[quote=EconProf]Toyota has weighed the pros and cons of CA vs. Texas, and decided to leave. They undoubtedly based their decision on the vastly different costs of living in the two states, the taxes, utility costs, regulations, and “business friendly” comparison, and work ethic of the two different populations. Most of all, they have to be future-oriented, so they looked at the political trends of the two states and decided CA was getting worse in all of the above categories relative to Texas. We voters picked our government, now we are living with the results.[/quote]
Me thinks you give the Execs too much credit for due diligance. While agree with the above, way too times have I seen top execs make major decisions like moving, closing a plant etc, based a personal issue and then set the team about justifying it.
Toyota’s factories are there. For execs with ‘residence’ there, they’ll be out of Cali’s 10.3% tax rate, etc. Where else would they have gone?
IMO, the political grease and incentives to build stadiums, move plants etc, is a leading source of corruption in our government.
