Economy

California Killing Jobs At Record Rate

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THIS IS HOW THE REPUBLIC WAS DESIGNED TO FUNCTION.  WE WERE SUPPOSED TO BE A COLLECTION OF STATES, EACH WITH ITS OWN LAWS AND GOVERNMENTS, ONLY TEAMING UP WHEN NEEDED FOR A COMMON DEFENSE.  CALIFORNIA WILL SOON COLLAPSE UNDER IT’S OWN WEIGHT … AND STUPIDITY

CT| Food and drink giant Nestle is about to take a “Nestea plunge” of a different sort — namely, moving its operations from liberal California all the way to business-friendly Virginia.

According to an op-ed in Investors Business Daily, Nestle USA will be moving its headquarters from the Los Angeles suburb of Glendale to Rosslyn, a Virginia city just outside Washington, D.C. It will be taking 1,200 jobs with it.

IBD writer Terry Jones pointed out that “(a)s many companies have found, California is an awful place to do business.”

“The $26-billion-a-year food conglomerate is discreet, of course, about its reasons, citing a desire to be closer to its core customers and other bland corporate pabulum,” Jones wrote. “But the fact is, Nestle and its corporate brethren in California that actually make things are overtaxed and overregulated, and elected officials treat them not as honored members of the community but as rapacious pirates.”

Jones also pointed out that California had already lost some Nestle jobs when the company moved the production of its “Hot Pockets” brand from California to Kentucky after it couldn’t get the permits the company needed to expand.

It wasn’t just the taxes and regulations, though. Jones pointed out that “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. Not that it employed slave labor, it just didn’t document it online,” Jones wrote. “The other involves Nestle’s selling of California mountain water under the Arrowhead brand, a decades-old business that has suddenly become environmentally incorrect.”

Nestle isn’t the only big company to have left California. Toyota and Occidental Petroleum have both picked up stakes and moved to Texas. In fact, the Phoenix Business Journal reported that $68 billion in capital had left the state in 1,500 “disinvestment actions.” READ MORE



IT WILL NOT BE LONG NOW BEFORE MORE CORPORATIONS FOLLOW SUIT AND CALIFORNIA IS FORCED INTO BANKRUPTCY.  IT WILL BE MORE THAN INTERESTING TO SEE HOW PRESIDENT TRUMP HANDLES THAT SITUATION WHEN THE TIME COMES …

About Myron Cohen

3 Comments

  1. Max

    May 26, 2017 at 7:56 pm

    as long as the corporations dont leave the US, there is not a problem with them just moving to another state that dont have wacky laws that wacky Californians try to bring stupid frivilous lawsuits against them….only in California…..MY BRO “JER” DIDNT DO ENOUGH DAMAGE THE FIRST TIME SO THE WACKO’S HAD TO ELECT HIM AGAIN. HE WILL BANKRUPT THE STATE THIS TIME IF THEY DONT GET HIM OUT OF THERE!! we will see how the people will vote next year….see if they have pulled their head out of their ass or just sticking it deeper. this governor is dangerous for the state….he runs the president down and then has to beg a couple of days later needing money for emergency….naaaa, you have such independent ideas that you dont need the money of the taxpayers….all you need is to let the illegals support the state with all the money they bring in!!! LOL wow, funny to say that!!!

  2. John Mills

    May 27, 2017 at 8:03 am

    I left California 2 years ago to open a computer company in Virginia. As said in the article California is business UN-friendly and there’s not the slightest bit of encouragement to start a new business there. I was welcomed with open arms here in Virginia where they truly appreciate business, risk taking and entrepreneurship. Matter of fact we are celebrating our 1 year in business anniversary this weekend.

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