June 6, 2013

California to Industry: Get Lost

By Adam Sparks
If you were the leaders of the State of California and you were hemorrhaging businesses, with entire industries leaving as fast as they could pack and taking jobs with them, what would you do? Assist with job training? Offer tax credits? Ease regulations? Wrong. The State of California didn't do that. Instead, they looked at the few still struggling industrial businesses dumb enough to want to still operate in this hostile environment and asked why? Why are they still here and just how quickly can we put them out of business? So California passed a new billion-dollar tax aimed at exactly those few manufacturing businesses. A new tax that, like a neutron bomb that only kills people while leaving buildings untouched, kills only industrial businesses and leaves high tech and retail alone. Welcome to the world of "Cap and Trade."  You see, the State of California perceives any business with a smokestack as the enemy. California politicians don't see industry as something...(Read Full Article)