California is learning the hard way that anti-business policies tend to flush out businesses.
In 2018 and 2019 — which were years of economic expansion across the United States — 765 major commercial facilities fled California. Stanford University’s Hoover Institution points to high taxes, government red tape, and other policies that discourage economic activity. Occurrences of companies fleeing the state have become commonplace enough for the California Policy Center to track the moves through its “Book of Exoduses.”
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