The California Exodus Accelerates
9th March 2016
There’s lots of data, especially the comparison of rental rates for moving trucks into and out of California, to show the steady exodus of prosperous Californians and their businesses. The truck rental companies will almost give you a one-way truck to move from Texas to California, but charge a lot for a one-way truck from California elsewhere, which tells a lot.
A few years ago I was at a panel of business executives who bemoaned California’s high taxes and unfriendly regulatory environment, but who said their headquarters and major operations would stay put for the time being because they had long-term leases on building facilities, and as such it would cost more to move now than they’d save on lower costs elsewhere. But when those leases ran out. . .