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California is known as a haven for liberal policies, being a very anti-business, anti-capitalist place. This week, conglomerate Nestle, will be moving its headquarters from Glendale, California to Rosslyn, Virginia.
As the company moved thousands of jobs away from Californians, this will no doubt affect their local economy. While Nestle cites other reasons on their website, it is no secret that California over-taxes and over-regulates, making it difficult for many businesses to stay there.
According to investors.com, Virginia pulled out many stops for Nestle to bring its business over there, including $16 million in tax incentives. While Glendale officials said the move was “no big deal,” claiming they had other companies that want to do business there.
originally posted by: Grimpachi
a reply to: xuenchen
They have ben talking about leaving for several YEARS and it is because of their need for large quantities of WATER.
Freaking fake news and alternate facts you guys come up with!!!
We recently came across some simple charts from the Tax Foundation that simply and effectively illustrate why businesses are fleeing states like California by the 1,000s.
In the first chart, the Tax Foundation presents data from The Bureau of Economic Analysis to compare purchasing power of $100 depending which state you live in. Ironically, the map turned out to look eerily similar to recent electoral college maps of Presidential elections with the Democrat-leaning northeast and west coast areas getting less bang for their buck compared to the southeast and mid-west. Could it be that rather than voting their desires to cling to "guns and religion," to quote President Obama, that Americans in the southeast and mid-west are actually voting to preserve a higher standard of life that doesn't require them to spend $2mm on an 800 square foot apartment?
originally posted by: BlueJacket
a reply to: xuenchen
Well I have much ill will towards Nestle, not as much as I have for California politics...so its a mixed bag for me.
And im planning on buying land in ol Virginia in a couple years...hope they dont mess property values up.
What Drought ?
originally posted by: Cobaltic1978
Wasn't it the CEO of Nestle who said that we don't have a human right to the access of water?
originally posted by: Cobaltic1978
Or is it because all the water is running out and they can't make enough profit from the region?
Wasn't it the CEO of Nestle who said that we don't have a human right to the access of water?
originally posted by: whyamIhere
What Drought ?
Or, is it because they got caught getting their bottle water,
From a well under the employee's Parking Lot ?
Bye...
originally posted by: Grimpachi
a reply to: whyamIhere
What Drought ?
The one that has happened the past couple of years and is still ongoing.
U.S. Drought Monitor