Buh Bye!

1,800 companies left Taxifornia last year.  More than 300 of those companies found a new home in Texas.

And more than 13,000 corporations bailed since 2013.  Taking with them more than 275,000 well-paying jobs.*

Firms like Toyota, and Oxidental Petroleum.  And Kubota Tractor Corporation.  And Tesla.  And SpaceX.  Plus Charles Schwab.  And even Jamba Juice.  All left within the past 3 years.

They left because California is ranked last out of our 50 states in terms of its overall business climate.  Hostility to business, plus high utility and labor costs, coupled with punitive laws and regulations, and worrisome housing affordability, means living and working in CA is no longer doable.  California is plagued by the highest state taxes, and sales taxes, and gasoline and energy costs, making new business formation and operation nearly impossible.

That's why more than 500,000 citizens leave California every year, among the highest outmigration in the Nation.

Just recently Sprekles Sugar Cooperative in Brawley closed, taking with it more than 700 jobs.  There will be no more sugar beet processing in California for the first time in more than 78 years.  

Blue Diamond Growers of Sacramento is closing, taking 600 jobs with it.  Growing almonds is no longer profitable here.  The Foster Farms turkey processing plant in Turlock also closed, saying goodbye to 500 jobs.

Hearthside Foods of Anaheim is closing as well, meaning the end for 175 jobs.

The Gallo Wine processing facility in San Miguel is closing, taking 47 jobs along with it.  When you can't make money making wine, something is seriously wrong!

And I'm sure you've heard that In 'n Out is moving its HQ from Baldwin Park, the city of its birth, to Nashville.  Almost as far as it can get from Taxifornia.  It says CA is no longer compatible with profitable business operations.  

And if that wasn't enough, Marcus Lemonis, famed entrepreneur, just brought Bed, Bath and Beyond back to life.  California killed it once, and he's breathing new life into it.  He called a press conference to announce he will open no stores in California.  He excoriated our BoyGuv Newsom for making our largest State incompatible with profitable business operation.

Maybe having 47 of our 52 counties owned and controlled by Democrats, plus a supermajority in both houses of our Legislature also controlled by them, has everything to do with it.  

When your income tax rate is the highest in the Nation, and you sit on the board or in the CEO's office, you run like a bandit for one of the no-tax states.  Like Texas, or Florida, or Oklahoma, or Tennessee.  These states feature no corporate tax or sales tax.  Leaving them with the money it takes to grow.  And profit.   

What a concept!

Is there a solution for this problem?  Yes.  U-Haul.  

*   Dallas Business Journal, 2025.