another Big Company Departs California — Will Last One To Leave Shut The Lights?

GET OUT!!!!!   GET OUT!!!! NOW!!!

Investors Business Daily:
You may wonder, why did Nestle go?

Well, apart from having higher taxes, absurd housing costs and more regulations than nearly any other state, California's wacky laws have turned the Golden State into a venue of choice for activist groups to file costly class action lawsuits — or to launch anti-corporate PR campaigns against big, wealthy targets like Nestle.

In recent years, Nestle has faced two such activist-led actions, both spurious: One involves allegations that Nestle improperly documented its anti-slave-labor policies. The other involves Nestle's selling of California mountain water under the Arrowhead brand, a decades-old business that has suddenly become environmentally incorrect.

Such corporate harassment is now routine in a state whose top officials — virtually all of them far-left progressive Democrats — actively despise capitalism.

Until just two years ago, Nestle made its signature "Hot Pockets" brand turnovers in another L.A. suburb, Chatsworth. But it closed that business because it couldn't expand. So it moved the operations and hundreds of jobs to Kentucky. If Los Angeles objected, we're not aware of it.

But Nestle is only the latest to understand that California has rolled up the welcome mat for job-creating businesses that actually make things. In recent years, Toyota shifted its U.S. headquarters and thousands of jobs from Torrance, Calif. — another L.A. suburb — to Dallas, while global oil giant Occidental Petroleum moved its corporate HQ from Los Angeles to Houston.

Sadly, such tales are common. But because many of the companies are much smaller than Nestle, Toyota or OxyPete, they don't attract as much notice.



No comments:

Post a Comment