Posted on by Californiacontrarian

Why Stay ?

What do the following companies have in common?

Charles Schwab, 

Jacobs, 

McKesson Corp., 

CBRE Group, 

Core-Mark International, 

Oracle, 

Tesla, 

Hewlett-Packard.

If you guessed that they are all Fortune 500 companies, you would be half right, as they are Fortune 500 companies have relocated to Texas from California in the last six years.

From Blaze Media:

Add yet another … Celebrity chef Gordon Ramsay, known for TV shows such as “Hell’s Kitchen” and for operating high-class restaurants worthy of coveted Michelin stars, is moving his North American restaurant operations from Los Angeles to Las Colinas, a suburb in the Dallas-Ft. Worth area.

But why move to Dallas? Company CEO Norman Abdallah pointed to tax policies — and especially the financial benefits of operating from Texas — as encouraging the move.

The more obvious question to ask the multiple companies still in California … “Why stay?” Many companies have figured it out, and it’s only getting worse for California.

The Hoover Institute at Stanford University released a report in August finding that 74 companies had relocated out of California during the first six months of 2021. By comparison, only 62 companies moved their headquarters to California in all of 2020.

And what makes the situation even worse is that the nincompoops who are in charge in Sacramento are busy covering their eyes, and their ears, but not their mouths … recall Lorena Gonzales (D-SD) who tweeted “F**k Elon Musk” when Musk threatened to move Tesla to Texas.

12/28/21

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