California was a place originally known for its opportunities, beauty,
wilderness, open roads, Gold Rush mentality, freedom, and innovation. Eureka,
the state’s motto, means "I have found it!"
But this place of dreams is now the land of wishful thinking: a
consummate nanny-state of over-regulation, command and control. From the profoundly and absurdly huge ideas
(saving the planet from climate change while China and India march to a
different tune) to the silly (mandating fitted sheets in hotel rooms). And we’re so over-regulated, that I
guarantee, right now, you are breaking some California law this very
minute. (Did you install your CO2
monitor required in every home July 1? No? $200 fine is on its way.)
Where unemployment at over 12% is one of the highest in the nation–two
million people out of work–the state’s bond ratings flirt with junk status,
and private investors are wary of a constantly changing and uncertain
regulatory environment. Where governors
from other states proactively seek and invite the relocation of our best
businesses. And what’s to stop business
from leaving? California has ranked 49th or 50th on numerous national lists as
the worse place to do business for the last several years. According to Dun & Bradstreet, 2,565
businesses with three or more employees have relocated to other states since
January 2007 and 109,000 jobs left with those employers.