Yamaha Motors Corp. has been in Orange County, California for almost 50 years, but has announced that they are leaving the state for greener pastures in Georgia.
This is just the latest example of a big company leaving California on Governor Gavin Newsom’s watch. The state is also losing population for the first time in history under Newsom.
And this is the guy Democrats are going to run for president in 2028? The guy who somehow managed to destroy California?
From the California Globe:
Yamaha Leaving California for Business-Friendly, Crime-Free Kennesaw Georgia
Another large business is leaving California. Yamaha says Sayonara to Governor Gavin Newsom after 50 years in the once-Golden State…
This is going to hurt Gov. Newsom who has had a lot of success chasing out hundreds to thousands of California businesses or subsidiaries, which fled to business-friendly red states including Jelly Belly, Chevron, X/Twitter, Space X, Oracle, Hewlett Packard, Charles Schwab, and Toyota Motor North America. After 77 Years in California, In-N-Out moved its headquarters to Tennessee. And Valero is closing its refinery. Marathon Petroleum is warning they could leave as well.
Georgia Governor Brian Kemp is happy to gain the jobs and tax revenue.
From CBS News:
The company’s headquarters in Cypress, California, had been its home since 1979 after Yamaha acquired the land the year before.
The manufacturer of ATVs, boat engines, personal watercraft, and other motorized products had already moved its marine business to Kennesaw in 1999 and its motorsports business in 2019.
“After many years of great partnership, we are honored and proud to welcome Yamaha’s American headquarters to the No. 1 state for business,” Kemp said in a statement. “This is another loud and clear testament to what we offer job creators from around the world. To any other California-based companies looking for a better home, we’ll give you plenty of reasons to keep Georgia on your mind.”
And while all of this is happening, California is debating a new ‘wealth tax.’
From The Hill:
Half in California would support one-time tax on ultrawealthy: Poll
Half of California’s registered voters say they would back a ballot initiative — championed by Sen. Bernie Sanders (I-Vt.) and opposed by Gov. Gavin Newsom (D) — that would implement a one-time tax on the state’s ultrawealthy residents, according to the UC Berkeley Citrin Center for Public Opinion Research-POLITICO poll released Tuesday.
The poll found that 50 percent of respondents support the Billionaire Tax Act, a 5 percent tax on billionaires, with 41 percent who strongly support it and 9 percent who somewhat support it. Just over a quarter of voters, or 28 percent, say they oppose it, with 5 percent who somewhat oppose it and 22 percent who strongly oppose it.
Why do profitable companies keep leaving California for other states? It’s a real mystery.
The post Yamaha Announces it’s Leaving California for Georgia After 50 Years as Californians Debate Implementing ‘Wealth Tax’ appeared first on The Gateway Pundit.