It’s Offical: CA Worst State for Business

Unless you own a U Haul franchise, forget about starting a business in California, per the OC Register:

Among the negative factors for business in California mentioned by the magazine:

Among the highest state income and sales taxes in the nation

Unemployment statewide of 12.6%, one of the highest in the nation

State politics seem consumed with how to divide a shrinking pie rather than how to expand it

Union density is increasing, contrary to national trend, from 16.1% of workers in 1998 to 17.8% in 2002

Unfunded pension and health care liabilities for state workers top $500 billion and the annual pension contribution has climbed from $320 million to $7.3 billion in less than a decade.

Some CEO comments about doing business in the Golden State:

“Texas is pro-business with reasonable regulations while California is anti-business with anti-business regulations.”

“California is terrible. Even when we’ve paid their high taxes in full, they still treat every conversation as adversarial. It’s the most difficult state in the nation. We have actually walked away from business rather than deal with the government in Sacramento.”

“The leadership of California has done everything in its power to kill manufacturing jobs in this state. If we could grow our crops in Reno, we’d move our plants tomorrow.”

The inevitable result of liberals running things for a few years.