Buisness Fleeing California Over Anti-business Government

[ImWithStupid]

Ebay, Adobe, EA Games Leaving California For Utah Over Confiscatory Tax Rate

 

Posted by Guest Contributor on Tuesday, August 24, 2010, 4:15 PM -By Warner Todd Huston

 

Computer software giant Adobe, computer game monster EA Games, and Internet auction king ebay are abandoning California to set up shop in Utah. Why? California’s horrid business climate and high taxes.

 

Adobe Systems, maker of a suite of graphics programs such as Adobe PDF, Illustrator, Photoshop, and InDesign, have announced that they are building a $100 million facility in either Salt Lake City or in nearby Utah County, Utah. The facility will bring thousands of jobs to Utah over the next few decades.

 

In May the Internet auction company ebay also announced a major new facility to be built in Salt Lake City. The $287 million data center will also bring hundreds of new jobs to the Bee Hive State.

 

Not to be forgotten, games maker Electronic Arts opened its new facility in July in Salt Lake City where around 100 employees are already at work.

 

These companies fleeing California’s horrid business climate are not alone. There has been a steady flow of businesses out of California for the better part of a decade. As California’s political morass worsens, as its budget woes increase, and as her politicians are proven incapable of making the hard budgetary decisions to take power from unions and chop unnecessarily lavish social programs, the state’s jobs are bleeding out. California is an a freefall the end of which is still unseen.

 

Here is a partial list of the large and medium-sized companies that have either moved parts of their business or have left the “land of milk and honey” for brighter prospects altogether:

 

 

Abraxis Health, Adobr Systems, Inc. Alza Corp., American AVK American Racing, Apple Computer Audix Corporation, Apria Healthcare Group Assurant Inc., Barefoot Motors Bazz Houston Co., Beckman Coulter Bild Industries Inc., Bill Miller Engineering, Ltd. BMC Select , BPI Labs Buck Knives, CalPortland Cement California Casualty Group, CalStar Products Inc. Checks To-Go, Chivaroli & Associates CoreSite, A Carlyle Company Creel Printing , Dassault Falcon DaVita Inc. , Denny’s Corp. Digital Domain, Ditech DuPont Fabros Technology ebay, Inc., EDMO Distributors, Inc. Edwards Lifesciences, Electronic Arts, Inc. EMRISE Corp., Facebook FallLine Corporation, Fidelity National Financial First American Corp., Fluor Corp. Foxconn Electronics, Fuel System Solutions Gregg Industries, Hewlett-Packard Hilton Hotels Corp., Hino Motor Manufacturing USA Intel Corporation, Intuit of Mountain View J.C. Penney , Kimmie Candy Co. Klaussner Home Furnishings, Knight Protective Industries Kulicke & Soffa Industries Inc., LCF Enterprises Lennox Hearth Products Inc., Lyn-Tron, Inc. Mariah Power, Maxwell America Miasolé, MotorVac Technologies Nissan North America, Northrop Grumman One2Believe, Patmont Motor Werks, Inc. Paragon Relocation Resources Pixel Magic, Plastic Model Engineering, Inc. Precor, Premier Inc., Pro Cal of South Gate Race Track Chaplaincy of Amer., Red Truck Fire & Safety Co. SAIC, Scale Computing Schott Solar Inc., SimpleTech Smiley Industries, Solaicx SolarWorld, Special Devices Inc. StarKist , Stasis Engineering Stata Corp., Tapmatic Teledesic, Telmar Network Technology Inc. Terremark, Terumo Cardiovascular Systems Toyota, True Games Interactive Inc. TTM Technologies, Understand.com US Press shifted, USAA Insurance Yahoo And many more

 

 

Details on these moves can be seen HERE.

 

It should be noted that Utah is a right-to-work state.

 

 

http://gatewaypundit...atory-tax-rate/

[ImWithStupid]

August 24, 2010 10:59 AM PDT

 

Intel CEO: U.S. faces looming tech decline

 

by Declan McCullagh

 

Intel chief executive Paul Otellini offered a depressing set of observations about the economy and the Obama administration Monday evening, coupled with a dark commentary on the future of the technology industry if nothing changes.

 

Otellini's remarks during dinner at the Technology Policy Institute's Aspen Forum here amounted to a warning to the administration officials and assorted Capitol Hill aides in the audience: Unless government policies are altered, he predicted, "the next big thing will not be invented here. Jobs will not be created here."

 

The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."

 

Not long ago, Otellini said, "our research centers were without peer. No country was more attractive for start-up capital... We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case."

 

The phenomenon of technology executives advancing dismal predictions and offering pointed critiques of Washington politicking isn't new, of course.

