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Disrupting Liberated from the California Horror
Elon Musk, dropped a bombshell that sent shockwaves through the business world. The brilliant mind is moving both companies out of California. And you know what? It truly makes complete sense.
California, once seen as a paradise for entrepreneurs and innovators, has transformed into a regulatory and tax mess for businesses. The state’s current governor, Gavin Newsom, has handled its matters poorly to the point of resembling a dumpster fire. It’s no wonder that Musk has decided that he wouldn’t invest a dime there.
In recent years, California has taken a plunge in terms of its business climate. Overbearing regulations, high taxes, and a disregard for common-sense economic policies have driven many companies away. Even before Musk’s decision, a steady stream of businesses had been relocating to more business-friendly states like Texas and Florida.
This post was originally published on Smell The Musk
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