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Thomas Lipscomb on why NY, CA are anti-jobs and losing tech firms
From: Declan McCullagh <declan () well com>
Date: Mon, 31 Jan 2005 23:49:41 -0500
-------- Original Message --------Subject: RE: [Politech] T.J. Rodgers on how hostile California politicos are totech firms
Date: Fri, 28 Jan 2005 12:21:21 -0500 From: Thomas Lipscomb <tom () lipscomb net> To: Declan McCullagh <declan () well com> Declan: Unfortunately, Democrats have caught the "European disease" and don't seem to have developed a paradigm yet that incorporates the growth of wealth as yielding greater returns. The Club of Rome made the same mistake back in the 1960s proposing that the limitation of resources required cutting smaller and smaller slices of a diminishing pie to maintain a "socially just civil society." We have now had almost a half century of examples that lower taxes yields higher returns, and that investment money follows real incentives rather than scenic locations and lying local government. Real European businessmen are now investing in plants in the United States and Europe is atrophying as more and more of its capital and major corporations flee to more advantages sites that remain competitive in the global economy. New York is just as bad or worse than California. Having founded and served as CEO of two companies based on my patents that I originally located in NYC, both companies have now moved out of state, one to Pittsfield MA and the other to Atlanta GA. I would certainly never set up a company in either NY or California today. Thomas Lipscomb, Fellow, Annenberg Center for the Digital Future at USC
-----Original Message----- From: politech-bounces () politechbot com [mailto:politech-bounces () politechbot com]On Behalf Of Declan McCullagh Sent: Friday, January 28, 2005 11:26 AM To: politech () politechbot com There's an interesting article in the San Jose Mercury News. As far as I can tell, the state promised to give certain companies (Intel, Cypress, etc.) a tax break if they kept their operations in California as opposed to sensibly relocating to an area that is less hostile to business. So the CEOs decided to take California up on the offer and kept some of their operations in the state that otherwise would have ended up elsewhere. Now a handful of Democrats are yowling that companies are getting tax refunds, even though the revised law was approved by the entire Democrat-controlled Assembly. I don't know the details of the situation, but it seems to me that if state politicos want to keep well-paying jobs in California, this isn't exactly the right approach. At the very least, they could say "Okay, we're going to try to deny you the refunds but want to work with you to make California more competitive in terms of retaining jobs." Of course they're not. Here's an excerpt: http://www.mercurynews.com/mld/mercurynews/news/10736766.htm?1c
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- Thomas Lipscomb on why NY, CA are anti-jobs and losing tech firms Declan McCullagh (Jan 31)