87% tax for businesses? This could destroy businesses in the fabulous state of California. No kind of business will survive under that environment. Couple that with high crime rate, high minimum wage, homelessness. It is certainly not a good place do business anymore. Top names like Google, Tesla, McDo is also exiting California
All of a sudden our business environment looked so friendly and enticing. This is even more attractive to export processing zones and free port (as in Subic) Its time to send trade missions to California to invite them to do business here.
One time I was invited to do a business plan for a meat plant in California which the local family bought for a hefty sum I advised them vs the idea. Instead to just export to Asian and ME countries which could achieve the same volume
What will happen to our kababayan in California? Will California still be the state that has GDP second only to the USA?
Why has California transformed to be a dismal place for business? Can this still be reversed?
No comments:
Post a Comment