Hi there! It’s been a while. I have been very busy with my job and so … well let’s save the explanations and excuses and get on with it.
First of all, I’m not covering the “Horse Race” aka “The Primaries and/or Elections” right now. It’s being covered enough elsewhere.
What DID catch my eye was a yahoo news piece (I’ve forgotten the author and can’t find the link yet, but anyway) about how Carl’s Jr. Restaurants and headquarters, parent company and all, are moving OUT of California to Nashville, Tennessee where the company will save something like 13% in taxes each year (Tennessee has no state employee income tax).
There has been a lot of buzz about the “inter-webs” about how California in general is so very horrible with its treatment of businesses and how the high taxation there just makes it nearly impossible to run a business at all.
Here’s one article about how Carl’s Jr. is “moving the hell out of California”. http://iotwreport.com/carls-jr-moving-the-hell-out-of-california-because-of-the-unfavorable-economic-climate/
I didn’t know this until now, but the parent company of Carl’s Jr. (that was a California based company) and of Hardees (a St Louis based company) CKE is combining the Carpinteria California office with the St Louis Missouri office in Nashville Tennessee as one combined office for BOTH restaurant chains.
.. “Being highly franchised has also reduced our office space needs and, thus, made consolidating offices a more viable option,” the company said. “As such, early next year we will be consolidating our Carpinteria and St. Louis corporate offices in Nashville, which is centrally located and is one of the markets where we have retained company-owned restaurants.”
Apparently over 9,000 Restaurants have moved out of California in the last decade or so (I can’t find that article right now) and things are just (sarcastic tone warning) so so terrible.
Well, if things are so terrible for business in California then why this?
California, Nevada lead restaurant job growth (March 27, 2015)
Los Angeles-Long Beach-Anaheim increased restaurants by 2 percent, from 28,928 in fall 2014 to 29,208 in fall 2015.
The California economy will maintain steady growth according to the latest projection from the Center for Business and Policy Research at the University of the Pacific.
Everyone moving out and no one moving in? Oh really????? http://nrn.com/operations/sweetgreen-move-headquarters-california
“Sweetgreen has opened three locations in Los Angeles in recent months, is planning its first location in Berkeley, Calif., and believes California is vital to its plans to go national.”
Dunkin Donuts plans to open 26 new locations in California http://nrn.com/quick-service/dunkin-donuts-plans-26-new-california-locations
and finally …
“The National Restaurant Association is projecting record foodservice sales in 2016 as consumers eat out more often —their finances improved by years of saving, an improving economy and lower gas prices.”
So, the moral of the story is, once again, trickle down was proven wrong, and so Reaganomics was wrong, Ayn Rand was wrong and surprise surprise … the mantra that says “oh no! Every restaurant is running away from California because it’s just so horrible there, the taxes are too high!” is just plain bullocks (hogwash, bullcrap).
Folks, don’t believe the mainstream media, not any of it. FACT Check it!
Most of the links above were provided to me by my friend Zap Radon aka zapster. Please visit her blog here: http://www.realitybytes-blog.dreamhosters.com/