Tuesday, February 21, 2017

Nestle Flees CA

One of the stories COTTonLINE follows is the self-inflicted decline of the DrsC's native state - California. Investor's Business Daily reports the following:
Nestle USA is moving its headquarters from Glendale, Calif., a pocket suburb just miles from downtown Los Angeles, to Rosslyn, Va., near Washington, D.C., and taking 1,200 California jobs with it. Why? As many companies have found, California is an awful place to do business.

Nestle and its corporate brethren in California that actually make things are overtaxed and overregulated, and elected officials treat them not as honored members of the community but as rapacious pirates.
One by one the corporate headquarters and manufacturing plants shut down and head east. Nobody in a position of authority in CA seems to care.

Can CA make a living from Silicon Valley tech and affluent retirees? It becomes apparent they intend to try.