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Right now the latest from the formally golden state of California.
Our next guest -- 254.
Businesses left the state last year alone hike taxes too much regulation.
Here is -- Joseph Greenwich my initial sort of branch he's from a -- location solution is.
He is the man who tracks this stuff in California -- is -- welcome back good to see it yet.
Glad to be -- Stewart so 250.
-- businesses translates -- how many.
-- well paid jobs that went out of California in the last year.
Well the numbers incalculable because nobody really gets to that level of analysis.
All I can say is in the world and executive coaching there's a phrase you can't solve the problem until you admit what the problem is.
Governor Brown's office has has denied.
Getting these reports that companies are leaving.
And I don't know -- we're going to fix California they won't face facts and also with a tsunami of tax increase is coming.
We're in bad shape yeah.
Not I who did wanna get to that because the election week ago put -- the top rate of tax in California to thirteen point 3%.
I believe sales taxes also went off a little but they certainly went off.
And I think that there is now about to be imposed California's version of cap and trade.
-- -- -- via our emissions controls and payments for those controls new environmental regulations.
I can't help but think Joseph that this is got to make things -- us in the formally gold -- to California.
I think it will make things worse I'm -- harsh critic of the politicians especially in Sacramento.
The we're now one party -- state effective January 1 it looks like the Democrats will have a complete lock.
On the assembly and the senate.
And that looks like more taxes will be coming our way you're correct in the last election we had sales taxes go up income taxes go up.
We had 171.
Pass tax increases of one sort or another or -- pass bond measures which will require.
Taxes to pay them off.
So if if California is the canary in the coal mine the coal mine.
The entire United States -- to be fearful.
About what's happening out here with cap and trade.
Cap and trade being 11 complicated part of it and by the way there is a a sort of a test auction today it is highly complicated system.
But that will be a test auction of how much you've got a penny to -- and then trade those payments interest -- and so I'm -- -- time.
The police come back this is again I want an update on the exodus from California -- Greenwich thank you very much now have 140 of how have one important we wanted to hear it if you.