 

For instance: In 2005, midway through the Bush administration, Microsoft's Bill Gates told a Washington audience that curbs on immigration and guest workers would provide a boost to research institutions in China and India. A year earlier, then-Intel CEO Craig Barrett warned that the U.S. must dramatically improve its education system.

 

That never happened. Nor did politicians follow Gates' advice to rethink laws that led to foreign engineers being kicked out of the country as soon as they finish their degrees.

 

And now, six years later with no significant reforms, it should come as no surprise that the predictions have become more dire.

 

Deep in a 'Do' loop

Otellini singled out the political state of affairs in Democrat-dominated Washington, saying: "I think this group does not understand what it takes to create jobs. And I think they're flummoxed by their experiment in Keynesian economics not working."

 

Since an unusually sharp downturn accelerated in late 2008, the Obama administration and its allies in the U.S. Congress have enacted trillions in deficit spending they say will create an economic stimulus -- but have not extended the Bush tax cuts and have pushed to levy extensive new health care and carbon regulations on businesses.

 

"They're in a 'Do' loop right now trying to figure out what the answer is," Otellini said.

 

As a result, he said, "every business in America has a list of more variables than I've ever seen in my career." If variables like capital gains taxes and the R&D tax credit are resolved correctly, jobs will stay here, but if politicians make decisions "the wrong way, people will not invest in the United States. They'll invest elsewhere."

 

Take factories. "I can tell you definitively that it costs $1 billion more per factory for me to build, equip, and operate a semiconductor manufacturing facility in the United States," Otellini said.

 

The rub: Ninety percent of that additional cost of a $4 billion factory is not labor but the cost to comply with taxes and regulations that other nations don't impose. (Cypress Semiconductor CEO T.J. Rodgers elaborated on this in an interview with CNET, saying the problem is not higher U.S. wages but anti-business laws: "The killer factor in California for a manufacturer to create, say, a thousand blue-collar jobs is a hostile government that doesn't want you there and demonstrates it in thousands of ways.")

 

"If our tax rate approached that of the rest of the world, corporations would have an incentive to invest here," Otellini said. But instead, it's the second highest in the industrialized world, making the United States a less attractive place to invest--and create jobs--than places in Europe and Asia that are "clamoring" for Intel's business.

 

The comments from Intel's chief executive echoed statements made a day earlier by Carly Fiorina, the former HP CEO turned Republican Senate candidate.

 

America's skilled-worker visa system is so badly broken and anti-immigration that "we have to start from scratch," Fiorina said, adding that too many government policies push jobs overseas instead of making U.S. companies competitive against international rivals.

 

"Our corporate tax rates are the second highest in the world," and Congress has repeatedly failed to make an R&D tax credit permanent, Fiorina told the Aspen audience. It's time to start "acknowledging the reality that companies go where they're welcome," she said. (The effective U.S. corporate income tax is 35 percent, far over the industrialized-nation average of 18.2 percent.)

 

Chris Marangi, associate portfolio manager at Gamco Investors in Rye, N.Y., said Tuesday: "Capital is agnostic. It doesn't have a religion. It doesn't have a philosophy. It goes where it finds the highest returns." The problem, Marangi said, is that many other "countries have a more friendly regulatory regime than we do."

 

 

http://news.cnet.com...0014563-38.html

[phreakwars]

Oh no!! I feel real bad that the corporate giants who crush smaller entrepreneurs dreams by taking over the markets and ship jobs overseas because Republicans and their bullshit "FREE MARKET", let them get away with it, are losing money. I know I'll toss and turn and night knowing it just means someone else will now have a chance to develop software and technology and we won't be forced to use products from corporations.

 

Man, whatever will we do???

.

.

[timesjoke]

The problem Bender is other people are not taking their place and while the unfriendly environment is pushing jobs away, they also lose tax revinue while at the same time of that loss must now pay out money to support those who used to have jobs but now do not.

 

Almost all of the industry America used to have but departed did so because of oppressive regulation and the fee had given to Unions to destroy the companies from within. If it was your billions of dollars you would not just throw it away either Bender.

 

 

I remember a guy who owned a tape company. The employees were talking about bringing in a Union and forcing the owner to pay them more money and benefits. The owner never really spoke about it other than one time he told them he thought it would be a bad idea. The day after the employees voted in their Union and sent him their demands for more pay and benefits he came into work early and put a sign on the gate explaining the plant was now closed.

 

 

His point was clear, this was his company, and he ran it and was not going to be held hostage by employees who had not spent one thin dime to build it into what is was, he would rather retire with the knowledge he was a success instead of watch his company slowly die because higher costs would edge him out of being able to compete against other companies who did not have the massive overhead the Unions forced on him.

