Monday, August 5, 2019

Corporate Migration

                                                                     

Surprise, Surprise! Seems that in the last year more than a hundred Wall Street firms have fled New York for the sunny tax free shores of Florida. Weary of supporting New York's Socialist Mayor, Deblasio, those footing the bill for increasingly generous benefits to the lame and lazy, have packed their desks and file cabinets and fled to Palm Beach.

I had read about this trend several months ago. As New York and high tax Connecticut lose corporations who have parked in those states for more than a hundred years, their California brethren are moving to Nevada, Texas and Arizona for relief from taxation and regulation. Don't know which corporate migrants are moving to Texas or Nevada but in just twelve short months Microsoft has been building plants and service centers in West Phoenix. Nike is going ahead in building a shoe factory, even without state incentives, and Intel is expanding their foot print in both the East and West Valley.

Just three years ago corporate surveys had Phoenix running in the middle of the pack as prime corporate locations. Then a few things happened. Companies started looking at a business friendly Arizona statehouse and lower energy costs. Then Phoenix began to be an oasis for average citizens as well when President Trump stopped the practice of the rest of America subsidizing California's high tax rates. Limiting deductions for state taxes and mortgage and interest deductions to $10,000 proved a slam dunk to those who were already considering leaving Mexifornia. Now the exodus has become a stampede.

Personally I would like those Californians to stay where they are. Having finally decided to shed their California "shitty diaper", they often come here and, before long, begin complaining that "that's not how we did it in California". Sadly those transplants have turned once dark red Arizona a light shade of purple. These new migrants never seem to understand that we have it good here because we DON'T do it like they do in California.

8 comments:

Carol said...

Watching our state slowly change has proven quite painful. When I moved from Chicago to Mesa in '82, I thought the valley was THEE best kept secret!!! Why the flocks don't see that the crud they left is because of those in charge is beyond me. Look at the Dem controlled cities across the map and they are dirty, dangerous and decreasing in population. You would think these people would WAKE UP! Just sitting here shaking my head, thinking about it............

Frank R. Krzesowiak said...

Democrats don't seem to understand(or won't) the word "assimilate". You should tell the Californians that move to your State, go back and fix YOUR State.It's easy to do. Get you Democratic head out of your ass and vote for people that care about Americans FIRST. Look what happened in Baltimore. After Trump tweets(not in favor of them, but once in a while...)300 Republicans got together and cleaned an alley up. THAT;S a start. Personally, I think the Dumbs are committing Political suicide. There IS a breaking point, and I hope to live long enough to see it.

Carol said...

Frank, my husband says that all the time: GO BACK AND FIX YOUR OWN STATE!! Wish we could get that message out and prevent the damage they're doing in the states they move to. It's extremely frustrating to see Arizona turning!

A Modest Scribler said...

Carol, I feel your pain. Here in Sun City we've always had some of the most conservative folks (and politicians who represent them) but I am now seeing letters of the editor from my little burg that proposes more liberal agendas. Sigh.

A Modest Scribler said...

Frank, I fear your state is hopelessly lost. California is now so overwhelmingly liberal, spawned by overly generous state benefits, I don't see it turning around. Re your thoughts that Dems are a dying party, you of course know that Dems say the same thing about Republicans. As in all politics let's hope the middle holds.

Frank R. Krzesowiak said...

I'm a little more optimistic than you Scribe. San Francisco was a beautiful City and everyone wanted to go there.Now in the words of that Famously tactful person, "It's a shithole". Businesses are losing BIG money and it's just a matter of time before they turn on the Idiots running the State. I'm sorry you and Carol have to endure the exodus from California. I would have thought you'd get the cream of the crop. People who don't follow that Dumbocrat philosophy. It makes no sense.Why would Democraps leave the "California Utopia"? I have a suggestion. Build a wall. :)

Carol said...

Yes, Frank, one would think it would be the 'cream of the crop'. Makes no sense as to why people thinking THAT way would be coming here...........scratching my head!

Frank R. Krzesowiak said...

I guess you could say you're getting the cream of the crap....