-By Warner Todd Huston
Savings.com has just given California the big kiss off. They are closing their doors, moving to another state, and taking their 100+ jobs with them. Savings.com isn’t the only California-based company that has pulled up roots and moved to another state, either.
So, what is going on? It’s all about California’s confiscatory taxes, the newest of which is the Affiliate-Nexus Tax bill — a tax that hits all Internet companies that have brink and mortar facilities of any kind, office or warehouse, in the state…
Read the rest at RightPundits.com.
Thomas Sowell in interview over Uncommon Knowledge said:”A house in Texas that cost 150 thousand, cost close a million in California, the difference is all due to excessive regulation (Obvious that it could be excessive taxes too)”. Low taxes and other incentives can create jobs, increase business and yes, increase tax revenue for local and federal government.