January 23, 2012

Greenhut on California

One does not have to be a "declinist" per se to see that California needs to make itself more business-friendly.

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"The state's persistent double-digit unemployment rate is not just the result of a housing bust, but of a toxic business climate that regulates the heck out of everyone and everything. It's a result of a tax climate that sends people to other, less-attractive states, such as Texas. Those who point to Texas generally don't do so out of a particular love of that place, but because it is the nation's other megastate, and its officials take a more business-friendly approach, which has created a more dynamic and growing economy."

Source: Greenhut, Steven. "Denying California's plight won't ease it," OC Register. 1/21/12.

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