Today’s Orange County Register editorializes on a brain drain [registration required]: the high cost of doing business in the Golden State has led corporate planners to locate elsewhere.
I wrote last week that liberals would like California to increase taxes to businesses. A good friend of mine chided me on my “anti-liberalism.” Actually, I believe that many of the programs that liberals love are good; rather, these programs should never be run by the government.
Government cannot and should not be the end-all for everyone. If liberals had their way, corporations would pay 20% state income taxes (or more) to fund their programs. California’s liberals need to learn basic economics. If you increase the price of a good through taxes, the demand goes down.