Toyota leaves California for better business climate in Texas

[Mr. MB]

They are taking the 4,000 jobs with them. The L.A. suburb of Torrance is in shock. The businesses around the Toyota facility will also suffer, some fail and also lower their working force.

I was in the big rig truck business and watched every single truck fleet leave the State over the last 20 years for Arizona, Nevada and Texas. It was because of taxes and penalties. They took 10s of thousands of jobs with them along with the majority of warehousing going to Sparks Nevada. Example, businesses are taxed (feed) for the space below the 55 gallon drum in their garage that holds the dirty shop rags. They were taxed (feed) for the sq ft of asphalt in their yards for polluting the ocean after rain run off. Yes, a rain tax. Add to this another thousand anti business (jobs) regulations that would take dozens of Get Big pages to list.

And, it looks like that 6 Billion dollar super train is going forward from Bakersfield to Modesto. Yes, in 50 years they will link to L.A. and the Bay area. It will cost the California tax payers $75,000 per person per trip for the first 25 years. Think for a moment how many hands are being greased under the table on this one. Not greedy Republicans....remember this is Kalifornia. The home of Billionaire Democrats. The home of Jerry Brown and his legislature filled with 1970 hippies. The home of UCLA who will not accept $3 million for Kidney Disease research because its coming from an 80 year old bigot Democrat with too much Viagra. The home of 9th place trophies for your little leager so his self esteem wont get bruised.

California invented political correctness.

The State still is a beautiful place to visit with the South Coast beaches, High Sierras, Central Coast, and the Redwoods. Loads of FORMER American promise there. After WWll our GIs built homes, raised families and worked at GM, Bethlehem Steel, Alcoa, Goodyear, Peterbilt-Mack-and International Trucks. All gone, now Toyota. Half of Hollywood has departed.

Great job Jerry Brown and friends, great job.

[LMV]

[Icelord]

Best climate is actually in New York atm. They have tax-free zones for a business's first 10 years.

[Viking11]

Still beats freezing and feeling 20 years older living in the Midwest. Sucks if you have to rent, but if you don't have that expense, the biggest downside is the high sales tax and the excess illegal population. I need my beaches!

[WalterWhite]

And Texas gave them 40 million additional reasons to leave.

TM is at 108 and rising.

[oldtimer1]

Best climate is actually in New York atm. They have tax-free zones for a business's first 10 years.

A lot of catches to go with that.

[Teutonic Knight]

Toyota capitulated in Australia too.

[Voice of Doom]

if you want to make money...come on to Texas.  No Sales Tax...lots of cheap land and resources...good labor prices.

[Mawse]

If we don't tax evil corporations, who do we tax? Don't you want anchor babies to have free ipads?

[TheGrinch]

if you want to make money...come on to Texas.  No Sales Tax...lots of cheap land and resources...good labor prices.

and no water....

[The Scott]

Good for them!  Screw Kommiefornia and their taxaholic government.  Redistribution of wealth and the fact that going green for this socialist pile of crap that is the state of Kommiefornia means taking money from anyone that has earned it.

I sincerely hope more top businesses leave for ever.

[honest]

Toyota capitulated in Australia too.

They moved offshore because of their overpaid highly unionised workforce and the lack of productivity left the business model unprofitable. Australia is a beautiful country but its dependency on mining leaves it hugely exposed for a huge crash in the future, much worse than the arabs when they run out of oil, they dont have the social welfare class to support, that australia does.

[Roger Bacon]

if you want to make money...come on to Texas.  No Sales Tax...lots of cheap land and resources...good labor prices.

Hopefully the great political migration from blue states to red doesn't destroy Texas. 

[Viking11]

I hope more people continue to migrate to the shitty weather states

[HavoX]

Georgia is killing it, tax break-wise. 

[WalterWhite]

Their multi billion dollar truck assembly plant is already there so Rick Perry (R) helped TM with an easy escape plan. CA is so nutty tax wise that Hollywood is turning on CA.

[tommywishbone]

California is a prison state. Cops, prison guards and illegals scamming the system. Not much else.

[bentone]

While it sucks that Toyota is leaving CA there are several other OEM's who have their national headquarters in CA, namely Hyundai, Kia,  Honda and Mazda. I spent significant time living in cities around the country and other than CA the only more desirable state is Hawaii. CA is expensive but that should be considered the weather tax because most the country has shit weather by comparison. It is not the most desirable state for businesses in many respects but the CA economy is massive and the birthplace of the .com companies, the internet, Google, Facebook, Apple and a host of other multinational companies. Corporations make the choice to accept unfavorable tax laws in exchange for some of the best and brightest people in the country.