Yamaha Motor Company is now the latest seismic hit to California after announcing that, after half a century, the nearly $7 billion company is leaving the deep blue state.
Although Yamaha is relocating to Georgia, most companies bailing out of the erstwhile Golden State are heading to Texas.
Toyota Motor North America completed an earlier headquarters shift from Torrance, California, to Plano, Texas …
Chevron also relocated its headquarters from San Ramon, California, to Houston, Texas, in 2024 …
Charles Schwab completed its headquarters relocation from San Francisco to Westlake, Texas, in 2021.
Public Storage, the nation’s largest self-storage operator, announced in February that it was relocating its corporate headquarters from Glendale, California – its home for more than 50 years – to Frisco, Texas.
The visionary Elon Musk can see what’s coming and wants no part of it. He has moved Tesla, SpaceX, and X from California to Texas. Click* through for plenty more examples.
Businesses leaving California in recent years often cite the state’s high taxes, burdensome regulations and elevated cost of doing business as key factors driving the decisions.
Left behind will be the underclass that California has imported through mass immigration to vote for the Democrats who impose the high taxes and suffocating regulations. As productive citizens follow opportunity out of the Land of Fruits and Nuts, ever more radical Democrats will be elected to redistribute the shrinking pie ever more greedily, which will drive out the productive at a still higher rate, in a vicious cycle that guarantees single party Democrat rule and the total ruin of the state. California is succumbing to the Democrat Death Spiral.
* https://justthenews.com/politics-policy/after-residential-exodus-california-money-and-businesses-now-fleeing-en-masse
https://moonbattery.com/wealth-producers-escape-as-california-succumbs-to-democrat-death-spiral/
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