California says goodbye to 5000 Toyota jobs

[Sly]

Texas thanks you.

http://www.businessinsider.com/toyot...o-texas-2014-4

[sperbonzo]

Wait a minute....


so you are saying that when a government raises costs on companies, through taxation and massive regulation, that those companies then move to somewhere that is less costly to do business????


That can't possibly be correct.

Now there was a time when I had my offices in a building that changed ownership, and the new owners decided to raise the rent by 30%. I then just moved to another building that lowered my cost of doing business. In talking to my former office neighbors, apparently the building ended up half empty, and was later sold again.

Obviously though, this doesn't apply to things like taxes and regulation costs. That just wouldn't make sense!




.

[MrTrollkien]

Hmm...why would a company ever want to leave such a "pro business" state such as California

[BlackCrayon]

at least they're staying the US, for now.

[Dvae]

Its no surprise, Liberals and Unions are both job killers.

[baddog]

Thank you Moonbeam and all you idiots that voted for him

[Deej]

Thank you Moonbeam and all you idiots that voted for him

Moonbeam

[mineistaken]

Thank you Moonbeam and all you idiots that voted for him

Its no surprise, Liberals and Unions are both job killers.

Evil corporations as losers/liberals/democrats says

[Grapesoda]

Hmm...why would a company ever want to leave such a "pro business" state such as California

[romeo22]

Heavy time.Its so bad to lost a job these days.

[Vendzilla]

Cost of doing business in California is way out of hand. But the politicians only care about being re elected. We are a welfare state that has the economy that's like the 6th biggest in the world compared to countries! And these liberal politicians are fucking it up. Governor Moonbean is one of them, he's the reason the unions are getting such high retirements for state employee's. Governor Reagan was the last good governor we had.

[VikingMan]

What is shocking is that Toyota had 5000 jobs in the stay of Commiefornia to begin with. The CEO of Intel took all employees out of California and vowed they would never have any business in that state ever again.

[dillonaire]

Its no surprise, Liberals and Unions are both job killers.

Unions were the death of middle class in the US. The main reason the US has lost most of its manufacturing jobs.

[BlackCrayon]

Unions were the death of middle class in the US. The main reason the US has lost most of its manufacturing jobs.

do you really think it wouldn't of happened anyways? i guess maybe if employees were willing to take a huge pay cut and get rid of any benefits.

[dillonaire]

do you really think it wouldn't of happened anyways? i guess maybe if employees were willing to take a huge pay cut and get rid of any benefits.

I guess we would of lost some of the jobs no matter what, but we would of kept more if people were not demanding $25+ an hour to punch a hole in a piece of metal or some other mindless manufacturing work. Meanwhile Burger King employees which requires more thinking and more work are making less than $10 an hour.

[SilentKnight]

Unions were the death of middle class in the US and Canada. The main reason the US and Canada has lost most of its manufacturing jobs.

Fixed it for you.

[DBS.US]

I guess we would of lost some of the jobs no matter what, but we would of kept more if people were not demanding $25+ an hour to punch a hole in a piece of metal or some other mindless manufacturing work. Meanwhile Burger King employees which requires more thinking and more work are making less than $10 an hour.

Union workers buy more porn then Burger King burger flippers

[Due]

Union workers buy more porn then Burger King burger flippers

Not when they are unemployed.

[Biggy]

What people will realize is its not just the adult business that gets its balls busted by the crazy large government in CA. It's widespread.

You have a lot of people working for the state that have no real productive work to do. There's agency after agency, and they need to manufacture work. So they bust the balls of private business in industries all over CA and justify their paycheck and eventual generous pension.

Today, the avg small business spends something like $30k a year in regulatory fees (thats not a CA #, but a US#). It's an astonishing #. Since Obama took office, he's proposed over 400 new taxes. The employer mandate for Obamacare kicks in next year, that should be interesting.... Some people are asking how the stock market can be so hot, but job growth lackluster, and GDP growth positive, but somewhat weak. Even his supporters are starting to realize the likely culprit is over-regulation.

The long and short of it is... companies are flocking to business-friendly states and tax-friendly jurisdictions. And the states with really high taxes aren't acknowledging the real cost: how many new businesses or existing business will cross those states off the list in the future because the burden is so high. You never see that mentioned in any articles.

I remember article after article on prop 30 last year. "Study after study has shown people don't move over taxes." -- uh huuuh.. Says the state who just hiked the highest personal income tax rate to 13.3%. The city that has a 9% local sales tax rate. They tried to raise it to 9.5% last year to enlarge the police force (it got voted down), and this year there's another ballot to raise it to 9.5% to fix the roads. Every year, taxes go up. 13.3% will turn into 15% in no time. 9% sales tax will turn into 9.5% will turn into 10%, etc. The trend is clear... things will get worst. Technically if you own a business in CA, the CA gov't is your 10% partner, you just dont realize it until you sell it.