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Since the gold rush, California has been the go-to state for start-up companies. In recent years the Golden State has been losing the competition with neighboring states. More than 500 businesses have left California since 2005. Among these businesses were Fortune 500 companies and the economic impact from these departing companies is likely to be severe.
California’s tax laws and prohibitive regulations are the leading causes of the massive corporate exodus. The business-friendly conditions, opportunities to save costs, and home-ownership options for employees in other states are a few reasons companies have decided to leave California. These factors led to the first three-year decline in population in Californias history. In today’s video we ask, what went wrong with California?
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You missed the reason why silicon valley succeeded. They have a law such that anticompetition employment contracts are void. People can move between tech firms rapidly without penalty and take their knowledge with them.
Don't vote democrat
I love how we rank as one of the happiest states, with SF ranking as one of the happiest cities. And you go outside and everyone is happy, yet the internet will try to convince you that we’re miserable.
We are doing just fine here, guys. Some of the highest QoL on the planet and the most influential culture in the world by miles. Our issues don’t affect you so just carry on and let us live in that perceived misery 😂
After listening to Mr. Boyle's critique of the state, I really want to live there! He makes it seem pretty attractive in comparison to lots of other places – except maybe for home prices…
California is doing better than any other state except that its success attracts hordes of fascist scum.
Democrats. Next question
You missed the #1 problem: A government opposed to law and order and business and massive lying and incompetence. There is still oil, but they won't let anyone get it. There is major source of the rare-earth elements used for batteries and the magnets in EV motors but they won't let anyone mine it. Over regulation and a governor who is brilliant at being responsible for nothing. Then there is super train to nowhere and the closed down nuclear power plants. And……
You have to wonder if FL and TX growth will lead to cost of living increase, which will lead to higher wages, which will lead to corporations moving once again to find cheaper labor. We’ll see.
MUFF DIVER
Should governments not spend every penny of income as it comes in? Perhaps some should be set aside for dry periods?
I get Florida, but why would the rich move to a dry desert like Texas?
There is a new death tax and an ADDITIONAL 65 cents per gallon of gas tax. I live in an HOA. We pay for our own streets and sidewalks!! Yet i still 6k per year in property taxes. We need to get the hell out of here before we retire.
That GDP number is skewed. 20% of the population lives below the poverty line.
The problem is the people in charge don't think there's anything wrong
Democrats went wrong. And the economy doesn't mean sh!t if 90% of us are in poverty. Let's not even get started on the burden illegal aliens put on our taxes and social security. This state is sh!tty and corrupt anyone saying otherwise is a bot or a commie shrill
Short answer : Democrats stranglehold on Sacramento
Gold, Railroads, oil, water, Hollywood, Redwood, cars, WW2, Pat Brown, Hubert Humphrey, LBJ, Ronnie, Earl Warren, usw.
You got abs ?
You are what happens when you let a nerd clean the blackboard.
Nobody born in India after 1947 has any business working anywhere else but India.
Oh bite me.
Put a sock in it and go work for a think tank.
California if it were a west african country would have the worlds 53 rd largest economy and more princesses than you can shake a stick at.
Nothing went wrong.
Get a life.
You can sum it up in one word: Newsom.
If you think toilets were expensive for the homeless, try to cost to build homeless apartments. The real problem is that democrats control California and have destroyed this beautiful state thru heavy regulation, taxes and their ridiculous pandering to the homeless, they will never solve the homeless problem,it’s too big of a business and too many people make money off of it. If they solved the problem the money would be cut off.newsoms buddies get lucrative building contracts , they donate millions to his campaign,it’s an endless cycle of grift that isn’t going to stop or no more money to these developers, charities and politicians.
As a native Californian, and a highly educated retired citizen, I am compelled to leave to a less restrictive and less taxed state. Middle class workers are severely squeezed by the millennialist dogma of our far left politicians. Their pie in the sky, Don Quijote goals have created an unlivable condition in a state blessed by a world class climate. Crime, homelessness, decaying infrastructure, massive illegal immigration (with attendant social welfare costs), excruciating taxes on consumption, energy, transportation, and housing, as well as a failure to maintain public lands and build reservoirs to store water for agriculture, result in sky high insurance rates, and a failing agricultural sector, make life miserable. Everyone I know wants out. The left have changed voting laws creating a one party state, run by democrats. It is horrible here.
Yes, the nuts. Welcome to la-la land.😂
Three issues alone have and will have destroyed California. Representatives, Senators and the Governor. In other words Democrats. If you leave California you must leave your voting habits behind or the virus will continue to spread ruining the rest of the country
It is important to follow these number.
CA economy is twice as big as the economy of Russia and Russia economy is smaller than Italy or South Korea.
Also – TX and NY have a bigger economy than Russia.
It's quite lovely here.
You're forgetting that if California was its own country, it would have been invaded and taken over long ago.
You have way too many commercials downvoted
communism. Don't be afraid to say it.
what went wrong in California when the Democrat party took it over
never ending spigot of npr centrist bullshit.