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Businesses threaten this, but if they really want no regulation there are countries that have none at all. It turns out that a well-regulated market is a better
by wolverine876 3y ago
Businesses threaten this, but if they really want no regulation there are countries that have none at all. It turns out that a well-regulated market is a better place to do business. It also attracts smart, talented people who want to live in the best living environment - schools, roads, culture; a place filled with people who want to build a great community - not the best environment for the billionaire founder who cares only for themself and their estate.
Much more wealth is generated, many more industries have been born and thrived, in places like CA and NY than in less-regulated, lower-wage, no/low-tax states. The correlation looks very strong by the eyeball method.
- sroussey 3y agoYet very few companies incorporate in California. Also, LA put in a tax regime where all the studios left the city for neighbors like Burbank and Culver City.
- wolverine876 3y ago> very few companies incorporate in California They incorporate in Deleware, where they don't locate. That's irrelevant. California's economy and business is incredible, historic.
- kelnos 3y agoIncorporation location is irrelevant to this discussion. While governance of a Delaware corporation is litigated in Delaware business courts, a Delaware corporation that is headquartered in California, or even does business in California, needs to obey California law. And there are quite a few of them, to put it mildly.