Creators Syndicate founder Rick Newcombe takes to the pages of the Wall Street Journal to offer "Why We'll Leave L.A./The business climate is worse than the air quality" (link). He's threatening to move his company to another city or state because L.A. reversed their decision on his company's tax classification:
Everything was fine until the city started running out of money in 2007. Suddenly, the city announced that it was going to ignore its own ruling and reclassify us in the higher tax category. Even more incredible is the fact that the new classification was to be imposed retroactively to 2004 with interest and penalties. No explanation was given for the new classification, or for the city's decision to ignore its 1994 ruling...
...As long as City Hall operates like a banana republic, why is anyone surprised that jobs have left the city in droves and Los Angeles is teetering on the brink of bankruptcy?
Of course, this fails to note a couple points. Businesses and people have been leaving Los Angeles for many years, due in good part to massive immigration, most of it illegal. And, that massive immigration has led to more spending, causing the City to look for additional sources of revenue. One of those is his company. And, that massive immigration has led to a great deal of political power for people such as Antonio Villaraigosa and others who push for more spending.
Newcombe might know this and agree but left it out for innocent reasons. However, others I'm not too sure of. They keep whining about taxes, but they completely fail to note the role massive immigration plays in giving more power to the far-left and in increasing spending. In some cases (such as Reason Magazine), that's because they support massive/illegal immigration and are being dishonest in order to avoid admitting just how flawed their policies are.
Fri, 07/10/2009 - 13:38 · Importance: 4