The Time Has Come for 51

After nearly three decades in L.A. County, Nestlé will soon move its headquarters from California to Virginia.  This food services giant with an estimated $235 billion in assets worldwide will by the end of 2018 remove 1,200 jobs from a state that relies heavily on income taxes to fund its massive public sector. Nestlé's exodus follows other big employers, including Toyota, Campbell's Soup, Dunn-Edwards Paints, and eBay – which took with them tens of thousands of jobs – and mirrors the flight of mom-and-pop operations, entrepreneurs, families, and individuals who have ditched the once Golden State for places where the weather is less clement but the business and tax climate is welcoming.  With Republicans, conservatives, and Reagan Democrats hightailing it out of high-priced California, the remaining statist majority has a voice that is progressively increasing in volume, and with it, the call for a "Calexit" secession from the...(Read Full Article)

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