[ImWithStupid]

Obama’s Industry Killing Policies Spark Protest By Fisherman Off Martha’s Vineyard Coast Posted by Lady Liberty on Thursday, August 26, 2010, 7:44 PM . Photo by AP A fishing vessel, which is part of a flotilla of commercial and fishing industry boats, displays banners in Vineyard Haven Harbor, in Vineyard Haven, Mass., near the coast of the island of Martha’s Vineyard today. Video of the protest is here.

 

O’Ryan Johnson at The Boston Herald - reported:

 

ABOARD THE FISHING TRAWLER BULLDOG – Around noon, at least 20 fishing vessels began circling Vineyard Haven’s harbor, blasting their air horns and displaying banners to protest President Obama’s restrictions on commercial fishing that they say threaten their livelihood.

 

Two U.S. Coast Guard Zodiac boats intercepted the flotilla of protesters minutes out from the president’s vacation paradise, but were keeping their distance and have so far made no attempt to stop the fishermen either physically or by radio.

 

But there was no sign along the sunsplashed holiday coast – other than the contingent of Coasties – that the president or the federal government had taken any notice of the protest. On a handful of pleasure boats out on a sunny day, however, civilian boaters gave the thumbs-up sign, waved and blew their air horns. The White House referred comment to the National Oceanic and Atmospheric Administration, which oversees the fisheries, where a spokesperson could not be immediately reached.

 

“We’re hoping we let him know we’re in dire straits,” said Richard Canastra, co-owner of the Boston and New Bedford Seafood Display and Auction. “We’re hoping his administration is bringing this to his attention. The whole thing comes down to jobs, jobs, jobs.”

 

The protesters were armed with huge signs and flags expressing their outrage over the Obama administration’s fishing regulations.

 

One sign read:

“Fishing families are working families.”

 

Other fishermen were waving “Don’t tread on me” flags

, the Revolutionary War banner that has been adopted by the anti-tax, anti-big government Tea Party movement.

 

But there were indications the fishermen were having trouble getting their message across. On shore, the protest drew small pockets of gawkers who wondered out loud what the hubbub was about.

 

“We’re steaming to Martha’s Vineyard to attempt to raise some awareness with the president while he’s 25 miles south of the most profitable port in the country to raise concerns about the fact that everyone is angry with (setting fishing limits),” Robert Vanasse, executive director of Saving Seafood, said as the flotilla got underway from New Bedford.

 

Having successfully shut down an estimated 23,000 American oil drilling jobs off the Gulf Coast, citing possible environmental concerns, the Obama administration is now moving on New England fishermen.

 

As explained by Ed Morrissey at HotAir the move by Obama appointee Jane Lubchenco, the head of the National Oceanic and Atmospheric Administration, is designed to replace private fishing with new government-regulated operations:

 

“They want to close the fisheries into ‘commodities markets’ where the government essentially licenses fishermen and then allocates the catch based on a predetermined distribution plan. The ‘commodities markets’ will kill many fishing-based jobs and essentially turn fishermen into government employees, and they’re not happy about it.”

 

Lubchenco, a former official with the Environmental Defense Fund, has said that her policy goal is to eliminate “a significant fraction of the vessels.”

 

As pointed out by Mike Johnson at American Thinker -

 

New regulations were imposed on May 1, 2010: miniscule allocations, big-brother reporting, electronic tracking, government observers on nearly every other trip. Of course, to implement this, the bureaucracy has expanded — exploded — with lots of public-sector jobs. The trouble with public-sector jobs is that they do not create wealth. On the contrary, they are paid for by the taxpayer and represent a drain on available capitol.

 

The fishing industry is now being managed and controlled, to the point of restructuring, by the federal government. Isn’t that the very

definition of socialism

? How did the government, the executive branch, get such power? [...] Obama’s approach to the jobs issue is to fund more

public-sector jobs

. This is of little help, as public sector jobs do not generate new wealth, new growth. Obama and his people do not appreciate this. “Community organizer” is not a wealth-creating job. Most members of the administration have never spent a day in a wealth-creating job. Obama’s approach to the difficulties of the fishing industry is pure Obama. Take advantage of the half-law passed by the lazy Congress and use regulations to put the government firmly in control. Socialize the industry. Never mind that socialism generally fails while capitalism generally succeeds — not because of the book-smart economics, but because of the effect on the psyche. People have a sense of self-worth under capitalism that is not provided by socialism.

As this illustrates yet again, Obama is a jobs destroyer not a jobs creator. And Recovery Summer is a joke! Hat Tip Jules Crittendon